LONDON (AFX) - Harvey Nash Group PLC said it expects first-half profits to
be "substantially ahead of expectations", as positive trends and market
conditions in the UK and US continue.
"Also we are further encouraged by the turnaround of our businesses in
Europe and the profits that they are now generating," the company said in its
last trading statement before reporting interim results on Oct 11.
The business services company said it will continue to invest in the fee
earning capacity of the group in its key markets in the second half of the year.
newsdesk@afxnews.com


Chart looks wonderful now.

Dow looking strong, potential of a blue day tomorrow coinciding with a release of results 'ahead of current market forecasts' sets up an interesting day.

Impressive results...some snippets below...

'Highlights


Strong organic revenue growth of 24%

Dividend re-instated with final dividend of 1p per share

Excellent increase in Profit Before Tax of 45%

Strong cash generation of 5.3m from operating activities

New offices opened in USA, Europe and UK

Continued growth of Outsourcing revenues in Europe

Strong performance from Offshore Services with revenues up 47%

...

Financial Results



The Group's revenue for the year ended 31 January 2007 increased by 24% to
251.7m (2006: 202.3m). Net fee income was 48.3m (2006: 42.9m). Profit before
tax increased 45% to 5.8m (2006: 4.0m). Basic earnings per share increased 13%
to 6.3p (2006: 5.6p).



There was trading cash inflow of 7.5m (2006: 6.1m) generated from operations
before movements in working capital. As a result, the Group's net borrowings
reduced by 59% to 2.6m (2006: 6.4m), significantly strengthening the Group's
balance sheet.'

After their Trading statement in January Bridgewell cranked up its year to January 2007 pretax profits forecast to an adjusted 5.2 mln stg from 4.9 mln, for EPS of 5.2 pence.

They have just announced 5.8 Million, exceeding even the revised forecast, Excellent.

Excellent results and chart is in a rising trend.

Up 2.6% today and volume building up.

Press coverage and Broker upgrades this week should see us north of 80p soon IMHO.

'We retain our buy recommendation with fair value raised from 85p to 100p, Bridgewell analyst Ian Jermin wrote.' Thanks to poster on @dVfn for the info.

Currently 77.5 mid price

Patience newbie, buyers at 80p yesterday. Undervalued based on results and mention of Q1 strong trading. Markets take time to digest and don't be surprised if next week buyers are willing to pay low/mid 80's (although they can buy today at 78p) to get in as the realisation sets in that the chart and fundamentals point towards 90p - 100p.

Some people would have made a small profit and bailed out on results yesterday, and there will always be those that get bored and didn't make a quick buck. So MMs know they can do small shakes and acquire cheap stock. Those confident use such opportunities to buy.

I know that people will happily buy on the breakthrough 80p, just wondered why people don't buy before the herd, anyway still learning, like why people would sell when it is not currently 'fair value'.

Patience...

added to my watchlist for breakout potential

closed 78/80 L2 3v3

looking a strong fav to breakout

they didn't get many sellers on the dip this morning, i'm still waiting on the sidelines to buy in on the breakout.

noticed HAS who are in the same sector doing well today, expecting HVN to rise in the future too being on a lower PE, but wait for the breakout first, keep this on your watchlist :-)

Reading the recent 2 RNS, appears Deutsche Bank and Barclays have increased their holdings recently. Results were very impressive and so is the chart. Broker upgrade. I like the sum of positives with this share, all bodes well.

DOW flew through 1300, very strong finish. Blue day tomorrow the possible catalyst to start the imminent breakout. Watch the buys come in as the volume swells on the breakout.

carbou - you have to be in to win!

I bought a small holding sub 80p recently, however will buy in further on the breakout. There are buyers paying 80p, looking next for mid-price 80p, followed by buyers paying over 80p and finally a closing bid price of 80p before my substantial purchase.

This share is also PLUS-traded and the MMs are soaking up sellers, nearly 40K showing yesterday and L2 is stronger today than it was then.

They are acquiring stock before the buyers like myself pile in :-)

L2 improving after a flurry of buys, good volume so far.

The share has at long last broke through the 80 pence barrier. BUY NOW

Took a nice profit this am. Results not quite what the market was looking for. The sp has had a good run and very difficult to predict whether it is going up to 70p or down to 40p.

Have to confess I knew I had these but it wasn't till I checked yesterday that I realised I was sitting on a profit! Probably a good job otherwise I'd sold too early again!

Listen: Harvey Nash Group (HVN) - Trading update for the six months to 31 July 2014

Click here to listen