One of those type of business which make me personally cringe, well it would if I was an employee, but the fact is that this business in the support services helps companys and organisations get the very best out of his main assets, thats the people working for them.

Heres a run down on just what it does and the differing divisions it as.

The Group is one of the leading performance improvement businesses in the UK
with over 16 years' experience in delivering incentive and motivation programmes
to clients. These programmes focus on the rewarding of employees, distributors
and customers. The Group has three operating divisions: Motivation and
Incentives, Incentive Travel and Live Events and Sales Promotion and Employee
Benefits.



The Motivation and Incentives division has made further investment in both sales
and product development to take advantage of the increasing recognition by UK
companies of the need to find new and innovative ways of motivating employees.
Existing technology platforms (rewardbanking.com, rewardvouchers.com and
recogniseme.com) have been built on with the introduction of 'Spree' a pre-paid
incentive Visa card. This has resulted in a significant upturn in new business
activity and strong prospects for 2007.



The Incentive Travel and Live Events division has continued to demonstrate
sustained growth and has seen a 44% increase in new business opportunities, with
win ratios continuing to remain at the normal levels. Archer Young, acquired in
2005, continues to make good progress, making a contribution to Group profits
and fully justifying the investment. I am pleased to report good forward
visibility for further growth in 2007.



The Sales Promotion and Employee Benefits division has again performed well.
The annual contract renewal cycle for our 'Lifestyle' product has to date
resulted in a 99% repeat purchase pattern, demonstrating the value of the
offering and indicating an excellent future revenue stream.



The Employee Benefits division had made a considerable investment in developing
and marketing a Home Computer Initiative (HCI) benefits programme and had won
contracts from a number of public and private sector organisations. However,
the Chancellor announced in the April 2006 Budget, with only 3 weeks notice,
that this tax benefit was withdrawn and, despite significant lobbying by the HCI
industry, this status remains. We have absorbed all abortive costs in the first
half and there has been a short term impact. However, we continue to work with
many of the clients, who have appreciated our efforts on their behalf, to
provide them with alternative programmes with the result that revenue prospects
and further new and exciting product offers have been developed.ENDS.

Looking at the financials I find that the company is capitalised at 25 million, Its price to /book ratio is 4, and it is trading on a forward P/E to Dec 2007 of just 11.4 has a peg of 0.8 and the company is eyeing up earning enhancing acquisitions.

Well worth a further look as I beleive it will offer much further upside.

DYOR.

And up they go again on a forward P/E of circa 13, and have plenty of cash for bolt ons.

Moving up nicely.

Prospective P/E of 12.4 and PEG of 0.2 to end of Dec 2007.

Very cheap.

Moving along steadily, no acquisitions yet.

Excelent results and Outlook statement very positive...

Motivcom FY pretax up 34 pct; continues to seek earnings-enhancing acquisitions
AFX


LONDON (AFX) - Motivcom PLC posted a 34 pct rise in its pretax profit for 2006, in line with market expectations, and said it continues to seek earnings-enhancing acquisitions.

Pretax profit came in at 2.7 mln stg in the year to end-December, on a combination of organic growth spurred by new product development and the acquisition of Summersault Communications Ltd and The Voucher Shop.

Revenue for the year rose to 76.75 mln stg from 26.39 mln, with 38 pct of this increase resulting from the acquisition of The Voucher Shop.

The board recommended the final dividend be raised to 0.90 pence per share from 0.75p a year earlier, lifting the total dividend for 2006 to 1.25p.

The company said it expects continuing progress in 2007 and that early indications show good visibility of foreword contracts and a likelihood of the group exceeding its internal gross profit forecasts.

newsdesk@afxnews.com

ran/tsm/jr

gf
Sorry of topic can you give your thoughts on MEA on that board, cheers in advance.

Hi driver,

I dont hold MEA I think you have got this one mixed up.

Cheers GF.

GF, I was about to point out MEA to you as well. Have just begun a new thread. PE 6 and profitable/growing. Looks good but I know you'll DYOR.

Thanks for that ST.

Ive already had a quick gander after Driver raised it earlier this morning.

I need to do more sifting.

Chart looks healthy...

It certainly does, GF!

Moving ahead nicely.

TA getting even better..

Forward P/E of 16 going to 31st of Dec.

Not very cheap but still plenty more to be squeesed from this one.

Nice to see this one carrying on its good run, cant be far off a 50% gain since December.

A little dated but worth a look......

http://www.citywire.co.uk/News/NewsArticle.aspx?VersionID=90349

Nice to see these back in the blue.

Been a few too many down days on little volume over the last few trading days.

Blue from the off again..... NICE.

Positive.

Sitting on a forward P/E of 17 to end of Dec 2007.

Could easily be 25 therefore plenty to go yet.

Springing back into action this morning.