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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Vantis - New earnings forcast of 19.9p for 2007

September 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • VTS
  • Price:
  • 188p
Shares in accountancy and professional advisory group Vantis have moved up nicely since last month’s recommendation. Its final results certainly cheered investors with turnover being up 59% to £37.7m, pretax profit increasing 44% to £6.9m and earnings rising 25% to 12.1p. However, the main reason for the re-rating has been the growing realisation that the recent acquisition of larger rival Numerica, for £3.7m plus Numerica’s borrowings of £7.5m, for a business turning over c. £30m, was a stunning deal. Numerica’s integration has gone well with a large portion of the identified cost savings having already been made through reduction in central overheads, such as IT, HR and marketing as well ...

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Vantis - Accountancy and professional services firm acquires major rival (August 2005)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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