The Small Company Sharewatch
Issue
July 2014
Updates
Advanced Computer Software - Gain since tip at 17p: 591%
Full year results were top of the range. Sales were up 68% to £203m (7% organic) and adjusted pretax profit was £38.5m, up from £24.1m, for adjusted eps of 6.2p. Net debt stands at £48m. The original business, Health & Care, grew sales 17% (13% organic) to £31.4m and recorded an operating profit of £8.9m. Margins increased from 27.5% to a re... ...