Bond International - management must be tempted!
The Specialist provider of software for the international recruitment and human resources industries cam out with a trading update year ending 31st Dec 2008.
Deterioration in trading probably much as expected but deferral of key contracts disappointing. Still expects to report revenues in excess of £31m for the year ending 31st Dec 2008 and an operating profit of not less than £5.4m. Consensus forecast was for pre-tax of £6.70m and revenue of £31.90m and eps of 14.90p. Operating profit guidance is pre amortization of intangibles. For the year ending 31st Dec 2007 operating profit was stated before net finance costs of £140k. Zero debt so finance costs in the current year are assumed to be irrelevant. Effective tax rate for 2007 was c29%. Looks…