Dillistone Group (AIM:DSG) - trading update hints at the value
The highly cash generative AIM quoted supplier of software for the international recruitment industry has issued a positive trading update for the 12 months ended 31 December 2014. We are impressed with the software offering having enjoyed a demonstration of this a few months ago.
The Group confirmed that expectations for the full year (before acquisition related items) will be similar to that delivered in 2013 – pre-tax £1.23m, eps 6.51p, reiterating comments made a few months ago. Since the interim results announcement in September 2014, the Group has enjoyed a number of trading successes across both divisions. The Dillistone Systems division has enjoyed total order intake in Q4 of 2014 more than 20% up on both Q4 of 2013 and on the average of Q1-Q3 2014. More new business contracts were won in December 2014 than any single month in the last 2 years…