Tikit Group - reassuring AGM statement but share price up with events?
The provider of IT related services to leading law and accountancy firms issued a reassuring AGM statement.
First quarter profits and operating margins are significantly ahead of the previous year and in line with the Board’s expectations.
They are also experiencing strong demand for most of their services and Tikit-owned software products.
The share price (295p) is up over 60% over the past 12 months but remains below historic highs of c335p attained back in June 2007.
Peak diluted earnings per share were 18p in the year ending December…
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