UK small caps trade flat, while the broad AIM index adds 0.3 percent in morning deals, both lagging gains of 0.6 percent on the mid-caps.
AIM-listed K3 Business Tech, which provides software and other services tothe supply chain industry, drops 8.7 percent on news that, despite somemajor new retail order wins, revenue and pre-tax profits for the year toend-June will be below current market forecasts.
Meanwhile, Advanced Medical Solutions adds 3.1 percent after sayingthat its profits for the first six months of 2013 will be in-line with marketexpectations.
"The shares remain attractive from a valuation perspective and whilst taxmeans the price/earnings ratio remains relatively steady, the enterprise value/EBITDA multiple is looking attractive for a growth stock," analysts at Investecsaying in a note, reiterating a "buy" rating.
Reuters messaging rm://antonina.vorobyova.thomsonreuters.com@reuters.net
K3 Business Technology Group (KBT)
