Member Info for BuyHold

I will also be holding. After a lot of hard work RGD is only just starting to see profits from all its divisions. If that trend continues, and if there is good cash generation to pay down debt, I can see great potential for this one as a multi-bagger over the medium term.

PBT from franchise and licensing increased from £11.5m to £14.8m, with 266 franchise stores (2012: 245) in 28 countries. Since the year end agreements signed with franchise partners in Poland, Armenia and The Baltic states. PBT from (store plus ecommerce/ mail order) retail was down from £6.9m to £5.3m.

I'm surprised that RGD hasn't attracted some more support since its recent Q4 trading update. With EBITDA of £10.5m I'd expect PBT of around £6m, assuming depreciation and finance costs of around £4m - and no unexpected exceptional items. It may be that the share price won't come until the prelims are announced.

Results for year to 26 Jan 2013. EPS 2.02p (up 12.8%), Final Div 1p making 2p for the year, Like for Like sales up 2% and 2.7% for the first two months since year end. £34.6m cash pile (£35m 2012). Well done again to ALY!

Tracsis looking to buy Sky High for £3.28m cash. Sky High made 289K PBT in the half year to 30 September 2012 and the company gave a pretty upbeat statement when reporting those results on 3 December. Also, Sky High operates in Australia as well as the UK which may be useful to TRCS. One point I like about TRCS is that there's no hype. Profit forecasts discount any acquisitions and yet are clearly looking for earnings enhancing deals.

From 24 March 2013 Mr John O'Connell takes over as Chair. From the RNS it seems that he has a great track record helping software companies prosper. He said, "My goal is to help create another software world champion in the UK, emulating Staffware's success....I am confident that [EGS] has the potential to be such a world champion with consequent returns for its stakeholders".

Today's RNS: 39% increase in basic EPS and 21% dividend increase. Chief Exec said that in his opinion "the most significant development of the business...was that global brands such as Samsung, VW, Skoda and Nokia simultaneously launched products using [SAL's] offices in Germany, India and the UK". Also, 2013 Q1 "has started very positively".

I agree that there UTW (and INSE) are in a good growth niche. There is excellent scope for roll out as the broker market is pretty fragmented. It's mainly a question as to whether they can manage the expansion successfully. We may have to wait for next results or other favourable news to see share price rises.

Well, one of those times will be April when the December 2012 results are due. I look forward to seeing the results - any maybe some more investor interest.

Last year's interims published 29 March. In the RNS trading update of 24 January, the company said, "we now have forward income, mainly but not solely from Globe, and a prospective sales pipeline that taken together give us confidence that our performance for the year as a whole will exceed expectations". So it will be interesting to see the first half's figures.

RNS 25 January 2013 said that results should be in line with expectations. Net income from German operations increased by 70% to £3.7m and UK by 5% to £8.4m. SAL has established a good track record of year on year business growth.

I haven't had a chance to analyse the figures in depth but, from a quick review, the results look quite positive. I'll post again once I've had a closer look. I know a bit about this industry and bought into INSE and also UTW soon after they floated. Both companies operate in a good niche - helping businesses save money on their electricity and gas contracts.

PBT up 70%, interim dividend increased. Several companies that offer finance to small businesses are posting good results. UFG has a portfolio of lending offers and all seem to be moving ahead nicely. Bad debt levels less than 1%.

The RNS says that EBITDA is expected to be £3.9m for Q4, and in the region of £10.5m for the year. As the half year EBITDA was £3.0m, that gives £7.5m for the second half split £3.6m Q3, £3.9m Q4. This January to March quarter is usually reckoned to be the weakest trading quarter, according to the 2012 accounts [Finance Director's report] and, indeed, Q4 for last year produced only £0.1m EBIDTA. It will be interesting to hear - when more details are published - as to whether there were any one-off factors to account for the excellent Q4 trading. Of course, Q3 trading was much weaker than expected and so the full year's results may be a bit down on original forecasts. That said, Q4 has to inspire confidence that RGD really is on a growth path.

RNS - that 7th quarter trading looks to be really good news. The business really seems to be moving forward.

More good news in 18 March RNS. Two more CTU orders following on from the two orders announced on 18 February and one on 17 January.

You're not alone on this one jdrjdr. I bought in back in November, impressed by INCA's rising sales in fast growing economic regions. This one has real potential over the next few years.