The Times/yahoo finance31 Oct 2013 22:27
http://uk.finance.yahoo.com/news/thursday-tips-round-acs-bp-083500680.html
LONDON (ShareCast) - Advanced Computer Software's Chief Executive Officer, VinMurria, is on the war path. After a big investor forced her into a sale of Computer Software Holding (CSH), her previous company at which she managed to engineer a growth spurt, she vowed never to make the same mistake. Now, as Chief of Advanced Computer Software, she has managed to purchase CSH, and ACS (Madrid: ACS.MC - news) has been going from strength to strength. First (Other OTC: FSTC - news) half revenue growth was up 74 per cent to 99m pounds and pre-tax profits higher by seven per cent, and it wasn't all down to non-organic growth. Cash generation remains significant - at £18.7m at the interim stage - and the company now has a war chest of £40m. The shares are trading at a modest 14 times projected earnings and could be due a re-rating. Take a punt, says The Times' Tempus.