July Break12 Jun 2012 18:13
Evolution reckons GEONG, is undervalued and has set a 50 pence price target on the shares, which is still 35 per cent below the company’s historic PE ratio of 13.2 times since its 2006 IPO.
The expanding China-focused internet software company has a 200-strong blue-chip clients, and in IBM and Oracle, two top-notch industry partners.
In July Social Networking 2.0 will be rolled out as a cloud computing solution with five applications. The idea is to create higher barriers of entry to competitors.