RE: cheap as chips24 Jan 2018 11:33
I don't know where you buy your chips but most probably you're overpaying :)
Cheaper than chips
I wouldn't say that earnings are volatile, but cyclical
Most of the work is done for the government, ministry of justice, home office etc. During the recession and immediately after there were pressures on spending that left a backlog of work that needs doing. All the underspending comes home to roost, you can't go on forever not updating your I.T. systems.
Hence the improvement in gross profit margin for the last 4, 5 years.
Not to mention that the Brexit quite possibly bring more work forward
Jolly happy days