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Has a staff of 6,500.!! Yesterdays order was to a huge company, who will be paying PTO recurring revenues for many years. Vista the older software that publishers use is paying PTO revenues 23 years on.!!
Won today, the very reason i made this my share of the year on ADVFN.doubled and more to date but over the next 18 months could see a tenner at least. The city just loves long term recurring revenue just what these new orders produce. WSG my last years share of the year has done 400% since.!!
08 Apr Westhouse Securities Buy 272.50 360.00 360.00 Reiterates
From France, see news on company web page.
Morning all, PTO storming now after last weeks tax sell off.!
In line = 140% profit rise this year. Since the accounts were printed [7 weeks ago] 3 of the big shareholders have bought more stock at the expense of the free float. That says it all.!!! Company web page shareholders has been updated to 31/03/13. F.Times today page 16 has PTO in the No 1 spot over the last 12 months. Looking like the next ASOS if you ask me.
PTO: The AGM was held at the Oxford HQ of PTO at 1PM yesterday. 7 shareholders showed up. Meeting lasted around one hour and a half. Went very, very, well. All four directors were open and frank. TRADING AHEAD OF LAST YEAR.!!! I left the meeting feeling very upbeat knowing their plans going forward,increasing turnover,with geared margin growth. Turnover had been flat over the 4 years up to, but exc 2012 as the company dumped low margin online contracts and won new higher margin work. Turnover rose in 2012 so did R and D, but profits also went up. 2013 and 2014 we will see. R and D falling Debt paid off. New contract wins Higher turnover. Higher margins. Recurring revenues [running around 63%] Plus the gearing effect of a fixed overhead with a rise in T/O. All the above excludes any profits from the Chinese J/V.!
At this time PTO is still dirt cheap,valued at £23M could well go to £100M in the next 18 months in my view. Take a look at the growth to come from China.!! See my PTO thread on ADVFN good luck.!
Find me another sock that has seen that.!!
The Chinese J/V has not yet been factored in by the broker , yet PTO have done a deal with the chinese publisher with 60% market share.!
Dear me, one might ask why the five big holders in the company have not sold infact bought more. Or the 5 broker upgrades. Better still take a look at this years Hemscott Stock Challenge 2013 where you will find the leader has 4 of my research stocks. AGL my share of the decade up from 13p when posted. IDG 14p to 60p takeover WSG my last years share of the year 8p to 40p PTO 135p tp £3.00 quid
Long way to go yet.!!
Yet the train is only just leaving the station.
Increased target price 14/03/13 £2.60p to £3.60p BUY. We have again revised our target price upwards as we continue to believe that Publishing Technology should see positive profits momentum now that its R&D cycle is nearly complete. As its products and/or services either reduce costs or introduce new revenue streams for publishers, there is in-built demand for PT’s solutions in our view. This is especially the case as publishers look to outsource more. In addition, considerable scope remains to penetrate its large customer base with more online products. As we flagged in our note “Profiting from R&D” on 5 March 2013, while it is our view that the Chinese JV could provide considerable upside to the Publishing Technology valuation, there is no profit contribution in our current forecasts. Our 360p target price has been arrived at by comparing PT’s target 2013E EV/sales of 1.8x to similar companies. This valuation is supported by a reverse DCF of 360p per share. We maintain our Buy recommendation.
All in less than 100 days.!!!! 14 Mar Westhouse Securities Buy 260.00 360.00 5 Mar Westhouse Securities Buy 230.00 260.00 4 Jan Westhouse Securities Buy 200.00 230.00 17 Dec Westhouse Securities Buy 150.00 200.00 05 Dec Westhouse Securities Buy 120.00 150.00 15 Aug Westhouse Securities Buy 120.00 120.00
Again today
Again
But this will.!! Google sesrch. article-outsell-chinese-stm-partnerships.pd Then go down the page to the second item.
The link will not work. but if you type it out, and search Google it willl work
Google sesrch. www.copyright.com/.../article-outsell-chinese-stm-partnerships.pdf