ICSGlobal Ltd (ICS)This is not arecommendation to buy, sell,...

ICSGlobal Ltd (ICS)

This is not arecommendation to buy, sell, hold or do anything whatsoever with shares in thiscompany.

*** Please note thatthis is a thinly traded company.

ICS Global Limited isan investment holding company, which is engaged in the provision of medicalbilling services, specifically in the United Kingdom. The Company's primaryoperating business is Medical Billing and Collections (MBC), which is owned andmanaged by it. The Company provides billing services to the United Kingdommedical consultants and specialists. The MBC service is tailored for both theindividual consultant and group practices and is based on its software. MBCcaters to all consultants, including those just starting out in privatepractice, the independent consultants of varying sizes and any specialties, andgroup practices with multiple providers and clinics. The Company is seeking newinvestment opportunities. The Company's subsidiaries include Thelma Pty Ltd andThelma-EU Limited. (From reuters website)

Some of the figuresbelow come from Commsec. Other figures relate to the last full year accounts.

Marketcapitalisation: 19.2 Million.

Category: Fast grower

Ways to grow theEarnings per share? Yes

Are the revenuesincreasing? Yes

Understandablebusiness? Yes

PE: 19.23

PEG: Not provided onCommsec but a profit guidance was recently released by the company.

ROE: 16.5

Debt to Equity ratio:Cash exceeds interest bearing debt.

Cash flow screens

Are receipts fromcustomers higher than revenue? Or within ten %? Yes

Are receipts fromcustomers higher than payments to suppliers? Yes

Are cash flows fromoperations positive? Yes

Are cash flows fromoperations higher than Net profit after tax? Yes

Are the dividendsincreasing? Yes.

Is the operatingmargin increasing? Yes.

Other

Is the annual reportfull of large photographs of the board of directors? No. The last annual reportwas nearly all text.

Has conducted sharebuyback within the last 12 months.

Boring business.