Listed June 07. Outsourced customer service and contact centre operations. Market cap $55m
Nov 31st updated Dec FY profit forecast to $7.2m NPAT (57% growth on pro-forma 06) - i.e. P/E of 7.6. Paid 3cps unfranked interim div - should be able to pay same or better at FY to put yield at 6%+.
Was in a net cash position at half year.
Biggest downside seems to be low liquidity/big spread and limited free float/tightly held.
Due to confirm full year result shortly and predicting ongoing growth in 2008 and for foreseeable future. No obvious reason for recent sell-off. Possible support at IPO price of $1?
Looks too cheap to be true. Any thoughts?
UMS
ucms group ltd
