A series of buys from Peter Webb's Eaglet Investment Trust have pushed shares in IT services business ComputerLand to a record high of 194p in recent weeks - a near 100% gain on our 98.5p February recommendation price. Eaglet now controls 4.3% of the company - while stablemate Unicorn Free Spirit holds a further 3% - and, given recent progress, it is easy to see why Webb is eager to raise his exposure to the company. June's full year figures were, as expected, solidly impressive. Turnover surged 46% to £54.8m, while profits before tax rocketed from £610,000 to £1.5m and net cash increased from £4m to £6.5m. Moreover, the company's mantra of supplying 'essential IT services' such as helpdesks and network support to medium-sized firms appears to be paying off. Existing customers are spending more, new contracts continue to flow in and recurring revenues have increased to more than £10m. 2003/04 forecasts are for more of the same. Evolution Beeson Gregory's Robin Hutchings is predicting a £300,000 rise in profits to £1.8m on sales up slightly at £55m, rising to £2.1 million from £59.4 million 12 months on. Trading on a prospective p/e of 15.6 and yielding around 2%, the shares continue to look fair value, but if you bought back in February you should seriously consider top slicing.