The telecoms and technology recruitment business, Networkers International, put out a confident trading statement last week. Operating in a highly specialised, international niche market, Networkers does not appear to be feeling any of the pressures the rest of the recruitment sector is experiencing. It expects to hit market forecasts for the current year and is positive on prospects for the next. Net fee income in the main emerging markets is up by more than a quarter. Unisys, the company’s largest customer, has extended its agreement with Networkers for four more years.

The firm’s broker, Seymour Pierce, has reiterated its target of £4.6 million pre-tax this year for earnings of 3.3p per share. It sees room for an upgrade on its 2008 forecasts and set a target price for the shares of 65p. That would be nice: since I tipped the shares here two months ago they have slipped 2p to 30p. They remain attractive.

Networkers International	AIM	£7.84m	8.50p	0.00p
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Other company articles:
Networkers looks abroad			16/09/2008
Networkers: growth through global connections			02/06/2008
Networkers’ bullish statement			14/12/2007
Networkers chairman buys a further 500,000 shares			26/10/2007
Networkers a steal on single digit multiple			12/10/2007