There was a positive trading update from Tikit, the legal software firm, on Monday. The company will meet market expectations for the year just ended and has started 2008 with a substantial backlog of orders. The firm’s broker, Charles Stanley, reiterated its price target of 350p. At the current 250p, the shares sell on a prospective p/e of just 12 – a big discount to the sector. I tipped them here in November 2004 at 167.5p. They are still worth holding for the long term.

Tikit	AIM	£20.49m	141.50p	0.00p
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Other company articles:
Tikit Group			14/08/2008
Tikit Group			13/05/2008
Tikit in line with expectations			18/01/2008
Tikit takes a hit			14/09/2007
Tikit			11/09/2007