It is all going swimmingly at direct marketing group Tangent Communications. Tipped here in February last year at 10p, the shares are now priced 15.5p after full-year figures showing a 71 per cent rise in operating profits to £1.07 million on a 30 per cent rise in turnover. Earnings per share have emerged 16 per cent higher at 0.95p and the cash pot has swollen from £0.8 million to more than £1 million. The current year is off to a good start with returns ‘ahead of budget’.

Since the year-end, Tangent has virtually doubled in size with the £5.85 million purchase of a digital marketing business called Ravensworth. This made operating profits of over £1 million last year. Integrating the business with Tangent’s own online marketing operations is expected to throw up significant cost savings. Tangent looks to be well placed in an expanding online marketing sector. A firm long-term hold.

Tangent Communications	AIM	£5.95m	3.50p	0.00p
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Tangent Communications			16/05/2008
AIM news			01/04/2008
Plot thickens in TMN takeover			13/03/2008
Tangent makes approach for TMN			11/03/2008
Ambitious Tangent’s targeted prospects			29/10/2007