24/10/2001
Profitable recruitment industry software developer Bond International has been awarded a £250,000 contract to supply its Adapt solution to Quanta - Italy's largest recruitment firm. Tim Richards, Bond's European chief executive officer, explained the complexities of the deal, commenting 'Italy has some of the most stringent recruitment regulations in Europe'. The contract will also see Bond provide Quanta with a custom built 'extranet' system enabling both clients and potential candidates to post and update details on-line. With the contracts continuing to flow, some in the City now feel that Bond may even surpass current full year estimates. At the half year stage to June, pre-tax profits surged 214% to £443,000 and house broker Seymour Pierce is now forecasting a £1.4m (£1m) profit for the 12 month period. Turnover is expected to climb from £9.4m to £10.5m with earnings climbing to 6.6p (5p). This places Bond on a modest prospective p/e of 10.7. Worth a look at the present price.
| Market cap: | £10.1m |
| PE Forecast: | 10.7 |
| Share price: | 70.5p |
| AIM | £11.06m |
33.50p
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1.00p
|
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