By Steve Moore | Thursday 21 August 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Shares in back office-optimisation software company eg solutions (EGS) currently trade approaching 30% higher today, at 70p, on the back of an announcement of “a material new contract with an existing client” and “strong momentum in trading”, which see that it now “expects to report financial performance for the full year to 31 January 2015 ahead of current market expectations”. Following the rapid share price rise yesterday, what is the value situation here?
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