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IS Solutions (ISL) is this morning’s star performer with a 23% rise after announcing that its performance so far in the current year has been strong. Revenue and profitability for the year to 31st March and for 2016/17 will both be significantly ahead of current market expectations. The shares have doubled since September and closed on Friday at 102p. They opened 8p up this morning and are now standing at 117p.
The market does not appear to have been too impressed by Ryanair (RYA) whose third quarter after tax profit has surged by 110%.The shares have risen from 9.5p in March to 13.93p at the close on Friday but this mornings update has only seen them edge slightly hugher. Ryanair’s traffic for the quarter rose by 20%, whilst unit costs fell by 5% and the average fare fell by 1% to 40 Euro.
Keyword Studios (KWS) which provides technical services to the global video games industry, updates that revenue and adjusted profit before tax will be comfortably ahead of consensus for the year to 31st December, after another year of strong organic growth. 2016 is already showing signs of being another good year. The shares have risen from 150p in September and now stand at 215p, having opened 11p stronger on today’s news.
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IS Solutions ISL is in the fast growing market for business intelligence software and analytics. Its share price has been steady having reached 55 p in early September 2014 and having closed last night at 52p. Following this morning’s trading update the shares opened at 60p and then surged to 70p., a rise of 35% which they have maintained throughout most of the day..
The strong performance which ISL has been delivering will see current year revenue ahead of market expectations and profitability will significantly exceed current expectations, for the year to the end of March 2016. ISL intends to resume payment of an interim dividend.
The integration with Celebrus which ISL acquired at the beginning of the year has gone well, strong demand for ISL’s analytics has resulted in sales being well ahead of budget, two major contracts have been obtained from customers in the financial services sector and a US office is also due to be opened.
In todays volatile markets ISL may or may not maintain all of today’s re-rating but it should certainly be worth keeping an eye on and any retrace may represent a good buying opportunity.
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