Allocate Software (LON:ALL) - Healthy cash generator
Sep 19th 2011 - Edison Investment Research today published a report on Allocate Software (ALL.L, LSE:ALL, LON:ALL) entitled "Healthy Cash Generator". In summary, the report says:
In delivering full year results that were ahead of expectations, Allocate now has a strong four-year track record of sales and earning expansion. Prospects for growth continue to look good, through both international expansion and deeper penetration of the NHS. Cash conversion is excellent and visibility is improving as recurring revenues grow. The current rating appears scant reward for these attributes.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
