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Client Performance
ICIS clients top the leader board
As the by-product of some research, carried out on behalf of one of our clients here at ICIS, we recently produced some statistics on the share price performance of constituents of the UK software and computer services sector (see chart below). From this, some interesting observations were made regarding the performance of ICIS’s clients within the sector, and we are pleased to share these findings with you.
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Description
|
Mkt Cap £m
|
Price 22\10\08
|
Price 22\10\07
|
% Change
|
|
VEBNET (HLDGS)
|
23.64
|
253.50
|
149.00
|
70.13
|
|
ULTIMA NETWORKS
|
3.07
|
1.50
|
0.88
|
65.71
|
|
** CRANEWARE
|
52.93
|
211.00
|
149.50
|
41.14
|
|
** BANGO
|
15.14
|
53.50
|
38.00
|
40.79
|
|
DETICA GRP
|
536.00
|
441.50
|
320.00
|
37.81
|
|
** ANT
|
6.68
|
27.50
|
22.00
|
34.09
|
|
SYSTEM C
|
34.70
|
38.75
|
29.00
|
33.62
|
|
STRATEGIC
|
15.39
|
58.50
|
52.50
|
28.57
|
|
PLAYTECH LD
|
1017.64
|
427.00
|
348.50
|
25.61
|
|
ATLANTIC GLOBAL
|
4.45
|
19.50
|
16.00
|
25.00
|
The above chart shows the top ten share price performances in the sector over the past 12 months. Three of the top six of these (Craneware, Bango and ANT - highlighted in yellow) are clients of ICIS. Each of these has recorded a positive share price movement in excess of 34%, which we believe is a considerable achievement given that only 16 out of the 156 companies within the sector have recorded a positive movement in their share price over this period. Of these 156 companies, ten are clients of ICIS, and we are of the opinion that it cannot be purely coincidental that three of these clients are among the top six sector performers in terms of annual share price performance.
This research shows that the current economic climate has had a dampening impact on the software and computer services sector, with fewer companies charting positive share price movements. However, it also reveals that with the help of a specialist consultancy and an effective communication programme, the current market conditions are not insurmountable. Indeed, ICIS clients continue to perform well above the average and we are confident that we will maintain this excellent record as we guide our clients through the next year.
ICIS Commitment
As we pointed out in our previous newsletter, it is our current priority to ensure that our clients receive the support and direction needed to steer them through the difficult economic conditions we are presently experiencing. We believe that the above research is evidence that, to date, we are succeeding in this objective and we will continue to maximise our efforts toward this goal going forward. Only by doing this can we can ensure the optimal positioning for our clients once the storm has blown over.
Tom Moriarty
CEO, ICIS
23 October 2008