Mobile workforce management software firm ServicePower Technologies PLC (LON:SVR) is expected to be a highlight of Wednesday’s small cap news, as it releases its full year results.
Whilst the focus will be the rear view, to the period ended December 31, but the recent newsflow suggest the current trading period is going well.
In March, the group announced 12 new contract wins and in February 16 contracts were won.
Analysts forecast ServicePower's revenue for the current year at around £13.3mln, so using the ClickSoftware acquisition multiple of 3.1 that implies a take-out price for ServicePower of £41.23mln; ServicePower's market cap is currently £6.0mln and it expects to end the year with net cash of £1.4mln.
Wednesday's Market news
Finals: HSS Hire Grp PLC (LON:HSS), ServicePower Technologies PLC (LON:SVR), Styles & Wood Group PLC (LON:STY).
Trading statements: Topps Tiles Plc (LON:TPT).
Economic: US – Crude oil inventories, FOMC meeting minutes.