Ideagen – 20.875p

22 April 2013 – contract wins and trading update

The software and IT group Ideagen has announced that it has won over £500k of new contracts in the aerospace and defence sector including some work for the Ministry of Defence.  The group has also issued a bullish trading statement confirming another year of strong growth in the twelve months to 30 April with adjusted EBITDA expected to be 50% ahead of last year.  Recent share price weakness provides investors with an opportunity to BUY.

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