26 October 2011 – trading update and acquisition

A reasonable trading statement from the group combined with news that the company intends to maintain its current dividend policy should underpin the share price at current levels.  Although long term prospects remain sound the group expects the challenging trading conditions to continue and so there is unlikely to be much short term excitement in the shares.  The group has also announced a small acquisition, buying Lookout Solutions for an undisclosed sum.  This will be integrated with The group’s Visnet subsidiary.  At the moment the shares remain a HOLD.