In this issue... our share tips for July 2024, the latest on our Aggressive Portfolio IX, plus company features and market insight.
Buying on-line?
Shares in Journeo have been very strong performers over the last three and a half years as the company has expanded significantly through both organic growth and acquisition. In 2020, the group generated revenues of just £13.6m on which it reported underlying pre-tax profits of just £0.5m. Last year, the company produced revenues of £46.1m and underlying pre-tax profit had risen to £4.3m. These figures reflect the substantial growth that has taken place over the last three years or so and this growth has seen the share price rise accordingly from around 50p. The company has just announced two more contracts worth a total of £3m and this underpins the forecasts for the current year as well as providing some visibility into 2025. The share price has fallen back from around 295p in January and we believe that this represents an opportunity for investors to buy.
Journeo is a provider of information systems and technical services to the transport industry and local authorities. The company works extensively with local authorities, Network Rail and…
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