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Vin Murria's Advanced Computer Software buys again - good deal?

Tom Winnifrith Monday 10 December 2012

 

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AIM-listed healthcare and business management software and services provider, Advanced Computer Software (LSE ASW) has today announced a continuation of its buy-and-build strategy with an agreement to acquire Serco Learning, a leading UK education software provider, for £7.25 million in cash. This follows Advanced’s shares closing at an all-time high of 67.5p on Friday – capitalising the company at just over £251 million. The share price compares to 34p when I recommended the shares in September 2010 on t1ps, the website I founded in 2000 but departed in September. The following reviews today’s announcement from Advanced and the investment proposition at current share price levels…

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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