Huge Contract For AXON

here's what the telegraph said back on September..........


09/11



Axon

Axon sells software created by the German company SAP to businesses, installs and then supports it. The company has consistently beaten analysts forecasts and its interim results due on Tuesday will be no exception.

Management already signalled at the end of July that it would beat expectations and report profit before tax of "at least" £8m on revenues of "at least" £60m. Chairman and chief executive Mark Hunter adds: "Subject to the expansion of a number of customer contracts, we may be in a position to report further positive progress."

Axon management has a tendency to be over cautious so the omens look good.

The company itself is solid, with a good team of consultants. It made key acquisitions in the US, and its business there is over twice the size of the acquisitions it made over the past year.

Axon's success is reliant on SAP but that is no great worry as Germany's most profitable company shows no sign of faltering any time soon.

The stock has a big private investor following and the price tends to rally ahead of the results, only to fall when management say they have beaten forecasts yet again as short-term investors take profits. It would be wise to wait until a weakness in the share price after Tuesday's results before buying. With that in mind this is definitely a "Buy" in a few weeks time.


Here's what they said on Saturday.............



The small-caps offered a less consistent performance but those that shone, shone brightly.

Software and services company Axon has had a fantastic run. Tipped in September at just 418p the shares are now worth over 600p and rising – a 44pc increase in just three months. The Surrey-based firm consistently beats market expectations and has made some sensible acquisitions over the course of the year that should maintain momentum going forward.



nice...................

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