Since I recommended Linedata to my newsletter subscribers in August 2010 its share price is up 52.7% (58.1% including dividends).
Remarkable is that the company is still very undervalued.
At the current share price of ?14.4 the company is valued as follows:
- 9.9 times 2011 earnings
- 8.5 times 2011 free cash flow
- 6 times enterprise value to 2011 EBIT
The share price jumped just more than 20% recently when the company announced a tender offer to buy back 25.7% of its share capital at a price of ?16 per share.
Interesting is that the founder and CEO Anvaraly Jiva is not planning on tendering any his shares and will own just over 38% of the company once the tendered shares have been cancelled.
You can find out more about the company here:
Linedata investor relations
Linedata December 2011 year end results
As always, please do your own research and remember past performance is no guarantee of future results. Like you I also don’t know what could happen in future.
