TechMARK movers: Kewill seeks acquisitions

25th Jan 2010 15:09

Logistics software provider Kewill says that sales and trading are in line with expectationa and it is looking for acquisition. Kewill is still winning new business and sales cycles remain stable. Cash generation is still strong. Kewill raised £7.2m after expenses in November 2009. This cash will be used to help finance acquisitions. Kewill is looking for acquisitions in its core areas of compliance, logistics and reverse logistics. Organic growth is expected to be slower than the sector average. Charles Stanley has increased its target price to from 80p a share to 100p a share but that just brings it more into line with the current share price. Elsewhere, telecoms equipment supplier Spirent Communications and chip maker CSR were both upgraded to buy by UBS. FTSE TechMARK - RisersXaar (XAR) 88.00p +7.32%Domino Printing (DNO) 343.00p +4.45%Kewill (KWL) 104.00p +4.00%CSR (CSR) 437.60p +3.80%E2V Technologies (E2V) 57.50p +3.60%Spirent Communications (SPT) 108.70p +3.52%Triad Group (TRD) 32.50p +3.08%SDL International (SDL) 455.50p +2.36%Innovation Group (TIG) 13.00p +1.96%CML Microsystems (CML) 32.50p +1.56%FTSE TechMARK - FallersArk Therapeutics (AKT) 15.00p -6.25%Corin Group (CRG) 59.00p -4.07%Vernalis (VER) 80.50p -3.88%Anite Group (AIE) 31.75p -3.05%RM Group (RM.) 175.00p -2.78%GB Group (GBG) 21.00p -2.33%Psion (PON) 91.75p -2.13%NCC Group (NCC) 410.00p -1.91%NXT (NTX) 14.50p -1.69%Antisoma (ASM) 32.50p -1.52%