Good morning! The dreaded lurgy is in full retreat now, as I decided on kill or cure yesterday, finally pulled up my roots from friend's sofa, and cycled from Islington to Victoria, and jumped on a train back to Hove. The diesel fumes through Piccadilly Circus behind a German coach must have done the trick, as almost back to normal today! Anyway let's crack on.

Quindell (LON:QPP) have announced that they are still working on their detailed rebuttal statement of the "Gotham City" dossier, so that should make an interesting read later today. Please don't ask me anything about Quindell in the comments section, as I am barred from giving an opinion here on any share where I hold a short position.

EDIT: for anyone interested, here is the link to the QPP rebuttal statement that has just been issued lunchtime today.

 

 

 

 

Harvey Nash (LON:HVN)

This is a Fully Listed recruitment group, with a market cap of £88m at 120p per share.

Preliminary results for the year ended 31 Jan 2014 have been issued this morning, and look OK, although there's not much in the figures to get the pulse racing. Adjusted operating profit is only up 3% to £9.7m, and adjusted profit before tax up 4%. Given the strength of the UK economic recovery, I would have expected more. Although I note that the largest region for this group is mainland Europe, so that could expain why, as operating profit actually fell 4% in that region, masking a 17% operating profit gain in the smaller UK division.

However, the outlook statement is a bit more interesting, pointing towards further recovery in market conditions;

 

The momentum generated in the second half of the year under review has continued into the new financial year. The Board is encouraged by the improving market conditions and is, therefore, confident that the Group is in a strong position to make further progress in the year ending 31 January 2015.

 

It seems to be a very low margin business, so I'm not sure whether sales growth will feed through into much profit growth, unless they are able to increase profit margins somehow. On…

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