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Listed on AIM (ticker: ASW) as Advanced Computer Software Group plc, the company is a leading provider of patient management software solutions for the healthcare sector and back office solutions for businesses and organisations in both the public and commercial sectors. The Group has an annual turnover of £95m with 870 staff based in seven regional offices serving approximately 7,000 customers within the UK.
Originally established to consolidate the fragmented primary care software market, the Group now comprises three divisions addressing the needs of both public and private sector organisations. The Health and Care division sells a range of products to the NHS and private sector including patient workflow and case management for social care providers, mobile applications for care in the community and rostering applications for social care settings. The Business Solutions division provides accounting, payroll, HR and document management solutions to local authorities, health organisations and a range of companies across the commercial sector.
Underpinning both divisions, the Group’s 365 Managed Services division supports the Group’s software portfolio in addition to providing managed services to a wide range of customers. By means of this common technology platform the Group is able to offer solutions in a variety of ways to best suit customers’ business needs including the provision of hosted cloud-based solutions such as Software as a Service (SaaS) which can be delivered as a fully managed service with software hosted either in the Group’s own data centres or on the customer’s own premises.
Vin Murria, CEO at Advanced Computer Software (LON:ASW), tells Proactive Investors that on a multiple of 8 times earnings, shares represent good value to the sector which is on around 16 times. Vin also says the "huge amounts of cash" the company is generating means that when the outstanding debt is paid down next year the company will look at paying a dividend.
Advanced Computer Software Group plc published its half year results for the six months ended 31 August 2011 on Monday, 14 November 2011.
Advanced Computer Software Group plc published its full year results for the 12 months ended 28 February 2011 on Monday, 13 June 2011.
The 2011 Annual General Meeting of Advanced Computer Software Group plc was held on 19 August 2011 at 10.00am at Munro House, Portsmouth Road, Cobham, Surrey KT11 1TF. Download full details.
Number of shares in issue: 356,158,078
As at 31 December 2011, the number of shares “not in public hands”, as defined in the AIM Rules,is 40%
| Name | % |
| M+G Investment Management | 17.79% |
| Marwyn Investment Management LLP | 11.75% |
| Blackrock Investment Management | 10.43% |
| Vin Murria | 10.12% |
| Hargreave Hale | 4.04% |
| Fidelity Investments | 3.83% |
| Royal London Asset Management | 3.60% |
| Mr Nick Gerard | 3.37% |
| Majedie Asset Management | 3.13% |
