Less is more – but more is better!
The Blog spot for the speculative investor
Monday, 24 October 2011
Interim Ex-Dividend Date - Wednesday 26 October 2011
A number of decent Interim Ex-Dividend this coming Wednesday - Harvey Nash looks an interesting prospect.
The recruitment consultancy Harvey Nash (LON:HVN) reached a five year high of 93p in June but market volatility has since wiped 30p off the price. The global financial crisis caused a one-year blip at Harvey Nash, with its performance in the 12 months to January 2010 unsettling an otherwise impressive five year run. A return to form during 2010 helped the figures bounce back strongly and the share price responded accordingly during the first half of 2011. As a result, it hit all nine criteria on Piotroski’s screen. The company has a book value of £60.9 million against a market cap of £45.6 million. With indications that Harvey Nash is continuing to find its stride, the share price slump will be a source of frustration to CEO, Albert Ellis but perhaps an opportunity for investors.