Shares digital

Shareholders in Business Systems Group (BSG:AIM) got a welcome boost this week when the IT solutions expert announced the arrival of industry heavy hitter Vin Murria as non-executive chairman.

City-based Business Systems’ shares rose 4% to 12.25p, just below their 13p,

12-month high, on news of Murria’s arrival. November’s encouraging interims will give her a base from which to work as the company got back into the black, despite a slight drop in sales, while a net cash pile of £7.1 million amply supports a market cap of just £9.4 million.

Murria has more than 20 years’ experience of the IT industry, having worked for both private equity and publicly-listed firms. Her most recent success was as chief executive of Computer Software Group, where some 13 acquisitions supplemented good organic growth between 2003 and 2006. During this time the firm’s share price rose from 40p to 150p, culminating in a £100 million bid from the private equity firm HgCapital.

Shares says: Now worth a look.

by: Russ Mould