Shares digital

Velti (VEL:AIM) – Finals PTP: €4.5m (€2.7m) Divi: n/a (n/a)

A focus on advertising over the internet, geographic expansion and strong repeat business from existing customers gives means the mobile phone and software services provider looks well positioned to deliver strong growth once more in 2008.

Pre-tax income grew 64% last year, despite heavy investment in new offices in San Francisco and Moscow, version 4.0 of the Mobile Marketing Platform (MMP) and the creation of Ansible, a joint-venture with Interpublic (IPG:NYSE), one of the world’s leading advertising and marketing firms.

The Greek company’s shares held firm at 165p, below the 228p at which management sold £1.5 million of stock last July and the 210p at which it raised £7.5 million in October, but well above May 2006’s 100p flotation price.

Shares says: Cheap on a prospective PE of barely nine for 2008, even if rival WIN (WNN:AIM) is cheaper still.

by: Russ Mould