WMS WINS BIG CONTRACT

A number of contracts have been won recently, and this is the biggest of the lot. After cutting costs, recurring revenues are enough to break even so all new contracts are adding to profits. The shares are looking very cheap on a forward pe of about 6, and forecasts could get upgraded at the rate that their winning contracts. Results just announced were poor but they are out of the way now and WMS definitely seem to have turned the corner.

LONDON (AFX) - Wealth Management Software PLC said Personal Pension
Management Ltd (PPML) has ordered its LISA wealth management system in a deal
worth approximately 1.7 mln stg including a licence valued at 500,000.
PPML is a unit of Credit Suisse and is a UK administration company for
self-invested personal pensions (SIPPs) and clients include JP Morgan, Scottish
Equitable, Scottish Widows, Winterthur and "several others".
Wealth Management said it has now booked a total of six orders for its LISA
products this financial year.
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