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Tech in focus: Instem, Alfa Financial Software and Attraqt

Proactive analyst Richard Jeans takes a look at the UK tech industry and picks three stocks he has been watching this week.

Jeans firstly focuses on Instem (LON:INS) which is a software business servicing the global life sciences market, which recently reported a 12% organic growth rate for the first half.

Jeans then moves on to Alfa Financial Software (LON:ALFA) which provides mission-critical software for the asset finance industry, and he believes is in a 'turnaround mode'.

Thirdly, Attraqt (LON:ATQT) provides SaaS solutions for online shopping and Jeans says there is a tremendous opportunity for this business given the massive acceleration in online sales following COVID-19.

Quick facts: Instem PLC

Price: 465 GBX

AIM:INS
Market: AIM
Market Cap: £95.24 m
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Instem PLC's (LON:INS) Phil Reason tells Proactive London's Andrew Scott he's pleased with its first-half trading. He says the number's were in line with forecasts and momentum has continued into the second half. Revenues for the six months ended June 30, 2020, were up 20%, or 12% on a...

on 22/7/20

2 min read