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Transport Tech Stocks: Tracsis Leads Innovation

Financial Times Companies •
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Tracsis continues expanding its transport technology footprint after acquiring German digital ticketing firm Vesputi GmbH for €4.7mn. The company saw adjusted cash profits rise by nearly a third to £5mn, with recurring software licence revenue increasing 4% to £10.4mn. Despite these solid results, shares trade 48% below consensus targets, making it a speculative buy.

Keystone Law Group accelerated its progressive dividend policy, raising the final payout by 23% to 17.2p. Revenue per principal climbed 10.3% to £243,000, with management emphasizing the continued importance of human elements alongside AI efficiencies. Analysts forecast cash profits of £14.3mn for the current year, with the stock trading at 14 times earnings.

Card Factory responded to declining profits with a £15mn share buyback after operating profit fell by 25% to £59.4mn. The FTSE 250 retailer faces pressure from UK high street challenges and cautious outlook due to potential input cost increases. At 5.7 times forward earnings, the valuation appears cheap, though the company struggles against online competitors like Moonpig.