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Primary Recommendation

SSP Holdings - High quality repeat business

April 2007

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SSPH
  • Price:
  • 122p
Following this month's agreed bid from venture capitalists for Computer Software Group (CSW; 150p), a software company supplying business critical systems, we decided to look for other similarly attractive businesses with large customer bases producing recurring and highly visible revenue streams. One fitting the bill very nicely is SSP, which over the past four years, since its management bought the business back from a conglomerate, has doubled its sales and grown profit three-fold from its mainstay of supplying systems for the general insurance industry. The revenue model is recurring in nature with 75% of annual sales recurring the following year as SSP generally issues licences with minimum terms of 3-5 years. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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