Updates

nCipher - Aims to double sales in 3 years

April 2008

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.

The good news for nCipher is that alongside 2007 results, the company reported that it is seeing a jump-off in demand for its encryption and key management, with the market growing more rapidly than had been previously expected. The bad news, however, is that nCipher now plans significant investment in sales and marketing, development infrastructure and product development (chiefly for its keyAuthority product) in order to avail of that opportunity. This step-up in central costs is estimated to amount to Â£2.75m but it is anticipated that whilst it will result in a reduced profit this year, it will enable nCipher to double its revenues - entirely organically - within the next three years. For FY07, nCipher reported record revenues ...

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Scott Wilson - Less than 5% of sales from commercial property sector

AssetCo

nCipher - 300p a share bid (August 2008)

nCipher (May 2008)

nCipher - Online boom creates new demand (February 2008)

nCipher (March 2006)

NCipher - Database security being addressed by cryptography (June 2005)

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.

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