Updates

Servicepower

April 2009

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 market has largely ignored Servicepowerâ€™s latest results, mainly because the tech sector is out of favour. Overall revenues for 2008 were up 11% to Â£15.6m and profit before tax was Â£0.6m after a foreign exchange gain of Â£3.1m. Excluding this and a restructuring charge of Â£0.9m, the loss was Â£2.1m. Obviously not very pretty but much of what went on in 2008 is ancient history.New Chief executive Mark Duffin has taken considerable remedial action including chopping the legs of the two founders who have now left. Their legacy bloated cost base has been addressed with four US offices now one and one of two call centres closed. Overall headcount has been chopped from c.200 to 110. In addition, the business was totally lacking ...

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BATM

Low & Bonar

Servicepower (November 2009)

Servicepower (September 2009)

ServicePower - New high for the shares (March 2008)

ServicePower - Three more contract wins (October 2007)

ServicePower (September 2007)

Servicepower - Positive AGM statement (July 2007)

Servicepower - Fast growing outsourcing activity (June 2007)

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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