Updates

Tikit - Carpe Diem could exceed forecast

April 2011

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 downturn of the past two years has seen Tikit cut costs across the board but it has also encouraged management to take a critical look at its own business elements, withdrawing from some areas that weren't contributing much of a return and investing in areas with potential for faster returns such as owned software and managed services. The second half of 2010 saw this strategy start to pay off with reported sales up 7% to Â£26.9m and pretax profit up by 25% to Â£3.5m. Adjusted eps was up 28% to 19.6p. Net cash went up from Â£1.6m to Â£2.9m, despite spending Â£1.3m on two acquisitions and Â£0.9m on dividends. Chairman Mike McGoun says that the key shift has been to move towards generating more of Tikit's income from owned-softw ...

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Photo-Me - Back to barely 3x cash earnings

Growth Portfolio 2 - April '11

Tikit - Recommended bid from BT at 416p (December 2012)

Tikit (August 2012)

Tikit (October 2011)

Tikit - Higher proportion of owned software (August 2011)

Tikit - Profits and margins running ahead of expectations (May 2011)

Tikit (October 2010)

Tikit (August 2010)

Tikit (May 2010)

Tikit - Charles Stanley forecast all time record profit next year after cost cuts (April 2010)

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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