Updates

IndigoVision

April 2012

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.

In the light of IndigoVisionâ€™s interims, N+1 Brewin has lifted its full year eps forecast by 20% to 25.8p and for next year by 27% to 32.4p. Results for the half year to 31 January were in line. The standout new information on what was said last month in our main write up is that net cash, helped by a Â£1m reduction in stock, has ballooned to Â£7.2m. That is up 43% year-on-year and represents 96p per share. Although H1 sales were down 4% year-on-year at Â£14.5m, they went up by 4% sequentially. But, as anticipated, it was a higher gross margin (60%) bolstered by lower overheads (down 4%) that helped Indigo deliver a record H1 pretax profit of Â£1.6m, up Â£0.2m year on year. Eps went up 19% to 15.6p. &nbs ...

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Quindell - Expects "significant contract wins"

Advanced Computer Software - Net debt under Â£1m versus Â£25m six months ago

IndigoVision - Excluding cash, prospective PE is 4 (September 2016)

Indigovision (October 2014)

Indigovision - Order intake is strong (April 2014)

Indigovision (September 2013)

Indigo vision (December 2012)

Indigo Vision - 70p a share special dividend (October 2012)

Indigo Vision - N+1 Brewin lift forecast to 32.4p (August 2012)

IndigoVision - IP-based security firm to record best ever H1 (March 2012)

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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