Updates

SQS

April 2014

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.

SQS has reported its results for the year with sales up 7% to Eu225.8m. Adjusted pretax profit lifted a third to Eu 12.4m for eps of 30 cents. The results mask a changing mix in sales as SQS continues to grow the managed services side of its business. That activity grew by 24% to Eu 91.1m and is the most profitable business segment (34% gross margin) accounting for 41% of total revenue. The level of managed services order intake was also impressive, at some Eu 112m, up by over 10% and representing a book-to-bill ratio of over 1.2:1. But SQSâ€™ offshore capability has become even larger following the recent acquisition of Thinksoft, which has added a further 713 fee earners. Chief executive Diedrick Vos says that it was a t ...

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Parity - Director buys shares

Tribal - Higher margin software sales climb

SQS (January 2018)

SQS (October 2016)

SQS (May 2016)

SQS - 11th year of growth ahead despite some pains (October 2015)

SQS - Quadruples US presence with acquisition (July 2015)

SQS - Plans to make USâ€ˆacquisitions (April 2015)

SQS (December 2013)

SQS - Benefits from rupee depreciation (October 2013)

SQS - Managed services now 34% of work (April 2013)

SQS - Soggy statement creates a buy opportunity (February 2013)

SQS (December 2012)

SQS (July 2012)

SQS - Last remaining independent software testing business on a prospective PE of 9.7 (April 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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SQS