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EMIS

April 2021

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.

  • Epic Code:
  • EMIS
  • Price:
  • 1100p
EMIS has been a longstanding hold for GP3 - solid enough but as yet no cigar. Latest full year results show flattish sales, pretax profit and eps at £159.5m, £39.5m and 51p, respectively. Net cash has ballooned by £21.9m to £53m or 84p a share (albeit flattered by £7.3m from deferred VAT).Much of the statement is what you expect to see - EMIS is maintaining huge market shares amongst GPs, pharmacies and social care for its mission critical systems, and recurring revenue has also inched up to £130m or 82% of sales. The Health side saw a once off boost of additional hardware sales of c£4-£5m as GPs enhanced their capability for home working but set against that there was a dearth of the “non recurring” project work it might usually h ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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