image

The best stocks to buy since 1993

Latest issue now available

Ingenta

August 2004

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.

Ingenta has missed on its expectation of reporting a profit at the interim stage to 31 March. Sales were lower than expected at £3.6m compared to £4.6m in H1 last year (£0.2m due to a translation loss from the weaker US$). Pretax loss was £0.7m. But Ingenta has now changed its accounting policy to capitalise software development expenditure rather than writing it off as incurred and adding back this £0.4m capitalised amount, losses were £1.1m  - a long mile from breakeven. We don't think this is best practice.Following the £3m placing at 12p in February and a £0.4m tax credit, cash at the end of March was £1.5m. Since these results, Ingenta has raised a further £0.5m ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

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

LIMITED PERIOD OFFER!

SUBSCRIBE TODAY AND SAVE £30 WITH OFFER CODE 30OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe