Updates

NSB - Profit 20% ahead of expectations

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.

NSB has announced that thanks to a strong improvement in its North American business, the first half profits will now be 20% ahead of expectations at £2m. Net cash at the period end is expected to be £8.4m, following the sale of the UK business to BT in January.After the spending freeze which affected sales of new software systems, NSB has recently announced a string of new deals for Connected Retailer. This includes two announced this month; a deal worth US$1.5m with Adidas and another worth US$7.5m over five years with Canadian store Reitmans. The others it has won during the first half include Gamestop, MGM Mirage, Casual Male Retail Group, Donna Karan and Wynn Resorts.The broker notes that due to conservativ ...

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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.

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