Primary Recommendation

NSB Retail - Winning new US contracts

August 2005

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.

Last month NSB, a supplier of computer software and services to fashion retailers and department stores, announced three significant contract wins although the reaction by investors was surprisingly muted. Fund managers might have stood up and taken immediate notice if the names were familiar UK-ones but they don't appear to appreciate that the US is a massive market and these are large deployments; an earlier contract with J C Penny, a retailer with 1,000 stores and 40 tills in each store, is the most extreme example of the size of contracts in North America. Neither do we think that investors fully appreciate that the sharply improved profitability seen by US retailers, unlike the poor retail climate in the UK, is encouraging them to s ...

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

Subscribe now

Already a subscriber? Login

Market Comment

Augean - Hazardous landfill operator benefots from new legislation

NSB - Surges on bid approach, ten-bagger since original tip (January 2008)

NSB - Strong US software orders (October 2007)

NSB (August 2007)

NSB (February 2007)

NSB (August 2006)

NSB - Strong growth in software licences (April 2006)

NSB Retail - Trading update (February 2006)

NSB - Prospective PE of under 10 (October 2005)

NSB - Forecasts upgraded following Q1 statement (June 2005)

NSB Retail - Steady flow of orders in January and February (April 2005)

NSB - Profit 20% ahead of expectations (August 2004)

NSB - Focus firmly on the US (April 2002)

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