Updates

NSB

August 2007

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 issued a positive trading update. This stated that operatingprofit before share based payments for the first half to 30 June willbe not less than US$10m, up 9% on H106. However this is beforeamortisation of development costs leaving a clean comparison ofUS$10.1m versus US$8.5m in H106. Free cash flow in the period amountedto US$7.8m, leaving net cash of US$34.5m. Software licence wins in the period have been strong with orders up74%, although software revenues in H1 are likely to be flat as H106 hadbeen flattered by a US$2.6m licence from JC Penney and a greater numberof contracts completing in the period. Client services performed wellin the first half as a result of increased levels of activity and astrong order book. ...

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Hargreaves

Spice - Gain to date: 349%

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

NSB - Strong US software orders (October 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 Retail - Winning new US contracts (August 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

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