Updates

RCG Holdings - H1 significantly ahead of expectations

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.

The shares recovered from their lows after RCG announced that theresults for the first half to 30 June are running significantly aheadof market expectations. Both software and hardware sales havecontributed to the outperformance. Solution sales have been weakalthough this is the smallest part of the business. RCG said that grossmargins are also ahead although a lot of this has been absorbed by aramp up in the cost base. Although the interim results are reckoned to be around 30% ahead ofbroker expectations, RCG has prompted them now to raise full yearforecasts for the year, so it appears that some contracts may have beenbrought forward. For the full year, Investec is forecasting sales ofÂ£79.4m and a pretax profit of Â£24.1n. Eps o ...

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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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