Updates

Statpro

August 2010

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.

Ahead of interims on 4 August, Statpro has issued a trading statement that said H1 performance was in line with expectations. The keynote has been some early interest in Revolution with one major global custodian bank signing an initial contract to perform integration tests with a view to offering the product to its own clients. In terms of legacy business, however, management noted some slowdown in the rate of new sales, especially for data services. At the same time, Statpro also said it is increasing its investment in Revolution from Â£1.3m to Â£2m. After a recent Â£1m share buyback programme, net debt stands at Â£6.3m and should be paid down quickly going forward. Reflecting the increased investment in Revolution ...

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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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