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March Networks - Breaks through £10

December 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.

  • Epic Code:
  • MNW
  • Price:
  • 1285p
The shares rocketed past £10 and a new high after March reported results for Q2 which were significantly better than expected. Driven by key account wins in North America in its main verticals of banks, retailers and transportation, sales for Q2 were C$19.8m, compared with C$11.1m in the same quarter last year and C$14.9m in the previous quarter. Q2 profit was C$5.1m (earnings per share of 30 cents) compared to forecasts of C$3m.Evolution has upgraded to 86.1 cents (41.6p) for the year to 30 April with 97 cents (46.9p) next year.  Keep holding. ...

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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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