Updates

XKO - Teather initiate coverage with 148p target

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.

XKO has announced its results covering the six months to 30 September. As expected, sales were down sharply reflecting the fact that the legacy hardware reseller business was sold just prior to the start of the period and that the major acquisition which replaced it, UBM, was consolidated for only one month. As it was, H1 sales were £11.6m, pretax profit was £1.6m and eps was 4.6p. The old residual ERP business, therefore, accounted for most of the revenues. The primary focus is accounting software for the builders’ merchants and wholesale distribution markets. XKO currently has two main products, X3 and Xeres, which have substantial installed bases and generate high levels of repeat revenue. These are being repl ...

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

Subscribe now

Already a subscriber? Login

March Networks - Breaks through Â£10

Spice Group - Infil water acquisition

XKO - Sells its ERP division for Â£15m (November 2006)

XKO (July 2006)

XKO - Comfortable with forecasts (March 2006)

XKO (January 2006)

XKO - Results expected 15 November (November 2005)

XKO - One of a kind - recovery audit business (October 2005)

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