Updates

Melorio

December 2009

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.

Melorio has announced excellent H1 results with sales up 182% to Â£26.2m, adjusted pretax profit up 68% to Â£5.27m and eps up 35% to 9.3p. Two thirds of the growth was organic growth with the remainder accounted for by the acquisition of Zenos. Net debt at the period end was Â£12m.Zenos, which operates in the IT sector, has been integrated with great success, with the business still on track to deliver an operating profit of Â£6m for the year to March 2010. A further six new IT academies are now open, bringing the total number to 23 and it continued to see strong growth and high student pass rates.It has offset most of the pressure felt on the construction and logistics side. Re-echoing what we said in our EDI article, Melo ...

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Photo-Me - Moves to net cash position

West China Cement - PMHL's sale highlights undervaluation

Melorio (June 2010)

Melorio - Zenos sees better than expected enrolment in poor jobs market (October 2009)

Melorio (June 2009)

Melorio - 'Trading ahead of expectation' (April 2009)

Melorio - Continued strong demand (March 2009)

Melorio - Moves into ICT sector with acquisition of Zenos (January 2009)

Melorio (December 2008)

Melorio (October 2008)

Melorio - Forecasts lifted again (April 2008)

Melorio (February 2008)

Melorio - Construction training remaining buoyant (January 2008)

Melorio - Consolidator in vocational training (November 2007)

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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