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Norkom

December 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.

  • Epic Code:
  • NORK
  • Price:
  • 105.5p
On one day during the month we spoke to directors of both Kewill (KWL; 90p) and Norkom, two software companies that have featured before in Sharewatch. You might think software comes in just a single flavour but as the performance of these companies demonstrates, this isn’t the case: Kewill has moved increasingly to supplying its software as a service (SAAS) whereby the customer will access it over the internet for a repeating annual fee. Norkom on the other hand sells the software on a perpetual licence basis (typically Eu0.6m-0.8m) but charges a small recurring maintenance income. The key point is that the recurring element of sales at Kewill has now grown to 62% of total income whereas that for Norkom, although up in the latest H1, ...

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Related Articles

Norkom - Gain in five months: 61% (February 2011)
Norkom - Reseller agreement with Mastercard (October 2010)
Norkom - Growth from anti money laundering (AML) and other fraud solutions (September 2010)

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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