Updates

SQS

December 2013

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.

The shares have surged after SQS said it was buying majority control (52.9%) of Thinksoft, a publically-listed business in India, from its owners and via a public tender offer for up to Euro 17.5m. Thinksoft is a software testing business and focuses on the banking, financial services and insurance sectors. It has 713 delivery consultants across three testing centres (two in Chennai and one in Mumbai). In a single move it doubles SQS' Indian delivery capability, bolsters its presence in financial services, adds to its US presence and adds capabilities in a number of new territories in Asia and the Middle East.Thinksoft had a pretax profit of Eu3.1m on Eu19.1m revenue in the year to 31 March so the deal is immediately e ...

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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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