Updates

Advanced Computer Software - 140p bid from Vista; gain 724%

December 2014

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.

It is incredible that chief executive Vin Murria has been sitting on her hands since the sizeable acquisition of CSH in March 2013. Anyone who knows Murria will know she is hardly one to keep still and she cites the reason that asset prices are too high. If that is the case we’re surprised she isn’t selling the business as her cycle timing has always been impeccable (how about calling HG Capital which bought rival Allocate Software last month? - Editor).Therefore with the absence of any big deal, latest interims were solid but not exciting. Sales were ahead 9% to £108.1m (4% organic) and adjusted pretax profit was £22.2m, for eps ahead 6% to 3.6p. Probably the most exciting bit is that net debt reduced ...

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Renew Holdings - Ultimate bit of refocusing with disposal of Allenbuild

Energy Assets

Advanced Computer Software - Gain since tip at 17p: 591% (July 2014)

Advanced Computer Software (May 2014)

Advanced Computer Software (August 2013)

Advanced Computer Software - Buys Computer Software for Â£110m (April 2013)

Advanced Computer Software (January 2013)

Advanced Computer Software (October 2012)

Advanced Computer Software - 200% increase in iNurse/iConnect orders (July 2012)

Advanced Computer Software (June 2012)

Advanced Computer Software - Net debt under Â£1m versus Â£25m six months ago (April 2012)

Advanced Computer Software - Solid results drive ASW higher (December 2011)

Advanced Computer Software - Sale of non core police unit pares debt (October 2011)

Advanced Computer Software - Solid results drive ASW higher (September 2011)

Advanced Computer Software - Grown with its valuation (April 2011)

Advanced Computer Software (November 2010)

Advanced Computer Software (July 2010)

Advanced Computer Software (May 2010)

Advanced Computer Software -Murria funds £100m acquisition using large dollop of debt (April 2010)

Advanced Computer Software - Murria and Jackson at it again (September 2008)

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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