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Phoenix IT

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.

  • Epic Code:
  • PNX
  • Price:
  • 134p
Shares in Phoenix IT (PNX; 134p) stand within a couple of pence of their recent highs but a third of the £3 achieved in 2005 shortly after float. The company’s mainstay is its business continuity service. It’s the ‘old’ ICM business, which was quoted until 2007 when it was bought by Phoenix and operates data and mobile centres across the country, so in the event of a power failure or fire, customers can turn up and operate from one of its locations. Many customers are in financial services and Phoenix puts in place duplicate server infrastructure, storage, etc which enables them to be back up and running within hours, for instance for running dealing desks. Sites are either dedicated or syndicated amongst a ...

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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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