Updates

Innovation - New customer wins

February 2009

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Innovation has announced that Q1 saw strong growth with both sales and adjusted profit up significantly on last year. Revenues were up 24% (17.5% organically). Net cash at the period end was Â£6m.Due to the economic conditions the outsourced claims management unit, which settles motor claims, saw decreased volumes but this was more than offset by better performance in other divisions. New customer wins and the pipeline have remained strong as the uncertain global economy has increased demand for Innovation's services as customers look for rapid solutions to drive down costs. Full year results are expected to be in line with expectations.The only fly in the ointment remains the litigation over customised policy managem ...

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Kentz

Eaga

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Innovation (May 2015)

Innovation (January 2015)

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Innovation (September 2012)

Innovation (January 2012)

Innovation - New contract wins (November 2011)

Innovation (September 2011)

Innovation Group - Targeting building claims alongside core motor claims business (June 2011)

Innovation Group (May 2011)

Innovation Group (January 2011)

Innovation (September 2010)

Innovation (March 2010)

Innovation Group - Â£21m fundraising at 10p (January 2010)

Innovation (September 2009)

Innovation (June 2009)

Innovation - Two contracts worth Â£4m (May 2009)

Innovation Group - In play (April 2009)

Innovation Group - Q1 sales +17.5% (organic) (March 2009)

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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