Primary Recommendation

Statpro - High element of sales from application rental/SAAS

February 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.

Shares in StatPro, a supplier of portfolio analytics software for fund managers, have begun 2010 well, bubbling up to a 52-week high of 107p against a low of just 35p last March. The issue the company had faced at the time was not of its own making; the low was caused by the panic selling after the group's bank unexpectedly went bust. But StatPro used the panic to its advantage, buying the bank debt off the liquidators and simultaneously refinancing with RBS, making a £1.2m profit in the process.That is just one indication of the fleet-of-foot approach that the company's founder, Justin Wheatley, has in running his business. As he says, his competition tend to operate through a feckless process of “design by committee& ...

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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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