Updates

Melorio - Moves into ICT sector with acquisition of Zenos

January 2009

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.

Interims to 30 September were overshadowed by acquisition activity; we reported on the smaller infill one of HB Group in October and last month we touched on the acquisition of Zenos, which is transformational for Melorio as it is effectively a reverse takeover. Since then we have spoken to chairman Adrian Carey who points out that in just one single move, the acquisition of Zenos, which operates in the computer training sector, means that 42% of turnover is now from non-construction related areas.Results themselves were excellent and there has been little evidence of any of the turmoil in construction affecting levels of business and the number of learners. As subscribers will already be familiar with, the vocational learning mar ...

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Mears

Photo-Me - Debts reduce

Melorio (June 2010)

Melorio (December 2009)

Melorio - Zenos sees better than expected enrolment in poor jobs market (October 2009)

Melorio (June 2009)

Melorio - 'Trading ahead of expectation' (April 2009)

Melorio - Continued strong demand (March 2009)

Melorio (December 2008)

Melorio (October 2008)

Melorio - Forecasts lifted again (April 2008)

Melorio (February 2008)

Melorio - Construction training remaining buoyant (January 2008)

Melorio - Consolidator in vocational training (November 2007)

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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