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Innovation

January 2012

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:
  • TIG
  • Price:
  • 20p
Results were broadly in line with forecasts when Sharewatch profiled the shares last June.  For the year to 30 September, revenues were up 7% to £175.9m but helped by previous cost actions pretax profit went up 51% to £15.1m. Eps were 1p. As we have pointed out before, motor claims processing is TIG’s mainstay and it oversees the accident repair and replacement of damaged vehicles, acting as an interface between an insurer and a vehicle repair centre. TIG makes its money by earning an agreed percentage of the claim and this business alongside a smaller one in managing building claims accounted for 87% of sales (most of which is recurring in nature), with the remainder from its traditional roots as a software ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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