Updates

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.

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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CSF Group - 3 month delay to letting CX5 but otherwise on track

Shaft Sinkers

Innovation (October 2015)

Innovation (May 2015)

Innovation (January 2015)

Innovation (September 2014)

Innovation - LAS moves iy into huge "wet" perils market (June 2014)

Innovation (September 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)

Innovation - New customer wins (February 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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