Updates

Innovation

January 2015

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.

TIG has completed the long awaited acquisition of EMaC, one of the UK’s motor service plan specialists, for £36m upfront with another £10m based on future performance. We had flagged up an entry into this space back in the June issue.Founded in 2004, EMaC administers car dealer and manufacturer service plans and counts on behalf of several motor manufacturers and car dealership brands. It opens up an attractive adjacent market for TIG and will provide a platform on which to build a motor service and warranty business. In the year to 31 December, the business is expected to make a £3.5m operating profit and is therefore eps enhancing from day one.Separately TIG also reported full year results. The core ...

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Innovation (October 2015)

Innovation (May 2015)

Innovation (September 2014)

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

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)

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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