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RWS

January 2016

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:
  • RWS
  • Price:
  • 209p
Since our last update, RWS has gone into orbit, boosted by the US$70m acquisition of Corporate Translations, a life sciences translation business.Based in Connecticut, CT is a leader in complex translations for the world's top pharmaceuticals and biotechs. These customers place a premium on work being delivered to tight deadlines, which underpins the high margins (over 20% ebitda in FY 2015). Life sciences translations is also a growing sector – the US National Institute of Health reports that the number of clinical studies doubled between 2010 and 2015 (figures up to October alone - 201,149).For the current year CT is expected to report a minimum profit of $7m on sales of $23m, although 2015 has seen a rebound in w ...

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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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