Updates and Ideas

FreeAgent

January 2017

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.

I was at school with CEO Ed Molyneux who after Oxford University and the RAF was one of the trio to set up FreeAgent (FREE; 90p), which supplies an accounting system that enables micro SMEs (with fewer than five employees) and freelancers to produce their financial accounts and VAT returns. The software is now used by 52,000 users (1% of the market) and is sold under a Software as a Service (SaaS) model whereby the customer will access FreeAgent over the internet for a repeating annual fee of £10.50-£18 per month. Annualised sales (assuming each customer had been signed up for 12 months) has risen from £2.7m to £6.8m since 2013. It needs £11m to breakeven which it expects to achieve by end 2018. ...

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Lavendon

Aurum Mining

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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FreeAgent

January 2017

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