Updates

SQS

January 2018

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.

SQS has received a knockout cash bid from Assystem Tech at a massive 290p or 56% premium to the prevailing price. The offer, worth 825p a share, values the business at £281.3m. The shares had been a bit soft during the summer after a slightly weak H1 due to some contract losses but a stronger H2 was expected. On the basis of Numis’ eps forecast of Eu49.9 cents for the current year with Eu53 cents next year, it looks a very attractive offer on a PE of 18.6 dropping to 17.5. We profiled the shares at 202.5p in April ‘12 and the bid locks in a 302% gain. Accept the offer. ...

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Future

Kainos

SQS (October 2016)

SQS (May 2016)

SQS - 11th year of growth ahead despite some pains (October 2015)

SQS - Quadruples US presence with acquisition (July 2015)

SQS - Plans to make USâ€ˆacquisitions (April 2015)

SQS (April 2014)

SQS (December 2013)

SQS - Benefits from rupee depreciation (October 2013)

SQS - Managed services now 34% of work (April 2013)

SQS - Soggy statement creates a buy opportunity (February 2013)

SQS (December 2012)

SQS (July 2012)

SQS - Last remaining independent software testing business on a prospective PE of 9.7 (April 2012)

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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SQS