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MSB - Enters finance and accounting market

July 2002

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:
  • MSB
The shares weakened again following an update on  trading at the AGM. This reported that conditions in the IT contractor market are still challenging. MSB is again taking action to reduce headcount. At the same time, it announced an intention to enter the market for finance and accounting personnel, reducing its dependency on the IT market. Beeson Gregory forecast a loss in the first half butexpect an up-tick in contractor numbers later in the year. Eps isforecast at 3.8p doubling to 8.9p next year. Resolutionsput forward by former chief executive, Peter Flaherty, to replace thechief executive were rejected. Given that Flaherty retains a 16.3%interest it could now put MSB into play. ...

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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.

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