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Civica - High growth and defensive

July 2005

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:
  • CIV
  • Price:
  • 235p
Having returned to market 15 months ago in a much downsized version, Civica (CIV; 235p) (which comprises all the public sector parts of the former Sanderson Electronics business) is at an early stage in its strategy to consolidate its local authority market. The company has just announced its second acquisition of a company supplying local authority software applications this month and the combination of a growth story together with significant placing power saw the associated ?10m fundraising at 210p subscribed by almost three times. Civica has been active in the local authority software market for over 19 years, early on acting as a third party software reseller offering a value added consulting service to ensure that clients adopt the ...

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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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