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Planit - Profits will exceed last year

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:
  • PLN
  • Price:
  • 25.5p
Planit has issued a trading update for the year ended on 30 April. This said that pretax profit  will “materially exceed that for the comparable period last year” when it reported a pretax profit of £1.5m. Peel Hunt forecast £3.3m pretax and eps of 2.8p rising to £3.6m and eps of 3.1p this year. Planit also said it has enjoyed strong positive cashflow which has enabled it to “significantly reduce its net debt.”This one’s been dead money for a while but results due on 18 July should hopefully trigger a rerating. ...

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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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