Updates

Advanced Computer Software

July 2010

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.

Results from Advanced for the year to 28 February are not particularly meaningful given that only one of its five acquisitions has been owned for a full year and in particular its largest deal to date, COA, is included for just two weeks. As it was, Advanced reported a pretax profit of Â£6.2m on sales of Â£30.2m. Adjusted EBITDA was Â£7.2m. Had each of the acquisitions been included for a full 12 months, on a proforma basis, revenues would have been Â£91.5m and adjusted EBITDA of Â£21.7m - which indicates the change in nature and scale of the business. Earnings per share rose 35% from 0.8p to 1.1p.One of the criticisms that analysts might have about such a business is that Advancedâ€™s highly acquisitive nature means that t ...

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KSK Power Ventur

Topps Tiles

Advanced Computer Software - 140p bid from Vista; gain 724% (December 2014)

Advanced Computer Software - Gain since tip at 17p: 591% (July 2014)

Advanced Computer Software (May 2014)

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Advanced Computer Software - Solid results drive ASW higher (December 2011)

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Advanced Computer Software - Grown with its valuation (April 2011)

Advanced Computer Software (November 2010)

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Advanced Computer Software -Murria funds £100m acquisition using large dollop of debt (April 2010)

Advanced Computer Software - Murria and Jackson at it again (September 2008)

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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