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Phoenix Information Technology - Subcontractor with multi-year contracts

June 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:
  • PNX
  • Price:
  • 290p
 Phoenix (290p; PNX) is a UK-based IT infrastructure services business and is highly successful with great long term prospects. Unusually, in a hype-driven world, it keeps a relatively low profile which may explain the comparatively modest rating. One of the reasons for this low rating is the fact that Phoenix's business model is not to sell its service directly to end users but to work almost exclusively as a subcontractor for BT, Accenture, as well as eight of the top ten IT service companies including IBM and LogicaCMG. One of the advantages of this model is that the partners can focus on what they do best and outsource non core elements of infrastructure management to a specialist like Phoenix in the knowledge that Phoeni ...

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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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