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Innovation

June 2013

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:
  • TIG
  • Price:
  • 27.3p
Shares in TIG went to several new highs after excellent interims. Largely formed through acquisition by Robert Terry of Quindell fame, TIG sells software and services to the insurance sector and also has an outsourced claims management unit for settling motor/building claims. Now after several management changes and restructurings, the business has never looked stronger. For the six months to 31 March, sales were up 5% to £99.8m (up 8% on constant currency) with an adjusted profit up 39% to £9.6m. Adjusted eps was up 62% to 0.6pBPO revenues grew 9% to £88.8m and gross margin increased from 37% to 39% due to the higher profits being generated from increased levels of property claims management as well as cost reduc ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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