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Fusionex - Growing repeat income

June 2014

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:
  • FXI
  • Price:
  • 485p
A decent enough set of interims from Fusionex with revenues up 35% to (Malaysian Ringgit) MYR25m and EBITDA up 36% to MYR10.1m. Earnings per share were 17.5 sen, up 20%. The period is marked by the three pilots for its Big Data solution, GIANT, which we mentioned in our recent February update, going live and another three have also been confirmed, leaving the business well on its target for 10 contracts this year.Speaking to chief executive Ivan Teh, he notes that the aim generally for GIANT (which replaces legacy products Business Intelligence Centre and CTE) is to sell the GIANT software and leave the integration up to the IT departments of clients themselves. Consequently this strategy is reflected in the fact that service inco ...

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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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