Updates

Innovation - LAS moves iy into huge "wet" perils market

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.

TIG, which sells software and services to the insurance sector and also has an outsourced claims management unit for settling motor/building claims, has reported record interims. For the six months to 31 March, sales were up 7% on a constant currency basis to £101.7m and pretax profit was up 16% to £10m. Adjusted eps was ahead 8% to 0.65p. There is also a return to the dividend list.BPO revenues grew 9% to £87m. Within that, management of motor claims was on a bit of a plateau at £65.4m but this is mainly due to the fact that the weather worldwide was mild, which saw claim volumes generally down 10-15%, says chief executive Andy Roberts. But a number of new clients have been added, which will boost H2 volum ...

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Conviviality Retail

Avation

Innovation (October 2015)

Innovation (May 2015)

Innovation (January 2015)

Innovation (September 2014)

Innovation (September 2012)

Innovation (January 2012)

Innovation - New contract wins (November 2011)

Innovation (September 2011)

Innovation Group - Targeting building claims alongside core motor claims business (June 2011)

Innovation Group (May 2011)

Innovation Group (January 2011)

Innovation (September 2010)

Innovation (March 2010)

Innovation Group - Â£21m fundraising at 10p (January 2010)

Innovation (September 2009)

Innovation (June 2009)

Innovation - Two contracts worth Â£4m (May 2009)

Innovation Group - In play (April 2009)

Innovation Group - Q1 sales +17.5% (organic) (March 2009)

Innovation - New customer wins (February 2009)

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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