Updates

Softcat

June 2016

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.

Softcat has reported a strong exit to Q3 running slightly ahead of Q2 and with a revenue mix weighted towards higher-value segments such as security, networking and data centres. There has also been a “vendor procurement arrangement,” which has generated an additional £2m profit. Leeds has now grown to 40 account managers and the Glasgow office opens soon. Peel Hunt has lifted its forecast eps by 6% to 18.6p. Meanwhile, the cash pile is expected to climb to £60m by the year end and to £80m by next year, paving the way for special dividends. Strong hold. ...

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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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