Updates and Ideas

Electric Word - Publisher in public sector niche

March 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.

Shares in subscription publisher, Electric Word, (ELE; 8p) joined AIM back in 2000. At that time, the shares were overpriced. Based on just two titles for athletes, Sports Injury Bulletin and Peak Performance, sales were just £0.4m whilst the company had a market cap of £3.1m. But the latest results for the year to 30 November show that sales have grown to £5.5m and the company had reported its first ever profit of £135,000 helped by three acquisitions during the past few years but also through impressive organic growth. The small profit number might terrify some investors but as a subscription publisher, Electric Word writes off marketing spend on day one whilst renewable income is spread over the length of a sub ...

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CNG Travel - Prospective PE of 4.6

Growth Portfolio 2- March

Electric Word (March 2008)

Electric Word - Trading in line with expectations (January 2007)

Electric Word (September 2006)

Electric Word (July 2006)

Electric Word - Buys educational mail order business (May 2006)

Electric Word - Sports side should benefit from Olympics (March 2006)

Electric Word - Largest acquisition to date (January 2006)

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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