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Scott Tod

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.

  • Epic Code:
  • SCD
  • Price:
  • 40p
In a trading update, Scott Tod said that its management accounts for the six months to 31 December indicate that H1 results will be in line with expectations. However, the rapid growth in orders for ATMs has resulted in higher than anticipated costs whilst slower than anticipated growth in transaction revenues means H2 results will be substantially below expectations. Scott Tod said adverse publicity surrounding charges by cash machines had affected volumes. No updated forecast is available from recently appointed broker Peel Hunt. But the extent of the shortfall is indicated by the fact that none of the earnout shares will now be paid, implying a profit of less than £0.85m versus broker estimates of £2m. But with fewe ...

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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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