Primary Recommendation

Computer Software Group - Strong repeat income stream

March 2006

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.

Our meeting with Vin Murria, chief executive of IT services business Computer Software Group (CSW), was a poignant reminder of how overzealous business lenders will usually try it on by imposing the most ridiculous requirements in the form of additional security or higher lending rates on even their best customers. Beating up commercial lending managers has been a fascinating pastime for your own editor with three commercial managers sent through the revolving doors in the past five years.In Ms Murria’s case, the reasons for demanding better acquisition finance are compelling. The group’s business is rock solid with a high proportion, almost 40%, of income contracted and recurring from maintenance and hence banks are h ...

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Parkwood - Low rating for support services sector

BATM

Computer Software Group - 150p offer from management (April 2007)

Computer Software (December 2006)

Computer Software Group (October 2006)

Computer Software - Third legal acquisition (September 2006)

Computer Software Group - Buys second business in legal sector (July 2006)

Computer Software Group (June 2006)

Computer Software - Eps enhancing buy (May 2006)

Computer Software Group - Forecasts upgraded (April 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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X