Updates

BATM - Medical side growing fast

March 2010

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 suggestion to take a part profit last November at 53.25p proved well timed as the shares have been hit post the release of 2009 results. In a difficult market sales for FY09 were ahead by just 1% at US$135m. Pretax profit was US$25m, down from US$26.2m. Adjusted eps were 6.4 cents against 6.7 cents. Net cash was US$66.8m up from US$57.3m, despite spending US$9.7m on buying the freeholds to two of its offices in the US and Israel.Drilling down to the results themselves, sales in the core telecoms business declined 9% to US$105m with particularly poor performances in the US. Offsetting this was good sales growth in the medical division, which supplies management software to control medical devices such as sterilise ...

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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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BATM - Medical side growing fast

March 2010

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