Updates

Altitude

March 2017

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.

Altitude has said results for 2016 were ahead of expectations, with 22,000 Click2Ship websites live. But the news triggered a bout of profit taking because the key data missing is the takeup from the early adopters - but as the websites were launched at the end of the period, it’s early days, says group president Martin Varley. Separately, Zeus exercised options over 1.5m shares and drip fed them in a disorderly fashion rather than placing them out. Quite how Zeus, which floated the company 12 years ago, got away with that undated option beggars belief. The silver lining is that it raises net cash to c.£0.7m.Based on conservative assumptions, WH Ireland forecasts eps of 3.2p for this year and 5.2p next. ...

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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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