Updates

Softcat - Forecasts raised for next three years

March 2018

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.

Softcat powered to successive new highs helped by a trading statement ahead of H1 results on 21 March. Gross profit and adjusted operating profit grew 22% and 19%, respectively, with robust demand from both public sector and enterprise customers. Jefferies has upgraded its eps forecasts yet again to 25p with 27.2p next year. The broker has set a 600p target. A main write up in December ‘15 at 280p, the business remains superbly run. I suspect £10 will come before it runs out of road. ...

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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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