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Wealth Management Software - £1.6m licence wins to date

May 2002

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:
  • WMS
WMS has announced its results for the year to 31 December, with a pretax loss before exceptional charges and goodwill of £4.6m on sales of £12.0m (£0.7m licences and £11.3m professional services). The results are in stark contrast to those reported for 2000 when WMS made a pretax profit of £0.95m on sales of £15.5m (licences £4.3m and professional services £11.2m) and show the high margin nature of software sales. At the start of the year, management hadanticipated selling £9m licences for LISA and its resources in termsof salesmen and developers, had been geared up to meet anticipateddemand. As the year progressed, potential customers either delayed orcancelled major investments in software. Various cost cutting me ...

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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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