Updates

Accident Exchange

May 2005

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.

Accident Exchange issued a pre-close statement which said that full year results for the year to 30 April will be in line with market expectations. The group's fleet, a key revenue driver, stands at 926 vehicles, compared to expectations of 850 at this stage. At the same time, fleet utilisation has remained in line with management's expectations, illustrating the group can operate the larger fleet efficiently. Numis has maintained its forecast at £6.9m pretax and eps of 7.8p for the year just ended, rising to £15m (17p) next year. We tipped the shares at 65p last August. The smart money has been made and we await a placing of shares before long. Sell / continue to lock in profit. ...

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Accident Exchange - Risk reward appealing once more (May 2008)

Accident Exchange (December 2005)

Accident Exchange (July 2005)

Accident Exchange - Heading into insurers back offces (December 2004)

Accident Exchange - Results due on 1 December (November 2004)

Accident Exchange - Shares rocket 63% over the month (September 2004)

Accident Exchange - Credit hire growth at a meteoric pace (August 2004)

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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