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SSP Holdings

May 2007

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:
  • SSPH
  • Price:
  • 142.5p
SSP has announced its first acquisition since joining AIM. It is taking over the INSURE/90 insurer systems business from Computer Sciences Corporation in Johannesburg. SSP already supplies a similar legacy insurer administration product in Europe having bought the Insure+ business from CSC in 2005 and the latest move gives it a foothold in the general insurance solutions sector of the African market. The product is used by six insurers and will add £1.3m to sales. Separately, SSP issued a trading update stating that results for the year to 31 March will be in line with market expectations, with strong performances in particular from its Distribution and Insurer Systems divisions. Tipped last ...

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