Updates

Tribal - Awaiting upgrades following NSW deal confirmation

May 2012

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.

As we foreshadowed last month, Tribal has confirmed the contract award in New South Wales, where it will see its student management system being rolled out across colleges there. Despite the contract being worth a massive Aus$40m (Â£26m), the share price response has been muted but will now almost certainly lead to eps upgrades. In addition, Tribal will also provide implementation and configuration support to this programme. Keep buying. ...

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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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