Updates

Softcat - 14.2p special dividend

November 2016

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.

I was rather surprised not to see shares in Softcat take off the day of its results, which were accompanied by a £28m or 14.2p a share special dividend (ex 17 Nov).As it was Softcat’s results showed it outperforming all its peers with sales up 13% to £672m. Gross profit grew by 17% showing it is selling more higher value solutions (security, networking and data centre infrastructure). Pretax profit was £47m and eps was up 16% to 19.1p. Net cash at the year end was £62.4mSoftcat has now delivered 44 consecutive quarters of revenue and profit growth – a period that includes 2008-09 when the global economy was in a near meltdown, the uncertainty of the EU referendum and the falling pound &ndas ...

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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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