Updates

CODA SciSys

October 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.

CODA Scisys has announced results for the six months to 30 June.Profit before tax was up 78% to Â£3.4m with earnings doubling to 10.4p,the performance being driven entirely by the CODA division. Net cash atthe period end was Â£10.2m. Sales were up by 4% to Â£35m. Within this, CODA's revenue (includinga contribution of Â£0.8m from the CODA France acquisition in February)rose 6% to Â£22.9m and Scisys' revenue remained constant at Â£11.2m.During the period, CODA continued to see steadily improving levelsof business with strong sales of licences since Q2. This helped delivera very high service utilisation. Overall, licences sold amounted toÂ£5m, of which 30% was new name accounts. That gave rise to a profitbefore central costs ...

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NSB - Prospective PE of under 10

Mayborn

CODA Scisys - Will demerge in September (August 2006)

Coda SciSys - Shares break higher (February 2006)

Coda SciSys (January 2006)

Coda SciSys (August 2005)

CODA SciSys - Acquisitions planned in both divisions (July 2005)

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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