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March Networks - Eight consecutive quarters of growth

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.

  • Epic Code:
  • MNW
  • Price:
  • 845p
vMarch has reported Q1 results with sales up 157% over the same quarter a year ago at C$14.9m and up from C$13.5m in the previous quarter. Q1 profit emerged at C$2.8m and earnings per share were 17 cents. During the period, March added nine tier one customers including six banks, two transport customers and one retail customer and as these customers roll out their deployments, they should add visibility to earnings. Evolution has upgraded its full year target by C$1m to C$11m for eps of 57.1 cents. Gain since May: 64%. Hold for more.  ...

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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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