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Maxima

October 2009

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:
  • MXM
  • Price:
  • 113.5p
New management led by CEO Graham Kingsmill (ex-head of SAP UK), who joined in April, reported their first results last month with revenues up 20% to £56.6m largely as a result of the acquisition of DXI Networks last year. The results included £12.6m of write downs and provisions as the group positioned itself for a fresh start and excluding these, normalised pretax profit was £7m (eps 20.5p) down from £8.8m last year largely due to some projects being deferred.Maxima is a consolidation play of companies involved in the implementation and support of enterprise software solutions for mid sized, UK-based manufacturing, distribution and service organisations. Having floated in 2004 it completed 11 acquisitions under its previous m ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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