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Norkom - Reseller agreement with Mastercard

October 2010

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:
  • NORK
  • Price:
  • 80p
Poor timing on our part. Sorry. Having met with management last month – at their invitation - we were rather put out that Norkom announced on the day the September Sharewatch landed that a number of contracts had been slow to come off whilst there had also been delays to anticipated regulatory changes in Asia. To top it off Norkom says it had increased its costs in anticipation of winning those new deals. As a result, profit this year will be below expectations. Fortunately the news was released before market opening and most of the damage to the share price took place before subscribers had a chance to buy. Norkon therefore sees H1 sales to be between €22-€22.5m compared to €24.6m in H1 last year. The delay in closing hig ...

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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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