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Craneware - Bullet proof business

October 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.

During the month I spoke to chief executive Keith Neilson again. Our original buy was at 708p in November ‘15 and the shares now stand at 1315p, an all time high.The va-va-voom in the results for the year to 30 June, which were announced this month, is not that the value of contracts signed last year (new product sales + customer renewals) increased by 13% to US$82.3m but the fact that US$58.6m or 70% of contracts won were sales to new hospitals.The vast majority of the revenue from the new sales has yet to be recognised and will benefit future years. With Craneware renting the software on a five-year SaaS contract, the phasing in of new contracts meant that sales for the year were up 11% to US$49.8m and pretax profit a ...

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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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