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SimplyBiz

October 2020

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:
  • SBIZ
  • Price:
  • 154p
I caught up with SimplyBiz after results for H1 to 30 June. I felt it was time to revisit the shares as they stand around 60p lower than when it bought the classy financial information business Defaqto, back in March 2019. Net debt has been paid down by £10m since the deal completed.Defaqto is a leading financial information platform. It employs 65 full time analysts who collate financial data on over 40,000 products and funds to which it applies its proprietary algorithms to produce ratings. Within these results, Defaqto (now the Fintech & Research division) generated sales of £4.1m and so it made up most of the shortfall in sales in the Distribution division and overall sales were left flattish at £28.9m. Eb ...

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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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