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BGlobal - Early stage supplier of smart meters expects explosive growth

September 2007

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:
  • BGBL
  • Price:
  • 61p
BGlobal (BGBL; 61p) is a supplier of electricity smart meters that record energy consumption and with the shares, recently floated and quoted on AIM, thinly traded and expected to move into profitability in the current financial year, they are undoubtedly speculative. But helped by the £7.75m raised in the April flotation by broker Charles Stanley and the experience of the top management, the company looks to have a substantial opportunity for growth. That is certainly the case if you believe Charles Stanley’s forecast of sales reaching £14m in the current year and profits reaching £2m (eps 3.5p) which is almost bigger than the group’s turnover in 2007. The forecast for next year is £29m turnover and & ...

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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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