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Tangent - Beneficiary of HIPs requirement extended to 3 bed houses

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:
  • TNG
  • Price:
  • 13.75p
Tangent (TNG; 13.75p) is an ambitious and fast growing digital printing business which with a market capitalisation of £22.2m attempted to swallow the much bigger and better known St Ives last year which has a market cap. of £325m. The bid was rebuffed but demonstrated management’s commitments to become much bigger in the years ahead. The business began in 2003 when brothers Nicholas and Timothy Green, two entrepreneurs with experience of response-based marketing, backed by the third Green brother, Michael, of Carlton Communications fame, set up their digital press operations. In the year to 28 February, Tangent grew its profits by 71% to £1.07m on sales of £8.6m and broker Collins Stewart is foreca ...

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