Updates

Quartix - Fleet units grow by 7% to 79,000

September 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.

Quartix, which we referred to as the “equity tortoise” in the telematics sector in our recent write up, has seen its shares go into orbit following the interims.Sales were up 26% year-on-year at £11.6m. While the higher-margin Fleet sales performance was good – up 16% to £7.2m – it was the exceptionally strong Insurance side that was the driver, growing by 47% to £4.4m. Pretax profit increased by 23% to £3.3m with eps up similarly to 5.8p.The number of Fleet units tracked grew 7% to 79,214 and the customer base increased by 5% to 8,212 - this means that on average each customer has fewer than 10 vehicles, which protects it against losing one big account. Attrition on a rol ...

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Filtronic - Expects significantly improved margins this year

XL Media

Quartix - ARR climbs 11% (August 2024)

Quartix - Chairman buys 200,000 shares at 178p (March 2024)

Quartix - Investment in French field sales causes lift off (February 2024)

Quartix - Much to play for in the US fleet market (April 2017)

Quartix - The telematics tortoise : slow but sure organic approach (July 2016)

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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