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Gresham Technologies - Now 10 installations in America

September 2017

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:
  • GHT
  • Price:
  • 179p
Gresham’s shares have moved higher following H1 results, showing sales of £9.9m, up 26% year-on-year (or up 19% organically excluding the contribution from C24, which it bought last year). Adjusted pretax profit was up 77% at £1.5m with eps up 62% to 2.8p.Aggregate segmental sales in the legacy ICL/EDT business were flattish at £5m. If we net those out, it shows Clareti grew sales by 53% to £4.83m (+36% excluding C24). Clareti is now therefore 49% of sales and 55% of gross profit.As I said in February, the Clareti “data integrity software platform” allows large banks, hedge funds and insurers to modernise how they use data by being able to pull it in from several places, collate it, w ...

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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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