Updates

London Capital

April 2009

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.

In the context of ongoing uncertainty in financial markets, results from London Capital were impressive, with high volatility boosting its main spread betting business. For the year to 31 December revenue rose 57% to Â£29.6m, while pretax profit increased 35% to Â£12.6m. Eps before goodwill rose 31% to 23.1p while the dividend was upped 69% to 11p. In spite of investing Â£2.5m in IT for new trading platforms, net cash still increased from Â£10.3m to Â£12.6m. The principal reason for London Capital's strong performance was growth in the number of spread betting clients from 19,100 to 33,500, which was driven by its highly competitive trading platform, the strength of its white label partners, which include Paddy Power and Bet ...

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London Capital (January 2010)

London Capital - Large director purchase (October 2009)

London Capital (August 2009)

London Capital - Director buys into weakness (June 2009)

London Capital - Financial spread betting firm enjoying explosive growth (February 2009)

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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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