Updates

London Capital

August 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 an update covering the first six months to 30 June financial spread betting firm London Capital has announced that while revenues have increased, profits have been impacted by lower levels of interest income and greater investment in new trading software and white labels. As a result profit before tax and share based payments will be Â£3.75m compared with Â£5.9m for the same period last year. Nevertheless, it has enjoyed strong growth in new client acquisitions, average daily trading volumes and client funds on deposit. Broker Cenkos, which blames much of the H1 shortfall on range-bound markets, has reduced full year pretax profit forecasts from Â£14m to Â£9m for eps of 15.8p. But it believes the improvement in KPIs puts it in ...

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Babcock International - Positive AGM

Big Yellow

London Capital (January 2010)

London Capital - Large director purchase (October 2009)

London Capital - Director buys into weakness (June 2009)

London Capital (April 2009)

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

London Capital - smaller rival to IG Group growing amazingly fast (September 2007)

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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