Secondary Recommendation

Matchtech - Technical contract staffer well

December 2006

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.

One of our spring recommendations, technical contract staffer Morson, has enjoyed a good start to its quoted life with the shares recently hitting a high of 212p after being floated by Brewin Dolphin at 160p. It’s therefore not surprising to see a me-too technical staffing firm, Matchtech, also braving the markets and the response from investors has been similarly positive with its shares, which were introduced to AIM on 27 October by broker Arbuthnot at 310p a share, immediately achieving a useful 17% premium. This largely reflects the fact that like Morson, Matchtech is a well-established firm, which has a good recent track record to crow about. Since 1997, its turnover has soared from just over £20m to £158m, while i ...

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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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