Updates

Comino - Confident enough to spurn suitor

January 2005

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.

Workflow and electronic document management provider, Comino, has announced a strong set of interim results which beat analysts expectations and is probably why it also had the confidence to break off the bid talks. For the six months ended 30 September pretax profit,before goodwill and an exceptional item, increased 42% to Â£1.14m on turnover up 8% to Â£12.2m, while earnings rose 37% to 5.6p. Thestrongest performance came from its Local Government division, which supplies revenue & benefits and housing departments. Its sales increased 28%, while the order book increased 39%, helped by newbusiness being won in social care departments, which require workflow to help deliver effective case management and ef ...

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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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