Updates

Perform

January 2014

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.

Perform has warned that full year revenues will be below expectations and EBITDA significantly below forecasts for this year and next. The bugbear has been disappointing display advertising revenues in the fourth quarter, while growth from Watch & Bet renewals is now likely to be just 10%, half the previous forecast. Meanwhile, costs are expected to rise 7% more than expected. Numis has slashed EBITDA forecasts by 28% and 39% for this year and next, with new eps being 8.3p and 10.1p. The broker thinks medium term prospects are still robust with the warning reflecting â€œgrowing painsâ€ and with a major cost review exercise being undertaken (potential savings are to be unveiled with final results next March) this hopeful ...

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Mothercare - Posts move into profit

Optimal Payments

Perform (October 2014)

Perform - Efficiency drive should raise margins (May 2014)

Perform - Renewal discussions â€œgoing wellâ€ (November 2013)

Perform - Acquisition and placing (August 2013)

Perform - Sports media rights firm benefiting from rapid growth of "in play" betting (June 2013)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X