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London Capital - Director buys into weakness

June 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.

A slightly disappointing update from financial spread betting operator London Capital, which noted that while group revenue is ahead of last year, pretax profit is below. This reflects an increase in costs, which include accelerated investment in trading software and increase white label expenses as well as less volatile conditions in its main markets. More positively, average daily trading volumes have risen while new client acquisition is also ahead of last year. Meanwhile, bad debts remain negligible. Broker Daniel Stewart has lowered pretax profit forecasts for this year by Â£1m to Â£14.2m, with 2010 pretax lowered Â£0.6m to Â£16.7m. Although the shares fell quite sharply one director took ad ...

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Carluccio's

JD Sports - Gain since tip: 103%

London Capital (January 2010)

London Capital - Large director purchase (October 2009)

London Capital (August 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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