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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Craneware

June 2010

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.

  • Epic Code:
  • CRW
  • Price:
  • 414p
Craneware hit a new high of 426p after it announced a five-year reseller agreement with Premier, one of the US' largest healthcare alliances. The deal makes Craneware's entire revenue integrity software suite available to Premier's 2,300 hospitals. Premier has committed to a minimum of $15 million sales over the five years but due to Craneware's revenue recognition policy, the revenue from the deal is only expected to become meaningful in the year FY12. House broker KBC Peel Hunt has upgraded pretax profit forecasts for the year to 30 June 2012 by 12% to US$12.1m for eps of 32.2 cents (21p)  and increased its target price from 450p to 475p. Keep running profits. ...

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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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