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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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NCC - Gain to date: 97%

March 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:
  • NCC
  • Price:
  • 385p
NCC, whose escrow solutions business is positioned in the so-called disaster recovery segment of software services, is not remotely fazed by the recession after unveiling forecasting beating H1 results. For the six months to 30 November, it achieved a 22% increase in revenue to £25.4m while pretax profit rose 19% to £6.2m. Diluted eps rose 21% to 13.3p. Cash generation was impressive and in spite of spending £3.6m for deferred consideration for an acquisition, net debt only increased from £5.6m to £8.6m and should be paid off by the year-end. NCC's core business is escrow solutions, in which NCC sits between a software developer and its licencee holding critical material (usually source code) that it will release under certai ...

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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.

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

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