Updates

Office2office

May 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.

With the shares having fashioned a useful uptrend since our main recommendation last August, when the price was just 191p, Office2office has now unveiled excellent final results for the year ended 31 December. Pretax profit increased 39% to £9.4m from turnover up nearly 13% at £142m, while earnings rose 38% to 16.6p (30.3% tax charge). The key financial indicators showed good progress, with operating margins rising from 6.1% to 7.1%, while the group produced nearly £11m of net cash inflow, which transformed its net debt of £7.2m into net cash of £0.5m. Office2office, which provides one-stop-shop office supplies ranging from envelopes and paper to computer consumables such as toners and diske ...

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BSS - Trading ahead of expectations

Edinburgh Oil & Gas - Goldman Sachs initiates coverage with 350p price target

Office2office - Low prospective PE of 5.4 (September 2009)

Office2office - Take profits and sell (May 2006)

Office2office - Follow directors and take part profit (November 2005)

Office2Office (October 2004)

Office2office - Interesting play on outsourcing of office consumables (August 2004)

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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