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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Office2office - Take profits and sell

May 2006

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:
  • OFF
  • Price:
  • 257p
Final results from office products supplier Office2office contained few surprises following its pre-close trading statement but were reasonably good nonetheless. For the year ended 31 December, pretax profit before its float costs increased 4.8% to £10.7m, on a 6% rise in turnover to £151m. Earnings increased 18% to 19.7p, while net cash was £5.1m. Highlights in the period included the successful re-tender of two of its largest contracts with Barclays Bank and the Department of Work & Pensions. The group also made progress developing its e-commerce systems with the result that over 57% of customer orders were received electronically, compared to 48% last time. However, there were also a couple of neg ...

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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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