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NCC - Contract renewals over 90%

October 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:
  • NCC
  • Price:
  • 243p
It was a case of "steady as she goes" for escrow solutions provider NCC, whose results for the year ended 31 May showed a 44% rise in pretax profit to £6.6m, from a 15% increase in turnover to £20.7m. Fully diluted earnings rose 36% to 13.6p. On an underlying basis, operating profit increased 23% and was again driven by the core escrow side. This operation, which holds critical source codes that it will release to its client if the software developer goes bust, generated a 27% increase in profit to £6.1m on sales up 21% to £9.8m, as firms continue to view its service as an important plank of their disaster recovery strategy. UK contract renewals totalled £7.1m and are forecast to reach &pou ...

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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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