Updates

London Capital - Large director purchase

October 2009

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.

As trailed by its pre-close statement, financial spread betting firm London Capital's half year profits fell 37% to Â£3.75m on turnover that reduced 4% to Â£12.95m. But the group's net cash was still strong at Â£8.2m (down just Â£0.6m) giving it the confidence to maintain the full year dividend at 11p. The bug-bears causing the profit decline were lower interest income and increased costs, while revenue per customer fell from Â£1,035 in H2 2008 to Â£599 in H1 2009. That said there were positive developments such as a 71% jump in new account openings to 11,388 and an increase in UK spread betting client funds of 22% to Â£27.3m. Meanwhile, London Capital's foreign exchange business, in which it provides commission-based agenc ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Hill & Smith - Shares gain 53% since May tip

Tarsus

London Capital (January 2010)

London Capital (August 2009)

London Capital - Director buys into weakness (June 2009)

London Capital (April 2009)

London Capital - Financial spread betting firm enjoying explosive growth (February 2009)

London Capital - smaller rival to IG Group growing amazingly fast (September 2007)

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