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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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NCC - Contract renewal rates close to 90%

September 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.

  • Epic Code:
  • NCC
  • Price:
  • 265p
Shares in escrow agent NCC have moved smoothly to a new high and are now up 81p since last November’s recommendation. The catalyst was excellent results for the year ending 31 May with pretax profit rising 143% to £3.4m, from a 24% increase in turnover to £18m, while earnings were up 22% to 12.6p. NCC’s largest division, Escrow Solutions, which protects a client by holding business critical source code as insurance in case its software provider goes bust, enjoyed a 23% increase in turnover to £8.2m, with operating profit rising 32% to £5m. This was driven by an increase in the number of beneficiaries taking escrow agreements to over 11,000 compared to 9,500 last year. Other key performance ind ...

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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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