image

The best stocks to buy since 1993

Latest issue now available

Quartix - Much to play for in the US fleet market

April 2017

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:
  • QTX
  • Price:
  • 368p
The shares moved ahead after 2016 results. Sales were up 19% to £23.3m. Pretax profit was up 10% to £6.5m and eps 21% to 12.7p on a low tax rate of 7% thanks to “patent box” relief. Quartix continued to generate a tidal wave of cash with £7m generated in UK and French operations whilst there was £1m outflow on the early stage US business.Fleet was 64% of group revenue with Insurance 36%. CEO Andy Walters is coy on giving a divisional split of gross margin suffice to say that the blended margin is 61%.I think it is fair to note that H1 had been boosted by an exceptional insurance performance but then H2 saw margins recede sharply as insurance becomes a cut throat dog-eat-dog business, causing Quartix to shy away. Reflecting th ...

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

Subscribe now

Already a subscriber? Login

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

LIMITED PERIOD OFFER

SUBSCRIBE TODAY AND SAVE £40 WITH OFFER CODE 40OFFSCSW

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