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Microgen - Has now brought in 9.8% of equity

January 2003

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.

Ahead of results next month, Microgen has issued a  statement for the year ending 31 December. Overall revenues and operating profit before an exceptional item will be in line with expectations. With two acquisitions completed and integrated in the period - OST and Wishstream - the  exceptional restructuring charge of £1.5m is  a provision to excess property. Microgen-Telesmart, the e-billing and payment business maintained its growth rate whilst new licence wins and consultancy revenues for Microgen-Kaisha and OST  continue to come under pressure.     Postthe share buyback of 9.8% of the shares for £1.93m and the acquisitionof Wishstream (£0.56m), M ...

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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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