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March Networks - US Broker RBC sets 700p target

July 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:
  • MNW
  • Price:
  • 567.5p
March Networks, the provider of IP-based digital surveillance solutions, has reported maiden results for the year to 30 April. As expected, there was another quarter of double-digit sales growth despite the distractions of the IPO which took place five days before the year end.  Driven by key account wins in North America and Mexico in its key verticals of banks, retailers and transportation, sales for Q4 were C$13.5m, double that of the same quarter last year and up 10% sequentially on the previous quarter. Q4 profit emerged at C$2.5m and earnings per share were C$0.20. Overall, sales for the year to 30 April almost quadrupled to C$42.7m for a profit of C$6m and earnings of C$0.52.  We think March Networks will c ...

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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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