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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Curtis Banks - Good value on 2017 PE of 15.8

November 2016

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:
  • CBP
  • Price:
  • 232.5p
SIPP administrator Curtis Banks’ interims were slightly behind expectations due to increased investment in infrastructure, longer than expected completion of the transformative Suffolk Life acquisition and lower interest rates (affecting income from customer deposits).Nevertheless, revenues still rose 44% to £10.8m (including a one month contribution from Suffolk Life, adding £1.4m) while operating profit increased 16% to £1.6m. Eps was 2.3p (H1 15: 2.1p).Total SIPPs under administration rose over 70% to 67,161 with Suffolk Life adding 28,000 and a further 1,627 added organically. Post period end Curtis acquired a further 5,000 SIPPs from European Pensions Management taking the total to 72,000 SIPPs. 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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