My top 10 Stock Market shares for 2006

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Stock Market Shares
Stock Market Shares

Stock Market Shares for 2006

It’s that time of year again and here are my stock market shares for ths year.

The software and IT recruitment sectors haven‘t been good sectors to be in over the last couple of years. Perhaps it is time that we saw some profits made here.

Here are our ten shares for 2006.

1. CPL Resources

Buying Price – 208p
Current Price –
Percentage Rise –

According to their Chairman

‘CPL’s business continues to benefit from growth in employment in the Irish market and from increased demand for its services across most sectors. The Company’s trading performance in the six months has been strong, and the profit for the half year is likely to exceed current market expectations’.

Ireland has a very strong IT market and this is the biggest agency in Ireland. They have been performing consistently strongly and beating the analysts‘ forecasts for ages.

Quoted on the UK market, they were 90p at the start of last year, so they have more than doubled whilst the quoted UK agencies have stagnated or fallen.

2. Detica Group

Buying Price – 1,203p
Current Price –
Percentage Rise –

Detica, an IT Services company dealing in security have confounded the analysts with a better than expected rise in interim revenue of 43.5m, which is up 35%.

It carries out complex work for government and national security agencies as well as blue chip companies. Their work cannot be easily sent offshore.

They have a product called Streamshield which is an internet security product.

3. Computer Software Group

Buying Price – 66.75p
Current Price –
Percentage Rise –

They just issued better than expected first half figures prompting analysts to increase their predictions of current year earnings from 6p to 6.3p a share.

Computer Software‘s business is based on the cross selling of its proprietary software to customers like the Paymaster General and Devon Healthcare Trust.

It‘s Chairman is Michael Jackson who also chairs Sage Group, Britain‘s biggest software company.

4. Intec

Buying Price – 69p
Current Price –
Percentage Rise –

They are in the area of supplying IT software to the telecoms industry. Once the software market picks up they should too.

5. Parity

Buying Price – 9p
Current Price –
Percentage Rise –

An American agency, Spearhead, have been building up a stake in them. They may become a takeover target. Even if they don‘t the Americans are going to want someone on the board to help turn the company around.

The company has a large turnover. They just can‘t make a profit. Hopefully the Americans will insist on it.

6. Retail Decisions

Buying Price – 133.5p
Current Price –
Percentage Rise –

They are in the business of providing software to prevent Card Fraud and identity theft. This is a good area of the market to be in.

7. LogicaCMG

Buying Price – 177.25p
Current Price –
Percentage Rise –

The UK‘s top software house, they will benefit from any rise in the software sector.

8. Ten Alps

Buying Price – 52.5p
Current Price –
Percentage Rise –

This is the major vehicle for Bob Geldof. It is his PR company and it includes the Professional Contractors Group as clients. Bob is proving a successful businessman and there is a lot of goodwill towards him and this could lead to more opportunities for his company.

9. Bond International

Buying Price – 99p
Current Price –
Percentage Rise –

10. Highams Systems

Buying Price – 3.12p
Current Price –
Percentage Rise –

An IT recruitment agency, they were my biggest faller last year. However, this was mainly because the IT recruitment sector was doing badly.

It may well pick up this year and this low price may well have been left behind by the end of 2006.

2006 Shares

OK, let‘s see how my stock market shares do then.

For us to succeed it is imperative that the software and recruiting sectors do well.

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