Fair MAID not for faint hearts:The Investment Column
The value is based on MAID's impressive technological know-how, which it harnesses to supply business information such as newspaper cuttings, market research and news wire services to a growing subscriber base. It doesn't own the copyright of this information but has developed systems that sort and package it in a way few rivals can match. Given the vast mass of information available on the Internet, that is an important selling point.
MAID's position in the market is strong if not impregnable. It has 10 years of experience in the field, giving it a significant head-start on many rivals. Yesterday's first-quarter figures were broadly as expected, with a dive into the red as MAID invests in new sales offices and a larger sales force. Losses of pounds 1.4m in the three months to the end of March compared with pounds 211,000 profits in 1995. Sales were 60 per cent ahead at pounds 4.5m. Subscriber revenue almost doubled to pounds 2.2m
The company has also been busy signing up deals with IBM to supply electronic business intelligence and with Forte to provide hotel guests with access to the Internet.
As with biotech stocks, the other stockmarket flavour of the month, rating companies like MAID is more art than science and all about taking a bet on unquantifiable potential. Broker Charles Stanley is forecasting losses of pounds 3.7m this year turning into profits of pounds 12.6m in 1997. A good long- term prospect but, as with all technology stocks, not for the faint-hearted.
- 1 Russell Brand accuses FOX News anchor Sean Hannity of terrorism after aggressive Israel-Gaza debate
- 2 Disney heiress Abigail disowns her share of family profits in West Bank company
- 3 The secret report that helps Israel hide facts
- 4 Israel's propaganda machine is finally starting to misfire
- 5 'Hello mum, this is going to be hard for you to read ...'
Sally Farmiloe dead: Howards' Way actress, and former mistress of Jeffrey Archer, dies aged 60
Russell Brand accuses FOX News anchor Sean Hannity of terrorism after aggressive Israel-Gaza debate
Pope Francis issues top 10 tips for happiness – including don’t try to convert other people
Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
Justin Bieber posts Instagram photo of Orlando Bloom crying after Ibiza fight 'over Miranda Kerr'
The secret report that helps Israel hide facts
Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
A day in the life of Vladimir Putin: The dictator in his labyrinth
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
- < Previous
- Next >
iJobs Money & Business
£20000 - £24000 per annum: Harrington Starr: A leading provider of web based m...
£28000 - £32000 per annum: Ashdown Group: Secretary (Sales Team Support) - Mat...
Competitive (DOE): Guru Careers: We are looking for an Assistant Management Ac...
£600 - £700 per day + competitive: Orgtel: Senior Investment Accounting Change...