The Investment Column; Scoot.com
Wednesday 02 June 1999
Housebroker Collins Stewart forecasts a maiden pounds 5m profit for Scoot's year to September 2001 financial year, by which time annual revenues are expected to hit pounds 50m. Those projected gains are expected to flow from a host of partnerships Scoot has entered into with some of Britain's fastest growing media companies, notably Flextech and the soon-to-launch digital TV platform of Cable & Wireless Communications, and now SkyDigital.
The arrival of these new allies coincides with a revision of Scoot's business model. Previously, Scoot received a fixed fee for listing a business in its regionally segmented databases. Henceforth, whilst it will still receive a fixed fee from service and goods providers to link them with customers, Scoot will also collect a fee for providing sales leads.
Investing in Scoot certainly isn't for the squeamish. But there's a feeling among some City folk that the company looks like one of the eventual survivors in the fast growth Internet sector. Dealers note that trading has picked up since November and that there is sufficient liquidity for the purposes of most private investors. For those wishing to introduce a share of the Internet revolution into their portfolio, Scoot is a speculative buy.
- 1 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 3 Ball pool for adults opens in London
- 4 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Boris Johnson claims porn-obsessed Islamic jihadists are 'literally w*****s'
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Putin opponent reveals Russian President's daughter's secret identity
Ball pool for adults opens in London
Gay couple buy JebBushForPresident.com web domain, and refuse to sell
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
King Abdullah dead: We can't afford not to hold Saudi Arabia's royals to account
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...