Investor's Champion Blog
Provides refreshingly forthright, independent comment on predominantly small cap companies and specialist investment funds. Informed opinion, based on first-hand research, but pulls no punches in exposing management weaknesses.

Broker Network Holdings just keeps on delivering

One of my AIM favourites, Broker Network Holdings (‘BNH’) came out with some great numbers this week.

The group which operates a growing network of independent insurance brokers (currently 162) reported interim turnover of £4.56m and operating profit of £2.33m.

Although the shares appreciated about 90% in 2006 one leading broker has still raised their target price to 321p (Current price 268p).

Now I have always liked the group’s simple model and the fact that it is has consistently delivered over the last few months but I am quite prepared to have to wait a little for another upward move in the price and am not holding my breath for another 20% in the short term-it’s better not to be too greedy after all!


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