News & Comment
Towergate Partnership, Britain's largest independently owned insurance intermediary, has offered 605p a share for Broker Network Holdings.
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Recommendations
Despite recent market turbulence, five-a-side soccer centre business Powerleague is trading at a healthy 44 per cent premium to the 70p at which we profiled the business last year.
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GCI highlighted the investment attractions of Broker Network last October at 189.5p and we’re delighted to see shares in the business now priced at 370.5p.
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Broker Network (BN), whose shares have almost doubled since Growth Company Investor recommended them in October at 189.5p, is worth looking at in a different light ahead of September’s results for the year to April and growing institutional support.
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In spite of a tough market, Broker Network – up over a third since being recommended by Growth Company Investor at 189.5p in October – has demonstrated that its model is robust enough ‘to prosper at all points of the insurance cycle’. And it has the buoyant interim results to prove it.
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Since striding onto AIM two years ago, Broker Network has made something of a splash, consistently improving sales and profits, and embarking on a successful acquisition strategy.
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Broker Network, the network of independent community insurance brokers, has cheered investors with premium interim figures to October.
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