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Bond International – Sell

Tom Winnifrith
Tuesday 9 October 2012

I recommended Bond International Software (LSE: BDI) on a website I now do not name at 73.5p in July 2009 in a belief that modest economic recovery would see sales and margins rebound from their then levels. The shares hit highs of nearly 90p later that year but subsequently suffered as economic recovery failed to emerge as originally hoped – hitting a low of 32.75p in January of this year. They have now recovered somewhat – to a current 52.5p – though I am unimpressed by recent results for the first half of 2012. I apologise for having called this one wrong. There are better homes for you cash than this provider of software for the international recruitment and human resources. I’d sell now and this is why…

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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