Good morning all,

A couple of announcements caught my eye this morning.

First, interim results from run-off insurance specialist Randall & Quilter Investment Holdings (LON:RQIH). The company specialises in taking on the risk of an old insurance book (for a fee, naturally). In recent years the company has been paying big dividends, frequently as special dividends, carefully structured for tax efficiency.

Interims here:
http://www.investegate.co.uk/randall---38--quilter...

The company has reported a pre-tax loss. Dividend payments have been held steady. Net tangible asset value is reported at 109p. The company has previously traded at a discount to this figure. Latest share price I have is 150p, so they are not cheap on those grounds.

Management speak:

The second half of the year is expected to be considerably stronger, driven by increased service and fee income. As a consequence, we still anticipate that our full year results will meet market expectations, although this is inevitably contingent on completing a number of well progressed legacy transactions before year end.

We are pleased to announce a proposed interim return of cash of 3.4p per share payable in October. We remain committed to maintaining total distributions to shareholders of 8.4p per share for 2014

That's a 5.4% yield for the year. Randall & Quilter Investment Holdings (LON:RQIH) is not a straightforward business. However, it is quite a unique company and worth spending a bit of time getting to know and understand as it is frequently dismissed as 'too complicated' by many investors, resulting in a buying opportunity.

Second, a contract win has been announced by automotive software firm Trakm8 Holdings (LON:TRAK) on the non-material announcement service RNS Reach:
http://www.investegate.co.uk/trakm8-holdings-plc--...

a new supply agreement with one of the UK's leading independently owned logistics firms, CM Downton Ltd.

Downton will purchase the UK manufactured T8 mini, alongside the Trakm8 branded SWIFT 6 web portal, and Trakm8 Secure. The contract is for 1,450 units for an initial period of 5 years. However, under the terms of the contract, a larger share of the revenue will be realised over the upcoming 12 months.

There looks to be real momentum in the business at Trakm8 Holdings (LON:TRAK).

Great day all,

David O'Hara
Editor, AIM Prospector

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