COMMENT
I've Found A New Tech Winner

By Maynard Paton (TMFMayn)
December 13, 2005

I've found a new tech winner for Champion Shares.

Last month I recounted how three of the most successful flotations of 2004 were techs. They were CSR (LSE: CSR), Neteller (LSE: NLR) and Google (Nasdaq: GOOG). This table summarises the profits you could have made:

Share	Flotation	Price on first day of dealings	Recent price	Profit
CSR	February 2004	246p	900p	265%
Neteller	April 2004	197p	729p	270%
Google	August 2004	$100	$412	312%

I noted CSR, Neteller and Google had five common characteristics when they went public. My latest recommendation for Champion Shares -- published today -- is a tech share that joined the market earlier this year and matches up to the tech-winner checklist.

Here's a quick rundown of my recommendation:

1. Rapid sales growth: Following its formation in 2001, initial sales were racked up quickly and the accounts have shown rapid sales growth thereafter. Tick.

2. An ability to produce a profit: Profits were generated in 2002/3 and have increased markedly ever since. Tick.

3. A good market position: I believe the products involved are at least on a technical and specification par with those made by rivals. Tick.

4. Cash-rich accounts: The reported net cash position has improved during the last three years. Proceeds from the flotation have since boosted the balance sheet. Tick.

5. Founder management: The founder remains in charge and holds a significant shareholding. Tick.

I've done your research

Many private investors continue to back 'old' techs such as such as NXT (LSE: NTX), Trafficmaster (LSE: TFC) and Stanelco (LSE: SEO). But these firms have been around for years and consistent sales and earnings growth remain as elusive as ever.

In my view, new tech companies will be among tomorrow's bull market leaders. But to minimise the risks with these sort of shares, I feel it's best to demand clear proof of good sales, profits, management, and so on, rather than take potluck with any number of blue-sky promises.

So now I've found a new tech winner at a share price that makes sense -- and members of the Champion Shares service are already in the know. To ensure you don't miss out on this Champion Shares recommendation -- which has just been published -- simply take advantage of this free 30-day trial. There's no obligation to pay a penny and you can cancel at anytime.