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Growth Portfolio 2 - April

April 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The Growth Portfolio retreated with the general market, especially with investors keen to lock in gains ahead of the tax year end. Overall, the portfolio declined by 7.7%, worse than the benchmarks but then it has shown significant outperformance over 12 months.  Putting this in context, this time last year, the portfolio stood at £53,000 so has risen 132% in that time. This compares with gains of 13%for the FTSE-100 and 19% for the All-Share. There waspositive newsflow from a number of constituents. Hot on the heels ofits agreement with Hyundai last month, Armour subsidiary Veba signedan agreement (worth at least US$850,000) with BMW to supply in-carmultimedia systems for a new model. NSB also reported strongre ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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