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Growth Portfolio 2 - April

April 2007

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 strong performers this month were Character, Caretech and Hargreaves, offsetting the fall in IPT which warned of a softer start to the year. The Growth Portfolio is therefore unchanged on the month. We should have paid heed to IPT’s share price chart which has been behaving oddly for a while. The company has issued a very poorly worded outlook statement but on the basis of our subsequent conversation with directors appears oversold. An active month but really a tidy up with the sale of two of our longstanding holdings, Accident Exchange and Photo Me, which were sold at 251p (gain on this sale 269%) and 70p (273%) respectively. Both were only very small residual holdings and were ‘in for free,’ with the portfo ...

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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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