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Debt Free Direct - High level of repeat revenue

August 2003

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.

In the late eighties, rising consumer debt levels became a  serious problem and over the month the strong retail sales figures again cast worries  that low interest rates and easy access to borrowings had left a number of consumers out of their depth financially. Against that background, we took a look at Debt Free Direct (43p) which joined the market back in December but, with little historical data to judge it by, has been a difficult business for the market to get to grips with. The business was spun out of Lancashire-based chartered accountancy practice, Lathams,  before it was acquired by Tenon and joined AIM in December following a placing at 40p which raised £0.37m before expenses and valued it at £9m. ...

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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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