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Growth Portfolio 2 - Decemeber '07

December 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.

Hardly any company has been spared from almost vertical falls this month, one of the roughest months seen for a while. The FTSE-All Share is down 9.0% over the month and the Growth Portfolio has fallen by 10.9%. Just take the example of Mears, which boasts a £1bn orderbook in the social housing sector and is expected to report a profit of £20m against a market cap. of £170m; the shares are down 36.5p or 13.1% on the month. The obvious factor affecting this one is nothing company specific but a general worry that our profligate government have spent so much bailing out Northern Rock that they will now have a pressing need to reduce spend in other areas. Similar sentiment has affected Scott Wilson (transport) and ...

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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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