Updates

Indigo vision

December 2012

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 shares are now trading ex-the 70p special dividend. Just prior to going ex-dividend, former founder Oliver Vellacot also finally sold his stake (1.7m shares) that had overhung the share price following his acrimonious departure in 2011, with the shares taken up by institutional investors. At the AGM during the month Indigo reported that Q1 sales were up 6% and order intake grew by 10%. It also said it expects results to be skewed into the second half. The suggested rate of growth is slower than that noted last month so some eyebrows were raised especially as the bullish noises would have encouraged new investors to buy Vellacot's stake. With an H2 bias now likely, the shares may hang fire for a while. Hold or buy on weakness. ...

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Wincanton - leading specialist in third party logistics

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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.

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