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Landround - Continued improvement in trading

February 2002

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.

Having experienced a stalling in voucher sales in the fourth quarterof last year following the terrorist atrocities, Landround has reported"an encouraging improvement in the current quarter." At first glance positive, but it takes no account of the fact that Landround is choosing to compare two totally different quarters. Hardmanrecently issued a note. It suggests that Landround has made somestrides towards a recovery. Landround has recruited three sales executives including two from Air Miles, who will now focus on Buy & Fly, leaving the original sales team to concentrate on the traditional voucher product. According to Hardman, Buy & Fly and the vouchers represented Â£1.5m and Â£1.8m, respectively, of the Â£7.3m sales ...

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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

Landround - Continued improvement in trading

February 2002

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