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IDS

February 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.

A trading statement issued on 20 January confirmed that trading conditions stabilised in the final quarter of 2002, with two new Infolease licences signed in December. IDS reported similar good news in November when it signed its largest ever licence extension to an Infolease contract. These contracts plus recent restructuring mean thatnet debt has been reduced ahead of directors expectations to £14.2m. Inaddition, IDS announced that former chairman, John Hubert, who took temporary leave of absence in November 2002 to explore making a possible bid for IDS, has resigned for health reasons.  IDS remains in bid talks with its chief executive, also on temporary leave of absence, as well as a number of third parties. ...

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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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