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Growth Portfolio 2

February 2005

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.

It has been a strong month for small companies, with the portfolioup by 9.7%  to a record high. It is now up 208% since operationsstarted, whilst both our benchmarks are showing declines. Over half ofthe portfolio constituents recorded new highs, so we can safely say weare seeing a mini-bull market in small caps. The positive aspect to allthis is that many of  the gains are being matched with positivetrading updates. Mears, which maintains social housing, announced that results for2004 will beat expectations (old forecast was 8.4p). The shares are nowa five bagger. Elsewhere, Interlink raced away, at one point over £7,after a very eps enhancing acquisition.Techs also had a good time. NSB issued a post close updat ...

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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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