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Growth Portfolio II - Feb '08

February 2008

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.

More savage drubbings for the markets early in the month although some stability has returned as we write. Overall the Growth Portfolio is down by 7.9%, just slightly underperforming the benchmark indices which are down by just over 6%. The good news however is that valuations have fallen so far and so fast that we are overdue a bounce. This is very true when we look at the software and service sector where there have been three cash bids in the past few weeks (NSB which is in the portfolio but also Northgate and Coda) following the earlier bids for Vega and Xansa, which suggests that trade buyers have a more bullish view of the market than investors. With that to the fore in our mind, we think nCipher (pg7), Kewill (pg4) and eve ...

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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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