Updates

Yell

February 2010

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 moved higher after a better than expected update from Yell. The group said there had been a noticeable improvement in the rate of revenue decline while confidence has returned among its small business advertisers.Q3 to December revenues were down by 13% against expectations of a 16% decline and although Yell expects a 16% decline in Q4, it expects the benefits of the â€œcurrent sales canvassesâ€ to emerge thereafter. Net debt is now down to Â£3bn following the fundraising. EBITDA for the full year is expected to be Â£600m.Numis has lifted its full year forecast for both this and next year by Â£10m. Its target is for Â£240m pretax this year and Â£250m pretax next (7.1p). Tipped at 16p last April, some profit shoul ...

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Findel

Prezzo - To open 10 restaurants versus 2 last year

Yell (December 2009)

Yell - Outlines plans to raise Â£500m (October 2009)

Yell (August 2009)

Yell (June 2009)

Yell Group - Rising on high volume (April 2009)

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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