Primary Recommendation

Spring Group - Best placed in the ITSA sector

January 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.

Spring, which supplies permanent, contract staff and training, with its principal market in the IT sector but also in general recruitment, is poised for a second burst of strong growth. The first camein the 1990s when the business was then known as CRT and grew rapidlywith a string of acquisitions by its previous management, includingPitman secretarial and LINK, a leading supplier of vocationaltraining. But the last two years have seen stagnation whilst the groupreorganised its activities, selling those two large divisions for Â£65mand reducing exposure to dotcom recruitment activities. Recentmanagement changes and a reorganisation of the business are designedto return the group to profitability even if markets remain di ...

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Xansa - Expects to sign more large BPM deals

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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.

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Spring Group - Best placed in the ITSA sector

January 2003

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