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The best stocks to buy since 1993

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Homestyle

January 2004

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.

For the first half to 31 October, the seasonally quiet period, sales were £274m resulting in a pretax loss of £5.7m, which is almost all to do with the fact that the furniture division, Harveys, typically makes its money in the second half (sales booked on delivery  to customers homes) and the first half excludes January sales. Debt at the period end was £118m. Harveys has recovered strongly with like-for-likes up 6% in the first six weeks of the second half (although no mention of margins) and an expectation that it will have a successful New Year sale. There has also been good trading elsewhere;  textiles  like-for-like down 2%, albeit at better margin whilst the three bed brands look like a jewe ...

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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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