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Growth Portfolio 2 - January 2008

January 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.

What a difference a year makes. This time last year, the portfolio had just reported its largest ever monthly gain of 14.4%, continuing into February with a further gain of 4.3%, significantly outperforming the benchmarks and sending the portfolio gain to over 400% for the first time. But it turned out to be a year of two halves and since March it became tougher to make money. But we sense the pendulum has swung too far the other way and many valuations are in the bargain basement. Three portfolio constituents have been on the receiving end of bids in the past few months; not a bad hit rate given the portfolio holds fewer than 20 companies. Xansa and Revenue Assurance were removed last month at significant premiums and this mont ...

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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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