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Eurodis Electron

June 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.

Eurodis has issued a trading update ahead of full year results due on 27 July. Sales, margins and overheads for the year ending 31 May will be in line with market expectations (see forecasts in last month's issue) with bank debt substantially lower than the Eu70.3m market expectation. Trading in Q4, while stronger than a year ago, is being characterised by improved order intake rather than price increases. Having sustained a loss of market share, Eurodis said its aim now is to recoup that share, rather than seek to improve margins. This may delay a return to profitability by a few months. The shares are back towards the placing price and are overdue a bounce. Excellent speculative buy. ...

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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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