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Growth Portfolio - June

June 2005

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.

A considerably calmer time for small caps with the Portfolio feelingreasonably firmer on the month. Both benchmarks show similar small gains. We don't think we're out of the woods yet in terms of continuing volatility in markets. There are worries about thehealth of hedge funds facing redemptions and also about the state ofconsumer confidence. But investors can be carried away on peaks ofexuberance and despair so we need to give some consideration as towhich stocks will continue to fare well.  Take the case ofNETeller, which has reported excellent Q1 results and having peaked at762p in March it recently bottomed out at 460p. It continues to growstrongly and has terrific operational gearing. Part of the wobble i ...

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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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