Updates

Creston

June 2006

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.

Creston has announced two significant acquisitions which have virtually doubled its size. The combined upfront element for the two is £37.5m together with deferred consideration based on future profits. To fund the upfront elements, Creston has completed a placing and open offer on a 1-for-12 basis at 165p to raise £14.15m after costs, with the remainder coming from increased borrowings and existing cash resources. The first business being acquired is The ICM Group, a leading UK market research agency, with clients including Vodafone, Wannadoo, Norwich Union, BR and Saga. The business conducts and analyses research on consumer and corporate behaviour through both face-to-face interviewing and also via the telephone. ...

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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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