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Big Yellow

June 2009

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.

  • Epic Code:
  • BYG
  • Price:
  • 341p
Our main recommendation last December at 198p proved well timed with the shares having risen more of less continuously since then to 330p. During the month, the company announced its results for the year to 31 March. At the time they were at a 60% discount to net asset value and the latest results have provided reassurance to investors that the rate of decline in property values has slowed, with the net asset value down from 522p to 457p during the year (based on a yield of 8.6%) but recording a decline of just 1.9% in H2 to 457p a share. Loss before tax after including the property diminution was £71.5m.In terms of the operations themselves, Big Yellow opened three new stores in the period. Occupied space at the period end was 1 ...

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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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