Updates

International Greetings

June 2011

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.

Ahead of reporting full year results in July, IGR has issued an in-line statement. For the year just ended to 31 March, broker Arden forecasts Â£214m sales, a pretax profit of Â£5.1m and eps of 7.3p, reflecting organic revenue growth of 7% and gross margins up slightly from 16.9% to 17.8% helped by the ongoing focus on improving efficiencies and building market share at the value end of the market. Debt also continues to fall and now stands at Â£45m. For the year underway Ardenâ€™s forecast has inched ahead to a pretax profit of Â£6.9m and eps of 10.4p. Keep on buy list. ...

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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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