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Growth Portfolio 2

March 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.

There are some signs that the market is starting to wobble as we intimated last month. Nevertheless, the portfolio made it to a new high and indeed an all time record. The overall gain is now 318%. That represents a performance which is 27.2x better than the All-Share against which we benchmark ourselves.As indicated last month, we engaged in more profit taking. We sold a further 2,000 shares in Mears at 310p, up more than five-fold on our 55p buy price. We also sold a further 1,000 shares in Accident Exchange at 484p, up seven-fold on the 65p buy price. The two sales lift the cash balance to 15% of the overall portfolio value, which is a comfortable place to be.We deliberated on whether to topslice Neteller again but by th ...

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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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