Updates

Ideal Shopping Direct - Founders back in control

March 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.

Right on cue, having acquired a combined 29.4% holding in January, Ideal Shopping's founders, Paul Wright and Val Kaye, requisitioned an EGM to remove the directors. To save their blushes and avoid the meeting a number of board changes have since occurred. The chairman and two non-executive directors are being made to walk the plank with Wright moving to the chairman's role and Kaye becoming a non-executive. A certain Prem Nath Anand has just popped up on the register with a 5% holding; his part or his connections to Wright remain to be seen. We think a recovery or failing that a bid now seems inevitable. Buy. ...

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Ideal Shopping Direct (July 2010)

Ideal Shopping Direct - Shares hit new highs (May 2010)

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Ideal Shopping Direct - Like-for-like sales are now positive (November 2009)

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Ideal Shopping Direct (November 2008)

Ideal Shopping Direct (October 2008)

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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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