Updates

James Fisher

May 2005

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.

The AGM was generally positive in tone with Fisher noting that the two recent acquisitions in nuclear decomissioning had bedded in well and would contribute to profit in the first half. Fisher also reported progress in the cable laying side with the Oceanic Princess returning to activity this month after two years in lay-up. She has been employed in seismic testing work off Indonesia with BP as the ultimate customer. We tipped the shares last month on the back of the growing nuclear side. Keep holding/buy. ...

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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

James Fisher

May 2005

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