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Growth Portfolio 2 - May

May 2007

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 warmest April on record didn’t keep investors away with the FTSE back up to levels last seen in 2000. The Dow performed even better and climbed to an all time record, whilst the Chinese exchange has rocketed 40% since February after the well publicised 9% drop. Most of the running therefore seems to have been in larger caps triggered by bids and hedge fund activity but in our Growth Portfolio universe, the stars were Spice (hitting a high of 580p), Character (209p) and Vega (287p). In terms of new additions during the month, we added both Arena at 71.5p and Cosalt at 374p. During the month Cosalt placed 697,646 new shares to fund acquisitions which was heavily supported by Hanover. This looks a really ...

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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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