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The best stocks to buy since 1993

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Accident Exchange - Risk reward appealing once more

May 2008

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.

  • Epic Code:
  • ACE
  • Price:
  • 54p
Accident Exchange (ACE; 54p) is an old friend to Sharewatch Growth Portfolio II, a company we recommended at 65p in August ‘04 and suggested our first bit of profit taking just three months later at 176p, leaving a half holding in for free. They went on to hit a high of 470p in early ‘05. But the company, which operates in the accident assistance industry, has since come all the way back and more. To recap, the company provides a replacement vehicle service to motorists in accidents where they are not "at-fault" - for example if your car is hit whilst you are waiting at the lights - and it targets the prestige end of the market, supplying marques such as BMW, Mercedes, Porshe and Audi. It offers a free credit hire service to m ...

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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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