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White Young Green - Sharp rally in shares ahead of refinancing

May 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.

  • Epic Code:
  • WHY
  • Price:
  • 33p
The Financial Times of 18 April carried the headline, “Dash for trash among mid caps” citing  that investors had been selling defensive shares such as pharmaceuticals and tobacco and were piling into cyclical stocks. In particular, the article noted that the biggest share price gains were being seen in companies with a capital structure heavily weighted towards debt.Share prices of such companies have been  rising as worries that these  companies would breach bank covenants receded and shareholders would no longer see their investments wiped out by debt for equity swaps. In fact, in Sharewatch we had been ahead of the game and last month we pointed out that credit markets were showing signs of easing and ...

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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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