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Findel

May 2010

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:
  • FDL
  • Price:
  • 24.2p
A trading update said that pretax profits before exceptionals for the year to end March will be between £16m and £17.5m - at the lower end of expectations, predominantly due to sales in a more difficult market and a more prudent approach being taken in recognising profits for the educational division. The company also unexpectedly announced that whilst 2010 results are unaffected, its previous year’s results are going to have to be restated down by £4m, having reviewed some accounting entries in the education division following a change in that division's management.Overall sales are expected to be up 1% to £582m and net debt at £310m, in line with expectations. Set stoploss at 19p. ...

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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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