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Growth Portfolio 3 - May '23

May 2023

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.

A stronger month for shares. The big standout was the flurry of bids now being seen - in GP3’s case, the increased offer for Kape and the approach for THG from Apollo. The latter sent THG’s shares to a 60% gain on GP3’s buy in March, not that this made its 51-year-old CEO Matt Moulding, any happier.  Having had a hairy ride since the shares floated in 2020, he has been launching an attack against the London stock market. I can see why; in the 30 years I’ve been editing SCSW, algo and bot traders have increasingly taken a wrecking ball to share valuations, creating a mismatch between perception 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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