Updates

Davenham - No deterioration in bad debts

October 2006

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.

Results for the year ended 30 June noted fresh records in business volumes, revenues, profits and earnings. But our caution to take part profits at 345p in March now looks very well timed as there has been no significant recovery despite these good results, as the market remains cautious. Davenham is an asset financier - it provides finance for short-term property transactions, trade finance for importers and wholesalers as well as hire purchase and lease facilities for plant and machinery to a cross-section of industry and commerce. After a slight wobble in H1 when Davenham found one retail-related transaction went wrong, causing its overall provision for bad and doubtful debts to increase to 2.3% of the loan book, H2 showed th ...

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Hargreaves - Overseas move expected

Homebuy

Davenham - Bid approach (November 2007)

Davenham (September 2007)

Davenham (July 2007)

Davenham - BTL and commercial mortgages launched (March 2007)

Davenham (February 2007)

Davenham (August 2006)

Davenham - Unexpected bad debt provisions (March 2006)

Davenham - Shore Capital initiate coverage (January 2006)

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.

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