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Tribal

September 2002

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.

Tribal has strengthened its public sector consulting business withthe acquisition of Yale Data Management for £9.6m, of which up to £3.9mis on a deferred earnout basis. The initial consideration is £5.7m (£5mcash and rest in shares). Yale supplies a range of IT, IS andmanagement consultancy services to public sector organisations. In theyear to 31 March, Yale made an operating profit of £695,000 on sales of£6.9m.Although well off the 379p high reachedin June the shares are still above the 165p float price when we firsttipped them. Keep holding. ...

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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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