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The Growth Portfolio

February 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.

It was a difficult month in which to make money and the portfolio declined by 2.9%, more or less in line with our two benchmark indices.There were two transactions to report this month, one buy and one sell. Ultimate Leisure was the subject of a main write-up last month at 213p. We took advantage of a wobbly market to add 2,500 shares as a trading buy ahead of interim results on 26 February.We reluctantly sold our holding of 2,000 shares in CSS Stellar at 280p, a small loss. The media sector has been slammed this month and remains under pressure following a profit warning from Sportsworld, which said it was experiencing delays in closing sponsorship deals. Although CSS has a high level of contracted income and remains highl ...

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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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