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Growth Portfolio 2

February 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.

A reasonable month for the portfolio with another increase of 4.4%. However, as we head into March we’re a little concerned we may see a wobble like last year. With that in mind, it’s time to take  some profit  One obvious candidate is March Networks, up 268% since last May and half our holding has been sold at 1890p leaving a ‘free carry.’ There are signs that some parts of the market are  overstretched and we would advise topslicing some of the big winners. But there are pockets of opportunity for reinvesting. At present, the software sector looks ready for a second wind so we’ve highlighted Kewill and also PR to the technology sector Next Fifteen. Another we like is recent addition H ...

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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.

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