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Findel

January 2003

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 solid set of interim results to 30 September saw another impressive performance on the home shopping side whilst the educationalsupplies business was held back as the educational sector deferred purchases due to uncertainty over the funding of teacher pay rises.  Even so, overall turnover managed to rise 21% to £142m andpretax profit by 27% to £2.6m.   Sales in the homeshopping division which operates through catalogues, offering productsand financial services to its customer base, grew  by 37% to£65.8m and operating profit by 27% to £2.9m. The customer base at theperiod end was 1.4 million, up 9.2% on a year ago. What isdriving growth is that now over 50 per cent of all catalogue customerstake c ...

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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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