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Growth Portfolio 2 - January

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.

December didn't bring home the bacon, with both our benchmark indices and the portfolio virtually unchanged. We suspect that the early part of the year will also not now see its usual positive momentum. We don't necessarily feel that this will be anotherdown year for the market but at the moment it is hard for us to seewhich particular sectors will make the running and there are certainlyfew genuine growth stocks out there. This is reflected in our NAPswhere we have concentrated on special situations. There wereone or two bright spots over the month. Telecom Plus moved to a newhigh after excellent results although Filtronic failed to reflect thefact that Nokia had won over US$100m of orders. As highlighted lastmo ...

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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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