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2004 Naps - Our mini-portfolio for the year ahead

January 2004

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.

Selecting the Naps for this year has been a much trickier job than at this time last year as a number of smallcaps have been rerated. We have shortlisted four growth shares and one complete speculation. As always, our list is based on companies that have been tipped in previous issues so many of you will already hold them. • Domino's Pizza (192p) operates a franchised system of pizza delivery stores run by independent operators which is enabling it to expand without a commitment to capital. The first half to 30 June saw a record 21 new stores added to take its estate to 290 stores (264 franchised and 26 corporately owned). First half pretax profits were up 65% to £3.0m and margins are rising as the unit cos ...

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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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