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Growth Portfolio 2 - January

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.

What a difference a year makes, with the Growth Portfolio standing more than double the level of the January 2003 issue and at a new record. Overall gain during the month was 3.3% which compares to the FTSE which has had a ten-day winning streak as we write, and is up 3.8%. Lookingat the individual movers, leading the way were Telecom Plus, Vega,Photo-Me and Armour which are pushing towards new highs. The only disappointment continues to be Eurodis Electron, where the company has announced that it expects to incur further losses for the year. Tradinghas showed some signs of recovery, with "Q2 sales  substantially higher than Q1," but the rate of recovery remains below expectations. Eurodis said its single warehouse has impr ...

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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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