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Growth Portfolio 2

January 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 positive start to the year with the portfolio climbing by £9,059 to a record close. We were quite surprised at that; it didn’t feel that strong but there were two constituents that climbed by £1; Accident Exchange and Neteller and one more than £2, March Networks. As the portfolio stands, it’s showing a gain of 291% versus the FTSE-100 which has finally clawed its way into the black with a 0.2% gain in the period.The biggest eye opener for the month was the sale by Mears’ chairman Bob Holt of virtually all his holding. He sold 2.7m shares at 300p and is now left with a holding of just 0.5m. He’s done very well out of this having paid just £50,000 when he bought a 25% stake a decade ...

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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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