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Growth Portfolio 2 - July

July 2005

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 sharp recovery in  most portfolio constituents, with a gainof 7.4%. A further similar rise would take the portfolio past the highit reached in March but we cannot see which single company will leadthe charge, they are never the same each time round. Perhaps NETellerwill continue its ascent and the shares certainly look better valueversus the hefty £4.6 billion valuation being placed on PartyGamingwhich has just listed. Two others showing signs of entering a period ofsustained share price appreciation are March Networks and James Fisher.Fisher has established a new subsidiary to focus on defence activitieswhich it is seeking to expand simultaneously with its nuclear side.March is updated elsewhere in this issue. For those s ...

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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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