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Kleeneze - Results on 7 July

June 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.

In a pre-close trading statement following the year ended 30 April, Kleeneze said that trading had been in line with expectations.The Kleeneze network marketing business, which offers a range of home and personal care products through catalogues distributed to customers homes, completed its move to its new dedicated distribution centre at Hanham in April. The move affected Kleeneze's ability to recruit distributors although the resulting efficiency gains have offset this with margins showing improvement.  Farepak, the hamper and voucher business is also on-track to meet expectations and new products targeting younger buyers are to be launched shortly. (Meanwhile, remember this business which holds customers' cash for l ...

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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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