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Market Comment - March

March 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.

While this column has invariably discussed macro risks, the rest of the publication has continued to successfully identify some superb money-making opportunities in smaller companies.  Right now we have identified so many such opportunities that it is difficult to fit in writing the newsletter between more searching, but overwhelmingly positive, meetings with management of these companies. This isa great indicator.  While we worry about the big risks e.g. USdeficits and too much debt, at a company level there are plenty notjust making profits but also having good reason to expect further improvement.  You must though have a balance, and understand that one of a number of macro risks could trip up even the best re ...

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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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