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Market Comment - March

March 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.

We always emphasise the FTSE-100 index as a measure of the overallhealth of the UK stockmarket, but we mustn’t overlook the recent newall time peak on the FTSE-Mid 250 (which is higher than the bull marketpeak in September 2000).The best of the UK fund managers that have a broad mandate havefound rich pickings amongst the diverse Mid-250, which contrastssharply with the FTSE-100 index that is dominated by mega sectors, suchas oil, pharmaceuticals, banking and telecoms. Such opportunities havealso been evident further down the capitalisation scale, where we willtypically research our opportunities for this newsletter.All three indices (including the SmallCap index) fell in the regionof 50% to the lows in March 2003. As of ...

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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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