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Shiloh - Cluster buying by seven directors

November 2002

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.

Interim results for the six months to 30 September, brought forward due to the sudden lurch down in the share price, showed turnover from continuing operations up 16% to £21.9m. Operating profitbefore goodwill was £392,000 down from £804,000. Earnings were 1.5p,down from 6.9p. On the surface, less than inspiring. However,the results mark the start of a more dynamic growth phase for Shilohunder its new chief executive, Graham Collyer, who will take the helmon 1 January. Collyer, a former executive at SSL (353p), has been adirector of Shiloh since December 2001 and appears to be doing a kitchen sink job on profit.  As well as strengthening thedivisional management with three new appointments, during th ...

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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.

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