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2026 New Year NAPS - 12 shares for the year ahead

January 2026

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.

2025 will be remembered as a year that continued to test patience in small-cap equities rather than one that undermined their underlying appeal. When forming my shortlist this time last year I had not accounted for  “left field” events: Trump taking a particularly muscular approach to tariffs nor that interest rates would  take longer than expected to fall and consequently my selections over-indexed on consumer / recovery / UK pure play.  Of the 12 NAPS, two managed to attract bids - Inspired and Inspecs, at +81% and +91%, respectively (although Inspecs is seemingly encountering a last-minute  block by a trade buyer) but the gains were not sufficient to offset weakness elsewhere. In particular, Trump’s tariff changes triggered a 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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