Primary Recommendation

Mayborn - Earnings to grow 40% by 2004

April 2003

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.

Stocks that have seen their forecasts upgraded twice in the space of four months are hard to find these days, but Mayborn, a baby care products and fabric dyes business, is one of them. While dyes has remained a steady performer, the catalyst for the upgrade has been improved prospects in baby products, which this year will benefit from the combination of a rejuvenated product range and a dramatic reductionin manufacturing costs. Over the month, we met with managing director and largest shareholder (38.8%), Michael Samuel, and gained the impression that the company is about to enter a highly productive period in its development. This is backed up by broker, Collins Stewart, which forecast earnings to grow&nb ...

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Sectors on the move - April

Quarto - Prospective PE: 4.6

Mayborn - Takeover triggers gain of 564% (July 2006)

Mayborn - Another to receive a bid approach (May 2006)

Mayborn - TP acquisition suffers slow down (November 2005)

Mayborn - Solid AGM statement (June 2005)

Mayborn - Gains approaching five-fold (April 2005)

Mayborn - Gain to date: 247% (October 2004)

Mayborn - Good start to 2004 (June 2004)

Mayborn - Gain so far: 276% (April 2004)

Mayborn - Portolio constituent has gained 146% (November 2003)

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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