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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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TMI Trader Portfolio - April

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.

The  portfolio enjoyed one of its best months since inception, gaining £3,754 or 4.1% and marginally outperforming the FTSE-100 (+3.6%), largely thanks to a near 11% rise of shares in Photo-Me. Itwas a busy month, with one disposal, one new addition and a top-up toan existing holding.  After further analysis of Albemarle &Bond's interim results we sold the shares at 74p, making a smallprofit of £296.  Although it posted an increase in earnings,  growth in its loan book slowed from over 20% last time to just 14%, while jewellery retail sales were only "marginally" ahead on a like-for-like basis. Albemarle's retail jewellery outlets are  important for realising customer's security pledged against t ...

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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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