Updates

Deltron - Acal buys 4%

August 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.

The shares jumped 6.5p to 70.5p on news that electronics component distributor, Acal, had taken a 4% stake. Deltron's chief executive, Christopher Sawyer, told TMI that he believes this is a prelude to a possible bid in around 12 months, assuming trading conditions have picked up by then. Alas, Acal's move came toolate to stop Deltron's shares falling through our 68p stop-loss. Our original recommendation was effectively a bet on an industrywide recovery taking place by the second quarter of 2002. Although our call now looks at least a year too soon, Deltron is in the best possible shape to take advantage of any upturn following arestructuring of its cost base. Employee headcount has fallen fromov ...

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Parkwood - Third PFI contract wim

Tribal

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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