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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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TMI Trader Portfolio - August

August 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.

While the FTSE-100 moved sideways, the TMI Trader Portfolio enjoyed a storming month, gaining over £21,000 and is now up 35% since its inception in April 2002.  Photo-Me saw another mercurial rise, while it was encouraging to see Mayborn move up again after a quiet period, with its chart suggesting little resistance all the way to 160p.   There was plenty of newsflow, with Highburyacquiring consumer publisher, Paragon, for £32m including debt. Paragon, which owns 32 titles, predominantly unofficial  videogames magazines, cost 11.4 times operating profit in the year endedMarch 2003, reasonable considering those profits represent growth ofover 100% on the year before.  The big positive is that Highbu ...

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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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