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Wembley - Shares strong ahead of 7 August results

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.

Shares in Wembley have rallied a sharp 190p since April because of unconfirmed newspaper reports that fund manager, Active Value, which bought a 22.4% stake in June, is considering negotiating amanagement buyout. Elsewhere, Wembley has announced thatthe State of Rhode Island will only allow it to keep 27% of therevenues generated by its video lottery terminal operation in LincolnPark, Rhode Island as from 1 July 2003. Analysts had originallythought it would only fall to 29% in three years time. However,this bitter pill is sugared by the fact that Rhode Island State haspreviously granted Wembley a major extension to this operation, whichshould be open by 2005 and will generate a step increase in ear ...

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Quarto - Bid approach

TMI Trader Portfolio - August

Wembley - Receives several bid approaches (January 2004)

Wembley - Disappointing indictment (October 2003)

Wembley - Shares suffer bout of volatility (September 2003)

Wembley - US legal worries hit share price (April 2003)

Wembley - High-tech one arm bandits transform prospects (March 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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