Updates

Landround

December 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.

On 3 October, shares in Landround, the voucher-based travelpromotions specialist, soared 24p to 121.5p, after the companyannounced that full year profits for the financial year endedSeptember 2002, would "exceed market expectations." In the backdrop ofthe worst advertising and marketing recession for a generation this isan impressive performance by Landround, fully justifying our decisionto make it a New Year NAP for 2002 at 124p. Broker, Evolution Beeson Gregory, has since increased theirpretax profit forecast for 2002 from Â£0.6m to Â£0.85m (earnings up from7.8p to 11p), while for 2003 they are also upgrading from Â£1m and 13pto Â£1.1m and 14.3p. The broker believes that the key drivers of th ...

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Thorntons

Glisten

Landround - Gain to date: 228% (January 2004)

Landround - 2002 NAP has gained 150% (October 2003)

Landround - Gain:106% (July 2003)

Landround - New earnings upgrade (May 2003)

Landround (March 2003)

Landround (January 2003)

Landround - 22p-a-share net cash (July 2002)

Landround - New Year NAP up 37% (May 2002)

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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