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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Newfound

December 2006

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.

  • Epic Code:
  • NFND
  • Price:
  • 77.5p
Shares in last month’s recommendation, Newfound, have inched to a new high of 78p following news that niche UK airline Astraeus will fly two scheduled flights per week from Gatwick to Deer Lake, which is just 20 minutes drive from Newfound’s Humber Valley luxury resort. This should help Newfound sell more units as well as increase tourist traffic there. Apparently, broker Collins Stewart got into a muddle over its forecasts and Newfound’s PR have asked us to provide the updated ones. The estimated NAV should be 121p, while the revised pretax profit forecasts are US$8.5m for this year, rising to US$43.1m next year and US$72.2m in 2008. The shares remain a buy but only for those pr ...

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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.

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