Updates

Alexon

February 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.

Another TMI favourite to pleasantly surprise, ladies clothingretailer, Alexon has defied the negative sentiment towards clothingretailers by announcing like-for-like sales growth of 2% for both the 6and 22 weeks to 4 January, against demanding comparatives of 15% and10% respectively, in the prior year. In response broker, DKW, hasupgraded forecasts for the year ended January 2003 from a pretax profitof Â£28m to Â£30.2m and earnings from 31p to 33.5p (they were just 26.3pwhen we recommended them last March.) For 2004, the brokerbelieves they will reach Â£32.1m and 36p. Although last yearâ€™s top two performing divisions, Bay Tradingand Style, saw slower sales against tough comparatives, there were goodperfor ...

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New Look - Strong like-for-like sales growth

Johnston Press - Profit "to be at top end of forecasts"

Alexon - Signs of end to growth; take profits (August 2004)

Alexon (February 2004)

Alexon - Redeems £20m preference shares (November 2003)

Alexon - Strong recovery from Dolcis (May 2003)

Alexon (November 2002)

Alexon - Still undervalued on PE of 8.4 (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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