Secondary Recommendation

Fayrewood - IT distributor beats forecasts again

February 2004

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.

With the Techmark 100 index having virtually doubled since its low point last March investors clearly believe that IT companies willonce again have their time in the sun. One company poised for a re-rating is pan-European computer software and hardware distributor, Fayrewood. Old-timers will remember that Fayrewood, the brainchild of corporate builder and venture capitalist, Pierce Casey, enjoyed a fantastic run first time around, with the shares rising from 36p to a peak of 278p. Somewhat against the odds Casey and his chief executive, Paul Griffiths, have guided the company relatively unscathed through the recent turbulence and with the wind once again picking up its sails broker, Arbuthnot, has just upg ...

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Fayrewood - Time to take profits (April 2005)

Fayrewood - Shares hit new highs (February 2005)

Fayrewood - Computerlinks sales up 17% (December 2004)

Fayrewood - Another eranings upgrade pushes prospective PE down to 7.6 (September 2004)

Fayrewood - Results will beat forecasts (again) (August 2004)

Fayrewood - Arbuthnot finally upgrades forecasts (July 2004)

Fayrewood - Still outperforming the sector (June 2004)

Fayrewood - Niche distribution overtakes ComputerLinks (April 2004)

Fayrewood (December 2003)

Fayrewood - IT distributor eyes recovery (September 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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