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Fayrewood - Shares hit new highs

February 2005

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.

The shares jumped 14p to a new high of 152.5p when Fayrewood announced that results for the year ended 31 December would be significantly ahead of the previous year and modestly ahead of the upper end of market expectations. This came about thanks to strong sales growth across the group in the seasonally important final quarter. Prior to this statement Arbuthnot had been forecasting a pretax profit of Â£16m and earnings of 16.1p. Gain since our main recommendation in September 2003 (at 79p) has reached 91%. Keep holding ahead of final results and likely forecast upgrades scheduled for 10 March. ...

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Topps Tiles - Underlying sales growth still over 15%

Northgate - Hire fleet grows to nearly 70,000 vehicles

Fayrewood - Time to take profits (April 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 - IT distributor beats forecasts again (February 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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Fayrewood - Shares hit new highs

February 2005

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