Updates

International Greetings - Net cash expected to reach Â£13m

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.

Shares in International Greetings, the designer and manufacturer of private label greetings products, such as gift wrap, crackers and stationery, have gained a useful 59% in the two years since our main recommendation in January 2003 at 221.5p. The group's recent interim results for the six months ended 30 September, fully underpin this progress with pretax profit before goodwill increasing 17% to Â£6.3m, onturnover up 16% at nearly Â£62m. Excluding the maiden contribution from the recently acquired Hoomark, turnover and profit still grew 7% and 12% respectively. Earnings grew 17% to 10.5p. Highlights in the period included extending the important Disney licence for a further three years. This covers all the fo ...

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Gulf Keystone

UK Coal

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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