Updates

Powerleague - Two new centres to open in H2

January 2008

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.

At its AGM, five-a-side football pitch operator Powerleague noted that sales and profits have continued to grow in the first 21 weeks of the current financial year, while its cash position remains strong. H1 has seen three new centres opening in Cardiff, Milton Keynes and the City of London and they should all make positive contributions in the second half. Powerleague is also on course to open two new centres, including one in Shrewsbury, in H2. Meanwhile, it has continued to upgrade its existing estate with seven more centres being refurbished with the latest fifth generation pitches. The shares have proven resilient in a falling market and with the fundamentals so strong, we expect them to inch towards the recent high of 115p. ...

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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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