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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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EMI

July 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.

  • Epic Code:
  • EMI
Shares in EMI have endured a roller coaster ride, hitting  a low of 80p, before staging a dramatic recovery to 139p after the group soothed investors nerves with results in line with expectations for theyear ended March 2003.  Underlying pretax profit rose 16% to £177m, with fully diluted earnings of 15.8p.   While themusic publishing side saw virtually unchanged operating profit of£103.5m, the beleaguered recorded music side nearly doubled its profitfrom £83.1m to £151m, in spite of a 12.6% decline in turnover, thanksto its successful cost-cutting program.  The best selling artistwas Norah Jones, who clocked up 11.6m unit sales, close to 5% of thetotal, with Robbie Williams (2 years running), Coldpla ...

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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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