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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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First Technology - Growth in car safety equipment

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.

First Technology, which makes automotive sensing and safety equipment, including crash test dummies, used to enjoy a cult followingamong growth stock investors after delivering a superb share price performance during the late 1990s.  Those lucky souls who bought in at 11p in 1992 would have seen their shares rise sixty three fold when they peaked at 697p in September 2000. But like many so others, its star has waned following the economic downturn's effect on the US automotive market. But the shares have started to pick up lately after the company signalled an improvement in trading at its interim results and its low PE of 9.0 suggests there will be more to come.   Thegroup was originally involved in fire detection, sec ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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