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Fayrewood - Still outperforming the sector

June 2004

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 I.T. distributor, Fayrewood, jumped to a new high of 143p at one point, after its AGM noted that trading in the first three months was ahead of expectations. In particular, its niche distribution side is benefiting from the fact that its key suppliers, such as Acer (in notebooks) and IBM, which accounts for over 70% of itsUK subsidiary, Interface, have performed particularly well. Meanwhile,Fayrewood's 51% owned subsidiary, ComputerLinks, has announced its first quarter results, which showed a healthy 15% increase in net income to Eu.1.5m, from a 17% rise in turnover to Eu. 49.5m, with its e-Security division again leading the way with a 27% increase in turnover to Eu. 39m. Broker, Arbu ...

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Attentiv Systems - Retail banking software float

Incepta - One false dawn too many

Fayrewood - Time to take profits (April 2005)

Fayrewood - Shares hit new highs (February 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 - 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 - Still outperforming the sector

June 2004

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