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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Lastminute.com

March 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:
  • LMC
Lastminute has released its Q1 December results.  This is seasonally the quietest (Q4 is the busiest), and pretax losses before goodwill  reduced from £7.2m to £3.8m.  Turnover (mainly commissions)  lifted from £4.7m to £11.7m.  All the key indicators showed substantial progress,  led by an improvement in customer conversion rate from 22.6% to 25.6% and a 6% increase in registered subscribers to 6.8 million users.  But this was tempered by news of higher than expected costs, in sales & marketing and implementing the outsourcing of UK data entry.  This, along with delays in  receiving cost savings from integrating Travelprice.com, has caused Cazenove to cut its earnings forecasts for 20 ...

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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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