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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Maiden - Variable trading

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.

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Maiden issued a trading statement  ahead of its December year-end, stating that  after a pick-up in sales last autumn its  rate of recovery dropped significantly in December to a levellower than previously forecast and it now expects to make a pretax profit of around £6.3m.  However, there was better news going forward.  Turnover in January is some 50% ahead of the admittedly weak January a year ago.  February is also looking stronger.   Thehoped for V-shaped recovery is yet to materialise, with tradingpatterns too patchy to identify a trend, while  the shares look  vulnerable to what Alan Greenspan recently termed"geo-political risks" further dampe ...

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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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