Primary Recommendation

Wembley - High-tech one arm bandits transform prospects

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.

Shares in Wembley are one of the few to have more than doubled sincethe turn of the new century even though the business is little understood amongst the majority of investors, many of whom assume that it still operates a clutch of leisure assets centred around Wembley Stadium. In fact, most of those assets have long been sold and Wembley is now enjoying the most successful period in its history thanks to the new focus on developing its estate of video lottery terminals (VLTs) â€“ high tech one arm bandits - in the United States. This has been largely responsible for operating profit already more than doubling from Â£15.3m in 1997 to Â£32.8m in 2001. Broker, Merrill Lynch, foreca ...

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Sectors on the Move - March

Ottakar's - Harry Potter release to boost sentiment

Wembley - Receives several bid approaches (January 2004)

Wembley - Disappointing indictment (October 2003)

Wembley - Shares suffer bout of volatility (September 2003)

Wembley - Shares strong ahead of 7 August results (August 2003)

Wembley - US legal worries hit share price (April 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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