Updates

Homeserve

March 2009

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.

After issuing a profit warning at its interim results Homeserve, which sells annual insurance policies covering emergency repair services for the home, produced a more settling trading update for the period from 1 October to 22 January. In the UK membership side, which is in its key period for marketing activity, new policy sales have continued to perform well and the group expects to achieve similar sales to last year. Importantly, the slight fall in retention rates (which triggered the profit warning) has now stabilised. Meanwhile the reorganisation of the business, aimed at making cost cuts, is progressing according to plan.Elsewhere, both France, through its joint venture Domeo and the USA have continued to deliver stro ...

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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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Homeserve

March 2009

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