Updates

Alexon - Strong recovery from Dolcis

May 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 ladies fashion retailer, Alexon, have inched towards the top of their trading range, following the release of excellent final results, in line with upwardly revised forecasts. For the year ended January 2003, pretax profit increased almost 30% to Â£30.5m, on turnover up 6.6% to Â£398m, while earnings rose 39.8% to 35.1p. Alexonbrands, which include Minuet, Kaliko and Dash, only grew profitmarginally from Â£20.2m to Â£21m, with the biggest improvement comingfrom the three businesses Alexon acquired in 1999, Bay Trading, Styleand Dolcis shoes. At that time they were loss-making but Alexonsaw them as a way to reduce its reliance on department storesales. Last year Bay Trading doubled pro ...

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New Look - Cost cutting cushions downgrades

Maiden - Better short-term value elsewhere

Alexon - Signs of end to growth; take profits (August 2004)

Alexon (February 2004)

Alexon - Redeems £20m preference shares (November 2003)

Alexon (February 2003)

Alexon (November 2002)

Alexon - Still undervalued on PE of 8.4 (May 2002)

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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