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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Harvey Nash

November 2002

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 pan-European IT recruitment firm, Harvey Nash, which onlytwo years ago was trading at 820p, with a market value of  £229m,have suffered the ignominy of becoming a penny share. Nevertheless, its interim results, announced on 18 October, indicatedthe first stirrings of recovery, which prompted the shares to jump over50%.Harvey Nash provides a range of recruitment services, includingexecutive search selection, permanent recruitment, interim managementand contract services.  In the four years to January 2001, Nashhad successfully ridden the crest of the wave in  IT spending,with its sales and operating profit growing from £36.3m and £3.9m to£226m and £15.4m, respectively. Much of this growth was driv ...

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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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