Updates

New Look

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.

As we forecast in last monthâ€™s main write-up, New Look announced that it was experiencing extremely strong trading in itsupdate on 3 October. Like-for-like sales were up 8.7% inthe 26 weeks to 28 September, with gross margin 2.2% higher. As aresult, the group increased its guidance for the first half to apretax profit of Â£44m, against previous broker forecasts of c.Â£38m. New Look remains the star in the clothing retailsector which appears to have brushed off an unseasonal warm snap inSeptember. Broker, Numis, has upgraded its pretax profit forecast for2003 to Â£80m (previously Â£71.1m) and earnings to 25.2p (22.8p). For 2004 it is now pencilling in Â£87m and 27.6p. ...

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Albemarle & Bond

Informa

New Look (March 2004)

New Look - Founder eyes MBO (September 2003)

New Look - Cost cutting cushions downgrades (May 2003)

New Look - Strong like-for-like sales growth (February 2003)

New Look (January 2003)

New Look - Further broker upgrades expected (October 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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