Updates

Alexon - Redeems £20m preference shares

November 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 clothing and shoe retailer, Alexon, our main write-up in March 2002, have really caught fire in the last eight months and now stand 89% ahead of our tip. The catalyst was yet another strong trading performance, as well as news that Alexon will be redeeming its high interest bearing preference shares at the end of October. Forthe six months ended 26 July, Alexon posted a 14.8% increase in profitto £11.2m, with earnings up 15.7% to 12.3p on a lower than expected 28% tax charge. The Alexon brand, which caters for the older woman, was the engine room, with its profit rising from £9.1m to £10m, following a 3% rise in like for like sales and 3% increase in store space. Shoe chain, Dolcis continued its rehabilitation by m ...

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Glisten - Confectionery group defies heatwave

Ottakar's - Book retailer still in fine fettle

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

Alexon (February 2004)

Alexon - Strong recovery from Dolcis (May 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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