Primary Recommendation

New Look - Further broker upgrades expected

October 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.

At a time when most companies are warning on profits, ladies clothing retailer, New Look, is enjoying the best ever trading in its 33 year history. A year ago analysts were expecting New Look to make Â£30m pretax profit in the year to March2002. In the event, profits were nearly double those forecasts coming in at Â£57.7m. But this is not a flash in the pan. Thearrival of a new management team led by chief executive, StephenSunnucks, in May 2000 has coincided with that dramatic improvement inprofitability. Sunnucks has a well thought out strategy, wherethe central plank is the relocation of 160 of New Look's 487 stores tolarger sites, which generate more than double the ...

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Sectors on the move - October

Thorntons - Chocolates retailer on the mend

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 (November 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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