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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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S&U

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.

  • Epic Code:
  • SUS
For the first time in four years S&U, the provider of homecollected credit, saw a slowdown in underlying profit growth in the sixmonths to end July and the shares were marked down to 450p, havingtouched an intra day low of 410p.  Operating profit was flat at£4.8m for two reasons.  Growth in business transacted slowed toless than 1% (£43.1m versus £42.9m) and there was a jump in bad debtprovisions from £2.2m to £2.8m.  Thanks to the profit on the saleof a property and lower interest payments, pretax profit inched ahead6% to £4.5m.  S&U blamed its decision to write less business  on theeconomic slowdown in a bid to avoid exposure to loans of dubiousquality, which could lead to bad debts.  ...

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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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