Updates

Wembley - Disappointing indictment

October 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.

On 9 September, US District Court for Rhode Island issued indictments against Wembley's chief executive, Nigel Potter, Daniel Bucci, CEO of the Lincoln Park subsidiary, and that subsidiary itself, claiming they made illegal payments to improperly influence its LincolnPark lawyers. Wembley still believes that the allegations are without foundation and "will defend them vigorously." While this "worst case scenario" was on the cards the shares still fell sharply because of fears that Wembley would be forced to sell this operation, which generates nearly 90% of group profit, if the State Lottery Commission deems it unsuitable to run it. Wembley could also face heavy fines and lose those executives to jail sentences. < ...

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Nord Anglia - Nursery acquisition

Highbury House - Disposal still awaited

Wembley - Receives several bid approaches (January 2004)

Wembley - Shares suffer bout of volatility (September 2003)

Wembley - Shares strong ahead of 7 August results (August 2003)

Wembley - US legal worries hit share price (April 2003)

Wembley - High-tech one arm bandits transform prospects (March 2003)

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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