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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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TMI Trader Portfolio - October '09

October 2009

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.

The sudden spread of market euphoria, which has shades of the so-called Baghdad Bounce from the spring of 2003, has seen the FTSE-100  and All-Share indices rise 9.7% over the month but not to be outdone, the TMI Trader portfolio climbed around £25,000 or 7.8% to £340,968.No fewer than eight of our 12 constituents hit new 52-week highs with the standout performance coming from Hargreaves, which put on nearly £2 a share after results once again significantly exceeded expectations. This prompted broker Brewin Dolphin to increase its 12-month price target to 920p, which if achieved would imply a still inexpensive PE of 10.3. Also going great guns was Cape, which added nearly 25% after fine results and a much more positive out ...

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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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