Primary Recommendation

Fayrewood - IT distributor eyes recovery

September 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.

"It's 1999 all over again" stated one analyst, when referring to thedramatic recovery in technology stocks. It's hard to disagree with this blast of bullish optimism with the Techmark-100 Index showinga gain of 61% from its low point. With this in mind, wemet with IT distributor, Fayrewood's chairman, Pierce Casey, and chiefexecutive, Paul Griffiths, following the company's interim results on7 August. Fayrewood is a pan-European distributor of computersoftware and hardware and its shares provide a great opportunity tomake a large capital gain because like any distributor, the businessis highly geared to turnover. And so it has already started toprove again, with the results showing a massive 43% in ...

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Sectors on the move - September

Comino - Buoyant order books for workflow software group

Fayrewood - Time to take profits (April 2005)

Fayrewood - Shares hit new highs (February 2005)

Fayrewood - Computerlinks sales up 17% (December 2004)

Fayrewood - Another eranings upgrade pushes prospective PE down to 7.6 (September 2004)

Fayrewood - Results will beat forecasts (again) (August 2004)

Fayrewood - Arbuthnot finally upgrades forecasts (July 2004)

Fayrewood - Still outperforming the sector (June 2004)

Fayrewood - Niche distribution overtakes ComputerLinks (April 2004)

Fayrewood - IT distributor beats forecasts again (February 2004)

Fayrewood (December 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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