Updates

New Look - Founder eyes MBO

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.

Considering that New Look's founder, Tom Singh, had sold 10m shares from his family trust last November, it was very surprising to see him recently announce that he is considering taking the company private, inpartnership with the management team. That said, TMI subscribers won't be complaining with the shares up 26% since our main write-up last October. Earlier, New Look announced improvedtrading at its AGM, with like-for-like sales up 0.1% over the sevenweeks to 12 July, compared to a decline of 6.6% on the previous 8weeks. Gross margins were down 0.2%, a creditable performanceconsidering last year's margin performance was very strong. Given that a major reason for the sluggish sales was low averagesellin ...

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Domino's Pizza - Massive earnings upgrades

Highbury House - Increasing consumer publishing exposure driving re-rating

New Look (March 2004)

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)

New Look - Further broker upgrades expected (October 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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