Updates

Wembley - Shares suffer bout of volatility

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.

Wembley, which derives nearly 90% of its profit from high-tech one-arm bandits in the US, has been one of the most volatile stocks we have covered, with the shares gyrating between 507p and 701p since our main recommendation in March. This volatility reflects the fact that Wembley enjoys huge potential opportunities, but these are offset by equally large threats, none of which were resolved at Wembley's interim results, for the six months to 30 June. Those results showed a decline in operating profit from Â£20m to Â£18m, mainly because of a significant strengthening in Sterling against the Dollar. Wembley's big opportunities include aforthcoming extension to its one arm bandit operation, known as v ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Haynes Publishing

2003 Naps Updates... - Average gain 101%: Take part profits

Wembley - Receives several bid approaches (January 2004)

Wembley - Disappointing indictment (October 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.

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