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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Freeport

December 2002

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.

Shares in Freeport, which develops factory outlets selling brandedgoods at discounted prices, are enjoying something of arenaissance.  The shares had fallen from a peak of 684p to a lowof  226p because of worries about increased price discounting fromthe competition, and problems (now resolved) with tenants at its newestdevelopment in Gothenburg in Sweden.  But even after the recentbounce  the shares still trade at a 43% discount to net assetvalue  (NAV) of 536p. Freeport owns six outlets in the UK, ranging from Braintree, Essexto Westwood in Scotland as well as its Gothenburg site.  The groupmakes its money in two ways.  First it earns capital growth fromthe annual revaluation surplus of each ce ...

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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