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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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TMI Trader Portfolio - January

January 2004

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.

After enjoying such serene progress for much of 2003, the TMI TraderPortfolio finally succumbed to a slight knock-back this month, falling 3%, while the FTSE-100 was virtually unchanged.  Nevertheless it remains over 50% ahead of its starting point.   The best performance came from Mayborn, which announced it would exceed analyst's forecasts, with most of the improvement again coming from the babycare products side.   House broker, Collins Stewart,has upgraded its pretax profit forecast for the current year from £5.5m to £6.3m, for earnings up from 16.8p to 19.6p, while for 2004 earnings have been upgraded to 22.1p.   Mayborn's prospective PE has now fallen to  just 10.3 and given it ...

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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