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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Charles Stanley - Cash rich play on FTSE recovery

July 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.

Despite a number of false dawns over the last three years there are signs that the latest recovery in the FTSE-100 has more solid foundations.  As a result, many  companies  geared to the market's fortunes, such as stockbrokers and fund managers have enjoyed impressive gains as investors look forward to a return to higher advisory fees and commission based transactional income from thecorporate sector and private investors.  One of our favourites is Charles Stanley (market cap: £65.7m) because of its £27m cash pile (64pa share) and its position as the one of the largest full service stockbrokers in the UK.  Charles Stanley is one of theoldest members of the Stock Exchange, its origins going back to th ...

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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