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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Forth Ports - Scottish ports operator with property treasure trove

March 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.

Forth Ports is the largest operator of ports and cargo handling services in Scotland.  The company has traditionally been seen as a sound defensive stock both because its ports effectively enjoy the status of local monopolies, but also because the company owns a huge property portfolio.   This includes 1,500 acres of land and over 1,000 acres of seabed, which is likely to be reclaimed at some point.  Much of this land is situated in or around Edinburgh and will fetch a small fortune when sold for development and investors' expectation of this windfall has seen the shares more than double in the last four years. Forth Ports owns and operates six ports in Scotland, including five in the Firth of Forth, ...

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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.

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