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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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

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.

With three of our New Year Naps (see inset box on page 1) showing substantial gains, now is a good time to lock in part profits.  Our biggest winner, Photo-Me has risen 372% since our original tip in February.  However at the current 111p  there is little room for any hiccups (not that we're expecting any) with the PE (admittedly on Hardman's conservative earnings forecast of 2.95p), being nearly  38.    Meanwhile Ottakar's has gained 78%, and now trades on a  prospective PE  of 13.2.  Although that doesn't sound vastly overpriced, its forthcoming like-for-like sales this Christmas will be up against tough comparables from last year.  Director selling has been a feature at Topps Tile ...

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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