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Secondary Recommendation

Recruitment stocks surge on recovery hopes

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.

It takes a brave man to be the first to call an industry wide recovery, but that's exactly what Philip Bennett, chairman of recruitment minnow, Quantica, 32p(market cap: £12.9m) did at his firm's interim results on 5 August.  Fortunately for his shareholders, his is not a lone voicewith recruitment bellwether, Michael Page, 152p(market cap: £553m) also beating expectations at its interim's as well as being "encouraged" by a better than expected second quarter to 30 June.  These encouraging signs are backed up by the  CIPS/Reuters Employment Index for July, which showed that the recruitment sub sectors of IT, accounting/finance, medical and cl ...

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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