image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

Avesco - Director buys £2.5m shares

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.

Shares in Avesco, whose core business of corporate presentations is complemented by its 49% shareholding in the hit quiz show, Who Wants tobe a Millionaire, look poised for a sizeable breakout.  Deputy Chairman, Richard Murray,  has signalled that the collapse in Avesco's shares from their 1288p peak to 64p was an over-reaction to the downturn in its markets, by spending a total of £2.5m  to increase his holding from 4.4% to 19.1% of the company.   We also believe Avesco's current market value of £13.5m is too low, both because its core business will bounce back sharply when  poorly financed competitors go to the wall, but also because Millionaire, which has picked up lately, would probably fetch that amount alone in atrade sale. < ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

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