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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Leeds Group - New focus on niche financing leasing

June 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.

Having sold or closed eleven businesses since 1999, Leeds has completed a remarkably smooth  withdrawal from textile manufacturing.  Prospects  look the best for  years, with management now focused on its fast growing niche finance leasing business. Established in 1900 by the amalgamation of severalYorkshire textile businesses, Leeds tried to shield itself from anindustry in structural decline by acquiring other textile businessesbetween 1987 and 1997 to achieve geographic and productdiversification.   Inevitably, this ran into problems in thelate 1990s when its customers switched to lower cost producers in Asiaand the Far East and the company nearly drowned under debts thatreached close to £1 ...

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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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