Tuesday, August 23, 2005
Crucial day approaches
Fayrewood is the second-largest holding in my portfolio. My stake in the company was taken following very successful ventures into Ben Bailey (in at 178p, out at 470p) and Mayborn (in at 282p, out at 430p). The proceeds from these sales were sunk into positions in Fayrewood at 110.5p and 111.5p around April.
Tomorrow, Fayrewood announces interim results for the first six months of the year. These results will provide a crucial indicator toward the final year and also provide vital information on trading. With the shares currently trading at 110p to sell and expectations for the full year of 17p earnings per share any results over 7p earnings for the first half could see the shares rise sharply and with them, the rest of my portfolio.
I'll have more information at 7 a.m. tomorrow when the news is announced to http://www.uk-wire.co.uk/ and from 8 a.m. onwards when the market opens and Fayrewood trade begins.
The Artful Dodger
Tomorrow, Fayrewood announces interim results for the first six months of the year. These results will provide a crucial indicator toward the final year and also provide vital information on trading. With the shares currently trading at 110p to sell and expectations for the full year of 17p earnings per share any results over 7p earnings for the first half could see the shares rise sharply and with them, the rest of my portfolio.
I'll have more information at 7 a.m. tomorrow when the news is announced to http://www.uk-wire.co.uk/ and from 8 a.m. onwards when the market opens and Fayrewood trade begins.
The Artful Dodger
Comments:
Post a Comment
