Sunday, September 4, 2011

3 not-so-great growth shares for 2010

In January 2010, Alan Oscroft of TMF tipped the following shares in an article: RM (RM), CNT (Connaught) and SPI (Spice). Turns out that the companies were not such good picks. CNT went bankrupt, SPI suspended trading in December 2010, having been acquired at 70pps. I don't know what the price was at the time of the recommendation, but I assume it was higher. Over the period since TMF recommended the shares, RM is down 44%, against the Footsie of down 4%.

Not great picks, then.

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