Page 1
JOHN SMITH - Client ref (C12345 )
Valuation of securities as at 23 July 2004
_________________________________________________________________________________________________________________________________________
Amount Stock Price Cost Market Estimated Estimated
Value Income Yield %
_____________________________________________________________________________________________________________________________________________
OIL EXPLORATION & PRODUCTION
____________________________
19679 WATERFORD WEDGWOOD/WATERFORD WEDGWOOD UK 162.50p 36,150 31,980 1,584.90 4.96
UNITS (1 WW ORD EURO 0.06&1 WW UK S/R
ENGINEERING - GENERAL
_____________________
20000 FLARE GROUP PLC 7,410 0 0.00 0.00
ORD 5P (ADMINISTRATORS APPOINTED 19/4/
LEISURE,ENTERTAINMENT & HOTELS
______________________________
10000 WARTHOG PLC 23.75p 3,570 2,380 0.00 0.00
ORD 1P
MEDIA AGENCIES
______________
100000 NEWSCREEN MEDIA GROUP PLC NT 93,570 0 0.00 0.00
ORD 1P (SUSPENDED)
HOUSEHOLD GOODS
_______________
50000 ROYAL DOULTON PLC 92.50p 31,180 46,250 0.00 0.00
ORD 1P
DISTRIBUTORS
____________
50000 REECE PLC 3,890 0 0.00 0.00
ORD 1P (SUSPENDED 01/11/01)
SUPPORT SERVICES
________________
10000 SCIPHER PLC 33.75p 5,490 3,380 0.00 0.00
ORD 1P
Page 2
JOHN SMITH - Client ref (C12345 )
Valuation of securities as at 23 July 2004
_________________________________________________________________________________________________________________________________________
Amount Stock Price Cost Market Estimated Estimated
Value Income Yield %
_____________________________________________________________________________________________________________________________________________
ELECTRICITY
___________
560 VIRIDIAN GROUP PLC 5560.0p 33,240 31,140 1,839.00 5.91
ORD 25P
AIM MARKET
__________
25000 BLAZEPOINT GROUP PLC NT 4,980 0 0.00 0.00
ORD 1P (SUSPENDED 18/2/03)
CASH
____
SETTLEMENT ACCOUNT GBP 3,000 3,000
_____________ _____________ __________________________
TOTAL 222,480 118,130 3,423.90 29.70
TOTAL ACCRUED INTEREST 0
GRAND TOTAL 118,130
_____________ _____________ __________________________
Page 3
JOHN SMITH - Client ref (C12345 )
Valuation of securities as at 23 July 2004
_________________________________________________________________________________________________________________________________________
Total Market Estimated Estimated
Cost Value Income Yield %
_____________________________________________________________________________________________________________________________________________
SECTOR SUMMARY
________________________
OIL EXPLORATION & PRODUCTION 36,150 31,980 1,584.90 4.96
ENGINEERING - GENERAL 7,410 0 0.00 0.00
LEISURE,ENTERTAINMENT & HOTELS 3,570 2,380 0.00 0.00
MEDIA AGENCIES 93,570 0 0.00 0.00
HOUSEHOLD GOODS 31,180 46,250 0.00 0.00
DISTRIBUTORS 3,890 0 0.00 0.00
SUPPORT SERVICES 5,490 3,380 0.00 0.00
ELECTRICITY 3,240 31,140 1,839.00 5.91
AIM MARKET 4,980 0 0.00 0.00
CASH 3,000 3,000 0.00 0.00
_____________ _____________ __________________________
TOTAL 222,480 118,130 3,423.90 2.97
TOTAL ACCRUED INTEREST 0
GRAND TOTAL 118,130
_____________ _____________ __________________________
This report has been prepared by Investmaster Limited. This report should not be interpreted as a statement of securities held on your behalf by Investmaster Limited.
For this please refer to the annual safe custody report.
Investmasters's policy is to value all non-quoted and suspended securities at nil value until public pricing has been established or re-established.
E. & O.E.
Indices List
============
FTSE 100 SHARE INDEX 4570
FTSE ALL SHARE INDEX 2279.21
FT ACTUARIES UK GILT INDEX 150.19
JAPAN NIKKEI 12120.66
STANDARD & POOR'S 500 1140.6
MS CAPITAL INTERNATIONAL (WORLD) 1061.23
DOW JONES INDUSTRIALS 10472.84
APCIMS GROWTH 2572.11
APCIMS BALANCED 2314.96
APCIMS INCOME 1905.91
0