Take a look at the FTSE Small Cap Index, battered down to 1845.33 against a rosier 2617.36 a year ago (the FTSE has fallen from 5166 to 3945.6). That suggests a swathe of struggling companies, but the reality is far more mixed, indeed, promising for small cap bottom fishers. Savvy investors will find a tremendous amount of value among the smaller company ranks, a case outlined by positive news from a number of ventures in January.
Dick Nelson, chief executive of promotional products business 4imprint, said that a profits warning put out on Friday was 'exclusively due to the tragedy on September 11', and that business had been going very well up until that moment. But the market, unsurprisingly, took a dim view and the shares plunged 24 per cent.
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Chris Spencer-Phillips, MD of First Flight Non-Executive Directors and ShareSoc - www.sharesoc.org the UK Individual Shareholders Society have developed a set of guidelines covering the search, selection and remuneration of Chairs and Non-Executive Directors. Download the Non Executive Guidelines .