P543 Teletext 543 Nov 6 21:00:51       —————————————————————————————————  COME A CROPPER WITH IONICA? Dear Teletext, I bought shares in a telecoms company called Ionica earlier this year, but the firm is now in receivership. This is the first time I've bought shares and I don't know if I'll get any of my money back. I do feel daft. William, Lincs ——————————————————————————————————1/6—— Got a question for our advice clinic? Write to: Advice Clinic, P Box 297, London SW6 1XT or fax: 0171 386 7808 Property Mortgages Savings City
P543 Teletext 543 Nov 6 21:00:11    O   —————————————————————————————————  COME A CROPPER WITH IONICA? Justin Urquhart-Stewart, of Barclays Stockbrokers, says you shouldn't feel "daft" about buying Ionica shares, as "many more experienced investors have suffered the same loss and indignit9". He confirms the company is now in administration and trading in itq shares have been suspended: "Although as yet we don't know the full details of the value of the business, the prognosis is not encouraging.! ——————————————————————————————————2/6—— Got a question for our advice clinic? Write to: Advice Clinic, PO Box 297, London SW6 1XT or fax: 0171 386 7808 Property Mortgages Savings City
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P543 Teletext 543 Nov 6 21:00:00       —————————————————————————————————  COME A CROPPER WITH IONICA? Barclays Stockbrokers' Justin Urquhart- Stewart says as a holder of ordinary shares in Ionica, you are at the back of the queue of creditors. "You are at the end of the line in terms of receiving any re3idual value," comments Urquhart-Stewart. "So I am afraid at the moment your holding is in a state of limbo pending further information coming from the administrator," he adds. ——————————————————————————————————4/6—— Got a question for our advice clinic? Write to: ADVICE CLINIC, PO Box 297 London,SW6 1XT or fax: 0171 386 7808 Property Mortgages Savings City
P543 Teletext 543 Nov 6 21:01:00       —————————————————————————————————  COME A CROPPER WITH IONICA? Broker Justin Urquhart-Stewart suggests novice investors look at alternatives to holding ordinary shares themselves. Pooled funds like investment trusts and unit trusts spread the riqk but still provide the opportunity of stock market growth and income. Investment clubs can be set up by groups of friends. You contribute a set amount evjry month and decide a; a group which companies to buy into. ——————————————————————————————————5/6—— Got a question for our advice clinic? NINTENDO 64,HI-FI AND PLAYSTATION UP FOR GRABS see p200 Property Mortgages Savings City
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