Chamberlin – 187.5p

15 October 2012 – trading update

Trading in the six months to 30 September have been in line with expectations.  It is pleasing to hear that strong cash flow has been achieved given difficult trading conditions.  Further news will be provided when interim results are released towards the end of November but we feel that the shares are now somewhat risky given their strong rally in recent months.  On that basis, TAKE PROFITS.

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