Mattioli Woods – 195.5p

30 November 2012 – trading update

The company has announced a promising trading update for the six months to 30 November with recent acquisitions performing strongly.  The group launched its discretionary portfolio management service in August and this has attracted over £40m of funds since 1 September.  The forthcoming implementation of RDR should provide further opportunities for the group and the shares remain a BUY.

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