Gambles that could still pay off – and those you should sell now

Paul Hill, professional analyst and value investor, reviews his stock tips for adventurous investors. The credit crunch may have seen small caps take a mauling, but there are still some strong buys about.

This column has now been running for around 18 months, so it's time for an update on my "Gambles of the week".

As the credit crunch has sent investors piling into safe havens, small caps have been mauled. The FTSE Small-Cap and Aim indices are down 2.5% and 7.5% respectively since June 2006. Our high-risk gambles have suffered too, losing an average 3.8% over the same period.

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Paul gained a degree in electrical engineering and went on to qualify as a chartered management accountant. He has extensive corporate finance and investment experience and is a member of the Securities Institute.

Over the past 16 years Paul has held top-level financial management and M&A roles for blue-chip companies such as O2, GKN and Unilever. He is now director of his own capital investment and consultancy firm, PMH Capital Limited.

Paul is an expert at analysing companies in new, fast-growing markets, and is an extremely shrewd stock-picker.