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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Peter Hambro Mining - Gold miner aiming to produce one million ounces a year by 2009

April 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • POG
  • Price:
  • 655p
As the graph on page two illustrates, shares in Peter Hambro Mining (PHM) are fast becoming a wonder stock following their debut onto AIM nearly three years ago, which largely reflects its explosive growth in profitability in a very short space of time. In 2002, it was making a profit after tax of just US$8.8m but if analysts' expectations for the current year are met, this will have increased seven-fold to nearly US$62m. This success is largely down to the skills of its chairman, Peter Hambro, whose strategy is to build up a portfolio of gold mining assets in Eastern Russia producing 1m ounces of gold a year by 2009. Critics would have laughed this off as a far-fetched pipe-dream a few years ago but latest trading data s ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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