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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

African Barrick Gold - African gold producer set to join FTSE 100

April 2010

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:
  • ABG
In spite of the fact that mining groups tend to dominate the peaks and troughs in the FTSE-100 these days it remains a curious fact that African-focused gold producer and explorer, Randgold Resources, 4808p, is still the only pure gold play in the top index. Randgold also happens to be one of the top performers in the past decade as its excellent track record for increasing production and reserves has lifted the share price from £5 in June 2003 to over £48, leaving its prospective PE standing at a mammoth 35 times. This, along with the sky-high gold price, has clearly incentivised Barrick Gold, the world's largest gold producer, to de-merge its Tanzanian gold interests into a new company, African Barrick Gold (ABG), wh ...

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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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