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Peter Hambro Mining - Shares fall through stop-loss

February 2007

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:
  • 958p
Our latest recommendation on Peter Hambro (to introduce a stop-loss of 895p) was immediately triggered to the high volatility afflicting the stock. Fears that it would lose some of its mining licences, aggravated by the Russian Government’s savage treatment of Shell’s oil interests elsewhere, was the main reason for this and we have therefore sold them from our Trader Portfolio at 880p. The only consolation is that they subsequently rallied back over £10 but in truth this has been a disappointing end and is a poignant reminder of the political risks of doing business in the former Soviet Union. We are dropping update cover. ...

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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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