Secondary Recommendation

Shaft Sinkers - Very exciting recent issue could double or more from here

February 2011

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.

The success of TMI portfolio favourites Petrofac, (PFC; 1615p) and Kentz, (KENZ; 386p), which provide support services to the oil & gas industry, confirm the truism that it's often the â€˜picks and shovelsâ€™ players rather than the prospectors themselves that are most likely to profit from any gold rush. And the same could soon be said for Shaft Sinkers, a specialist in the sinking of deep shafts for the mining industry, which was quietly introduced to the Full List on 23 December at 124p by broker Arbuthnot. The placing raised Â£3.5m net for the company, valuing it at almost Â£59m and although there has been little coverage in the press, the shares have quickly moved to a useful premium. This early momentum partly reflects i ...

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Shaft Sinkers - Punchy dividend yield of 7.4% (June 2012)

Shaft Sinkers (May 2012)

Shaft Sinkers (April 2012)

Shaft Sinkers (February 2012)

Shaft Sinkers (October 2011)

Shaft Sinkers - Prospective PE just 7.8 (July 2011)

Shaft Sinkers - Results beat forecasts (June 2011)

Shaft Sinkers (March 2011)

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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