Updates

Shaft Sinkers - Prospective PE just 7.8

July 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.

Following its strong results last year, Shaft Sinkers has announced trading remains in line although performance will be skewed into H2. Revenue has benefited from additional scope of work at its Lonmin Saffy and Hossy shafts but margins have suffered slightly due to some standing time at its Impala 16 and 17 shafts as a result of technical difficulties, which have now been rectified. The rate of sinking of the shaft in Russia at the Eurochem's Volgakaly potash mine has slowed slightly due to difficult ground conditions. However, all other projects remain on track. Forward momentum in the business looks strong with the group continuing to experience a high level of tender activity in South Africa, Russia and India, while its finan ...

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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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