image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

Prosperity Minerals - Profits soar thanks to Chinese infrastructure growth

June 2006

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.

Prosperity Minerals, a fast-growing Chinese cement manufacturer and iron ore trader, is another company benefiting from the insatiable appetite for infrastructure investment in China. The company, which is due to start trading on AIM on 24 May (after we go to press), is raising £115m new money in order to pay down debt used to fund recent acquisitions and investment and all the indications suggest that the shares should be strong performers this year. Like many Chinese-based companies which have floated on AIM, Prosperity appears to have come from nowhere to the point where its profits have become very meaningful indeed. Latest forecasts for the year, which ended on 31 March, are for its profit after tax to be US$32m, while ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe