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Aquarius Platinum - Shares volatile in wake of strike action

June 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:
  • AQP
  • Price:
  • 1604p
With the price of platinum soaring to another record price of US$1,330 per ounce, readers could be forgiven for wondering why the shares have slipped back. The reason is that 4,000 of its contract workers at its Kroondal and Marikana mines have gone on strike in protest over bonuses. Aside from this uncertainty, it’s business as usual with third quarter results to 31 March showing net profit growing 158% to nearly US$48m over a year ago, while earnings were 56 cents per share. Although net attributable production increased 3.7% year-on-year to 124,577 ounces, this was actually down 9% on the previous quarter, reflecting the usual extended holiday period but also labour shortages and industrial relations problems. The increas ...

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Aquarius Platinum - Net cash soars to nearly US$400m (December 2007)
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Aquarius Platinum - Large return of cash expected in 2008 (November 2006)
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Aquarius Platinum (June 2006)
Aquarius Platinum - Profits jump on rising PGM prices (March 2006)
Aquarius Platinum - Production set to double as platinum soars above US$1000 / ounce (January 2006)
Aquarius Platinum - Platinum production forecast to double in two years (September 2005)
Aquarius Platinum - Weather problems have abated (September 2004)
Aquarius Platinum - Bad weather affects production (June 2004)
Aquarius Platinum - Another rise in platinum price (April 2004)
Aquarius Platinum - Huge expansion in production (January 2004)

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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