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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Powerflute - Acquisitive paper mill operator backed by highly experienced management

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:
  • POWR
  • Price:
  • 112p
Powerflute, which joined AIM on 11 May in a placing by Collins Stewart at 110p per share, might seem an odd choice for an investment, given that its main asset is a paper mill in Finland. However, the company is backed by the influential Smurfit family, who know more than a little about the paper industry. Their old family business, paper and packaging firm, Jefferson Smurfit, established a stupendous 25 year record up to the early part of this century in which its shares appreciated more than 20% compound each year. Quite clearly therefore, investors are excited about the prospect of getting into their new venture early. Under Chairman Dermot Smurfit, Powerflute’s plan is to draw on their substantial know-how in order to a ...

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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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