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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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New World Resources - Czech coal miner floats to rapturous reception; eyes entry to FTSE-100

June 2008

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:
  • NWR
  • Price:
  • 1565p
Shares in New World Resources (NWR), the largest producer of coking coal in the Czech Republic, have enjoyed a flying start following a recent introduction to the Full List by heavyweight brokers Morgan Stanley and JP Morgan Cazenove. The shares were priced at the top of their 1075p to 1325p range and have already risen to 1565p as investors have latched onto the fact that demand for steel (which is the main market for coking coal) has soared on the back of the rapid industrialisation going on in China and parts of the Middle East.NWR boasts a fabulous record with its profit after tax more than doubling from Eu 86m in 2005 to Eu 196m in 2007 but this doesn't tell the whole story by any means. Already in the first quarter of this y ...

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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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