Updates

Shaft Sinkers - Results beat forecasts

June 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.

Shaft Sinkers, which sinks deep shafts in South Africa and other parts of the world, produced results that were ahead of expectations with pretax profit rising 34% to Â£16.7m, while eps rose 27% to 30p. This â€œbeatâ€ reflected the release of provisions against a poorly performing contract where problems have now been rectified and lower IPO costs. There were two particularly encouraging features including better than expected net cash of Â£10.6m, thanks largely to customer pre-payments and also a committed order book of Â£488m over the next four years. Within that, around 70% of this year's and 50% of next year's turnover forecasts are effectively covered, providing impressive revenue visibility. Results reflect continued ...

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

Subscribe now

Already a subscriber? Login

H&T - Gold purchasing drives profit growth

Alliance Pharma - Cambridge Labs nehind its growth

Shaft Sinkers (October 2012)

Shaft Sinkers - Punchy dividend yield of 7.4% (June 2012)

Shaft Sinkers (May 2012)

Shaft Sinkers (April 2012)

Shaft Sinkers (February 2012)

Shaft Sinkers (October 2011)

Shaft Sinkers - Prospective PE just 7.8 (July 2011)

Shaft Sinkers (March 2011)

Shaft Sinkers - Very exciting recent issue could double or more from here (February 2011)

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