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Aquarius Platinum

March 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:
  • AQP
  • Price:
  • 684p
Aquarius Platinum’s results for the six months to 31 December weresomewhat overshadowed by the epic rise in the platinum price to arecord high of US$1,850 per ounce, more than five times where it stoodback in 1999. This in turn helped the shares to a new high of 741p. Average platinum group metal (PGM) basket prices increased 24% toUS$1,502 / oz, which drove turnover 28% higher to US$424m, while netprofit increased 25% to US$106.6m. Earnings were 41.6 cents, while netcash increased US$81m to US$369m. The main downside is that the causeof those higher prices was a series of power cuts in South Africa,which has reduced power to 90% of normal levels. Despite this, Aquariusachieved 277,813 platinum group metal (PGM) oz, which is bro ...

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Related Articles

Aquarius Platinum (September 2008)
Aquarius Platinum - Buys back Impala’s stake (June 2008)
Aquarius Platinum - Net cash soars to nearly US$400m (December 2007)
Aquarius Platinum - Cash balances soar to US$288m (September 2007)
Aquarius Platinum - Shares volatile in wake of strike action (June 2007)
Aquarius Platinum - Bid speculation boosts shares (March 2007)
Aquarius Platinum - Platinum prices in new upwards spike (December 2006)
Aquarius Platinum - Large return of cash expected in 2008 (November 2006)
Aquarius Platinum - Large dividend payouts looming (October 2006)
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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