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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Powerflute

May 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:
  • POWR
  • Price:
  • 70p
Shares in Powerflute, which manufactures semi-chem fluting for the paper industry, that is the corrugated element within the cardboard box designed to prevent damage to perishable goods, have bounced sharply after it announced reassuring results. For the year ended 31 December turnover increased 18% to Eu115m while pretax profit rose 117% to Eu12.5m. Eps rose 110% to 71p. Encouragingly net debt fell nearly Eu8m to Eu25.6m. Growth came through a 3% increase in volumes to nearly 261,000 tonnes at its Finland-based paper mill, although the increase would have been higher but for wood shortages following a short winter last year in the Baltic and Nordic regions. Indeed these raw material disruptions also caused upward pressure on pric ...

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Powerflute - 20% rise in H2 (October 2007)
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Powerflute - Acquisitive paper mill operator backed by highly experienced management (June 2007)

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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