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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Shaft Sinkers

May 2012

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:
  • SHFT
  • Price:
  • 85.5p
The surprising upturn in Shaft Sinkers' fortunes has continued with two contract win announcements. The first on 28 March was for three pieces of new work from existing customer Impala Platinum, worth a total of nearly £48m and will be completed by June 2013. Two weeks later it announced a contract worth £11m for the continuation of sinking activities on the Afplats Leeuwkop project main shaft, which should be completed this September.The shares have continued to rally since we made them a “speculative buy†in April at 61.5p but with the 2012 PE just 5.9, they still have speculative appeal.  ...

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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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