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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Metal-Tech - Rising molybdenum prices drive growth in metals recycler

November 2005

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:
  • MTT
  • Price:
  • 178p
Shares in Metal-Tech, which has proprietary technology to transform scrap and industrial waste into high value minerals and metals, have enjoyed a strong run since floating on AIM at 130p in May. Having just met with management, who flew over from their headquarters in Southern Israel, we believe it could go on to become one of the best performing new issues of 2005. Executive chairman Aik Rosenberg has presided over a strong period of growth at Metal-Tech, which has seen group sales increase five-fold to US$59m in the last two years, turning a small loss into a profit of US$8.9m. And following a significant upgrade to this year’s forecasts, pretax profit is now expected to nearly triple to US$24.8m.  However, this trading mom ...

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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.

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

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