Primary Recommendation

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.

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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Metal-Tech - Contractual dispute triggers profit warning (September 2006)

Metal-Tech - Forecasts upgraded substantially (June 2006)

Metal-Tech - Poised to sign new joint venture (December 2005)

Metal-Tech - Metals recycler benefiting from high molybdenum prices (October 2005)

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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