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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Newfound - Fast growing resorts developer still unrecognised by investors

November 2006

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:
  • NFND
  • Price:
  • 72.5p
Newfound, which was admitted to AIM on 26 September via the reverse take-over of cash shell Nettec, has established itself as a canny player in the lucrative world of developing overseas holiday resorts. Its first purchase five years ago was of 600 acres of land in the Humber Valley, a heavily forested area of outstanding beauty in the Province of Newfoundland & Labrador, Eastern Canada. Situated just 15 minutes drive from the popular Marble Mountain ski resort and 20 minutes from the nearest international airport, the location was spot on and with the land having no infrastructure in place, Newfound paid just US$0.9m (US$1,428 per acre). Since then it has bought a further 1,600 acres at higher prices and put down roads and utilities ...

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Newfound (December 2006)

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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