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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Metal-Tech - Metals recycler benefiting from high molybdenum prices

October 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:
  • 158p
Recent AIM issue Metal-Tech, which has the technology to transform scrap and industrial waste into metals with relatively high value applications, could be regarded as a modern day alchemist. The company, which was floated by broker Durlacher on 13 May at a price of 130p a share in a placing which raised £9.4m net new money, has wasted little time in pleasing investors by releasing interim results that were substantially ahead of its broker’s forecasts. Even before that, Metal-Tech had already proven itself to be a company very much on the up, with group sales increasing five-fold to US$59m in the last two years, turning a small loss into a profit of US$8.9m. Founded in 1986, Metal-Tech is a speciality metals-based che ...

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Related Articles

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 - Rising molybdenum prices drive growth in metals recycler (November 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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