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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Powerflute - 20% rise in H2

October 2007

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:
  • POWR
  • Price:
  • 99p
In the face of a soggy share price Powerflute turned in a good set of results for the six months ended 30 June. The company, which operates a paper mill in Finland, saw turnover rise 17% to Eu. 55.9m and with the operating margin increasing to 12.5% operating profit rose 58% to almost Eu. 7m. Eps was up from 3.1 cents to 4.5 cents. Growth came through a combination of a 7% increase in volumes and a 9% hike in prices to counter the effects of rising raw material (i.e. wood) costs in the face of tight tree supplies caused by a short winter. Powerflute was confident on the trading outlook although a key challenge will be to make sure that further price rises planned for this autumn will be accepted by its customers. Powerf ...

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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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