Updates

Shaft Sinkers

October 2012

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.

Having rallied towards 90p the shares suffered another setback after Shaft Sinkers revealed poor first half results, with revenues 10% lower at Â£100m and pretax profit falling 76% to Â£1.7m, as gross margin collapsed from 17% to 10.5%. Eps was 1.6p versus 8.5p while net debt was Â£8.6m (H1 2011: net cash: Â£6.1m), although there was a Â£16.3m cash in-flow post period end. The shortfall reflected an absence of higher margin contracts and under performance of some South African contracts, notably Impala 16, due to logistical problems resulting in lower than expected ramp up of the mining development and shaft equipping contracts and Impala 17 because of long stoppages after a fatality. The other South African projects perfor ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

4imprint - Shares hit new high

New Britain Palm Oil

Shaft Sinkers - Punchy dividend yield of 7.4% (June 2012)

Shaft Sinkers (May 2012)

Shaft Sinkers (April 2012)

Shaft Sinkers (February 2012)

Shaft Sinkers (October 2011)

Shaft Sinkers - Prospective PE just 7.8 (July 2011)

Shaft Sinkers - Results beat forecasts (June 2011)

Shaft Sinkers (March 2011)

Shaft Sinkers - Very exciting recent issue could double or more from here (February 2011)

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