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Powerflute - Expects to conclude deal by 11 May

April 2008

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:
  • 69p
One of the benefits of our company visits is that often we glean information not readily available in the company's press releases. Take this month's example of Powerflute (POWR; 69p), the operator of a paper mill in Finland that manufactures the board material used in corrugated boxes.The shares have delivered a rocky ride for shareholders since May, when they made their AIM debut and are down from their 110p float price mainly due to unforeseen continuing increases in the price of wood, primarily silver birch, which is its main raw material and the devaluation of the dollar against the Euro (Powerflute exports a third of its output to the US) catching the company on the back foot. There was also investor disappointment that the ...

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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.

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

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