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Shaft Sinkers

December 2011

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.

A near 7% yield and a PE of under 5 hasn't stopped the shares taking a further hit. During the month the company said that for the period since 1 July it has continued to trade in line with expectations, although performance across current projects is a little mixed.Specifically, revenues have benefited from additional scope at the Lonmin Saffy and Hossy shafts, while Impala 16 and 17 exceeded revenue expectations but at more modest margins. Changing production methods aimed at improving safety standards have negatively impacted Styldrift's financial performance; however, production levels should return to budgeted levels by the end of the year. Elsewhere Eurochem's Volgakaly potash mine and Teesta's hydroelectri ...

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Caretech

Capital Drilling

Shaft Sinkers (August 2012)

Shaft Sinkers (May 2012)

Shaft Sinkers - Contracts with Impala worth Â£47.8m (April 2012)

Shaft Sinkers (March 2012)

Shaft Sinkers (January 2012)

Shaft Sinkers (September 2011)

Shaft Sinkers (June 2011)

Shaft Sinkers - Pre-sinking starts on large (as yet unannounced) contract (May 2011)

Shaft Sinkers - Starts to attract a City Fan club (March 2011)

Shaft Sinkers - Highly profitable new issue (January 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.

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