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GTL Resources - Prospective PE of 2.5x

February 2010

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:
  • GTL
  • Price:
  • 71p
Shares in GTL Resources (GTL; 71p) largely ignored the latest trading update on 20 January even though broker Arbuthnot lifted its pretax profit forecast hugely from US$5.8m to US$10.2m (eps 32 cents; nil tax) for the year to 31 March. Just a few months earlier Arbuthnot had forecast  a loss.GTL’s business is that of producing bioethanol from fermented crops as an alternative to diesel and petrol, which might sound a bit ‘Tomorrow’s World’. However, bioethanol is a renewable energy and is shown to reduce the carbon footprint of transport. The theory is that when bioethanol is burned in a car engine and carbon dioxide is released into the atmosphere, the atmospheric levels of the gas have not increased because the CO2 ...

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Related Articles

GTL - Agreed bid at 100p a share (December 2011)
GTL Resources - Well ahead of expectations (May 2010)
GTL Resources - Prospective FY11 PE of 2.6 (March 2010)

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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