Secondary Recommendation

Shaft Sinkers - Highly profitable new issue

January 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.

Mining contractor Shaft Sinkers (SHFT; 158p) is currently going through a red hot phase of growth. The company's prime activity is sinking deep and/or wide vertical shafts for the extraction of platinum and other group metals (PGMs). As you would expect, most of the business has therefore been in South Africa, which has a high percentage of such deposits.SHFT has been around a long time, since 1961 in fact when it was set up as a division of Anglo American. In 2001, it underwent a management buyout, which was supported by a couple of mining companies and venture capital firm IMR, which all ended up holding stakes. The dual purpose of the float last month was to effectively enable the two mining shareholders to sell down their mino ...

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2011 NAPS

Hutchison China Meditech - Pre-IPO funding ahead of NASDAQ float?

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 (December 2011)

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)

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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