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ArmorGroup - Iraqi oil law expected in next 2 months

July 2007

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:
  • ARG
  • Price:
  • 85.5p
ArmorGroup, which supplies governments and corporates around the world with defensive protective security personnel and security training, looks ready to enjoy its second wind. The first time round the business benefited from contracts for protecting civilian reconstruction teams employed by international construction firms in Iraq and high margin training work for its Ministry of Justice. That work has subsequently faded but the problems in Iraq have prevailed and the business has continued in the shape of convoy protection work for coalition forces. But what we have seen could be the dress rehearsal for the main event which is a new oil law in the process of being passed in Iraq. The new law was endorsed by the cabinet in Febru ...

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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.

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