Updates

China Shoto

July 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.

The shares have drifted lower despite the AGM confirming that trading to date in this financial year is well in line with expectations. Broker Seymour Pierce maintains its forecast for eps of 26.6p for the year to 31 December, leaving the shares trading on a PE of 5.1. The forecasts were based on a lead price of US$2,200 per tonne - China Shoto's principal cost of sales - although the price has receded to US$1875 as we write. Hold. ...

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May Gurney - Waste now 13% of sales

SSP

China Shoto (October 2009)

China Shoto (March 2009)

China Shoto - Trading ahead of expectations (January 2009)

China Shoto - Prospective PE of 3.5 (October 2008)

China Shoto - Switches production from bicycle batteries to backup batteries for the telcos (May 2008)

China Shoto (July 2007)

China Shoto (May 2007)

China Shoto (April 2007)

China Shoto - Host of opportunities cropping up (November 2006)

China Shoto (July 2006)

China Shoto - Chinese battery factory opens in July (May 2006)

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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