Updates

Benchmark

July 2018

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.

Benchmark has established a Chilean breeding and genetics joint venture with AquaChile, the sixth largest salmonid producer in the world and the largest in Chile. Under the terms of the JV, Benchmark will acquire a 49% share in the breeding operation for a total US$16.25m payable to AquaChile. In addition, it provides the JV with a US$5.4m loan for working capital. To fund the deal it has placed 34.5m new shares at 55p to raise £19m before expenses.The JV, to be branded as a Benchmark business, will produce eggs in AquaChile’s existing land based facilities in Chile, with back-up from Benchmark's breeding and genetics operations in Iceland. The JV will supply AquaChile’s entire egg requirement for their Atlant ...

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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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