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Primary Recommendation

MDM Engineering - attractive new issue on a low PE

June 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.

  • Epic Code:
  • MDM
  • Price:
  • 198p
Imagine a gold mining project where an area is first assayed for the content of the element. If the location is found not to contain enough of the metal then the mining company does not see it as profitable to mine the area. But if after determining the content the company decides to mine the ore, it requires a bankable feasibility study which might enable it to raise the necessary finance to pursue a mine's development. Producing these kinds of reports represents the smaller part of MDM Engineering's (MDME) activities. But assuming the finance is in place, the mining company might also want someone to project manage the whole development of any metallurgical process needed to extract the metal from the low grade ore. This is the s ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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