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Shaft Sinkers

June 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.

  • Epic Code:
  • SHFT
  • Price:
  • 176.5p
Shaft Sinkers has issued a trading update that said it continues to trade in line with expectations.  Most of its projects remain on track but it said margins have suffered slightly due to standing time at its Impala 16 and 17 shafts as a result of a rope replacement incident, which has since been rectified. The rate of sinking of Eurochem's potash mine has also slowed slightly due to difficult ground conditions.  Meanwhile, it continues to experience a high level of tender activity in South Africa, Russia and India.As was the case last year, performance will be weighted into the second half of the year reflecting the workload associated on its major contracts.No real new news within th ...

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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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