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Primary Recommendation

GTL Resources - Prospective FY11 PE of 2.6

March 2010

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:
  • GTL
  • Price:
  • 79.5p
We think AIM-listed GTL Resources, a bio refining company that produces ethanol, has potential to put in a strong share price performance in the next few months. Ethanol is already commercially proven and widely accepted as a renewable biofuel that can be blended with car fuels. The most common blend is 10% ethanol and 90% petrol (E10). In the case of GTL, its plant at Rochelle in Illinois is capable of producing 100m gallons of ethanol each year using corn as a feedstock. As America aims to provide for its own energy needs rather than importing crude, to reduce greenhouse gas emissions and at the same time to create employment in rural areas, demand for ethanol has been rising. We met management last month shortly after th ...

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Related Articles

GTL - Agreed bid at 100p a share (December 2011)
GTL Resources - Well ahead of expectations (May 2010)
GTL Resources - Prospective PE of 2.5x (February 2010)

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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