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Shaft Sinkers

March 2012

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.

Shaft Sinkers confounded its sceptics with an incredibly bullish update, totally at odds with its previous negative noises. Very strange. Results for 2011, which will be reported on 20 April, will now be â€œahead of market expectations.â€ Westhouse forecasts eps of c.14p and a dividend of 7.1p.SHFT says revenues are up 23% to Â£220m on constant currency. Specifically, revenues have benefited from additional scoping at the Lonmin Saffy and Hossy shafts, while Impala 16 and 17 exceeded revenue expectations. Sinking works at Eurochem's operations remain suspended and discussions ongoing. The order book stands at Â£296m and net cash at Â£6m but unless new contracts emerge the cash will start to reduce this year - but SHFT says it has ...

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French Connection

Shaft Sinkers (August 2012)

Shaft Sinkers (May 2012)

Shaft Sinkers - Contracts with Impala worth Â£47.8m (April 2012)

Shaft Sinkers (January 2012)

Shaft Sinkers (December 2011)

Shaft Sinkers (September 2011)

Shaft Sinkers (June 2011)

Shaft Sinkers - Pre-sinking starts on large (as yet unannounced) contract (May 2011)

Shaft Sinkers - Starts to attract a City Fan club (March 2011)

Shaft Sinkers - Highly profitable new issue (January 2011)

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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