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Peter Hambro Mining - Gain to date: 209%

May 2009

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:
  • POG
  • Price:
  • 634p
Peter Hambro has reported results for 2008, a period that preceded its all share merger with Aricom and also the move to the Full List. Headline results came in below expectations but this hasn't stopped the shares rising. Overall, net profit was US$22m for eps of US$22 cents, mainly due to one-offs. Stripping out the loss on foreign exchange adjustments and the fair value adjustment relating to exchange tradable bonds, eps emerged at 64.5 cents.Sales for the period were up 69% to US$382m, driven by a 36% increase in attributable gold production to 393,600 oz and also higher average selling prices (up 25% year on year to US$845/oz). Pokrovskiy production increased by 13% to 267,000 oz  although total production ...

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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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