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Peter Hambro Mining - Russia worries deflate share price

November 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:
  • POG
  • Price:
  • 205p
The global banking crisis seems set to enter the next leg as a number of countries in eastern and central Europe seek international aid to avoid the turmoil that threatens to bankrupt Iceland. It hasn't happened yet but the fear that it might has already caused investors to pull their money out of the Russian markets in an instinctive response; and as confidence has drained away, the rouble has been in free-fall. This has rekindled memories of the Russian banking crisis of 1998 where the state (which owned the banks) was forced to disclose that it was no longer solvent. It had already taken years for investors to feel comfortable again in Russia and even before these recent events, the prolonged dispute between BP and its powerful ...

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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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