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Jetion - Broker sets 200p target

October 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:
  • JHL
  • Price:
  • 63p
Jetion is another company in the Sharewatch universe to have reported forecast-busting results - in normal market conditions the shares would have exploded upwards by now.For the six months to 30 June, revenues came in at US$100.6m, up 161% and almost matching the sales for full year 2007. Pretax profit was up 252% to US$9.7m and earnings per share were 13.3 cents.The results came in well ahead of expectations with broker Collins Stewart pointing to four key reasons to how that was achieved: “they ran the production lines harder, reduced production costs, and sold products at higher prices than expected while keeping control of fixed costs.â€Overall, H1 capacity lifted to 26.3MW, which compares to 21.5MW and 13.7MW ...

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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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