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Benchmark - Outer year forecasts will rise once capacity comes on stream

September 2016

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.

The shares firmed after Benchmark announced a placing at 65p, over the prevailing market price, to raise £30.7m. The bulk of the money (£15.5m) goes towards a new joint venture with salmon producer Salten Stamfisk to build a new land based production unit in northern Norway that will produce a year-round supply of salmon eggs (ova). Benchmark will have an 89% interest in the unit, which will begin construction this autumn and have production capacity of 150m ova, representing an increase of 37.5% on Benchmark’s current capacity. Separately, Benchmark has bought a South American shrimp breeding programme, adding a third species, shrimp, to its breeding business in salmon an ...

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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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