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Shaft Sinkers! (SHFT)     

HARRYCAT - 23 Dec 2010 12:08


LONDON, Dec 23 (Reuters) - South African-based Shaft Sinkers Holdings Plc SHFT.L, which builds infrastructure for underground mines, listed in London on Thursday so it can expand in India and the region surrounding Russia.
Its shares started trading at 130 pence, up 4.8 percent from the placing price of 124 pence, giving it a market value of 61.75 million pounds ($95.24 million).
The group is the top builder of vertical shafts in South Africa, home to some of the deepest mines in the world. It sunk the deepest ever shaft there at 3.1 kilometres.
"The listing will allow us to build on our strengths and expand into new industries and geographies requiring our expertise, particularly the CIS (Commonwealth of Independent States) and India," said Chief Executive Officer Alon Davidov.
Shaft Sinkers, originally part of miner Anglo American (AAL.L), is controlled by private mining group International Mineral Resources, according to its website.
[International Mineral Resources B.V. engages in mining and exploration services. The company is based in Amsterdam, the Netherlands. International Mineral Resources B.V. operates as a subsidiary of Eurasian Natural Resources Corp Plc.]
A placing of 24.7 million new shares raised 30.6 million pounds, most of which will be used to buy out some minority stakes, but it did not specify which ones. ($1=.6483 Pound).

HARRYCAT - 23 Dec 2010 15:19 - 3 of 113

I await in anticipation for the schoolboy jokes! ;o)
Not been able to find the SHFT website yet. Will put in header when found.

hangon - 23 Dec 2010 15:34 - 4 of 113

Harrycat, not from me I hope.

Try this:-

But be warned, there I can find NO news relating to their London Listing...very odd, although some of their past-projects are quite impressive, but pictures are cheap.
BTW, LSE shows them on the full-list , but info. is somewhat thin; this may be for Institutions alone to risk our money.

chessplayer - 06 Jan 2011 08:10 - 5 of 113

Given as a buy in today's SHARES. I like the sound of this one,especially with all the money that is now pouring into the mining industry

affc21 - 17 Jan 2011 11:40 - 6 of 113

Apparently SHFT was tipped in this weekends SCSW (Small Company Share Watch),
explains this mornings rise in share price.

Not a subscriber myself so I am not aware what was said...

chessplayer - 17 Jan 2011 18:02 - 7 of 113

The Shares recommendation was based on profits last year of 14.3 ,up some 48%. They specialize in deep and wide mineshafts. According to the article,global mining expenditure is expected to hit a record high of $115 billion this year.
At any rate ,they are up 20% in the last 10 days, and over 1/3 since floating on Dec 23

chessplayer - 18 Jan 2011 16:00 - 8 of 113

No movement on price,but a good deal of buying

moneyplus - 19 Jan 2011 13:03 - 9 of 113

I like this one--picks and shovels in a booming industry. I only have a small amount in my isa but it is slowly getting noticed.

chessplayer - 24 Jan 2011 08:21 - 10 of 113

Trading of 180 k shares already this a.m.
Is something going on?

Greyhound - 24 Jan 2011 21:29 - 11 of 113

Nice rise again, need to get more of these in my ISA

chessplayer - 04 Feb 2011 08:29 - 12 of 113

Shaft Sinker Hdg plc
Trading Statement
RNS Number : 6781A
Shaft Sinkers Holdings Plc
4 February 2011
Shaft Sinkers Holdings plc
Trading Update
Shaft Sinkers Holdings plc (LSE:SHFT), the international shaft sinking and underground construction group, is pleased to provide the market with an update on trading since the Group's successful listing on the London Stock Exchange on 23 December 2010. It will announce its results for the period ended 31 December 2010 in mid April 2011.
Since its last reported results for the half year ended 30 June 2010, the Group has successfully commenced the Styldrift project with Anglo American Platinum Limited and Royal Bafokeng Resources which continues to proceed according to plan. The sinking of the shaft in Russia at OJSC MHK EuroChem's Volgakaly potash mine has moved into the main sink phase and remains well within budget. The Indian contract at Teesta Urja Limited's hydroelectric project has neared conclusion of the first tunnel and work progresses well on the second tunnel. Impala 16 and 17 projects for Impala Platinum are now progressing well. All other projects remain on track.

We continue to await the outcome of a tender for a major shaft complex for an existing South African customer. Opportunities in the CIS countries also continue to proceed.
Expected results
Operating results before exceptional items for the year ended 31 December 2010 are in line with expectations.
IPO expenses were higher than previously estimated and their accounting treatment remains under review. It is currently anticipated that 1.7 million of IPO expenses (net of reimbursement by selling shareholders) will be charged in the year ended 31 December 2010 and that the IPO Bonus of 3.8 million (before reimbursement) will be charged in the year ending 31 December 2011. The accounting treatment of a 1.2 million reimbursement of the IPO Bonus by selling shareholders remains under discussion.
Exceptional items for the year ended 31 December 2010 will also include the 1.8 million profit on the sale of the Group's investment in Alpha Resources.

The Standard Bank facility has been drawn down fully and the ABSA facility repaid. The Group ended 2010 with net cash of approximately 10 million after deduction of interest bearing debt.
Shaft Sinkers Holdings plc + 27 (0) 11 445 4407

Alon Davidov, Chief Executive Officer

Chris Hall, Chief Financial Officer
M:Communications +44 (0) 20 7920 2330
Ed Orlebar
Elly Williamson
This information is provided by RNS
The company news service from the London Stock Exchange

chessplayer - 16 Feb 2011 18:15 - 13 of 113

A nice 14.5 point jump today to 186.5

chessplayer - 17 Feb 2011 08:18 - 14 of 113

And another 7 this morn ,193.5

giggin - 17 Feb 2011 13:25 - 15 of 113

Tipped by Momemtum Investor this month, their tipping track record is excellent.

HARRYCAT - 17 Feb 2011 13:29 - 16 of 113

Although I started this thread, I somehow forgot about it! Have you guys got a target price, as I haven't seen it mentioned by any broker.

chessplayer - 17 Feb 2011 13:41 - 17 of 113

Shaft Sinkers Holdings initiated with buy rating at Arbuthnot, target price 220p .

HARRYCAT - 17 Feb 2011 13:47 - 18 of 113

Ah, thanks.

giggin - 17 Feb 2011 14:23 - 19 of 113

A dividend is expected to start this year at 7.9p. They also have an order book of 475m, of which 160m is expected to fall this year.

Greyhound - 19 Feb 2011 16:42 - 20 of 113

I think it's a great little stock with great potential. Waiting to get some more in my ISA in April. So Momentum Investor looks to have been driving this up this week.

chessplayer - 14 Apr 2011 07:56 - 21 of 113

Shaft Sinkers Holdings plc ("Shaft Sinkers"; "the Group" or the "Company"), the international shaft sinking and underground construction group, is pleased to announce final results for the year ended 31 December 2010.

Revenue of GBP183.1 million up 24% to (2009: GBP147.9 million)

Profit before Income Tax of GBP16.7 million, an increase of 34% (2009: GBP12.5 million)

Basic Earnings per Share of 30p up 27% (2009: 24p)

Strong financial position with net Cash and Cash Equivalents of GBP11.1 million at year end (2009: net borrowings of GBP6.6 million)


Successful listing on the London Stock Exchange on 23 December 2010 raising approximately 30.6 million

Committed 488 million order book over the next four years

Award of Styldrift contract with new clients Anglo Platinum and Royal Bafokeng Nation

Extension to Moab contract

disposal of Eureka gold mine stake in Zimbabwe
Commenting on the results Alon Davidov, CEO of Shaft Sinkers Holdings plc, said:

"I am pleased to report that the group has exceeded our expectations for the 2010 financial year. This year marked a new chapter in Shaft Sinkers' history with our listing on the London Stock Exchange on 23 December 2010.

"In 2011 we look forward to delivering on our strategy of expanding internationally using our solid funding base and to create value for our new shareholders."

Shaft Sinkers Holdings plc
+ 27 (0) 11 445 4407

Alon Davidov, Chief Executive Officer

Chris Hall, Chief Financial Officer

+44 (0) 20 7920 2330

Elly Williamson

Maryle Guernier

chessplayer - 14 Apr 2011 13:53 - 22 of 113

The market is clearly impressed - up 25 points {15%}
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