Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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Still no posts... guess its not a risky miner. Waiting for speeding ticket here...
Started the week at 1.8p - no posts... how strange. Finally re-rating?
Chairman must be confident with options at 22p
Not bad when you consider current market cap is only 3-4 million. Should see 5p in a few weeks
not bad all things considered !
the MM's are desperate to put a rocket on this share today. Everytime someone buys the ask moves up. Hold your nerve and we can all make a lot of money today....
wasn't expecting this much of a rise - as money has been spent? But hey ho all good for holders. Well done.
and mostly spent already ;) - beats a placing though.
good enough for me.. im in
A small amount of interest on the back of the director buy news.....GL S
A good update today from Formation and solid foundations in place for future growth IMHO,......GL S CHAIRMAN'S STATEMENT On 30(th) May 2014, the Group announced my appointment as Chairman, replacing David Kennedy in the role of Chairman. Group revenues continue to increase year on year with an uplift of 36% this year from GBP5.85m to GBP7.94m on the back of an increasing workload driven by the current strong London property market. It is expected that revenue will grow over the coming financial year with various work contracts in place and further commitments anticipated over the coming months. Whilst this year has seen a loss of GBP0.52m (2013 loss: GBP0.41m) there has been an improvement in the Group's underlying financial performance following years of Sport related problems and restructuring as previously documented. The loss for the year from discontinued operations of GBP0.4m relates largely to a write down of the Bradford and Bristol properties to fair value. The continuous efforts of the Directors and management in this regard over the years are now showing through financially. The Group is now solely focused on Property activities which includes property development for the first time as per the RNS publications of the 11th April 2014 and 10th October 2014 regarding the purchase of the Iverson Road Site. An RNS on the 21st March 2014, Formation was informed by Julius Properties Limited had resolved its legal dispute with Redrow Homes Limited over a title issue relating to the property at No 1 Commercial Street, London E1 and would be in full receipt of the majority of the funds by June 2014. Formation Group Plc announced by further RNS publications on the 11th April and 13th May 2014 that it had received the sum of GBP1.59m in part payment of its Aldgate Investment Funds. Formation Group Plc is confident it can source additional funds as and when viable investment opportunities are found. The Chief Executive Officer's Report provides further detail on the individual projects, companies and properties within the Group at present. The Group has added and will continue to add to the experienced base of construction and property personnel it has in order to meet its increasing contract commitments. It looks forward to utilising this experience to its advantage over the coming year. It is anticipated that access to future cash incomes and an improving credit rating for banking purposes will also allow the Group to drive further improvements, generate profits and enhance shareholder value. The Board and Staff I am pleased to report that The Group is now fully focused on property development and construction activities for the first time in its history. I would like to thank all board members and staff for the enormous efforts and dedicated contributions they have made over the past few difficult years in getting the business to where it now is, problem free and with a strong focus for the future.
Posted late last night.....GL S 21 January 2015 Formation Group PLC ("Formation" or "the Company") Notification of Director's Shareholding Formation Group PLC (AIM: FRM) announces that it was notified on 20 January 2015 by Mr William O'Dea Chairman of the Company that, at the time of his appointment on 30 May 2014, he held 2,000,000 ordinary shares of 1 pence each, representing 0.907% of the issue share capital of the Company. This shareholding was omitted from the announcement of Mr O'Dea's appointment. As at 21 January 2015 the holding remains unchanged. Enquiries: Formation Group PLC: David Kennedy - Chief Executive Officer - 020 7920 7590 NOMAD to Formation Group PLC: Zeus Capital Limited - Ross Andrews / Andrew Jones - 0161 831 1512
If anyone is interested......it is worth checking out the planning draft and what we may potentially see.....it is also worth noting the location and surrounding development underway.....GL S http://www.ndpwesthampstead.org.uk/4_DRAFT_159Iverson%20Rd_%20Preplanning%20submission%20document_131101.pdf
Very positive news and just amazed at the zero response, it looks as if there are a lot of frightened rabbits out there.....LOL.......GL S
Out....
Since the period ended 28 February, 2014 Formation Group Plc has to date received GBP1.59m of the GBP6.8m anticipated to be repaid to it by June 2014 from its 36.88% equity interest In J V Finance Ventures Limited, loan provider to Julius Properties Limited at Aldgate. As announced on 28 February 2014, the Company still expects to receive the majority of the outstanding amount due by 30 June 2014. The Group is pleased to announce that it has an increasing order book on project management contracts. The board believes that the resulting income streams from these contracts will help improve the Group's trading position going forward. Formation intends to utilise the proceeds from its J V investment to purchase development sites with a mixture of cash and bank funding. On 11th April 2014, Formation announced the first of these development sites.
The spread for FRM is too wide to deal so it is a hold for now for me.GL.
Although it looks like a fall in the SP of FRM there has been no change to the dealing prices but the SP is still far less than the NAV so still a strong buy I think.GL.
Only 1 trade in FRM since last week so it is under most peoples radar with NAV about 60% higher than the SP and plenty of work in the London area.GL
A 2.62 NAV for FRM and good prospects make it a strong buy for me.GL.
2014 – The Great Irish Share Valuation Project (Part VII) I take a look at Formation Group, plus a batch of other Irish stocks: http://wexboy.wordpress.com/2014/04/07/2014-the-great-irish-share-valuation-project-part-vii/ Cheers, Wexboy
Very positive - good to see the company is now about to expand again and has no funding concerns
Acquisition off we go
Out