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SHFT Share Chat - RSS Feed

Shaft Sink Share Chat (SHFT)



Share Price: 2.50Bid: 2.25Ask: 2.75Change: 0.00 (0.00%)No Movement on Shaft Sink
Spread: 0.50Spread as %: 22.22%Open: 2.50High: 2.50Low: 2.50Yesterday’s Close: 2.50


Share Discussion for Shaft Sink (SHFT)


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Peace99
Posts: 1,281
Observation
Opinion:No Opinion
Price:40.50
My favourite bit of the RNS
8 Oct '12
Shaft Sinkers has not yet received notification of the arbitration claims but believes that any such claims are without merit and will contest them robustly
 
Stach
Posts: 5,069
Observation
Opinion:No Opinion
Price:40.50
Peace99
8 Oct '12
Hi my friend, I see you hold your position and even trying to add.You certainly thinking on the right lines in your posts.I can not add into my ISA for this year but the dividend will buy me more within it next week.I wish they bought these shares now at these prices.Should I do well with sar, I shall reinvest half of the profits here.Stach.
Peace99
Posts: 1,281
Observation
Opinion:No Opinion
Price:40.50
SHFT
8 Oct '12
I'm in the process of shifting 10k into my account and looking for loose change to top up! Once SHFT release a detailed RNS of how they will tackle this situation the SP will shoot back to were it was in the 60's
Peace99
Posts: 1,281
Observation
Opinion:No Opinion
Price:40.50
SHFT
8 Oct '12
This is just a mass panic and an over relation. Cool minded folks can asses the situation and then make an informned decision. Either way I'm staying at these prices !!
Peace99
Posts: 1,281
Observation
Opinion:No Opinion
Price:40.50
SHFT
8 Oct '12
Their is no way Euro Chem will come close to claiming 800 Mil against SHFT . I'm sure SHFT will be filing Thier case in the very near future which will be more credible
cdu021
Posts: 2,830
Off Topic
Opinion:No Opinion
Price:42.50
.
7 Oct '12
This is starting to look interesting, any bets for a bounce off of 37.50 or will they let it go through?
jange
Posts: 25,630
Off Topic
Opinion:No Opinion
Price:42.50
shft
5 Oct '12
Underground construction group Shaft Sinkers sank to a new low after being hit by a double-whammy.

First, the company revealed work at the Moab project in South Africa has been interrupted pending resolution of the unprotected strike, although it added that its work under this contract is substantially complete and the revenues outstanding do not represent a material proportion of the company's 2012 order book. Nevertheless, management is conscious that the general operating environment in South Africa continues to be difficult and will continue to monitor the impact of this on its wider business.

Of more serious concern was the filing of a claim against the company by EuroChem in relation to the project the two companies were working on, which was terminated with effect from April 20th 2012.

Shaft Sinkers said it has not yet received notification of the arbitration claims but believes that any such claims are without merit and will contest them robustly. Shaft Sinkers is finalising its claims against EuroChem arising out of the termination of the contract and will pursue these claims against EuroChem
jange
Posts: 25,630
Off Topic
Opinion:No Opinion
Price:42.50
shft
5 Oct '12
The international shaft sinking and
underground construction group has
confirmed that with AngloGold Ashanti's
mines in South Africa currently not
operating the Moab project where Shaft
Sinkers is contracted to provide services is
also on hold.
The Group reassured that work under this
contract is substantially complete and the
revenues outstanding do not represent a
material proportion of the Company's 2012
order book. However, management is
conscious that the general operating
environment in South Africa continues to be
difficult and will continue to monitor the
impact of this on its wider business.
The house broker commented that as of
June 2012 the future revenue value of the
Moab project were £12.6m, with a
contractual end date in 2013, this compares
with a group order book of £347.9m.
However, given the environment in South
Africa there is surely no certainty on the
delivery of that order book.
Stach
Posts: 5,069
Observation
Opinion:No Opinion
Price:42.50
Never trust the Russians...
5 Oct '12
I think it will be a warning to other Companies contemplating investing/doing work in Russia.Even the Eurochem are prefering western Courts whilst the dispute took place on the russian soil.The amount of $800m requested is loughable,SHFT whole set up probably is worth less than that.I think it is a smoke screen by EuroChem in order to avoid paying its dues to SHFT.This may cost them a lot eventually if SHFT has its papers in order right from conditions of Agreement from starting the work on that shaft in Russia.From the response on SHFT's behalf it seems that they have robust data to refute EuroChem's claim.I'd rather belive SHFT than EuroChem.There will be a lot of investors who have made a wise decision of buying here on this exaggerated fall in share price today.I wish Halifax bought my shares late today with my divi,but I know it did not.GLA and dont' panic.Stach.
farmerparmer
Posts: 4,121
Off Topic
Opinion:No Opinion
Price:41.00
top up
5 Oct '12
bought 3 large tranches today, target mid to late 50's..existing tranches target late 60's...when all are selling, buy
atvb s





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