Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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http://www.ft.com/cms/s/0/0cb1b4bc-1ec9-11e2-be82-00144feabdc0.html#axzz2AzDxqdnP October 26 2012 Marcoms group Chime has hired Lord Coe as Chairman of its sports marketing arm, CSM Sport & Entertainment. The firm has also entered into an ‘option agreement’ to buy Coe’s 93% interest in CLG, a firm which acts as a vehicle for his earnings from speeches and appearances. Lord CoeAs a middle-distance runner, Coe (pictured) won four Olympic medals at the 1980 and 1984 Olympic games. After retiring from athletics, he became Tory MP for Falmouth and Camborne in 1992, and later served as William Hague’s Chief of Staff, having accepted the offer of a life peerage in 2000. He is a worldwide ambassador for Nike and owns a network of health clubs with a membership of more than 20,000. Most recently, he has led the bidding for and hosting of the London Olympics. CLG’s income streams over the next fifteen years include Coe’s commission, royalties and consulting income. In 2007, it was reported that Coe had earned £461k from speeches and personal endorsements, and alongside his £285k salary as Chair of the London Organising Committee for the Olympic Games, he received a further £135k in speaking fees and £326k from his ‘image rights’. He is also believed to have made £2.7m from shares in CLG. In a statement, Chime said: ‘Lord Coe is one of the most high profile figures in world sport, and the proposed acquisition of CLG will assist CSM Sport & Entertainment in its ambition to become one of the top three sports and entertainment businesses in the world.’ On completion of the deal next January, Chime will pay an initial £1.5m in cash together with deferred consideration payable over the period to March 2017, on the achievement of various financial targets. Current CSM Chairman Alan Pascoe will become President of CSM. Lord Coe commented: ‘I am delighted to be joining such a dynamic group with such a breadth of sporting interests and skills. I hope my experience will help develop this exciting new business and I am looking forward to the challenge.’
straight through, now at 209 and still heading south
Just interested to see if it falls through 213. Just as a test of numbers theory.
announcement the sp has been going down everyday. Will the board defend its postion or just let it fall further?
Shares of marketing firm Chime Communications rallied after it confirmed it has agreed to buy pharmaceutical market access and data firm pH Associates for an initial sum of £6.92m. The initial consideration comprises £6.07m in cash, and £0.85m in cash representing working capital of PHA at acquisition that is surplus to requirements after PHA joins the group, Chime explained in a company statement. Further tranches of deferred contingent payment of up to £14m may be payable depending upon the future trading performance of PHA, Chime added. PHA, whose clients include Abbott, Janssen Cilag, Novartis and Sanofi, will operate as part of Chime's healthcare division, OPEN Health. "The acquisition of PHA is a very significant further step in the development of the market access discipline of Chime's healthcare business, OPEN Health," it said. Chime expects the acquisition of PHA to be immediately earnings enhancing.
to think of Sport as a money maker and hospitality hook. This attitude must change.
Do I detect what is realyl going on. This under rated share has risen has risen since Lord Bell and Piers Pottinger sold at 154p.. Sir Martin of WPP recognised its true value and has been on the side lines as a , 20 % Shareholder. ~What could happen next?.
How well established is the Brazilian Office to do the business ?
Lord Coe in talks to sell agency Simon Duke Chime is in talks to buy Lord Coe’s sports consultancy in a deal set to deliver a large payout to the former Olympics chief Published: 16 September 2012 Sunday Times. Lord Coe to be a director of Chime. A new Blue Barron.
on Up. The most interesting thing about this company is the internal squabs are over. Now the Directors are looking after "our" shop The second half has a large part of the Olypics within. The future looks bright as there appears to be DG more inerest in sport and money to be made. Having done the business at the Olypics our Street Cred must be good. People like to do business with "What works" and what is "tried and tested". Do it again Christopher will you! ?. Sport crazy Brazil Directors why no office bases in Rio?
Chime's Chief Executive, Christopher Satterthwaite, said: "We are reporting strong income and profit growth in our continuing businesses whilst evolving into an international communications and sports marketing group. We are now well positioned in these high growth sectors, especially sports marketing, which has become the leading way for global brands to engage their audiences as the 2012 Olympic and Paralympic Games have demonstrated." At 11:09 Chime shares were up 1.3% and have now climbed 17% since the start of the year.
Chime Communications has posted first half results significantly ahead of 2011, boosted by the contribution of its sports marketing division. Operating income for the six months to the end of June was £73.7m, up 33% on 2011. Profits before tax were £10.9m, 47% ahead of the prior year while earnings per share increased 32% to 9.3p. The interim dividend has been increased by 1% to 2.1p. Over the last six months Chime has disposed of several legacy Bell Pottinger businesses, raising £19.6m, while retaining a few to complete contracts. Chime makes no secret of its desire to cash in on the sports marketing boom, quoting figures from PwC forecasting global sponsorship growth of 5% per annum and the £800m raised by the London 2012 Olympics. Apparently Brazil is attracting even higher levels of interest than London - which makes sense for a high growth economy which corporates are desperate to establish themselves in. Chime has made 10 acquisitions in the sports marketing universe and the unit now has operating income of over £55m.
Good forecast. Most of Olympic happed in the 2nd half. This share is under valued.
Operating Profit Margin Operating profit margin for the first half of 2012 was 15.4% compared to 14.1% in the first half of 2011.
Christopher Satterthwaite, Chief Executive, said: "We are reporting strong income and profit growth in our continuing businesses whilst evolving into an international communications and sports marketing group. We are now well positioned in these high growth sectors, especially sports marketing, which has become the leading way for global brands to engage their audiences as the 2012 Olympic and Paralympic Games have demonstrated. Despite difficult overall economic conditions we anticipate continued growth in our sectors and in our businesses and, as such, the long term outlook for the Group remains very good."
OUTLOOK The transition from a diversified group with an emphasis on public relations to an international communications and sports marketing group is well advanced. The group is building market leading brands to challenge and win market share from the competition in market sectors that are growing ahead of general marketing communication disciplines. Despite a challenging macro-economic environment, Chime anticipates positive organic growth especially from its sports marketing division, which has doubled its income in the first half of the year already. With further acquisitions planned, tight cost control, new banking facilities agreed and positive contributions from the other divisions, the outlook for the Group remains good.
http://www.investegate.co.uk/Article.aspx?id=201208290700149456K
I was wondering why there had been a price drop and two largish sales and grasping at straws for a reason. I could not understand why so I asked. Since, as you infer the organisation looks more focused and the growth of sports management looks perfectly timed it looks good for a ride yet.
What bid? Why would anybody sell before a bid? 25% up since the Blue Baron sold out. at £1.54. No internal conflicts. Onward and upwards from here
Any thoughts? Someone selling before a bid?
Look after the shop without the distractions of those departed who were feathering their own inheritance tax nest tax nests, This is now a united company's Directors can now work 100% on looking after the shareholders' interests. If they do well we shall reward them. What we nee is proper balance in the rewards. I am glad that shareholders have two WPP directors on board.. It is onward and upwards from now '.
The hangover for PP and LB is over, Their private placing shares have been moved on. having dumped their shares they have no interest in the future. There is a vacuum of news from the leaders of the company as to the strategy they have planned for the future.
Have sold their entire shareholdings at 147p each. in what must have been Private Placing. Was the mystery buyer Sir Martin's WPP. or will it be? The Board of directors must quickly tell shareholders what are their objectives/targets for the future and how this should be incentivised in both their risk and reward remuneration. The strategy must be clear.focused with the objective of rewarding investors for their trust. Shareholders want above average returns. .Joe
Shareholders should by now know what the profit or loss was on the sale to Lord Bell's new company.. On the credit side is the purchase price and on the debit side are the following. The value of the net assets which has walked out the door. 1}The surplus which used to arise on consolidation of those departing subsidiaries which have gone. 2) The valuation of the minority 25 % interest in a private company. 3) The value of the departing assets.which have disappeared at book value. 4) The sale proceeds of 19.6M on the credit side. The resultant answer is what Chime shareholders must be given. Joe .
"I am a numbers man far from PR".....Maths teacher perhaps? Certainly not an Investment Banker. The deal has concluded, the price was the right price. The value was taken at 2011 numbers and the management can make their own way. A fully adjusted 8 times is a better multiple than that of the Plc which is fundamentally undervalued, probably due to the actions of the departing companies and WPP's stake which has, historically, held other companies back (they only motored on when WPP sold out). But, Joe, as a supporter of the "Sage of Kinghtsbridge" he may pay you handsomely to do his social and newsgroup media - Sorrell has to be the most unpopular person in the industry, its a tough job but someone has to do it:)