Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Final results update today, maybe drowned out by the macroeconomic doom n gloom. But I hope not!
Blue Baron must be on the MW I see not article just LAST YEARS ANNOUNCEMENT of the date of 8th March, 2011 for 2010.
Chime Communications (CHW), the international public relations group better known as Bell Pottinger, has an impressive track record. Profits have grown steadily through difficult times from £11 million in 2006 to £21 million in 2010. For 2011 the expectation is that the group will achieve a pre-tax return of £31.3 million and that returns will rise steadily over the next two years. Dividends - a mere 0.58p a share in 2006 - are forecast to reach 8.09p for 2013. That implies a yield of 4.5%, which, coupled with the forward earnings multiple of only 6.4, suggests the shares are undervalued. They were just 50p at the bottom of the last bear market, touched 300p last summer and now change hands at 171p.
Lord Bell and P.Pottingger and other directors exploring an MBO of Bell Bottinger permission given not referred to Stock ~Exchange should be if Directors not spending their time on running the business but working on an MBO. What would Sir Martin say? Will he make an offer?
I think so too, general consensus is that it's relatively undervalued in comp to its peers. Mar 7th results will be interesting. Plus WPP have big stake and Ive seen them incrementally mopping up b4 as well as being keen on middle east presence (of which chime have) As a newbie I know I gotta learn to be patient!
Like you I have been watching this being slowly taken down. Think that the share did rise very quickly on a lot of press attention, I will be buying some more if the price drops further as would like a larger holding than I have in this as think it could be very interesting later in the year.
Took a big drop yesterday after steady rising over the last month - cant see any reason for this?
top stock here- bit overbought at moment but still climbing, tempted to get in..
"Another share that has caught my eye is Chime Communications, a media agency with interests in public relations, advertising and sports marketing. Whereas the company´s profits have grown steadily for several years, the share price is similar to where it stood in October 2009. This puts the shares on a projected price-to-earnings (p/e) ratio of 7 for 2012, versus an industry average of 9.4. A gap of this magnitude suggests potential for a price gain of one-third to reach the industry average. I believe these shares are significantly undervalued. Advertising firm WPP apparently agrees. It has been a steady buyer and holds 17% of all outstanding shares. A bid for the rest cannot be ruled out," says David Schwartz in the Financial Times´ Weekend Edition.
Acquisition of Gulliford Consulting Limited Chime Communications PLC, a leading marketing services group, is delighted to announce that it has acquired 100% of the share capital of Gulliford Consulting Limited ('Gulliford') for an initial consideration of £2.5 million. The initial consideration comprises £1.5 million in cash, a further £0.5 million in cash to be paid on 1st January 2012 and the issue of 264,830 new ordinary shares in Chime. £230,000 of cash represents working capital of Gulliford at acquisition which is surplus to requirements after Gulliford joins the Chime group. Chime is acquiring Gulliford from its founder, Simon Gulliford. Gulliford provides marketing strategy consultancy to major corporate organisations. Further tranches of deferred consideration totalling a maximum of £2.25 million may be payable depending upon the future trading performance of Gulliford. At Chime's option up to 30% of the deferred consideration may be satisfied through the issue of new Chime ordinary shares. Application will be made for the 264,830 new ordinary shares of 25 pence each in the capital of Chime (the 'new ordinary shares') being issued as part of the initial consideration to be listed on the Official List of the Financial Services Authority and to be admitted to trading by the London Stock Exchange on its main market for listed securities. It is expected that dealings in the new ordinary shares will commence on 14 October 2011. The new ordinary shares will rank pari passu with Chime's existing issued shares. Following the issue of the new ordinary shares the total number of issued ordinary shares in Chime will be 80,944,656.
http://www.investegate.co.uk/Article.aspx?id=201110110700099188P
Lord Bell said 'Sports Marketing has been a great success for Chime and the acquisition of Icon will greatly enhance the range of our activities in this area. Icon is an attractive business at an attractive price. The acquisition of the two minority interests is in line with our strategy of buying out over time minority interests in businesses which Chime has set up with founding management. We continue to look at other acquisitions which will increase the scope of our business and the additional cash raised in the placing will ensure that our balance sheet remains conservatively financed whilst giving us the financial flexibility we need.'
Acquisitions, vendor placing and cash placing Highlights · Acquisition of Icon, an experiential sports marketing business, specialising in bringing brands to life at sporting events around the world, for an initial consideration of £11 million to be satisfied as to 65% by way of a vendor placing and 35% in new ordinary shares plus deferred contingent consideration. Clients of Icon include UEFA, FIFA and the Ryder Cup · Acquisition of minority interests in Bell Pottinger Middle East and Facts International financed primarily from the proceeds of the placing · Placing of £12.25 million at 260 pence per ordinary share by way of a vendor placing of £7.15 million and cash placing of £5.1 million underwritten by Numis Securities Limited ('Numis') · Cash available for other acquisitions
Chime goes on a spending spree Date: Wednesday 06 Apr 2011 LONDON (ShareCast) - Marketing services group Chime Communications is set to acquire Sidcup-based sports marketing firm The Icon Group – whose customers include UEFA and FIFA - for £11m. "Sports Marketing has been a great success for Chime and the acquisition of Icon will greatly enhance the range of our activities in this area. Icon is an attractive business at an attractive price," said chairman Tim Bell. Chime raised £7.15m by way of a vendor placing of 2.75m ordinary shares at 25p each to part satisfy the Icon acquisition. The balance will be satisfied through the issue of over 1.44m ordinary shares. The Icon purchase is expected to be earnings enhancing in the current financial year. In addition, the group intends to raise a further £5.1m through a placing of over 1.96m ordinary shares to pay for minority interests in public relations firm Bell Pottinger Middle East and market research company Facts International. Chime also revealed that it is in negotiations with a Brazilian sports marketing business ahead of the Football World Cup and Olympics in Brazil in the near future. --- bc
A sensational year for Chime, bought in at 40p earlier on in the year. I dont think this ride has ended here. Has held around 220 for 3 months now, each time it has dipped the support has been higher. I expect a breakout towards 250 sooner rather than later.
Well done Chime, bought at 54.4, let's see what I can sell at :)
You have your xmas present early £2.20
I did have to do a double take to check that I hadn't lost it prior to the previous post so thanks. Some brokers are looking for £2.20 by the end of the year, I think, and that would be a very nice Christmas present.
You are quite right, I apologise. I did of course mean to say Huntsworth were also interested in acquiring Next Fifteen. Anyway nice to see this over 2 quid.
You wrote: "Huntsworth another PR company are also interested in acquiring Chime" as I said in my previous post this is fundamentally incorrect. The acquisition of Essentially Group Plc will add geography to the highly successful Fast Track offering and give the Group the 3rd largest Sports Marketing, Management and Sponsorship offering in the World (excluding TV rights sales). The mooted acquisition of Pelham (PR Week 2/10/09) will strengthen the corporate and financial offering although I assume that the group will still avoid 'deal PR' as it is highly sensitive to market conditions. All in all a very satisfactory showing this year thus far.
You mis read my post. I never said they were subject of a takeover, I said Huntsworth and Chime were considering the takeover of Next Fifteen. http://www.chime.plc.uk/announcements/chime-next-fifteen-withdrawal
The rise is, I think, a result of the company being debt free with cash in the Bank and a £30M Bank Line extended until 2012 which remains undrawn and a strong indication that it will meet analysts expectations this year. The company cannot be the subject of a takeover attempt as Silverfoxter indicated below (Huntsworth and Chime were both in talks with Next Fifteen). The company is approximately 20% owned by WPP Group which show it as an associated company on the Group's website and this would most certainly constitute a blocking vote. There was a stock consolidation some months ago on a 1:5 basis, based on highs of some two years ago the upper price should be £4 or so, the share is simply finding a proper value in its marketplace I suspect. The Group have also lost some significant clients in the past 8 or 9 months but have, in all cases, replaced these clients with either similar or larger clients. In comparison with its peers this company is performing strongly with good management and is a buy and hold in my opinion.