The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Another buy at 20p. Will this ever tick up? LOL!
yeah although its just 1 MM on 22 then the next stop is 30...so the rise will be spontaneous.
Killer spread though! They need to get over themselves with that!
indeed mtuk1. Expect a rise soon. Should touch 30p
Next stop 30 !
BUYS AT FULL ASK !!!
54 % UP !!!
will be interesting in the afternoon !
Trading update Further to the announcement of 10 January 2012, the Board of Dongfang announces the following update. The Company's 49%-owned shipbuilding associate, Dongfang Shipbuilding (Group) Co., Limited ("DFS Shipbuilding"), continues to have discussions with its banks and the local provincial authorities in Yueqing to secure the relevant finance and guarantees for the execution of contracts to allow commencement of work on shipbuilding orders. To date, there has been no conclusive outcome to these discussions and, as a result, DFS Shipbuilding has not been able to increase its order book or reduce its bank debts. In light of the continuing adverse trading conditions being experienced by DFS Shipbuilding, the Directors of the Company are reviewing various restructuring options to maximise shareholder value. As shipbuilding in China is classified as a restricted industry, the Company's share ownership in DFS Shipbuilding is restricted to 49%. It is, however, the beneficiary of contractual arrangements which are designed to entitle it to certain economic benefits arising from the shipbuilding business and 100% of any earnings which may be distributed to DFS Shipbuilding's shareholders (the 'Contractual Arrangements'). The Company is not required to underwrite any losses, and has not guaranteed any bank or other indebtedness, of DFS Shipbuilding. That said, the Directors are increasingly aware of the negative impact of DFS Shipbuilding and the mistaken perception that the Contractual Arrangements expose the Company to DFS Shipbuilding's liabilities. This is further enforced by virtue of the Contractual Arrangements resulting in the consolidation of DFS Shipbuilding in the Company's group accounts. The Directors are considering the level of the fair value provision to be made against the Company's equity investment of US$14.4 million (approximately £9.1 million) in DFS Shipbuilding given the lack of any short term prospect of any improvement in the adverse trading conditions being experienced, and the fact that certain bank loan repayments due by DFS Shipbuilding have become overdue. In addition, the Company is undertaking with its auditors a review of the Contractual Arrangements to establish which, if any, it may be beneficial to vary or terminate to avoid the Company consolidating DFS Shipbuilding's accounts and to prevent any perceived negative association with DFS Shipbuilding's liabilities. The restructuring review includes options to focus the Group's business on its shipping operations based in Singapore and Hong Kong.
the tide is still coming in -spring or neap? :-)
Rumours of RNS being logged
No CAF yet....Could see a rise here today if rumours on ADVFN are true.
15 - 22
GOING UP !!!
Over on ADVFN rumours of RNS being logged
ONLY 1 MM ON 20
45% UP IS NO JOKE
Could it be a good news on the horizon though?
So few shares in issue wont take much, dont get caught on this one, they are in a mess and need finance.
15 - 20
3 V 1
45% UP ! WHATS HAPPENING HERE
the tides coming in :-(
http://www.investegate.co.uk/Article.aspx?id=201202201620017555X and???