Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Filtrona plc Acquisition of Reid Supply Filtrona plc ('Filtrona') announces that it has signed an agreement for the acquisition of the assets and business of Reid Supply Company ("Reid Supply") for a cash consideration of up to US Dollar 32 million, subject to customary adjustments. US Dollar 30 million is payable on completion, with the balance deferred and subject to the achievement of performance targets for the period ending 31 December 2012. Completion is subject to certain administrative conditions and is anticipated within three weeks. Reid Supply, based in Muskegon, Michigan, is a leading distributor of standard industrial components, including hardware, handles, clamps and fasteners, to a vast range of markets and customers via a catalogue. The business is highly complementary to Filtrona's Protection & Finishing Products ("PFP") division.
http://www.investegate.co.uk/Article.aspx?id=201108240700199104M
Filtrona trading in line Date: Thursday 14 Apr 2011 LONDON (ShareCast) - Speciality plastic and fibre products supplier Filtrona said trading in the first quarter of 2011 was in line with management expectations, though judging by the share price reaction, the market was pleasantly surprised. Company revenue rose 8% from the first quarter of 2010, or by 9% on a constant exchange rates (CER) basis. Revenue in the Protection & Finishing Products division was up 21% year on year (23% using CER), while the Porous Technologies arm’s turnover advanced 5% (CER: 8%). Coated & Security Products revenue rose 9% (CER: 10%), leaving Filter Products as the only division letting the side down, with a 4% slide in turnover. Net debt as at 2 April was £87m. Broker Panmure Gordon said: “Top line growth was slightly below our expectations with Filters unexpectedly going backwards, though Protection & Finishing delivered much better growth on the back of better volumes. As a higher margin division than Filters this more than underpins our profit expectations, and should assist further decent progress both this year and next.” With the share price at its current level the broker sticks with its “hold” recommendation.
http://www.investegate.co.uk/Article.aspx?id=201104140700088695E
Isotek Isotek is well-positioned to participate on several key programmes, especially in the US 4G market, and has been selected by Alcatel-Lucent as a supplier for both its AT&T and Sprint LTE programs. However, there have been some recent customer programme delays during the early rollout phase. These delays are expected to reduce FY 2011 Isotek sales to £4m with consequent margin impacts compounded by short term component shortages. More encouragingly, investments to replace machined units with cast units on higher volume products in H1 FY 2012 will deliver cost reductions and improved margins on both new and the deferred shipments. Production rates and capacity are starting to ramp, though as stressed in the interim statement, Isotek's programmes largely remain at an early stage. Combined Business Action has been taken to reduce costs in the PTP business where an appropriate headcount reduction has been implemented. Meanwhile the integration of the Isotek and PTP businesses is being accelerated across the group, and specialist PTP resources are being redeployed to maximise mobile basestation product opportunities. In parallel, the company is expanding its business development activity on new opportunities for its innovative filtering products as operational capacity is scaled up. Group sales are now projected to grow from £16m for FY 2011 to circa £25m for FY 2012 with Isotek FY 2012 expectations maintained at £15m. Further consolidation is continuing in the wireless telecomm market at all levels of the value chain, but both OEM's and network operators see significant market opportunities arising from the rapid growth in mobile data traffic. Filtronic believes that its investment in 4G enabling hardware technology is well timed to address these opportunities.
Interim Management Statement Filtronic, the designer and manufacturer of microwave electronics products for the wireless telecoms infrastructure market, issues its Interim Management Statement for the period from 1 December 2010. Point to Point ("PTP") business The Point to Point business continues to be faced with a number of challenges but also new opportunities as its product mix changes significantly over the next 18 months. Recent conversations with customers suggest a faster than expected phase-out of certain mature module products. This will have a negative impact on trading in the remainder of the financial year ending in May as well as into FY 2012. The business has also had to adjust to the impact of Ceragon's acquisition of NERA in January. Whilst sales of short-haul products to Ceragon are tailing off more sharply than expected, long haul product volumes (typically around 40% of historic sales to NERA) are expected to be sustained well into FY 2012. More positively, Filtronic's PTP business transition strategy is gaining traction with first production orders received from Selex Galileo for module supply into their electronic radar system. In addition initial orders for Gigabit radio modules have recently been secured with a further new customer. These new lines will result in initial revenues in FY 2012 and full scale production from FY 2013 onwards. Volume production of modules for another major OEM has now commenced, and the supply of semiconductor solutions for this customer will ramp during FY 2012. FY 2011 PTP sales are expected to be circa £12 million. The early part of FY2012 will be hit by the Ceragon reductions and mature product phase-outs, whilst the second half will start to benefit from the new customers and products detailed above. The overall expectation is for FY2012 PTP sales of just above £10m, weighted towards the second half.
http://www.investegate.co.uk/Article.aspx?id=201104131300018486E
Filtrona ahead of expectations Date: Thursday 24 Feb 2011 LONDON (ShareCast) - Plastic and fibre products supplier Filtrona increased its pre-tax profit by two-fifths in 2010. Underlying profit rose from £46.2m to £64.6m, which was slightly better than expected. These figures strip out amortisation and restructuring costs. Revenues grew by 10% to £489.6m. The growth has come across the business and this is expected to continue in 2011. The fastest profit growth was in the protection and finishing products division, which increased operating profit by 81% to £28.8m. This division makes injection-moulded and adhesive-coated foam and metal products for the oil and gas, hydraulics and controls sectors. Increased marketing spending pushed sales higher. The bonded fibre and hydrophilic foam components business replaced lower healthcare revenues with increased printer systems business. Higher spending on security was behind the growth of the division supplying self-adhesive tear tape and technologies for brand protection. The cigarette filter division showed the lowest profit growth rate as revenues were flat. Panmure Gordon forecasts 2011 earnings of 22.83p a share.
Well looking like another blue day on the bluechips,just flogged my EMG and those ortac res,both for profits as need to make provision for certain tax bills in january(to pay for the divs i took out of the business to gamble on the markets!). Ortec starting to look a bit rampy to me,buy now they,ll probably double!!! VOG,you should look at as you can buy and sell millions of the things,as close to 3p as you can get,topped up a few at 3.06 yesterday but holding a lot already,one rns and you,ll see a quick boost,small retrace then decent rise if the news is good. Are we playing with the seadogs today and whats the strategy as i,m still in them with 6 grand looking like 4 grand!!?
Just got back in and see we,ve had a good afternoon!!! Just posted a viewpoint on the other,other one okay......bought some tribal group earlier but looks like they dipped a bit more,how irritating! Topped up even more VOG and a few more octac res and reduced my JPR to pay for it,hmmm,hold fire on that merger trinity till i,ve re-loaded!!!! Watching ANGM but need a 3 in front,or do i?
Just got back into NVTA at 9.1p, seconds later it ticked up to 9.5p, lady luck smiling on me for once. Also got some ANGM on the strength of the forthcoming plant commissioning. They usually move on news so I think we should be okay for a modest profit.
okay bud
Yes thanks, he's just got a bug I think. Ortac, OK, I'll have a look. Hansteen, no, haven't looked at them, but I'll do so now.
Just bought some hansteen holdings along with everyone else it seems! Small interim at the end of the month,know anything about them?
Hope he,s allright mate. Those resouces ones are called ortac bud,have a look. NVTA is a step closer to canadian dual listing with todays rns and angel have just ticked up so missed that one....!
Yes, ANGM at sub 4p would be good I think and possibl;y sub 9p at NVTA. I'll have a look at ORC, can't say I've heard of them up until today. Must go, sick child needs picking up from school.
Sorry about the spelling errors there was on the iphone in between appointments! Those orc res the buys showing as sells,sometimes these things happen,dont know much about them but i,d watch the liquidity over a hundred if you go in mate,they,re gold shares. ANGM,entry just under 4 if it happens for me,you?
Bought 20k of ark at about 4.6 see what happens,broker thought they've made provision to reduce the cash burn,that'll do as the cash on account values them at double I think? Also grabbed 100k of Orc res at 1.1 used to be called templer minerals,looked like a reasonable punt,had to flog a couple of grands worth of jpr but I've got plenty of them already. Holding noventa till at least doubles and noticed a delayed buy at eleven pence from last week so might try and take a longer view....hawk I don't like but at ten I'd buy for the bounce!!! M
I sold them all at 9.5p hoping for a retrace. Sorry mate, but I've got to actively trade for a bit to get some cash built up. I still believe they will do well, but the chart says retrace to about 8.5p so I'm watching and waiting. May be totally wrong of course and the current buy of 9.099p may be the bargain, but we'll see. I've also got the profits from CAN ready and waiting, I think they'll find a home at ANGM soon. So you think HAWK are ready to fly then, I'll watch that one. Gone quiet again at AKT, but was quite a flurry of buying, so I'm watching there as well. Speak later.
I can't believe you knocked out all the noventa! I sold half but really believe them and mwana particularly have the 'soloman potential',just a case of waiting....? Will keep a watchful eye on akt but wary as I got caught in a small way on alizyme,all the signs are there? Hawk,just like regal now,pick the bottom and there's money to be made, 10p and I'm in but cos I lost a lot chasing them down I just don't like them,suspect it may bounce first thing as there was a big buy reported after and they are being talked up,don't trust it when the founder leaves all of a sudden when there's 7 bidders allegedly about to pounce on their main project,just like Connaught,luminar,oh so many...but no debt and oil assets to boot....contemplating a couple of grand in them and regal and see what happens....could go for that big bounce or just end in tears I reckon!!! Jpr,slow and quiet,short of the banks calling in the loans or a RI,only one way to go mate and there's all this talk of mergers and jv,s that may just give them a boost? On the year high and low,it's worth a punt I'd say. Okay,house ready for destruction now,why do I bother? Catch up later or tomorrow mate
Yes, it is a while since I felt the need to pop over here, but I was getting a bit of stick for cross posting (quite rightly), and thought a quiet board would be the better option. 'Cor you don't like the simple life do you ! More stock than Tesco's. Ha Ha IFL have always been a problem for me. I've been in and out a few times, but they never do anything. I know they should be a good buy, but they just stay in their comfort zone. Another annoying share. HAWK are getting seriously cheap. Is there a good reason? Another one full of promise that never quite comes to fruition. Maybe one day. I'll be looking to get back into NVTA, ANGM and CAN this week and also ENRC on the expected dip. I was going to top up at AKT, but again, I'll wait for a dip. Bit risky but possible target for one of the big boys. I was looking again at JPR, but the chart doesn't look that good, GL with them anyway. I'll keep up on the other boards, but keep an eye on this one as well, I've a few more like NVTA 'on the boil' as it were.
Pressed the wrong button there,will post the findings,can you believe he was asking me' about jorc,company debts etc etc,certainly exposed my research gaps but when it comes down to it,he's an investor and I'm more of a gambler in these matters so will keep it simple when he goes into it, buy/add/trade/hold/sell? That just about covers it for me!!! Anyway better go and help her 'prepare the house for guests'. Catch up over the weekend mate
Just remembered the other ones,marstons(thinking of pedigre at that time obviously) and de la rue(licensed to print money,ha' ha'). Okay had a quick butchers/extensive research on the arks,clearly an all or nothing now,the IC recently slammed them(but also told everyone hawk was going up to 2 quid when they were mid-40,s.....), my bear points are cashburn and sentiment,bull points the chance of a recovery/takeover,cheap as chips to buy below 5p,lots of buying the last few days. On iii they've done a couple of price monitoring extensions just after my birthday,I don't know what that means beyond extending the closing auction time? Sounds a bit dodge? Let me know what you think on that bud and may have 50 too if they stay below 5. By the way,JPR,noticed some 500k buys creeping in,recent director buys,telegraph dropped a big hint on merger with trinity,still cheap so now my biggest gambler,a sniff of something or another jv or whatever and they'll be in the 20,s I reckon,alternatively they might just sit there or go down another penny or two(better not as I've got 20 grand in the things!!!!). Better get on,we've got the Aussie connection arriving on tuesday(sister et al) including my next 'prospective brother in law'....anyway he's totally into mining shares so will have him do a load of research on noventa and put it on mwana or cazd
Good morning! Well it's been a long time since we got together here bud! Okay I'll pop them back on the watchlist,bit wary having lost on them before,cash burn and all that but these kind of shares are very twitchy so might have a look in.....had a good turnaround on angel mining,bought a shedload at 3.96 and knocked most out at 4.25-4.36,small margins but had over 200 of them,holding my 150 of the tantalums,it's just the liquidity that scares me on them hence why I reduced on the big rise. Went a bit barmy on buying yielders last week from my aim funds,sse/emg/gog and another one I can't remember. Sold my ifl/tnz and half the nvta,hate selling anything these days but the tnz was a no brainer as it's risky as hell,have had a good run and the IC just tipped them again and having read the piece,I struggle to see why! IFL,I'm nervous of then bolting up now but if they do,they do,if they drift back to 28/29 then I'll buy again. Wind power looks like quite a growth industry again for us and the Germans so maybe cosalt will benefit from that? Also looking at PFG as a buy/hold for the yield,seems bit overdone on the government loan scheme and the yield is damn near 8%,looking good on the divi' history on their webbie. CAN was a cracker for you,well done there mate. Keeping my mwana which still,along with noventa showing a few grand profit(and I haven't sold so must believe in them!!!). My other biggies are jpr and vog. Have decided to add to anything yieldey at 4.5%+,and keep for the divs unless any of them rocket,though I've kept my nat grid which I grabbed at about a fiver after the rights issue over reaction,as despite a chunky profit they give me' confidence when it all goes wrong!!! Any thoughts/cunning plans on all that?
Didn't want to be accused of ramping so came over here. I've been watching one of my small pharma's, AKT (an old favourite), for the last few days and have a strabge feeling that something is brewing,. Don't know why but I thought I'd mention it. Just got 50k to put in my ISA. Just a thought.