Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Is yesterday’s profit warning shattering for Superglass? On the face of it, things do not look good. Sales via the Government-sponsored Carbon Emissions Reduction Target (CERT) scheme – which demands that utilities subsidise insulation using materials that Superglass makes – have been poor. There are grounds for seeing Superglass as a recovery play, not least because of the political drive to cut emissions. Speculative buy, says the Independent.
NOT
Or maybe not.
Maybe a good opportunity to buy in here?
Carbon Emissions Reduction Target (CERT) has been extended to December 2012, so that is good for spuerglass's sales of insulation material; http://www.decc.gov.uk/en/content/cms/what_we_do/consumers/saving_energy/cert/cert.aspx The primary aim of CERT is to make a contribution to the UK’s legally binding target under the Kyoto protocol (to cut greenhouse gas emissions by 12.5% below 1990 levels by 2008-2012) and the Climate Change Act 2008 requirement (to cut emissions of green house gas emissions by 80% below 1990 levels by 2050). However, CERT will also help: reduce energy demand; enhance the UK’s security of supply; reduce energy bills for those receiving measures; reduce fuel poverty; and, secure jobs in energy efficiency industries. CERT, the third supplier obligation phase, was introduced in 2008. On 30th July 2010, CERT was extended from March 2011 to December 2012 with a new higher target and significantly refocused around supporting insulation.
I have had these shares since they came to the market and topped up at 20p things are now happening hence price rise but what I do not any ideas please.
Thinking about doing a bit of digging into this one myself. Will post any findings here when I can. GL.
past year and it hasn't moved. I don't know much about the company but I think I might take the time to find out. It appears to have weathered most of what the storm can throw at it, and it could be due for a rise. Could be a little winner. GL all.
I read recently that the new Chief Exec is set to report on his strategic review of the business at the end of April. Hopefully we'll get a positive statement and kick some life into the sp.
today. no volume sells or buys. MM's must be anticipating some good news
Not many and to be honest not even sure what the company do- Will these get to a £1?
http://www.theherald.co.uk/business/news/display.var.2504871.0.superglass_in_upbeat_mood.php Superglass in upbeat mood TIM SHARP - City Editor April 29 2009 Managers at Stirling-based insulation manufacturer Superglass think a bottoming of its market is looming after it posted a pre-tax loss of £200,000 for the first half of its financial year in "the most challenging conditions the group has experienced". Superglass managing director John Smellie said: "If it has not bottomed it has not got (much) further to go." The fibreglass insulation manufacturer saw turnover tick down from £20.5m last year to £20.1m, over the six months to February 28 as it continued to suffer from a lacklustre housebuilding sector. Competition reduced prices even in its fallback markets in continental Europe. One positive for the company, which employs 180 staff, has been the expansion of the government's Carbon Efficiency Reduction Target (CERT), under which utilities have to improve home energy efficiency. The government allocated an additional £1bn of funding to the scheme last year. Smellie said: "The (CERT) market has certainly picked up significantly and we antici- pate in the autumn there is going to be a bit of a step change when more funding becomes available." Despite the headwinds, strong cash generation enabled Superglass to announce an interim dividend of 1p per share, albeit down from 1.7p last year, and the co
Up 20% on the day. Would be good if it can get back to the 50p to 60p trading range it was in summer of last year, some consolidation again there to strengthen, would be good.
Also said to be the main tip in SCSW which came out on Satuday.
Tipped in the TImes http://business.timesonline.co.uk/tol/business/economics/article6256258.ece May 10, 2009 Sharewatch: Superglass Holdings The Stirling-based insulation group has had a torrid time since its shares were listed on Aim market at 180p in July 2007. They have been badly affected by investor concerns that Superglass’s fortunes would suffer as a result of the UK-wide slump in the housebuilding and construction sectors. Last week, however, the shares continued to rally following bullish statements from the chairman. A lot of this can be put down to investor expectations that demand for its products will be boosted by government energy conservation initiatives. On April 28, Superglass r...........................
....on top of all the other good news locked into this share. multibagger in the making!
Lots of sellers, yet a massive spread no wonder no one is buying. Still it's up can't complain.
fancy helping a novice
looks like the seller is finished here, time to buy IMO
large tranche of shares bought today anyone watch this one
Unglove, Hi, I expected some profit taking around this price, it often seems to happen when the FTSE 100 is in the red. I feel very confident with this stock over the longer term.
Superglass Holdings PLC ('the Company' or 'Superglass') one of the U.K.'s leading manufacturers of glass mineral fibre insulation products issues its pre-close trading statement ahead of its interim results for the six months ended 29th February 2008, which are due to be announced on 29th April 2008. The profit for the 6 months to 29th February 2008 will be in line with management expectations. Trading since the turn of the year has strengthened and the annual price increase (effective from 4th February) has been implemented. The directors are confident that CERT at twice the previous EEC2 target will commence on 1st April.
Sudden selling of >£1m shares this afternoon - hopefully just one or more buyers getting cold feet about market in general rather than concerns about SPGH.
Nice call. Exciting prospects for mineral wool in Europe.