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Falkland Islands makes killing on Falkland Oil share sale

Mon, 30th Nov 2009 14:21

Falkland Islands Holdings has made a £3.1m profit after selling 3m shares in Falkland Oil and Gas.The group, which owns businesses in the South Atlantic territory, offloaded 20% of its stake in Falkland Oil, but still owns 12m shares, or 8.2% of the business.Falkland Oil shares have doubled this year as it prepares to start drilling in the East Falklands Basin during the first half of 2010.It has told the firm and their broker Oriel Securities there are no plans to sell any more shares, other than in "exceptional" circumstances, before completion of the drilling of the Toroa well."We have today reduced the risk profile of our group," said chairman David Hudd."The proceeds of sale give us the flexibility to take advantage of investment opportunities particularly in the Falklands and will leave us with a modest level of gearing."
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8 Apr 2014 09:50

Falkland Islands Holdings Expects Increase In Underlying Profit

LONDON (Alliance News) - Falkland Islands Holdings PLC Tuesday said trading in its second half has improved, and it now expects to show an encouraging increase in underlying pretax profits for its full year. The international services group, which focuses on transport and logistics, said it

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8 Apr 2014 08:41

STOCKS NEWS EUROPE-UK small caps fall, track blue-chips

The FTSE Small Cap Index falls 0.2 percent, while the junior-listed FTSE AIM All Share Index dips 0.1 percent, declining broadly in line with a 0.2 percent retreat on the blue-chip FTSE 100 index. The FTSE 250 mid-cap index falls by 0.7 percent. Falkland Island Holdings rises 4.9 perc

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27 Jan 2014 18:20

DIRECTOR DEALINGS: Falkland Island Holdings Directors Buy Shares

LONDON (Alliance News) - Falkland Island Holdings PLC Monday said as a result of its dividend reinvestment policy within the Share Incentive Plan (SIP), the SIP purchased 12 shares at a price of 360.0 pence per share on behalf of Chairman David Hudd. Following this transaction, Hudd now hol

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20 Jan 2014 15:49

Alliance Pharma exec offloads 300,000 shares

Speciality drugs firm Alliance Pharma announced Monday that Executive Director Anthony Booley's share in the company was reduced by 300,000 shares after his wife Lynette sold a portion of her stake. Booley, who joined the company in 1998, and his wife earned £100,500 from the sale after disposing

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20 Jan 2014 11:09

DIRECTOR DEALINGS: Falklands Islands MD Buys 10,000 Shares

LONDON (Alliance News) - Falkland Islands Holdings PLC Monday said Managing Director John Foster bought 10,000 shares at a price of 338 pence per share Friday. Following this transaction, Foster holds 61,141 shares, which represents 0.49% of the issued share capital. Shares in the log

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17 Jan 2014 16:10

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25 Nov 2013 08:48

Falkland Island Holdings Profit Rises As UK Sales Offset Island Operations

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