Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
just out results
HAIKE CHEMICAL GROUP LIMITED ("HaiKe" or the "Company") AGM STATEMENT HaiKe, the petrochemical, specialty chemical and biochemical business based in China, held its Annual General Meeting earlier today in Dongying City, Shandong Province, China. Shareholders approved all the resolutions put to the meeting, as set out in the Notice of the Annual General Meeting dated 27 April 2007. At the meeting, Mr. Yang Xiaohong, Chairman, made the following statement: "This is the first Annual General Meeting for HaiKe since its Admission to AIM on 14 February 2007. We have made significant progress in both the petrochemical and specialty chemical businesses over the last year. Construction work for the heavy oil catalytic cracking production facility remains on track and we aim to commence operation of this facility in December 2007. We are confident of our expansion plans for 2007 and this, combined with strong market demand for our products in both the domestic and overseas markets, will continue to fuel growth for HaiKe."
saw this on advfn thread: http://www.chart-breakout.blogspot.com
they are saying keep on buying, brokers upgrade comming soon, "with eps of 14 cent (7p) suggest that the group is going to have a pop at making next years numbers in the current year."
scsw out this weekend and i think they will add this to their main holdings just like they done with renesola, this is still cheap.
i think we will see another good results and should take us to £6 or closer
tipped to be another renesola
Established in 2003, Adept has completed more than a dozen acquisitions in a consolidating and fragmented market estimated to contain 1000 small service providers. Not only does its greater size give it better terms with suppliers but Adept can immediately cut out duplicated costs. The company is already managing over 16,000 customers and integrating acquisitions into its highly systemised back office systems is a relatively simple process as each comprises a pool of contracts. In the past, Adept has claimed that it operates with three times the turnover per employee achieved by the smaller businesses it is buying. In November, Teather & Greenwood downgraded its profit forecast savagely from £3.9m (eps 13.5p) to £1.9m (eps 6.6p) for the current year. Its forecast implied a margin of 11.9%, down from 18.2% mainly due to the operational gearing of the business to a lower revenue figure. That is now working in reverse. The broker has yet to upgrade but the shares are an obvious buy. * The writer has a holding
this company has the supplier, the customers, the right product at the right time, the backers and its going places and we should all be on board, may 8th should be more good news.
yesterday panic selling and derampers
i tried to get the link but finding it difficult,try go in eiib, click latest news, click article 7 march scroll down to latest date 18th april actuall website is www.menafn.com, lanuguising cause of regulations,they did not expect profit cause busniess was not fully operational,they are making money and have deals with cch,ibb,hsbc etc, the magement team are very experinced with wider connections check out their background next result will be huge profit
www.eiib.co.uk
After New York's $13.311bn, the Tokyo Stock Exchange is the largest in the world with a domestic market capitalization of about $4.573bn, followed by London with $3.058bn. The average daily foreign exchange transactions in Japan total $120bn, overtaken only by the USA with $167bn and the UK with $291bn respectively. Japan, together with China and South Korea, are the largest oil and petrochemicals export markets for GCC countries such as Saudi Arabia, Kuwait and Abu Dhabi. The GCC also imports huge amounts of manufactured goods, technology, consumer goods and IT products from these countries. A major driver for business with China is its estimated 20m to 50m Muslim population. Add this to the 250m or so Muslim population of ASEAN (the Association of South East Asian Nations); together with the combined 500m or so Muslim population of India, Pakistan, Bangladesh, Sri Lanka and the surrounding small states, then the economic sense and business case for promoting Islamic finance in the region becomes apparent.
parts of world. So, this would create a better benchmark." In the March 2007 Budget, the UK Government announced that "to help widen the investment opportunities that are available to all and support substantial market innovation in Britain," it is "introducing a new regime for Sukuk (Islamic securitisations) giving comparable tax treatment to conventional securitisations; and giving clarity through guidance on the treatment of diminishing Musharaka (partnership share) and Takaful (insurance) products." "These changes," continued a Treasury statement, "will ensure that British Muslims can get competitive financial services and the City remains at the forefront of developments in financial markets around the world." John Challoner, Tax Partner and Neil D Miller, Global Head of Islamic Finance at City-based international law firm, Norton Rose, assisted the UK Treasury in the formulation of the above changes. "These changes in the tax legislation are indeed steps in the right direction to ensure that the UK continues to be a jurisdiction of choice in matters relating Islamic Finance and Sukuk issues." "We believe that these changes will also assist the growth of Shariah-compliant mortgage products in the UK market. Banks will be able to securitise these mortgages in a Shariah-compliant manner which to date they have been unable to. This will assist in making these products competitive with conventional mo
The summit will also have an in-depth Shariah Session where industry experts will dialogue with a panel of prominent Shariah Advisories on some of the most pertinent issues of the day relating to Sukuk issuance and structuring. The moderator, Mushtak Parker, Editor of Islamic banker, will then open up the dialogue with the wider audience of delegates. Islamic bankers are indeed excited by the potentially new opportunities that Sukuk origination out of London could offer. Badlisyah Abdul Ghani, CEO of CIMB Islamic Bank and Head of the Islamic Mandate at the CIMB Group, one of the keynote speakers at the Sukuk Summit, stresses that "it is a good development. Any jurisdiction that facilitates Islamic financial transactions must always be commended for taking that initiative. What they have done in the UK would spur further growth in that market. Predominantly, most of the Islamic transactions in the UK are home financing schemes and commodity Murabaha trade finance passing through London. This new development would allow players like CIMB Islamic to do more business there." He believes that this initiative could spur on the development of a Euro-Sukuk market. "The possibility is there. It allows for diversification of investment to investors. It also allows issuers better access to capital - both Dollar or Euro - to meet specific requirements of investors. Issuers out of the Euro market may have a better rating compared with issuers from other parts of wor
These developments together with others in the Gulf Co-operation Council (GCC) countries, including the recent closure of the US$600m Dar Al-Arkan issuance; and the record Sukuk series announced by Dubai Islamic Bank of US$10bn and by Abu Dhabi Islamic Bank of US$5bn, are further manifestations of the spectacular growth of Sukuk and the nascent Islamic capital market. In fact, these are but some of the issues that will be discussed at 'The Sukuk Summit - Strategies for Today: Demystifying Islamic Capital Markets (ICM) Products' which is scheduled to be held at the Royal Horse Guards Hotel, Whitehall, London on 20th to 21st June 2007. To visit the official Summit website, please click here. This landmark summit is being organized by Islamic Banker, the market reference for the global Islamic finance sector, together with IC Group, a leading UK events company, and has the support of HM Treasury; the UKTI; the Middle East Association and the Arab-British Chamber of Commerce. Already major market players have signed up as sponsors including European Islamic Investment Bank; PricewaterhouseCoopers; Norton Rose; Global Securities House; Rasameel Structured Finance; Dawnay Day Cap and others. Confirmed speakers include those from the above institutions, in addition to those from WestLB; Fitch Ratings; Moody's; CIMB Islamic Bank; Dar Al-Arkan; Al-Salam bank; Denton Wilde Sapte; Dechert; Deutsche bank etc. The summit will also have an in-depth Shariah Session where in
MENAFN Press) UK Chancellor Gordon Brown's recent Budget 2007 statement regarding the introduction of comparable tax treatment for Sukuk (Islamic trust securities) and clear guidelines on the treatment of Diminishing Musharaka (for Islamic mortgages) and Takaful (Islamic insurance) products has been widely welcomed by regulators and bankers in Muslim countries. The Chancellor announced that Sukuk are to be brought within the "alternative finance" regime which has been introduced over the past three years to cater for other Islamic finance methods such as Murabaha, Ijara and diminishing Musharaka products. At the same time, the market in Malaysia is excited by the Japan Bank for International Co-operation's (JBIC) imminent launch by of a "substantial" Sukuk series out of Kuala Lumpur and denominated in Malaysian Ringgit. Tadashi Maeda, Director General of JBIC, confirmed recently in Kuala Lumpur that JBIC is embarking on "a proactive Sukuk issuance" strategy, which includes both issuance by the Bank and through credit enhancement by JBIC through its guarantee, where Japanese private companies and their affiliates overseas issue Sukuk. These developments together with others in the Gulf Co-operation Council (GCC) countries, including the recent closure of the US$600m Dar Al-Arkan issuance; and the record Sukuk series announced by Dubai Islamic Bank of US$10bn and by Abu Dhabi Islamic Bank of US$5bn, are further manifestations of the sp
im putting £1 a share on next result, keep watching
MENAFN - Bahrain Tribune) Bahrain-based Arcapita Bank has generated a total demand of more than $1.3 billion for its five-year Syndicated Murabaha Facility. The issue was increased in size from its initial target amount of $500 million and has closed at $1.1 billion. Proceeds from the Facility will be used to re-finance Arcapita's outstanding $210 million Multi-currency Sukuk due in 2010 as well as for general corporate purposes, alongside seeking alternative investments in the Middle East, US, Europe, and Asia, which so far has incurred a total transaction value of over $18.3 billion for the bank. "High demand for this Murabaha represents a tremendous opportunity to lock in high quality finance at an attractive cost and support Arcapita's growing footprints globally. The financing coincides with the opening of Arcapita's office in Singapore, a steady increase in average transaction size, and the ongoing extension of its alternative investment products," said Abdulaziz Hamad Aljomaih, Vice Chairman of Arcapita. Further commenting on the closure of the Facility, Atif A. Abdulmalik, CEO of Arcapita, said, "Over 80 per cent of the demand for this Murabaha came from outside the Middle East, illustrating the broad acceptance of Islamic instruments within the global capital markets. It allows us to benefit from a deep pool of lower cost capital as we continue to expand our business globally." The closing of the Murabaha Facility follows a series of
results will be out in 3 weeks time