Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I am pleased to report that 2008 was a year of progress. Despite the global recession, I am delighted to report to shareholders a profitable result for the financial year ended 31 December 2008. Overall revenues from continuing operations, which are now made up exclusively of terminal operations and barging services grew to US$14.3m from US$10.9m in 2007, a 31.7% increase. Keen Chance Terminal revenues grew by 23.6% to US$12.3m (2007: US$9.9m) and Arko Shipping grew its revenues by 75.8% to US$2m (2007:US$1m). Keen Chance Terminal maintained its long term average of approximately 23% of the revenue generated by the Group in the period. Our gross margin was US$4.5m (2007: US$2.9m), representing a 54.1% increase in spite of difficult economic conditions. Depreciation charges of US$0.6m (2007: US$0.8m) exclusive of those charged to cost of sales, have decreased as no depreciation has been charged in respect of the power plant. Consequently, the profit for the year for continuing operations before taxation was US$1m (2007: loss of US$11m). http://www.investegate.co.uk/Article.aspx?id=200906221108542580U
Our 2008 results showed a 42% growth in revenue to £5.36 million, gross profit margins doubling to 44%, and a significant decrease in operating loss to just £150,000. In fact, the second half of the year showed an operating profit of £50,000. These figures show how much we have benefitted from strategic changes made during the last two years. We are now a high-margin, operationally-geared company with a proven distributor sales model.
http://www.investegate.co.uk/Article.aspx?id=200905200900015533S
to be fair you've hit the nail on the head, hoping for a corrective bounce, but it depends on what your individual game plan is, from what i remember they still said revenue was 2% up and debt free..i'm in for as long as it takes for that corrective bounce to happen, whether 1 week or 6 months.
fair enough mate, but if the volumes are correct as stated above there's a 2:1 buy to sell ratio, obviously you know more than i do but would it not seem as though the price is being supported where it is now because there's plenty of buy interest?
afternoon! hope all is well. despite your reservations i'm in as well, it does seem over sold, and reading the RNS i believe it'll go back up fairly soon.
http://www.investegate.co.uk/Article.aspx?id=200904171044337479Q
morning mate!! i'm okay thanks and you? i'd wait for a retrace to be honest before jumping on board, it seems a bit yo-yo, give it a few days, it may go back down to 25p
that's a shame! it was tipped yesterday (midas) and i read up their report was very promising so bought in! GL if you decide to join in!
hello mate, you in here too? i got in yesterday, perhaps just the right time!
confirmation of crossrail JV http://www.investegate.co.uk/Article.aspx?id=200904170700097149Q - worth £250 million to COST!
thanks for your input as always!
thanks for the link will have a good look later on
that should be they're not their
hello matey! i did notice you were active on this board, you get around don't you!!! i've had a read up on them, apparently their also linked to crossrail, with £2 billion in their order books and they're looking to increase their dividend to 0.75p ... a 50% increase. GL
Does anyone subscribe to Midas share tips? Just been tipped... Midas verdict: Costain shares are 25p but this seems far too low a price for a business that is delivering on its promises, knows what it is doing and is confident about the future. Buy.
thanks for the figures, looks like a belter!
thanks mate, strong cash balance now!
what's going on here, i was only thinking about buying some yesterday!!! but i hope it is an error for my sake
what the hell happened here?!