The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Why very high spread,put me off to top up
I think we are moving
I am not sure why it goes up. I will wait until next week.Vey high premium compare to NAV
Balance of US$7,405,966 as of September 30, 2014, as compared to US$3,944,944 at June 30, 2014.
The Company is also protected from the impact of a lower oil price environment by having favorable hedges in place on approximately 75% of the Company's proved developed producing reserves, as well as an on-going hedging strategy in operation as part of the continuous management of its business risk.
RAÑA Y MONTERO TO PURCHASE STAKE IN THE MAPLE COMPANIES LIMITED Tickers: GRAM LIMA, Peru--(BUSINESS WIRE)--Graña y Montero S.A.A. (NYSE: GRAM) (BVL: GRAMONC1) ("the Company" or "Graña y Montero"), a leading Engineering and Construction company, announced that Graña y Montero S.A.A. and Alcogroup S.A. from Belgium, sent a binding offer for the share purchase of The Maple Companies Limited consisting on: (i) US$ 4 million for the acquisition of 40.0% of shares of The Maple Companies Limited and, (ii) a commitment for an increase of capital in The Maple Companies Limited of US$ 13 million. This operation has been approved by Maple Energy PLC Board of Directors, and will be elevated to its Shareholders' meeting. As a result of this offer, the stakes hold by Graña y Montero S.A.A. and Alcogroup S.A. in The Maple Companies Limited will be of 30.43% and 43.48% respectively. Certain purchase conditions include the sale of 100% of shares of The Maple Gas Corporation del Perú SRL in favor of Graña y Montero Petrolera S.A. (GMP) within a period of thirty days, for US$ 31 million; as well as to assign the funds from the capital increase, and from the share sale of The Maple Gas Corporation del Perú SRL, to Maple Etanol SRL and Maple Biocombustibles SRL. Once the sale is concluded, GMP will own 100% of The Maple Gas Corporation del Perú and Graña y Montero S.A.A. will be a minority shareholder (30.43%) of The Maple Companies Limited. About Graña y Montero S.A.A. Founded in 1933, Graña y Montero is the only Peruvian engineering and construction company listed on the Lima Stock Exchange since 1997 and now also the NYSE. The Company has participated in the development of major engineering and construction projects in Peru, including large-scale, complex projects in the energy, mining, construction and real estate sectors. With 80 years of operations, the Company has leveraged its engineering and construction expertise into complementary lines of business, such as the development, ownership, operation and maintenance of infrastructure assets, real estate developments, and the provision of technical services. The Company has significant investments in infrastructure concessions, such as three toll roads and Line 1 of the Lima Metro. The Company has also executed several projects outside Perú, and has acquired three companies in Chile: DSD Construcciones y Montajes, an engineering and construction company specialized in providing services to the energy, oil and gas, cellulose and mining sector in Chile and Latin America; Vial y Vives, a construction company specialized in the mining sector, and CAM, which is specialized in electric services, with operations in Chile, Peru and Colom
Very hard to sell. I really don't like illiquid stock. I'll wait for the interim.
I think our waiting time will be over soon. Far too long in here. The most undervalued share I.ever seen in Oil and Gas sector.Proven (P1) is 33.2 million barrel and our market cap only £27million.It gives us only 82 pence per barrel. Unbelievable and criminally undervalued. Shares in issue only 36.11m and 86 per cent of the company's issued share capital is controlled by the top nine shareholders, so Global Energy's shares can be volatile due to the low free float Revenue was $33.6 million (2013) and Operating profit from continuing operations of $6.1 million. I bought again a few weeks ago. My average down to 76 pence. Our patience will be rewarded once we get Simiti fraccing result in 2 week times. Our Laluna basin is analogous to Eagle Ford and it is a world class basin. Organic content (TOC) is between 2 to 12 percent. and fantastic for unconventional play
We will know the result by December. Hopefully , CPE will uplifting the suspension and . Wont be long to wait .Only few more weeks. Furthermore, the business in Ireland and London generates profit
ondon, November 21 2013 London's High Court orders £72 million worldwide freezing order on former directors of Kazakhstan Kagazy Subsidiaries of the London listed Kazakhstan Kagazy Plc, have maintained a worldwide freezing injunction against two former directors in a high court hearing yesterday. The hearing, against former shareholder and director, Maksat Arip, will see a worldwide freezing injunction of around £72 million remain in place until a date when Kazakstan Kagazy's $100 million fraud claim against Mr Arip and his former associate and co-defendant Baglan Zhunus can be set. The injunction was first obtained in August 2013 on an interim basis, after Kazakhstan Kagazy discovered that sums had been channelled into businesses with connections to the defendants. During proceedings, Mr Arip accepted that Kazakhstan Kagazy had made a good, arguable case in relation to two serious frauds. Judge Mackie QC noted that although the frauds were generally denied, 'one might have expected Mr Arip to indicate how this is all a misunderstanding', concluding that 'on the material available [Kazakhstan Kagazy] do have a much better argument'. The English High Court refused Mr Arip's application to appeal against the judgement at this stage. A spokesperson from Kazakhstan Kagazy said: 'Clearly, we are pleased with the Court's decision. 'The freezing order signals the importance of defending the reputation of Kazakh businesses and the efforts of their hard-working employees. 'The Kazakhstan Kagazy Board feel that the injunction is a vital step in committing to the highest standards in propriety and corporate governance for both the business and the country. We will continue to pursue this claim with vigour to prove these frauds and take all available steps to recoup the millions that have been wrongly extracted from the Kazakhstan Kagazy Group.' Sarosh Zaiwalla, Senior Partner at Zaiwalla & Co, Kazakhstan Kagazy's Solicitors said: 'This ruling very much vindicates our client's decision to initiate a freezing injunction in the first place. 'Work is certainly not finished, but we can now look ahead with confidence to the trial.' Note to Editors: Kazakhstan Kagazy Plc is one of the leading industrial groups in Kazakhstan traded on the London Stock Exchange. Founded in 2001, Kazakhstan Kagazy Plc is the largest producer of paper and packaging out of recycled waste paper, as well as the leading logistics operator and industrial developer in Kazakhstan and Central Asia. Contact: For further information, contact: Peter Roberts, +44 (0)207 861 2513 or proberts@bell-pottinger.com Ben Robinson, +44 (0)207 861 3829 or brobinson@bell-pottinger.com 21.11.2013 EquityStory.RS, LLC's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------
How did you come to conclusion that MCAP is still lower than this year's Revenue figure so it is still undervalued.? I think , we should look at net profit . Yes it has small market cap but profit margin also very low.