Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Today's RNS: Earthport plc (AIM: EPO), the leading cross border payment services utility, announces that its wholly owned subsidiary, Earthport North America, Inc., has received written confirmation of the issue of its New York State money transmitter licence, backdated to be effective from 15th February 2018. This landmark event authorises Earthport in the US to engage directly with New York State resident individuals and corporations, whether licensed or unlicensed. The licence covers wire transfers, foreign currency dealing and/or exchanging, bill paying and other methods of money transmission. Earthport can send and receive money on behalf of our clients, from New York State to any location globally, giving New York State based businesses access to Earthport's global ACH network. In addition and subject to some State specific restrictions, the licence authorises Earthport to engage in the provision of FX services, creating significant commercial opportunity to attract and service New York resident businesses. Marta Ramirez, Earthport US General Counsel, commented: "Multi-State Licensing is a requirement to fully service the US market, and the New York State licence is a key step in fulfilling our strategic ambitions in the US. We are pleased to have been awarded this licence and are working with a number of other states to progress additional applications." Phil Hickman, Earthport CEO said: "The award of our New York State money transmitter licence marks a significant achievement for Earthport, with it we are able to meaningfully expand our offering into the United States, and develop new commercial opportunities. We will continue working towards acquiring additional state licences further enabling us to expand our presence in the United States".
Good to see director buying
From today's RNS... Use of Proceeds The Fundraising will provide sufficient financing and general working capital to progress the resource delineation and commissioning of an initial scoping study in respect of the Company's wholly owned Toral lead-zinc project, located in the Province of Le n, northern Spain. In particular, the net proceeds will enable FCR to build upon the Toral project's maiden JORC (2012) zinc, lead and silver resource estimate of 16Mt@6.9% Zinc equivalent (including lead credits) and 25 g/t Silver, as announced on 6 February 2018, via the completion of all key stage 1 work for 2018, including: an 8 hole drilling programme East along strike to potentially identify further scale for the resource; an initial scoping study to better assess the Toral project, detailing infrastructure requirements, potential mining methodologies and marketing options; and metallurgical test work on existing core samples to progress the Company's understanding of likely, saleable concentrates from a full mining operation.
Key points Financial performance in line with market expectations; Deaths flat at 590,000 (2016: 590,000); Focus remains on customer service, which continues to be high, with 98 per cent of clients saying they would recommend us; Portfolio expanded through acquisition of 24 funeral locations and one small crematorium in the period; Total acquisition activity investment of �28.3 million (net of cash acquired); and Another good year of pre-arranged funeral plan sales, with active pre-arranged funeral plans increasing to 450,000 (2016: 404,000), helped by trust and insurance based sales.
Good to see 4.42% rise today...
SLV - Thanks for posting the chart. Casa
Thanks for the reply TH, I bought in - but was'nt sure if there was an issue?
Today's RNS: Key points � Results in-line with market expectations � Continued good progress on strategic initiatives � Good operating cash flow of �218m supported debt reduction � Adjusted Basic EPS increased 9% � Continued de-risking of global pension liabilities � 2% increase in the full year dividend recommended � Announced acquisition of Bimba Appreciate any thoughts surrounding the SP drop today? Thanks Casa
StarRage - thanks for your view. I found it balanced and helpful and for me, has put a more realistic perspective on the likely future SP movement going forwards. A dividend would attract a different (LTH) investor, but that still seems to be down the line somewhat. The general view is that the worst is now behind us - MRS may yet surprise us with more frequent commuication/updates to the market, creating some additional movement and interest. We are in some ways, back at the foot of the mountain! But at least we have a moutain to climb..... Casa67
I really hope you're right - s0n1cb00mb0y (can't you get a new name as I can't pronounce it!) lol I'm still holding for now and hoping what unravels over the next few days will be worth the wait..... I'm in far too deep but that's a result of buying too much too soon at the wromg time and having to average dowm during the turnarond. However, buying this share has taught me the most valuable trading lesson, compared to the other 30 or so I hold.... Lets hope it's going to be a decent rise which delivers profits for us all..... Best C67
Been in this share for a couple of years - I do hope you're right but I fear there just hasnt been enough interest in MRS shares from traders. The amount of daily trades are low compared to other shares heading up to news. Very frustrating given the change around - I think it would have helped if there had been more of a news flow from the business which would have encoraged new investors to buy - but its not been the case. Volume buying and selling creates momentumn and with that and the up coming news, we would have seen a decent rise here. Good luck all.... Casa67
Here is the TM01 for the director termination - Luke Enock: https://beta.companieshouse.gov.uk/company/00328933/filing-history Casa
The RNS looked OK - anyone have a view on today's drop? Thanks Casa
Hi Philpot I don't think Pheonix held shares prior to their recent purchase of 2,540,000 shares (5.09%). The situation previous to the 'triggering transaction' states N/A. Looking at their website, they state: ....."Having found great companies and good management, we wait for the opportunity to invest at attractive prices. This can take years and may never happen. Great companies rarely trade very cheaply and if they do it is usually because there is some recent bad news for the company, its sector or the economy. We specialise in looking at these situations and determining whether the factors causing the price to fall are temporary or more permanent. Occasionally, the market overreacts to short-term negative developments and we get a great opportunity to invest with a long-term horizon..." The clue is in their name! lol Casa
Today's share purchase of 4.005% of the business was from John Jakes, the Yorkshire entrepreneur who previously nearly doubled profits in his stairlift company back in July 2016. Here's the article: https://www.thetimes.co.uk/article/founders-18-5m-stairlift-to-heaven-jr3tgvjpc I suspect he has a pretty good idea where this SP is heading...
From Wednesday's news.... MANAGEMENT RESOURCE SOLUTIONS DIRECTOR AND INVESTORS EXPAND STAKES (ALLISS) [ 17 Jan 2018 18:34 ] LONDON (Alliance News) - Management Resource Solutions PLC said Wednesday Director Nigel Burton bought shares worth GBP36,490 the same day as two investors built 4% stakes in the Australian construction and support services provider. Burton bought 500,000 shares at a price of 7.298 pence in the transaction. After the transaction, Burton held 5.5 million shares or a 3.04% stake in the firm. On the same day, Mohammad Munir and Daniel Smith built stakes above 4% in the company. Munir built a 4.01% stake through a 7.3 million shareholding, prior to the transaction Munir held 5.6 million shares. Smith built a 4.16% stake through a 7.5 million shareholding, prior to the transaction Smith held 6.0 million shares. Shares in Management Resource Solutions closed 2.1% higher at 7.35 pence on Wednesday. By Ahren Lester; ahrenlester@alliancenews.com.
RNS: The Company remains on schedule to publish a maiden independent JORC (2012) resource estimate for Toral by the end of January 2018.
Good to see director buying after today's drop. RNS: Card Factory has been notified that on 11 January 2018, the Company's CEO, Karen Hubbard purchased, in aggregate, 20,387 ordinary shares in the Company at an average price of 239.1p per share.
RNS Appointment of Non-Executive Director Modern Water plc (AIM:MWG), the owner of leading technologies for water and wastewater treatment and for the monitoring of water quality, is pleased to announce the appointment of Dr.Piers Benedict Clark as Non-Executive Director, with effect from 2 January 2018. Piers Clark has extensive, relevant experience, having held senior management and board positions at large engineering businesses, particularly in water treatment, toxin monitoring and environmental management. He has also delivered high profile sustainability projects, including Europe's first commercial scale phosphorus recovery facility and, at the time of construction, the world's largest floating solar power array. Previously, Dr. Clark was Commercial Director and a member of the Executive Management team at Thames Water and a director of Empire Water Inc. He has also previously held senior positions at the international engineering consultancy companies Mouchel plc and Atkins plc. Dr. Clark currently serves as Non-Executive Director or Chairman on a number of boards, where he has successfully advised on strategic development and overseen corporate and sales growth. He is currently a director of dlo Haiti Inc., which provides clean water to rural populations in Haiti, backed by the IFC (part of the World Bank); and Bactest Ltd, which develops wastewater sensors. In 2005, he founded the Technology Approval Group forum, which has linked more than 4,500 technologies with over 150 utility companies, facilitated over $1bn of investment in new technologies. He has a BSc in Environmental Sciences and a PhD in Civil Engineering from the University of Southampton, is an internationally recognised expert in biosolid processing and sludge treatment, has published over 30 technical papers and filed six patent applications. Dr. Clark is also a member of the Chartered Institute of Water and Environmental Management and the Institute of Asset Management. Alan Wilson, Modern Water's Non-Executive Chairman, commented: "On behalf of the board, I am delighted to welcome Piers to Modern Water. He has comprehensive experience in large scale industrial water treatment, environmental management and engineering companies, and has played a significant part in driving innovation within these specialist fields. We are very much looking forward to working with him and are confident that he will make an important contribution to our future successes."