Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
RNS came out at lunchtime so may have yet to be seen but numbers are excellent just based on the cash position market cap looks undervalued
We can hop the investec boys know best and it's headed for 60p but I'd settle for 20
Looks like the broker ratings agree with you
LONDON (Alliance News) - Circle Oil PLC saw its shares rise early Monday after it said it had found a "significant" gas discovery in the Sebou permit onshore Morocco.
That explains the 4v1 all day with no movement, this will fly tomorrow!
Tick up - thank goodness, I thought my screen had broken
71p
Broker Rating looks good
Was trading at 120 a year ago with far less contracts so 32p still give you a lot of potential
LONDON (Alliance News) - Television and radio producer Ten Alps PLC Thursday posted a narrowed pretax loss for its full year following a "transformative" period of restructuring, and expressed confidence for a better performance in the current year. Shares in Ten Alps are trading at 0.750 pence Thursday morning, more than triple its opening level. Ten Alps has moved its financial year end from end-March to end-June, so its full-year results compare the 15 months to end-June 2014 to the 12 months to end-March 2013. The company posted a pretax loss of GBP2.6 million, compared to a pretax loss of GBP8.0 million in the comparative period, on revenue of GBP29.5 million compared to GBP27.6 million, mostly as a result of lower amortisation and impairment charges. Ten Alps has restructured its business into two segments, broadcasting and publishing and communications agency. In its Publishing division, revenue was down 26% as the unit streamlined its portfolio and exited from non-profitable contracts. Gross margin improved to 32% from 29.3% during the period as a result of the restructuring the company has been undertaking. "This has been a transformative period for the group, but we have now largely completed a restructuring programme which positions the business for profitable growth. We are encouraged by a significantly improved new business pipeline and see good prospects for a better performance in the year ahead," said Chairman Peter Bertram in a statement. Ten Alps also said it has entered into an underwriting agreement for some existing shareholders and directors for shareholders to subscribe for shares up to a total value of GBP1 million. The company said the fundraise is to strengthen its business and give it a greater flexibility to pursue growth opportunities. Under the agreement, in the period following written notice from the company until end-May 2015, these investors will subscribe for shares at a price equal to Ten Alp's share price as at market close on the business day before the notice. By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
I also liked the bit about the subscription potentially being oversubscribed - shoes confidence as does not selling them at a huge discount to the average sp. it's good they take care if their current shareholders
My broker just offered me 0.1p anyone else get offers?
That's a good RNS- very positive, like the 83p NAV per share
thnks Gwen, looks like a good bet. theres always some crazy behaviour on an intra day rns while pi's work it out without the help of the ii's opening auctions
Thanks Gwenllian, so this £18m is unrestricted is genuinely unrestricted, after years of selling oil from the wells the decommission costs will be put into perspective and the ongoing 1.5m per year savings are very encouraging
But now that management have gone?
how can it have unrestricted cast of +£18m and a market cap of £8m?? surely its very undervalued before even looking at assets and prospects
Any ideas on the sale price?
Looks good. Why no movement is it because people don't realise that you can still buy at 2.5p and that all those sells on level to are buys and that there have been no sells at all today? Mms tricks!
Looks good. Why no movement is it because people don't real so that you can still buy at 2.5p and that all those sells on level to are buys and that there have been no sells at all today? Mms tricks!