Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
ICB Financial Group Holdings AG Proposed Delisting The Board of Directors of ICB Financial Group Holdings AG ("ICB" or "the Company") wish to announce that the Company intends to seek shareholder approval to cancel the admission of ICB shares to trading on the AIM market operated by the London Stock Exchange ("Delisting"). The Board wishes to state that having regard to current developments and circumstances, the Directors believe it is no longer in the best interests of the Company or its shareholder to maintain an AIM listing. In reaching this conclusion, the Board considered the following factors:- * that the AIM listing no longer serves a useful function for the Company in terms of providing access to capital or enabling the shares to be used to effect acquisitions, although the Directors acknowledge the benefit to shareholders of having a public market in the shares; * the lack of liquidity in trading of the shares (there have been no trades in the Company during the current calendar year); * small free float; * market capitalisation of the Company is lower than when introduced to the market; * limited market appreciation of the Company's broad geographical presence; * the significant professional fees associated with the AIM listing (such as legal, accounting, London Stock Exchange and nominated adviser costs); and * the amount of senior management time spent in ensuring compliance with the AIM Rules and related regulatory requirements, including reporting, disclosure and corporate governance requirements. The Board believes that following the Delisting, the Company would benefit from substantial cost savings. It is planned that the Delisting will take effect on 6 November 2012 assuming shareholders approve the resolution on the Delisting at the Extraordinary General Meeting ("EGM") to be held on 29 October 2012. A notice of meeting for this EGM will be issued in due course. Immediately following the Delisting, there will be no market facility for dealing in the shares and no price will be publicly quoted. As a result, the Board recognises that the Delisting will make it more difficult for shareholders to buy and sell shares should they want to do so. In view of this, and in order to assist shareholders, the Board intends to facilitate a dealing arrangement for six months following the Delisting to enable shareholder to trade in the shares. Once the facility has been arranged, details will be sent to all shareholders and will also be made available to shareholders via the Company's website:www.icbankingroup.com This announcement is dated 28 September 2012 The Company's AIM nominated adviser is RFC Ambrian Limited. Contact Stephen Allen or Trinity McIntyre on +61894802500. END Icb Fin (LSE:ICB) Historical Stock Cha
ZOO recovery uncages profits Tue, 25th Sep 2012 09:12 Video post-production software firm Zoo Digital rocketed in Tuesday morning trading after saying the crucial entertainment market had 'stabilised'. The Chairman Roger Eynes said: "At the time of our final results announced in July of this year, we stated that the company had returned to profitability in the second half of the year, and I am pleased to confirm that this has continued through the start of the new financial year. "Our most dominant market, the filmed entertainment industry, appears to have reached a certain level of stability after a prolonged period of turbulence, which has led to improved levels of throughput to ZOO." The shares were up 48% by 9:45 and have now gained 95% since the beginning of the year.
The Company is currently exploring a variety of strategic alternatives, including the possible sale of a number of its assets, with the aim of reducing indebtedness and bringing the Facilities into compliance. Further announcements as to progress in this regard will be made as and when appropriate. Resaca's third party reserve engineers are currently finalizing their annual reserve studies on the Company's properties as of 30 June 2012. Resaca expects to receive the final reports from its engineers and provide a reserve update by the end of September. The Company does not expect a material change in its 3P reserves as compared to its 3P reserves as of 31 December 2011. The Company expects to release its annual audited results for the fiscal year ended 30 June 2012 by mid October. J.P. Bryan, Resaca Chairman and CEO commented "While we are disappointed that we need to reduce our production goals for the year ending 30 June 2013 and continue to be in non-compliance on our credit facilities, we continue to believe in the value of our long-lived, oil weighted properties. We are considering all possible alternatives to address the non-compliance with our credit facility covenants, with the ultimate aim of easing our capital constraints and therefore being able to increase production rates."
TIDMRSOX RNS Number : 1490M Resaca Exploitation Inc 13 September 2012 for immediate release 13 SEPTEMBER 2012 Resaca Exploitation, Inc. ("Resaca" or "the Company") Corporate Update Resaca (AIM:RSOX), the oil and natural gas production, exploitation, and development company focused on the Permian Basin in the USA, announces an update on certain corporate matters. As announced in the Company's interim results release on 30 March 2011, the Company has not been in compliance with certain financial covenants, under both our subordinated credit facility and our senior credit facility (the "Facilities"). We have not been in compliance with the debt to EBITDA ratio and the EBITDA to interest ratio covenants of the subordinated facility, which caused us to also be in non-compliance with our senior facility and the non-compliance has required classification of these Facilities as current assets on our balance sheet, in turn causing a failure of the current asset to current liability ratio covenant of both Facilities. As a result of the covenant non-compliance, the Company is currently unable to draw down further funds from the senior facility and the resulting capital constraints limit the Company's ability to increase its production and operating cash flows sufficiently to bring these Facilities back into covenant compliance. As a result of the covenant non-compliance, the interest rate on the Company's subordinated facility has increased by 2 per cent to 14 percent and the interest rate on the Company's senior facility by 3.5 percent to 7.5 percent since May and September, respectively. At 30 June 2012, the Company's net indebtedness was approximately $57 million. Since the Company drew the remaining balance available under its senior credit facility in February 2012, the Company's capital projects have been limited to those projects that can be funded through operating cash flow. With this limited capital, the Company has focused on maintaining and increasing the scope of its waterflood operations at its Copper Jal, Langlie Jal and Edwards Grayburg properties where the Company has received favorable waterflood performance. For the twelve months ended 30 June 2012, the Company's production averaged 716 barrel of oil equivalents per day ("boepd"). However as a result of the capital constraints detailed above, the Company is not now anticipating being able to increase its production levels to its previous targets, which were in excess of 1,000 boepd for the twelve month period ending 30 June 2013. The Company now anticipates that total production for the year will remain broadly constant with the production rates achieved in the previous twelve month period, with a consequential reduction in the company's revenue and profit expectations for the financial period ending 30 June 2013. Since 30 June 2012, the Company's production averaged 740 boepd in July and 741 boepd in August 201
Not very good RNS however between Daniel Stewart initiates sell on New Britain Palm Oil, target price 657p. when it was at 757, the SP rose to 800 and now today for the record Share Price: 695.00 Bid: 690.00 Ask: 700.00 Change: -132.50 (-16.01%) Yesterday’s Close: 827.50
Amino wins set-top contract via Intracom Telecom Amino secures substantial HD set-top box contract from major South Eastern European operator Amino Communications (AIM: AMO), the IPTV/OTT set-top box provider, has partnered with IPTV and Digital Content delivery solution provider Intracom Telecom, to secure a substantial contract to provide HD IPTV set-top boxes for one of the fastest growing IPTV deployments in South Eastern Europe. The network operator provides a range of broadband, mobile, telephony and IPTV services, across several countries, offering a mix of live TV, premier sports channels, video-on-demand (VoD) and a rich set of infotainment services to end users’ TV sets. Amino will supply MPEG-2/MPEG-4 IPTV/OTT set-top boxes for the continued rollout of HD services across networks in two countries. The device combines Amino’s high performance capability with http live streaming (HLS) capability to deliver entertainment experiences across both managed and unmanaged networks, all seamlessly and securely managed under Intracom Telecom’s digital content delivery platform. Amino and Intracom Telecom have worked closely on a number of deployments across Europe and North America. Amino CEO Donald McGarva said: “We’re very pleased to be working with our partners at Intracom Telecom to support HD service rollout. This is our first HD deployment in Eastern Europe and was secured via a very thorough and competitive process. We’re delighted that our offering was recognised for its quality performance, advanced functionality and seamless integration with our ecosystem partner.” Intracom Telecom’s Head of Telco Software Business Division Mr. Anastassios Dimopoulos said: “We are pleased to have expanded our advanced services offering to an important customer. Amino’s quality and value proposition seamlessly integrates with our next-generation platform, forming a highly scalable and future-proof solution.”
Symbol Name Cur % Chg Change News 1 SNX Synectics 290.00 279.08% 213.50 StockMarketWire.com - Quadnetics Group - a leader in the design, integration and control of advanced surveillance technology, networked security systems and strategic security solutions -has completed the process for changing its name to Synectics. The reason for the name change is that the Synectics brand is now well established and recognised within electronic surveillance markets worldwide. The company's shares will start trading on AIM with the new name with effect from 8.00 a.m. tomorrow (17 July) with the ticker SNX and the same ISIN number (GB0007156838). At 1:07pm: (LON:QDG) Quadnetics Group share price was 0p at 290.5p Story provided by StockMarketWire.com
anybody.......???? What a spread on this little fish. 1.2 billion of assets under management. Hmm some research called for http://www.warnerestate.co.uk/