The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
2nd RNS http://www.investegate.co.uk/Article.aspx?id=201203140913183180Z
down she goes as expected...
"Unseasonably warm weather in 2011 resulted in an unusually strong winter orange crop in China, consequently a short-term over supply of winter oranges to the market and direct competition to the Group's summer oranges. As a result, the Group's summer crop selling price to supermarkets and wholesalers are approximately 1.2 and 1.9% lower respectively year on year. These pricing arrangements do not have any material effect on the Board's expectations for the Group's current year performance."
RNS http://www.investegate.co.uk/Article.aspx?id=201203140830003165Z
Good start this morning 5.12 + 0.25 (5.13%)
If Money Week's Paul Hill is tipping this as a recovery play, he should have done so approximately two weeks ago. I've never really rated Money Week, and fortunately this was a good prospect BEFORE the unfounded accusations and subsequent drop.
"This London-listed Chinese juice firm has suffered from unfounded accusations around its accounting. But that presents investors with an unmissable chance to snap up a bargain, says Paul Hill." - Unfortunately it's subscriber only. I wonder which London-listed Chinese juice firm (that has suffered from unfounded accusations) could they be referring to?
BSkyB faces broader 'fit and proper' inquiry James Murdoch and Rupert Murdoch James Murdoch and his father, Rupert, have been in the media spotlight in recent months Continue reading the main story Related Stories What next for News Corp? Q&A: Phone-hacking scandal Profile: James Murdoch An inquiry into whether BSkyB is a "fit and proper" owner of a broadcasting licence has been stepped up by media regulator Ofcom, it has emerged. The Financial Times has revealed a team was set up in January to scrutinise evidence from the Leveson inquiry, MPs' committees and police investigations. It means the UK media interests of Rupert Murdoch and his son James have come under further scrutiny. Their company News Corporation is the biggest BSkyB stakeholder, with 39%. The news comes amid controversy over phone hacking by News International staff. Allegations of corrupt payments to public officials have also surfaced. Ofcom began preliminary inquiries into whether BSkyB was a "fit and proper" owner of a broadcasting licence last summer after phone hacking revelations first came to light.
With the exception of shorters, I think we are all happy to see price rises. 44.50 +3.00 (7.23%) and climbing. It looks good against the previous couple of days but not quite boom/whoop/whoosh territory in the grander scheme of things.
Er.. wrong board. Maybe you need to be with the likes of HedgeFundAdvisor, over on OXS. He loves that sort of stuff
RNS: http://www.investegate.co.uk/Article.aspx?id=201203060700146998Y
Why arent you over on Caza? Taking off right now
1 March 2012 Driver Group plc ("Driver" or the "Group") RESULT OF AGM Driver, the global construction consultancy to the construction and engineering industries, announces that all resolutions proposed at its AGM held earlier today were duly passed without amendment. Enquiries: Driver Group plc
Croma Group Plc ("Croma" or the "Group") 1 March 2012 Update on Reverse Acquisition Further to the Company's announcement at 7am this morning, Croma Group Plc, the AIM listed total security solutions provider, provides an update on the timing and process of the proposed acquisition of the CSS Companies and the conditional placing as set out in that announcement. Expected Timetable of Principal Events The anticipated dates of the acquisition are set out below. These dates are subject to change and a further announcement will be made by the Company as required. Latest time and date for receipt of forms of proxy for the General Meeting 10 a.m. on 24 March 2012 General Meeting 10 a.m. on 26 March 2012 Share Consolidation Record Date 6 p.m. on 26 March 2012 Admission and commencement of dealings in the Enlarged Share Capital on AIM 8.00am on 27 March 2012
Driver Group plc Holding(s) in Company RNS Number : 4848Y Driver Group plc 01 March 2012 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii Driver Group Plc 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights Yes An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached No An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments No An event changing the breakdown of voting rights No Other (please specify): No 3. Full name of person(s) subject to the notification obligation: iii ISIS EP LLP 4. Full name of shareholder(s) (if different from 3.):iv Baronsmead VCT plc holds 4.14% Baronsmead VCT 2 plc holds 4.14% Baronsmead VCT 3 plc holds 4.14% Baronsmead VCT 4 plc holds 4.14% Baronsmead VCT 5 plc holds 2.84% 5. Date of the transaction and date on which the threshold is crossed or reached: v 27/02/2012 6. Date on which issuer notified: 29/02/2012 7. Threshold(s) that is/are crossed or reached: vi, vii 18% & 19%
SHARE REPURCHASE This announcement is a disclosure made by Asian Citrus Holdings Limited (the "Company") to provide its shareholders and potential investors with update information in relation to the development of the Company. Pursuant to the repurchase mandate granted to the Board at the annual general meeting of the Company held on 8 November 2011 (the "Repurchase Mandate"), the Company repurchased 127,000 of its own shares on The Stock Exchange of Hong Kong Limited on 1 March 2012, at the highest and lowest price of HK$4.69 (GBP0.3806) and HK$4.65 (GBP0.3774), respectively (the "Share Repurchase") for cancellation. The aggregate consideration for the Share Repurchase is HK$593,270 (GBP48,145) and was funded from internal resources of the Company. The shares repurchased by the Company represent approximately 0.01% of the existing issued share capital of the Company. Up to the date of this announcement, the Company has repurchased a total number of 2,788,000 of its own shares. Upon the cancellation of the repurchased shares, the Company will have ordinary shares of 1,226,764,182 in issue. The Company may make further repurchases according to the market conditions, but in any case, the aggregate number of shares already repurchased and shares which may be repurchased will not exceed 121,315,696 shares according to the Repurchase Mandate. Shareholders and investors should note that any repurchase of shares made under the Repurchase Mandate will be subject to market conditions and the applicable rules under the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited and AIM Rules and will be at the Company's management's absolute discretion. There is no assurance of the timing, quantity or price of any share repurchases or whether the Company will make any further repurchases at all. Shareholders and investors should therefore exercise caution when dealing in the shares of the Company.
The Board of Charteris notes the recent substantial movement in its share price, together with the appearance of well known names on the relevant bulletin boards. It is stated that the most likely reason for such share price movement is a common strategy known as the 'Pump and Dump'.
Tony Tong, Chairman, commented: The Group is progressing well as a comprehensive fruit and juice production company with an increasing presence in the Chinese retail market with higher production volume and market penetration. With the continuous growth of the Chinese economy and the government's promotion of domestic consumption, we are confident that the demand for consumables such as fruits and juice concentrates in China will continue to grow, providing the Group with an exciting opportunity to further expand its business in both the agricultural and fruits processing businesses through both organic growth and potential acquisitions.
Don't get me wrong, I entirely agree with you. I was just amused by how strongly you posted your opinion.