Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just as well that they consolidated at 1.5p if not these shares would no longer be penny shares-something that they wanted to get away from No they would have been halfpenny shares and we don'y have a halfpenny coin any more so would have been worthless GIGE seems to have a point Were we hoodwinked? Why the fall? and without much warning too?
I'll let Bob Holt explain Highlights -- Revenue of GBP10.4m (2010: GBP7.3m) -- Operating profit (before exceptional items, share based payments and amortisation of intangibles) of GBP0.8m (2010: GBP0.6m) -- Normalised Earnings per share 1.02p using post share consolidation share capital -- Net Debt of GBP5.3m, within existing banking covenants -- New increased revolving credit facility of GBP7.5m put in place with Hsbc allowing for bolt on acquisitions previously announced to be completed and deferred consideration liabilities to be largely satisfied -- 1 for 50 share consolidation completed Operational highlights -- Two further bolt on acquisitions completed during the period, one in Pest and one in Fire, funded through bank facilities taking the total to 14 completed since April 2010 -- Substantial period of integration: all companies rebranded to Green Compliance; roll out of common sales, finance and operating systems; divisional management and reporting in place -- Significant investment in new sales in all divisions in people and systems Commenting on the results, Bob Holt, Chairman of Green Compliance, said: "We have made progress across the Group during the last six months, particularly with regard to continuing to build a successfully integrated platform for profitable growth. The Group has not been immune from the worsening impact of further declines in UK economic performance and this has resulted.in some of our short term financial goals being pushed back. Our strategy remains firmly in place and we now operate a credible new player in the markets of Water, Fire and Pest, the sectors in which we operate, which still provide significant opportunity for organic and acquisition led growth due to the continued regulatory framework requirements and relative fragmented nature of these markets. We are pleased with our new sales efforts which have been successful in securing new contracts with major companies and our client contract retention has been robust, with a 95% retention rate of our Top 100 clients, representing some 40% of revenue. Notwithstanding this, the overall environment remains challenging across the Group. Our net organic growth has been impacted by our decision not to renew some large customer contracts where we felt that the pricing was not sustainable. In addition, we have experienced an increase in customers going into administration and general decision inertia or delayed capital project spend means that our sales growth is less than we have targeted. Accordingly, board expectations for the performance of the Group for the full year have been reduced in light of these recent underlying trends although beyond the short term we continue to be entirely confident of the Group's prospects and our strategy to grow organically and by acquisitions and in this regard we are well supported by our bank HSBC.
StockMarketWire.com - Babcock International Group has been selected by the London Fire Brigade (LFB) as the preferred bidder for its new, 25 year training contract. Following the LFB's announcement, there will be a mandatory 10 day standstill period before the process can continue to final contract award. The contract should become operational on 1 April 2012. Over the 25 year period, the contract is expected to be worth in the order of £500m. Babcock will be working with the London Fire Brigade, the UK's largest fire and rescue service, to develop and deliver enhanced training programmes and new, training facilities. More than 200 courses will be delivered at the two new dedicated training facilities in Park Royal, North West London and Becton, East London, as well as at ten regional training facilities and locally, on all stations, through Babcock's computer based training systems. Peter Rogers, Chief Executive of Babcock, commented: "We are delighted to have been chosen as preferred bidder for this contract, which reflects our ability to provide market-leading and critical training support. "We look forward to working in partnership with the London Fire Brigade, supporting their delivery of vital services to make London a safer city and their vision to be a world-class fire and rescue service."
contract Babcocks have won the outsourced contract to train London Fire Brigades staff -Assetco had tendered what next? will LFB look for another provider for it;s fire appliances and their maintenance
I hope that uou are right wotreally but having just taking a glance at trades in IPSO share on the LSE board there appears that more have been sold today than were bought. Is there some other factor pushing the SP up against the flow of shares being sold I agree that there are few shares available so if there are more buyers soon as interest resumes combined with upward pressure then it could get very interesting around here any time soon Good Luck
Whilst the market dropped share stayed stable and boy was I pleased to see that esp when compared to other stocks falling But hey come on there hasn't been a sign of life for weeks now as this one stalled Any news ANYONE? I took thiis on as an ivestment rather than a trade but a bit of progress would be appreciated
you are correct if the person making the decision tales an holistic view but as we know the deision making for patients is being passed down to GPs who may not be too bothered about the ins and outs of hospital budgets. I think we need to know the cost per treatment per patient is this drug cost effective in comparison to other treatments for other diseases e.g a GP might be able to treat 2 or 3 other patients for the same cost as one epileptic What level of priority is allocated to epileptics in relation to others? I wonder how anyone from the medical profession sees this -the latest in a long line of new drugs
sufferers It is one thing the drug being available to help those with Epilepsy and esp. children But NHS budgets are tight and getting tighter, control of bidgets is being passed to individual GPs who are under immense pressure both financially and with number of patients. Often it is a lottery to decide who gets drugs and who doesn't as we have all seen on TV. It is one thing to say that there are a million sufferers in Europe but that is not the same as saying that one million patients will be allocated the drug in this competitive situation. It is not right nor fair but these are the decisions being made by GPs every day why will tghis drug be prescribed over others? Epiliepsy is awful but is it as .'mportant' as other more life threatening diseases ? Awful
the told you so brigade have been and gone weeks ago regarding this share on this board I hope you two were a bit quicker getting to fires than you are at arriving at a gloating party! Zelda has moved on-probably to other get rich shares such as IPSO and Dongfang-check em out might sunsidise your next strike! Matt999 been sucking some sour grapes again why should the good burghers of Leics and London have to buy smoke alarms? If you knew anything about the modern FRS as your monicker implies then you would know that the hardworking front line firefighters have been fitting smoke alarms free of charge in both these areas for years. Your response is an indication of the effect that Assetco strikebreakers had on your strike of last year. I hope that your investment in PVC goes well Matt BTW do you know the difference between an investor and a trader?
As I see it; you cannot sell your share at the moment anyway as the trading of these shares has been suspended. it happens? Good LuckSo for the time being you have to hold on. what happens once/if the suspension is lifted? One school of thought is that due to the heavy dilution they could be worth as little as one thousandth of their value before the shares were suspended. But who knows until
sometimes only sometimes the best thing to do is ............nowt as Kenny Rodgers sings you gotta know when to hold you gotta know when to hold If you have solid stuff then it is only a loss when you sell I have been looking in on the IPSO VENTUREs (IPS) board of late-amongst others and guess what it looks like a copy and paste from posts on here Take a look but it is still a bit risky rises and falls like a bride's nightie
How you feeling? Don't let Professor Shudda and Lance Corporal Hindsight get to you You know shudda listened to me and I knew all along what was going to happen i have took a keen interest in this share and followed it closely. I watched the trades and noticed that most folk were buying in lots of a few hundred pounds yet some of them were coming on here talking big-yet the SP HAD to treble for them to get enough to pay their dealing costs and get a few pints out of it punting with saturday pictures matinee money! I have an idea what you staked here-not in money terms but your faith and you had much at stake th rampers and wannabes will move elsewhere posting the same stuff about 'news coming soon' 10p here we come. Let the wind blow the chaff away and I hope against any reasonable chance that it does work out for you take care
tis only 7% that is not too bad for such a speculative stock. a lot of small buys wot with dealing costs they will need this to really soar just to get a few bob back? might wait until I see some chunky buys later at sub 4p
http://davidhencke.wordpress.com/ An investigation into the financial dealings of former bosses of AssetCo, the private owner of London and Lincolnshire’s fire engines, is underway by the firm, shareholders have been told. A statement from the company says: “”The Company has recently received details of allegations in respect of the activities of its former management team. The Company is investigating these claims and following the completion of its investigation may initiate proceedings.” The disclosures come as shares have been suspended after the company sought yet another £14m from investors and massively diluted junk status share price, last traded at a mere 1.75p. The move comes as Bob Neill, the fire minister, will be urging fire authorities across England to privatise their services and hand over their equipment , training and vehicles to any private company that wants to make a profit from them. Arcapita, the only bidder for the stricken company, walked after demanding auditors crawl over AssetCo’s accounts before it would talk any further about a take over. A statement was issued today saying it was not proceeding with the take over. Worse, documents released to creditors reveal up to £5m of unpaid bills – including unpaid debts for corporate entertaining at sports fixtures ( £31,000 )and the use of private jets (£7000). The company blamed its former management and senior staff for leaving this trail of bills for high living, running up an unpaid card credit bill to American Express totalling £134,000. Now one of the creditors, Bookajet, has told this website that it was left with unpaid bill of £7000 for a hired jet from John Shannon, the former chief executive, after AssetCo refused to pay it. According to a spokesman Mr Shannon appeared to have taken the jet for a personal trip and not on company business. AssetCo are not commenting about this but it looks like Mr Shannon is contesting it. Bookajet say they have contacted debt recovery lawyers with the aim of seizing AssetCo’s assets. A taxpayer owned Lloyds Bank fire engine It has also been revealed by AssetCo and the London Fire Authority that all the capital’s fire engines are no longer owned by either of them – they have become the property of state-owned Lloyds banking group- owners of the Halifax and Bank of Scotland, for security for massive unpaid loans totalling some £30m built up by AssetCo. So firefighters are combating riots and blazes in vehicles courtesy of Lloyds Bank ,giving a new meaning to the Black Horse’s advertising slogan ” for the Journey.” Lloyds are now both the owner and creditor to AssetCo London and promise not to auction them off to get their money back. London Fire Brigade issued a statement assuring their fire engines are safe. Two highly embarrassing documents (see http://bit.ly/px5djv )have been sent to sharehol
as you say MD57 CFOs being urged by the gov't to outsource and head for privatisation gives rise to the ironic almost comedic scenario about to be played out these next few months There will be public money to bail out private companies in order to resurrect their strike breaking capabilities and the FBU so opposed to provatisation will provide additional demand and justification for a separate private strikebreaking force Sweet irony Back to the real issue Assetco yes I agree whilst many were highlighting the size of assetcos contracts there were only a few-yourself included who took the trouble to point out the cost of delivering these contracts-the cost exceeding the income leads us to where we are now There is a need /desire for private contractors to work at arms length alongside public services will assetco in a better managed format remain in that position? who knows but one thing is for sure now There is no money to be made by those who put a few bob in on the hope of a T/o Which is a shame for those that had the faith in Tudor Davies the turn around King Which master (s) was he serving? not the private investor it would seem.