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Hefty buys by Cazenove this week : 19-Sep-12 16:10:57 60.00 2,931,179 Buy* £1.759M http://www.investegate.co.uk/Article.aspx?id=201209201650277941M 20-Sep-12 13:58:45 60.00 5,700,000 Buy* £3.420M http://www.investegate.co.uk/Article.aspx?id=201209211208118633M This is a strong recovery play with decent dividend income, which makes for a good addition to a balanced ISA in my opinion.
The buy volumes seem to have excluded the 360,000 trade for some reason, it certainly lools like a buy to me compared ot the other trades today : 18-Sep-12 08:26:13 4.18 360,000 Buy* 4.00 4.25 15.05k O The volumes here are always dwarfed by the amount traded in Australia though which will drive the price until next news I think.
Thanks for the link in your 14:05 post, according to that article in 2010 Vaalbank production was due to start in the first half of 2011, yet in the results report just published (page 12) it says ‘Exploration is currently being planned with drilling to commence in late 2012’. A good example of things not quite going to plan ? I beleive the reason you could not find resource figures for this and 'X' is because there are none yet.
They are for sale : 'Binding offers due by end of the current quarter for a significant direct investment and acquisition of all or part of the Company's South Africa coal assets'. The assets listed are all in South Africa.
Hi, same here, I have no problem with you, I just want to give my opinion to look at this stock with very open eyes. Re the outlook, yes it does look great, that's my point. They spin the good side but hide the terrible financials. Why are they one minute saying this is all the things we are going to do next year then less that two weeks later say actually we want to sell it all instead. Re Botswana if you look at the corporate update you will see they may sell that as well. Re spending, see page 16 of the results http://www.conticoal.com/_content/documents/615.pdf
In my opinion a firesale of assets is never good. Less than two weeks ago the Company published a presentation ( http://www.conticoal.com/_content/documents/614.pdf ) which concluded with a statement on their outlook for 2013 : Vlakvarkfontein Coal Mine - 1.2Mt of domestic sales Ferreira Coal Mine - 600,000t of high quality exports - Extension to mine life Penumbra Coal Project - First coal production - Ramp up to full production De Wittekrans Coal Project - Finalisation of optimised Feasibility Study and decision to proceed with development Other - Completion of Vaalbank MOU with Total Coal - Completion of Vlakplaats pre-feasibility study Now they say that all that is up for sale plus the Botswana assets. Which is no real surprise when in between we see the financial state of the company in the preliminary results. In this ‘comprehensive corporate update’ they make mention of non-binding bids and indicative sale timescales of 3-6 months. Unfortunately Conti shareholders know that putting something up for sale and actually receiving payment are two very different things given that the Vanmag sale was announced as finalised in May 2011 but has still not settled. They say that the Mashala deadline for payment has been re-negotiated but there is no mention of cost implications. And of the cash, if raised, they indicate it will be used for capital expenditure for the next 12-24 months. Based on the preliminary results can we expect a large chunk of what’s left after paying for Mashala to be spent on salaries and consulting fees again, what do shareholders gain ? Sorry to be negative but in my experience anyone considering buying into this stock needs to look past the spin and ignore any analyst who ignores Conti’s spending habits and debt levels.
Please note that the last director buy was A$ not £. LSE shows the price incorrectly. They won't get income from Pembura end of year, it all goes to to repay debt for first year as revealed through a question from a shareholder at the General Meeting. You say that EDF have paid COOL to take coal from Vaalbank and project x, where has this been announced please ? Need to remember that Botswana resource is inferred.
http://www.investegate.co.uk/Article.aspx?id=201110121014390335Q These are looking like good value to me. I reckon a trading update is due very soon which will hopefully attract attention.
Weiss get their man on the board but will it make any difference ? http://www.investegate.co.uk/Article.aspx?id=201110121512460691Q I'm maintaining a watchful eye from the sidelines for now.
http://www.investegate.co.uk/Article.aspx?id=201110041300025241P Hirco plc (AIM: HRCO), the AIM-quoted real estate investment company, announces the appointment of Singer Capital Markets Limited as its Nominated Adviser and Broker with immediate effect.
http://www.investegate.co.uk/Article.aspx?id=201109161300034050O 'Progress on the fine line touch screen project at Conductive Inkjet Technology is good and remains on course to be production ready by the end of September.' Excellent !
You can sell your Nil Paid Rights anytime you want up until they expire. On the face of it, you would be better financially to buy the equivalent of your Rights entitlement directly from the market if the Ordinary Share price falls under the subscription price. And in these volatile times, who knows, that may indeed happen. But, you should expect that the market value of the Nil Paid Rights will closely correlate to the prevailing Ordinary Share price. So, if the Ordinary Share price does indeed slip under the subscription price then don’t expect the Rights to have much left in the way of value at the same time i.e. why would someone else want to pay for the right to buy the Ordinary Shares at 10p if they too could buy them cheaper in the market. I guess that in this scenario, you would hope to buy under 10p then watch the price rise before selling the Rights or sell the Rights now and hope that the price falls under 10p afterwards. The Nil Paid’s are traded under the ticker PDGN and as far as I can see, the last sale on Friday was on the Plus Market at 0.38p (http://www.plus-sx.com/companies/plusCompanyDetail.html?securityId=1278172 ). Before that sales were going through at 0.40p on LSE. Keep in mind that you will pay stamp duty (0.05%) and broker commission on your market purchase but no charges if you subscribe at 10p. It will be interesting to see what happens, good luck with whatever you choose to do.
Have you considered ‘tail swallowing’ ? This means selling a proportion of your current holding to fund taking up the Rights for the remainder. This would enable you to minimise your Capital Gains Tax liability whilst also making use of your CGT allowance (remembering you only pay CGT on gains of over £10,600 in the current tax year) and maintain your exposure to Pendragon without seeking out funds from elsewhere. Obviously I can’t advise whether this is your best option or not but it is something you might want to consider. Hope whatever you decide works out for you.
"Monitise has transformed its financial position over the past year. We have undertaken successful fund raisings and emerged with a strong balance sheet that will now fund us through to cash break-even. Revenues are accelerating as we attract new customers and they use more of our premium services. Our cost structures in the UK and North America are now fully aligned to revenue growth. "Our investments in new territories globally are directed at high growth markets in partnership with key players and we confidently expect those investments to follow a similar commercial path as in the UK and North America." Compare that to Parseq statement : The board now anticipates that Group profits for the full year ending 31 December 2011 will be below both market expectations and 2010 due to the ongoing softness in the back office outsourcing activities within its Services business. However, the Software business is expected to continue trading in line with or slightly ahead of expectations, particularly in light of the strong pipeline of new business, the quality of the global partners and the explosive growth in the mobile banking market. The board is disappointed with the performance of the Service business and is taking the necessary steps to improve its long-term financial performance. Nevertheless, the division will still make a full year profit and generate funds in the year that can be invested in the mobile banking business to continue to take advantage of the tremendous global opportunity in this growth market.
Oh ! what a tangled web we weave. When first we practise to deceive! Shri9 Posts: 58 Opinion: No Opinion Price: 5.75 Your too late EOKEV Today 15:03 I paid variously 4.5 to 4.7p. Shri9 Posts: 55 Opinion: No Opinion Price: 5.63 Bought What I Could 28 Jun '11 I managed to buy an extra 8000 at 5.79.
Share price up a further 46% and another set of excellent results this morning. http://www.investegate.co.uk/Article.aspx?id=20100819070000P22BD Well done again JM, roll on £5.00 :)