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But surprisingly little reaction to such major announcements ? Perhaps some is built in already ? Or the holiday season has dampened the reaction ? Or market sentiment is holding this back ? Could be a good time to top up, sit back and await the realisation of this news whilst others are away on the beach.?
The Group transferred its listing to the premium listing of the LSE's Main Market from AIM
Q3 Lonrho reports 31% growth and major new contract wins · Total reported revenue in the third quarter was £35.1m, an increase of 31.1% on the prior year, 19.1% on a like-for-like basis (excluding acquisitions and disposals) · Oceanfresh signed major new deals with Walmart in the US and Pick'n'Pay and Makro in South Africa · Lonrho Budget Hotels was awarded the exclusive master franchise for the easyHotel brand across Africa · Lonrho Agribusiness acquired the trade and assets of logistics firm Grindrod PCA, becoming the market leader in the export of fresh produce from Southern Africa by air · Lonrho Agribusiness acquired the fish distribution business Fish On Line · The Group transferred its listing to the premium listing of the LSE's Main Market from AIM
Group Financial Highlights · Turnover increased over 60% to £81.8 million (2010: £50.7 million) o up over 30% on a like for like basis · Results significantly enhanced by acquisitions of Data Select Network Solutions Limited (DSNS) and PJ Media Limited (PJ Media) in July 2010 · Underlying pre-tax profit of £3.4 million (2010: loss £0.2 million) - adjusted for exceptional and other non-cash items · Reported loss before tax significantly reduced to £0.7 million (2010: loss £2.7 million) · Cash at the year end of £5.1 million (2010: £0.9 million).
http://www.investegate.co.uk/Article.aspx?id=201107260700160300L
With the recent carnage in the global markets over recent weeks LONR has performed relatively well where other stocks have dwindled in value. In my view LONR remains robust and the strength shown in the downturn demonstrates its resilience. These signs suggest that when market sentiment improves the excellent fundamentals of this stock will see it re-rated to much higher levels. I also heard somewhere that LONR is heading towards full listing and wonder if this is true ? Can anyone enlighten me further as I have been buried in work of late.
http://www.investegate.co.uk/Article.aspx?id=201107210700097581K
IFM just completed a placing @ 6p which hits the market on 15 July. I am expecting a god rise on the back of this. A great team with an excellent track record. These guys realy know what their about. Have a lok at the progress they have made so far and make your own judgement. Get in early now if you agree - I think you will be very pleasantly surprised -but be sure to DYOR. And Good Luck !
Following tips in several broadsheets and indications of full listing LONR is the place to be. L2 showing good strength 1.521M v 0.381M Get in early and enjoy the rise !
Until the spread reduces I am not interested.
Key points: Financial 146% increase in underlying profit before tax and exceptional items1 of £1.9m (2009: £0.8m). 58% increase in underlying earnings per share 2 to 7.27p (2009: 4.60p). Sales advanced to £21.6m (2009: £11.0m). Cash balance of £3.5m at 31 December 2010 (2009: £5.0m). 74% increase in the proposed final dividend to 2.00 pence per share (2009: 1.15 pence). Key points: Operational Integration of Optivite largely complete with planned benefits being realised earlier than anticipated. Good performance from our international agriculture division. Purchase of Manton Wood production and head office site completed for £1.5m.
OFT investigation : Old news but I missed this one On 1 April 2011 the Competition Appeal Tribunal ('CAT') announced its judgement in respect of Hays' appeal against the level of the fine imposed by the Office of Fair Trading ('OFT') in September 2009. The CAT reduced the fine from £30.36 million to £5.88 million. This decision represents the outcome of previously reported proceedings which began in June 2006. The full amount of the fine has already been provided in our 2010 accounts.
Film Activity Highlights * The Veteran achieved a significant sale in the UK, where the film is expected to be released in cinemas on April 29th 2011 through Revolver Entertainment. * Ecstasy commenced production and is now in post production. Ecstasy is based on a book written by Irvine Welsh, the author of Trainspotting. The Company is expected to start to generate sales in the second half.
Financial Highlights * Turnover more than doubled to £245,456 (£93,058) * Operating losses reduced to £194,126 (£257,789) * Debt eliminated. No finance charges incurred compared with £176,660 debt costs in the same period last year * Loss per share reduced to 0.18p (0.22p)
http://www.investegate.co.uk/Article.aspx?id=20110329070000PE883
No stopping this now. New highs !
L2 4 v 1 Market sentiment is a little off this morning however ORM should shrug this off and move on upwards. Commodities, particularly rare metals should continue their up trend as inflation starts to bite. A good hedge as oil ramps up perhaps ?
L2 Now 4 v 1
Intandem appointed sales executive for 'Screwed' appointed sales executive for 'Screwed'
Apologies if already posted but well worth a read :- DAVY VIEW: Ormonde has a stated intention to initiate production from its tungsten project by late 2012. These initial results give confidence that the resource base is present where estimated and are a necessary part of the final commercialisation of the project. They are also important in that if more of the resource base is successfully converted to indicated category, then a higher output rate of 800,000 tpa of tungsten ore can be initiated. This will deliver higher revenues, sooner. Our valuation of Ormonde is 18p per share based on an APT price of $280 per MTU (a 10-kilo unit). This compares to a valuation of 32p per share based on current tungsten pricing at $360 per MTU.