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Well i was spiked here on a very small punt (about a days pay) during the "naked short squeeze" bs and averaged down heavily putting a lot more in (profit from OPTI) once AR was on board. I can't see AR risking ruining his reputation wiping us out, particularly with NEW and all the attention and interest it has had (media etc) and still has. I still need a 50% rise just to break even here, be interesting to see how this all pans out, that's for sure.
Still not 100% sure what they actually do other than provide a "Youtube for business" type thing but here is an article about them http://realbusiness.co.uk/article/29409-big-sofa-disrupting-unilever-ba-mars-and-the-uk-government-with-video-technology
Very nice progress here in one of my better holdings, one I wish I had put in and topped up a LOT more but I still think we have a lot more to come. Skippy, Hope certainly does fill in geographical gaps, in my area down south Breedon is virtually unheard of but just the other day I saw Hope cement trucks delivering yet more cement for the continued expansion of the container area at the new deep water berth of Southampton docks. It has been noted how professional and efficient they are to deal with as well as the quality of their product. I will be certainly adding to my holding here for the long haul.
6 January 2016 LSE: VER Vernalis Announces Corvus Pharmaceuticals, Inc. as its Worldwide Licensee for their Adenosine Antagonist Program Adenosine antagonists under development for use in immuno-oncology Vernalis plc ("Vernalis" or the "Company") today announces Corvus Pharmaceuticals, Inc. ("Corvus") as its licensee for their adenosine antagonist program. In February 2015, the Company licensed exclusive, worldwide rights in its adenosine receptor antagonist programme for use in all therapeutic applications to Corvus, a U.S.-based biotechnology company. At the time the name of the company was not disclosed and nor was the initial therapeutic focus. Corvus was launched through a $33.5 million Series A fundraising in 2014 by the founder and former senior management at Pharmacyclics Inc. and it raised a further $75m (Series B) in September 2015. The lead molecule, CPI-444 is a patented small molecule that has been evaluated in Phase I and II clinical trials under an IND in the U.S. Corvus brings a wealth of clinical and commercial expertise and experience and is looking to develop CPI-444 for immuno-oncology, with clinical studies expected in 2016. Ian Garland, CEO of Vernalis commented "We are pleased to make public that Corvus is our licensee and we are excited about the development of CPI-444 in an immuno-oncology setting." -- ends --
Is it ever likely here? 36% down from my avg, can't/wom't avg down anymore.
Isn't Jeremy Middletons average about 251 for his £7.5million+ holding?
Makes excellent reading! http://m.londonstockexchange.com/exchange/mobile/news/detail/12486165.html
Source - http://www.leicestermercury.co.uk/Aggregate-industries-boss-Pat-Ward-joining-rival/story-27680521-detail/story.html Also mentioned here - http://www.thecourier.co.uk/business/news/breedon-mines-new-ceo-from-rival-aggregate-1.896898
Pt 2 - "In welcoming Pat, I would also like to pay tribute to Simon Vivian on behalf of the board, our shareholders and employees – all of whom have prospered under his stewardship. "Simon has overseen Breedon's evolution into a leading player in the UK building materials sector and we have reason to be enormously grateful to him for his leadership. He and his management team have delivered an exceptional performance during a period of unprecedented economic and market challenges for our industry. "Particular credit is due here to Tim Hall and Alan Mackenzie, who have so ably led our English and Scottish regions for the past five years. Under Pat's direction, they will retain full operational control of their respective businesses and continue to play a prominent role in the growth and development of the group. "Simon leaves the company in great shape and in good hands. We're particularly delighted that he will remain with us as a non-executive director, enabling us to continue to take advantage of his experience and counsel." Simon Vivian said: "I'm tremendously proud of what we have achieved at Breedon and would like to thank everyone who has helped to create the business we have today. "The company has doubled in size since Breedon's formation in 2010 and we have a great team with a unique blend of experience and capability. While moving on is always difficult, I'm convinced that now is the right time for me to do so. I've known Pat for many years and am delighted that he is succeeding me at such an exciting time in Breedon's development." In a statement Breedon said Mr Ward's terms of his departure had been agreed with Aggregate Industries and a regulatory announcement would be made at that time. Aggregate Industries employs more 4,000 people – including about 700 in Leicestershire – and turned over £1 billion in 2013, when profits were £96.4 million. It can trace its roots back to Bardon Hill in 1858, and in 2005 was taken over by Swiss-based Holcim for £1.8 billion. Last month Holcim joined forces with France's Lafarge. Breedon Aggregates operates 53 quarries, 26 asphalt plants, 59 ready-mixed concrete plants and three concrete block plants in England and Scotland and employs around 1,240 people. The group has more than 500 million tonnes of mineral reserves and resources in the UK.
Aggregate Industries boss Pat Ward joining rival Breedon Aggregates By TomPegden | Posted: August 26, 2015 The boss of one of Britain's biggest aggregates companies is standing down to join a rival. Pat Ward is leaving his post as chief executive of Aggregate Industries at Bardon Hall in Copt Oak, west of Leicester, to take up the same role at Breedon Aggregates, based in north Leicestershire, near East Midlands Airport. Mr Ward took on the top job at Aggregate Industries in April 2014, replacing Alain Bourguignon and re-establishing its head office in Leicestershire from London. He has been with the £1 billion-plus Leicestershire quarrying business for 20 years, and spent the previous 15 years running Aggregate businesses in the US. He plans to join Breedon next year, replacing Simon Vivian, who has led Breedon since its launch, and will take a non-executive role. Mr Ward follows former Aggregate Industries chief executive Peter Tom, who left the company in 2007, and three years later led a deal to take control of quarry firm Ennstone – later renamed Breedon Aggregates. Mr Tom is now Breedon's executive chairman Mr Ward said: "I'm delighted to be joining the UK's largest independent aggregates business, having watched with interest the great progress made by Breedon since 2010. "It's clear to me that it has been able to flourish through a combination of the commitment and dedication of its employees and the strong leadership of Peter and Simon. "I look forward to playing my part in the next leg of Breedon's journey." Mr Tom said: "We're fortunate to have persuaded one of the most successful and experienced executives in our industry to lead our business through the next phase of its growth. "I've known Pat for more than 20 years and it's rare to find someone with his combination of deep industry knowledge and outstanding leadership skills. "It's a measure of our achievement over the last five years that such a highly-respected figure within one of the world's biggest building materials groups should decide to join the Breedon team.
Maybe articles like this are not helping, albeit criticism from a rival. http://www.sharesmagazine.co.uk/news/utilitywises-aggressive-accounting#.VdYv3znZWrB I am 25% down here atm and thats after averaging down a little on last drop to 180.
The Berenberger one a week earlier sounds better and Cantor Fitzgerald have their own issues at the moment anyway - Breedon Aggregates Ltd 34% Potential Upside Indicated by Berenberg 27th July 2015 Breedon Aggregates Ltd with EPIC LON:BREE had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Berenberg. Breedon Aggregates Ltd are listed in the Industrials sector within AIM. Berenberg have set a target price of 70 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 34% from today’s opening price of 52.25 GBX. Breedon Aggregates Ltd LON:BREE has a 50 day moving average of 48.13 GBX and a 200 day moving average of 46.75 GBX. The 1 year high share price is 52.26 GBX while the year low stock price is currently 0.39 GBX.
Breedon Aggregates Ltd 15.4% Potential Upside Indicated by Cantor Fitzgerald 4th August 2015 Breedon Aggregates Ltd with EPIC LON:BREE had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Cantor Fitzgerald. Breedon Aggregates Ltd are listed in the Industrials sector within AIM. Cantor Fitzgerald have set a target price of 60 GBX on its stock. This now indicates the analyst believes there is a potential upside of 15.4% from the opening price of 52 GBX. Breedon Aggregates Ltd LON:BREE has a 50 day moving average of 48.86 GBX and a 200 day moving average of 47.02 GBX. The 1 year high share price is 57.75 GBX while the 52 week low for the stock is 39.41 GBX.
Welcome Doffer, I recognise you from RMG I think it is? I got in here fairly recently too at mid 40s after looking for some diversification and cheapish entry into building supplies sector but have topped up as recently as Tuesday as the more I look at this company the more I am feeling confident in it and wishing I had put a whole lot more in at the start. I also got in MBH (not tipping or "ramping" DYOR etc) at the same time which has also been doing well for me, but got in that based on it having started out near me (Michelmersh, Romsey) and having known so many people that worked for them over the years, as well as a few that still do. I am certainly seeing the advantage of these steady progress smaller companies long term, unlike some of my other AIM picks these haven't given me any paper losses, even for a day so far, let alone alarming ones for weeks as some my others have!
I think it's the Leo Quinn effect in action, he has made no secret of the fact that there is a lot of work to be done to turn the company around and that it is not going to be a quick fix - but - he is one of the very few capable of doing it and doing it properly.