Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
I have just heard that the company has been dissolved and am absolutely disgusted. This has all happened because of Chinese fiscal policy where they have stopped money going out of the country. Therefore no money to pay dividends, audit fees etc. I imagine that the company is still happily trading in China but meanwhile my pension has taken a hammering. Does anyone know if us UK shareholders can make a claim against the company in China? Is it something the FSCS would handle?
Looking back at the graphs I notice that these shares go up quite substantially every January to March quarter, obviously partly influenced by the upcoming results and dividend. I've averaged down twice now so hoping for an improvement this quarter!
I've just topped up on these at 559p. Looking back at the graphs I notice that these shares go up quite substantially every January to March quarter, obviously partly influenced by the upcoming results and dividend. I'm hoping for a dividend hike from this cash-rich company, maybe even a 'special' dividend this year. Any thoughts?
The Trading Update on 23 October 2013 states that ‘De La Rue will announce its interim results on 26 November 2013’. It also states that profits for the half-year ended 28 September 2013 will be in the region of £39m, up 18% on the six months to 29 September 2012. Profits for the full year are estimated at £90m, an increase of over 40% on the previous financial year. I’ve just jumped in at 830p because these results look impressive to me, and a buying opportunity because; a) the announcement of these results seems to be missing from financial event diaries/calendars (not on LSE’s or HL’s) so will come as a surprise to the market time-wise; b) these results, although in the public domain, are not in the price. When the brokers and analysts punch these numbers into their spreadsheets tomorrow they may well come up with a significant revaluation; and c) the price has fallen almost 15% since 23 October, a typical overreaction to banknote volumes falling 10%, as already discussed here. Not to mention a possible increase in the interim dividend! Anyone else agree?