Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Last year was a difficult one for the shipping sector, hit by the recession, low freight rates and overcapacity, but Charles Stanley sees more optimism in 2010. Volatility looks set to continue, it says, with Chinese demand and infrastructure spending likely to determine the outcome for the dry bulk sector. But the impact of the cold winter and declining oil stocks has stimulated the tankers market, while better conditions are anticipated for the containers business. Charles Stanley has an 'add' rating on Braemar Shipping with 530p target price, the same rating and 954p target for Clarkson, while Goldenport is a 'buy' with 141p target. UK-listed Braemar Shipping enters its close period ahead of full-year results in May and Clarkson is due to announce final results on 11 March, which "should herald further outperformance"
PRU buying AIG Asian business will be very good for the longer term. Great growth potential market. Such a shame to have to dilute the company shares to achieve and so short term bad news for current shareholders. LGEN and a few others seem to have been dragged down by this. 70p (recent support levels?) seems to be a good buy in price especially in the run up to the results due out later in the month.
Cannot help feeling that with the Director buy of 100,000 shares at 390p (28th Jan 2010) that there is still a little more increase in the SP yet. If I was not such a short term trader I would look to hold on for even longer.
I think the results are due out this week. Be interesting to see how they have performed.
Indeed a bit odd. If purchased from another director then at some stage today that should show up as another RNS with a Sell position. Increased position from 0% shares to 5.74% shares. Perhaps it is just administration work??
I remember reading that the Defined Benefits Pension Scheme had closed to new employees and so this should eventually allow them to manage their Pension Debt a lot better.
Agree with your view. Good company with sound fundementals. However I still can't help feeling that certain companies are very unloved by the City no matter what they do. Cost is one of those. (In my view)
I am not so sure that there will be all sells and no buys. People will no doubt be somewhat annoyed at the lack of info and will want to get their money out asap, however if this does come back it is much more likely to survive and therefore can only do better than it has done sp wise after any initial sell off. The tie up with the larger company sounds promising. This is of course if QTI ever comes back at all. I will continue to hold until more concrete evidence is forthcoming. I feel that I have already lost the money so what the heck.... In for a pound out for a penny....... ;-)
Exane BNP Paribas starts Tate & Lyle with outperform rating; target price of 480P
http://www.investegate.co.uk/article.aspx?id=201002020700084891G&fe=1 Good forward utilisation of ships and expected to meet city expectations. Further lowering of debt due to increased profit from selling old ships for scrap and proceeds used to pay off debt.
Good article in the FT http://www.ft.com/cms/s/0/6d0a5342-0b7f-11df-8232-00144feabdc0.html “The bull market in sugar has a long way to run and we would expect there to be concerns about prices for the next six to 18 months,” said Nick Hungate, an executive director at Rabobank.
Sweetener group Tate & Lyle's net debt slid by £123m during the quarter to stand at £864m at the end of December. Investors' interest should also tick up as the new chief executive, Javed Ahmed, outlines his plans for the business in the months ahead. So the shares could actually prove sweet for investors. Buy says the Independent.
I would agree with you, however since I have already filled my boots at various prices, both above and below current SP and the fact that the City does not seem to like this company I will probably hold with what I have got. Too often I allow my portfolio to become too weighted in one to three stocks.
Crikey, this share is having a very tough time of it. Even worse off than Barclays today. Anyone have any ideas why the horrid performance?
The below RNS regarding BMS should also bode well for GPRT. An upturn in world trade in the last six months has been driving improved shipping activity at Braemar, the provider of broking, consultancy, technical and other services to the shipping, marine and energy industries. In an upbeat trading update, the company said it has benefited from a dry bulk market that proved more resilient than many expected in 2009, especially towards the end of the year. The company attributed much of the resilience to demand from China and, to a lesser extent, India. Although tanker market rates were soft for much of 2009, there has been some improvement in rates in recent months while the group's transaction numbers remain strong.
Have approx 750,000 Gradually topping up over the last 2 years. At the time thought they were a very good bet (although still a bet) saving water and costs etc. Like most on this board, would be a relief to get the money back. However things could still do very well with the US link up. It will depend on how many investors feel that they just want out after such a long roller coaster of a ride. I am not sure if I will sell or keep. Need to see more info and how things go.
Decent small company and whilst no interim divi, useful yearly divi of 5.4%. Also increased turnover at last interim report and increased level of profit. Combined with lower levels of debt adds up to a decent company. Only problems are it's small market capitalisation, B/O spread of approx 10% (however should deter day traders - like me sometimes), potential lack of take up from any big buyers and finally Gov cutbacks, although this company run a lot of road repairs which are more difficult to cut back on. Worth buying and holding for divi's. Auther holds these shares.
Even after small increase to 26p, still rated as a buy, even if a weak one.
Even with this news, perhaps the SP has hit a short term peak. Longer term may do better, however chance to sell now and re-invest in other companies with stronger short term potential?? Author currently holds HIKMA Shares and has for the last 12 months plus.
London, 11 January 2009: Hikma Pharmaceuticals PLC (“Hikma”) (LSE:HIK) (NASDAQ Dubai: HIK), a leading speciality pharmaceutical company, announces that it has signed an exclusive agreement to represent BioCryst in respect of its anti-viral product peramivir for pandemic flu treatment stockpiling opportunities with governments in the Middle East and North Africa (‘MENA’) region. Said Darwazah, Hikma’s Chief Executive Officer commented: “This agreement reinforces our position as the partner of choice in the MENA region. BioCryst has received peramivir emergency use enquiries from a number of countries in MENA, and we look forward to working with BioCryst to make peramivir available during the ongoing influenza pandemic, leveraging our regulatory and commercial capabilities across 17 markets in the region.”