Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Also the £2 million sale that was missed in the qtr, the production costs will be in the results. This will be rectified in the next qtr, so really there should be another £2 million on those results. So it not as bad as it looks, but the market won’t take that in to account until qtr 2…..
Thanks Londoner, interesting to see if Breedon try and tag the Ferriby plant on to the acquisition? I work for Breedon in the concrete business, and Ferriby would be a good fit for the plants we have, along with the ones we are getting in the deal.... Though I have heard they are only mothballing the plant not closing it completely, so it may not be up for sale.....
Evening Londoner, if you look at the Cemex concrete plant acquisitions that Breedon are taking on, they are mainly in the North East and all the way down the East coast. These would have been supplied from the Ferriby cement terminal. With these plants now coming across to Breedon, Breedon would supply these with its own cement. I can see why Cemex have made this decision, as they can supply the remaining concrete plants in the area from the Rugby cement plant.
Not invested in here, so please don't accuse me of being a deramper. I have a friend who works for Speedy, and he has just sold all his holding as he thinks bad news is on the horizon. Speedy have just sold 100 lighting towers, and his view is "why are they selling lighting towers when it's coming to the time of year when they are highly utilised by contractors?." Just though I would post this, make of it what you like.....