Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Anyone else watching this? There seems to be a sudden surge of activity. Some quite large buys going thro at £3.25. Volume suddenly up........
This does seem to be an excellent RNS. Increased revenue by 73%, net 11 rigs added = an increase of 15%. Etc etc. Personally, considering this appears to me to be a company doing very well it has been a very static share, and after todays RNS I would have expected a bit more movement. Oh well I will carry on waiting!! Anyone else any thoughts? We are pleased to report another year of strong growth for the Group, with expected revenue of $130m for the full year, representing a 73% increase on 2010 and a significant increase from the revenue of $59.5m for the first half of 2011. During 2011, the Group has again made significant progress on delivering on its stated strategy of strong and profitable growth, through the expansion of its fleet and operations with a number of key customers, in addition to establishing operations in new countries. Against the backdrop of a continued supportive demand environment, the Group added a further 14 rigs over the course of the year, consistent with the additions in 2010. As previously noted, the Group has, as part of its on-going asset management programme, decommissioned two older rigs from the fleet as well as selling a rig, therefore adding a net 11 rigs over 2011, generating rig growth of 15%. As such we start the 2012 financial year with 85 rigs in the fleet. Demand for our services has again been driven by increased requirements of the Company's existing customer base with additional rigs deployed with Centamin, Barrick Gold (post their successful takeover of Equinox Minerals) and Kinross. BHP Billiton (Chile), a new customer in 2011, has also recently increased their on-site rig count. Corporate activity amongst our customers in 2011 (namely Barrick Gold/Equinox Minerals and RIO/Riversdale) has seen an increase in the Group's exposure to major blue chip mining companies, which represented 63% of revenue for the year as a whole and 73% in the second half. The second half of 2011 saw a continuation of strong market conditions for drilling services, which have been a feature since Q4 2010. The Group's top line KPI's performed strongly in the fourth quarter with an average fleet size of 83 rigs, utilisation rates of 83% and an Average Revenue Per Operational Rig ("ARPOR") of $164,000. Second half KPI's have shown continued growth on the first half, with an average fleet size of 80 rigs (up 5% from first half 2011), utilisation of 83% (up 2% from first half 2011) and ARPOR of $162,000 (up 5% from first half 2011).
Crikey have held on to these for an age, and at last a bit of action. But I can't find any news at the moment. Anyone else know anything.? There appear to be a couple of big buys gone thro - 1m shares x2.......
I agree with you - I now don't understand its previous dizzy heights given where we are at now. And I can't see it is going to be going anywhere at all for perhaps an age. The only reason I am hanging on is that every time I decide enough is enough and get out of something it stages a recovery.......... This has been a very frustrating purchase.
Well I am surprised by the absence of figures in this RNS. Nothing concrete enough in there to help the sp. Its as if we just have to "trust' them that it will all come good in the end. What does anyone else think. I thought that was a very disappointing RNS....
Anybody got any news on this laggard? Even yesterdays stellar gains did nothing for us. I feel mad with myself for remaining patient. What is everyone else thinking - any reason to remain optimistic or have I simply got this one wrong?
I was wondering the same. Perhaps they have got their supply of sodium cyanide sorted out?
Going back to your comment about the chart. Yes I agree with you. Now if it continues with the pattern, it looks today as if it might turn up again. What do you or anyone else think? Trouble is DOW and FTSE tanking at the moment on the european debt issues so maybe it won't tick up again.....?
Yes so you are here as well mulled, but not since 16/5/11!! Todays RNS look promising I think.http://www.stockopedia.co.uk/share-prices/sagentia-ag-LON:SAG/news/rns//110707sag9131j.htm?title=trading-update
Sudden burst of activity there up to 81.5p - wonder why? And any possibility of a change of direction...........? We live in hope.......... I could sure do with this to recover......
A completely useless and unhelpful comment on my part, but I just can't believe this drop. Just had to say it!!! I got in at what I thought was a good price after it first dropped after the split. I have not got out and taken a loss as I really thought it would bounce any day. Evolution may well have a £3.50 target, but I am wondering what planet they can possibly be on? I hope they are right, but for now I would settle for breakeven. AAAM did so well too. Bloomin annoying.
Unbelievable mulled - whenever I go to check out a new (for me) opportunity I find you have already got there!!! I picked this up from ADVFN this morning as I thought RNS looked good.
Read an article in the FT can't copy the link because I am not an on line FT subscriber, but noticed the article had been posted on iii so courtesy of poster there. David Schwartz, the FT small cap guru, has updated his views on his "company of the year" .............. "The second event that caught my eye was a full-year profit statement from my long-time favourite Carclo, the producer of precision plastic products. As expected, the company turned in a solid performance with growth in several areas including medical diagnostics and lighting. It also raised its dividend. But all eyes are focused on the jewel in Carclo’s crown: its conductive inkjet technology (CIT) division. CIT stands to become a major beneficiary of the touchscreen revolution sweeping through the mobile telephone and computer industries. Many industry observers, me included, believe CIT will be worth more than the rest of the company within two or three years. CIT has perfected tools to print invisible copper circuits on a variety of surfaces. The process is technically superior to other products on the market and is much lower in cost. Smartphones and computers are initially targeted and other high potential industrial applications will follow. But, in spite of prospects for a rosy future, there has been a big battle underway for several months between two groups of investors with strongly opposing views. Pessimists value Carclo based on current earnings. Many believe its shares are overpriced. Optimists focus on 2012 and Carclo’s critical role in the touchscreen revolution. To them, the shares are currently a bargain. Carclo’s latest financial results provide protagonists with no final answer to this debate. The bulls rejoice that earnings for the year ending March 2011 were 63 per cent ahead of the previous year. First-half earnings advanced 38 per cent and escalated in the second half by a whopping 86 per cent. The bears quickly answer that Carclo’s operating profit, which excludes some significant pension-linked adjustments, resulted in a much lower 11 per cent profit increase for the full year. I suspect the bull/bear debate will rage for another few months until the company’s next trading update. I also believe the bulls will win the argument for one important reason. CIT production will shortly come on stream. The division currently delivers no profit to Carclo. Here is one straw to the wind: Carclo is adding at least one new CIT production line to satisfy expected demand. A single line has the potential to contribute more than £6m to profits per year once it reaches full capacity. This is not bad for a company that just turned in a £5.9m annual profit. Even better, Carclo has partnered with Silicon Valley chip giant Atmel, the industry’s dominant touchscreen player, to exploit its opportunity. Atmel has already offered Carclo an upfront payment of $10m that will be paid shor
Is there no end to this slide.......... ? My holding strategy seems to be completely up the creek on this one.
Again reinforcing my view that this company has a lot going for it. Lets hope it is reflected in the sp today!
Yes mine is in an ISA and long term approach being taken! Somewhat forced upon me though as I really didn't think we would get this low - I thought the knife had stopped falling when I got in, but as usual one can often get this wrong. Glad to hear your confidence, and The-Hun's too, but I could really do with this trend to reverse. Couldn't we all I hear you all say! Yes GL to all.....
Did you know the NT bought into these yesterday?
Why so appalling? I just don't get it. Sorry repeating myself...... The Hun - surely they must know about this company - they knew about AAAM?