Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
LP 144.25
Strange this: Look at the 'positive' statement in Feb, only 3 months ago, SP still dropping LP 258.9. Think looking at the charts since 210 many will look for an entry around 220
A slowdown in demand has prompted AZ Electronic Materials to issue a profit warning, dragging down shares in the provider of speciality chemicals for the electronics industry by a quarter. The FTSE 250 company, whose chemicals can be found in flat screen displays, integrated circuits and LEDs, on Tuesday warned that lower-than-expected sales at its IC Materials division had weighed on margins and earnings. AZ cautioned that “recent trading and order visibility for the second quarter show that the IC materials business is likely to continue to perform below the company’s expectations for the first half of the year”. The company lowered its first-half earnings guidance and said interim revenues would be flat year on year. The group had previously suggested it would see “modest” year-on-year growth. AZ shares fell 25 per cent to 277p on the news. The shares in the Luxembourg-based group had – before Tuesday’s profit warning – risen more than a quarter over the past year, boosted by appetite for flat screens and tablet computer devices. The group was shortlisted in this year’s PLC Awards, in both the sustainability and technology categories.
I had the best EGM - I organise events you see. It was for Tarmac a few years ago and people didn't like the fact they were involved in building an extra runway somewhere. We were told to expect trouble but couldn't stop people attending if they were shareholders. Security outnumbered the board 3 to 1. Just before open someone ran through the security and chucked a load of animal urine over the ceo, worst still we had to continue in the same room after a shirt change - despite the smell!
LP 2.25 Sorry to all
Not in here at the moment, but have traded in the past when it bounced at 300. I noted yesterday that the support seems to have gone so I think we need a proper chart trader to advise on bands etc, timescales etc I'm not one, yet! and am heavily into GKP at present so couldn't invest yet anyhow but will keep my eye on this.
Is that the support gone at 300 ish? At a year low today. Might be worth keeping an eye on.
Surely its only a good buying opportunity at 12p due to the 10:1 consolidation, never mind the dilution??
Probably it went up by this much in anticipation of an offer so just dropping back to what it was?
Update on Potential Offer -- Discussions between Barrick and CNG ended -- ABG no longer in offer period -- Operational Review initiated -- 2011 total dividend of US$67 million to be maintained for 2012 Further to our announcement of 16 August 2012 confirming that Barrick Gold Corporation ("Barrick") had entered into discussions with China National Gold Group Corporation ("CNG") regarding a potential sale of its 73.9% stake in ABG, we have been informed by Barrick that it has now ended discussions with CNG. As a result, ABG is no longer in an offer period under the Takeover Code.
http://www.thetimes.co.uk/tto/business/markets/article3572896.ece he stock market’s racier investors wondered whether to back up the lorry and load up with Northgate shares. They heard insistent whispers that the company that rents White Van Man his vehicles had caught the attention of a serious potential buyer. Avis, the American car hire group with a big European operation, is rumoured to have been running the numbers on Northgate for six months or more and to have already indicated that it may be prepared to offer somewhere approaching 400p for shares another 1¾p higher at 254¾p yesterday and nearly two thirds dearer than in June.
Was 1% down till 4pm - then went ballistic 1.7% up now Maybe some truth in the T/O rumours?
... Bumi Plc shares lost 11 per cent on Thursday and 22 per cent of their value on Friday. After Monday’s 32 per cent-drop, they are now down more than 90 per cent from their April 2011 peak of £14. Even the Rothschild imprimatur has not saved shareholders from disaster. Of course, there are plenty of developed world companies that suffer the ignominy of a shareholder dispute and the embarrassment of having to launch an investigation. But it is still the case that levels of financial transparency in emerging markets tend to be lower than in developed markets. Let’s see what Bumi Plc’s investigation reveals.
FT a couple of hours ago http://blogs.ft.com/beyond-brics/2012/09/24/bumi-from-bad-to-worse/#axzz27OaOLV2j High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://blogs.ft.com/beyond-brics/2012/09/24/bumi-from-bad-to-worse/#ixzz27OagmBda For the smart investor what really matters in emerging markets is not putting the money in – it’s getting it out. That’s the real test, as investors in Bumi Plc have learnt to their cost. The shares plunged 32 per cent on Monday after the London-listed group, part-owned by financier Nat Rothschild and Indonesia’s Bakrie family, launched an investigation into alleged financial irregularities at one of its Indonesian affiliates. The FTSE 250 mining company said it would probe its initial valuation of parts of PT Bumi Resources, the heavily-indebted Jakarta-listed coal miner in which it owns a 29 per cent stake. Bumi Plc said in a statement it had “become aware of allegations concerning, among other matters, potential financial and other irregularities in the company’s Indonesian operations, especially in relation to PT Bumi Resources”. As Mark Wembridge and Ben Bland wrote for the FT, news of the probe at one of the Bakrie family’s key companies will deal a further blow to the credibility of Aburizal Bakrie, the eldest of the Bakrie brothers, who is running for the presidency of Indonesia in 2014. Shares in the family’s other affiliated companies, including telecoms and property businesses, have already fallen this year because of concerns about high levels of debt and poor corporate governance. Bumi Plc said: An independent investigation has been commissioned to investigate the allegations on an urgent basis, and is to report to the Board. The Company also intends to contact relevant authorities in the UK and Indonesia, as appropriate, in respect of some of the allegations. An area of focus of the investigation will be the development funds of PT Bumi Resources Tbk. The extensive development funds in PT Bumi Resources Tbk and the one development asset in PT Berau Coal Energy Tbk were marked down to zero in the accounts of Bumi plc as at 31 December 2011, except for one investment with a carrying value of $39 million in the consolidated financial statements. As the FT said, in its full-year accounts to December 31, Bumi Plc took a writedown on the value of development assets at PT Berau from $75m to zero, and from $247m to zero in its own accounts. At least, shareholders had a fair idea of what was coming, given the acrimonious dispute between the Bakries and Rotschild. Bumi Plc shares lost 11 per cent on Thursday and 22 per cent of their value on Friday. After Monday’s 32 per cent-drop, they are now down more than 90 per cent fr
Lol Just looking at the chart made me think the co was a tax avoidance racket!!
14 month chart dreadful Having said that directors bought higher than this Either one big ponzi scheme or very undervalued - not sure which! If I had seen it bounce before I would have jumped in here but not sure which way it'll go
Up 4% today after yesterday article
The giveaway was the fact it only recovered 10p after more than a 40% drop LP 98p