Increased production More good news today.Maybe we will see a rise in the share price in advance of results.
Hosking's holdings Since 27th January, the above has increased its holdings from 2.6 to 10.6 million shares according to the RNS announcements. The latter said to be 12.75% of the total equity. Hosking seems to be a recently set up asset management Company based in Dublin, who from their web site want to attract those with a minimum of $25 million available for investment (ie high rollers)Not sure if this is significant but maybe stakebuilding afoot?SM
Re: Energy cost savings Yes that's my understanding as well. However, I would not be surprised if they are hedged for this year and even next, so whilst there should be substantial cost savings, they may well not materialise for some time. Happy investing in the new year.
Energy cost savings My understanding is that a high proportion of brick making cost is energy. Michelmersh should be getting the benefit of lower operating cost to improve it's bottom line.