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PIRI BOWOOD
09 Oct 2015
Thoughts Any thoughts on PIRI? Perhaps it's slipping into the abyss.
BIOM pond1
09 Oct 2015
Interesting Coffee fact My son bought some Kopi luwak yesterday, it is the most expensive coffee in the world.It is produced from coffee beans which have been digested by a certain Indonesian cat-like animal called the palm civet or also civet cat.So its something that has been passed as poo and is expensive, I will say no more!
ALK middler2
09 Oct 2015
RNS: Extension It seems BB have not yet got to 80%, let alone the 90% they need, so have extended the offer. Sadly, they have not upped the price, nor has a better bidder yet entered the scene. Is it too late, or could a rival scoop up the remaining 20+% and still win the day? Personally, I still think the offer price is well on the low side, but is it game over?
EMED dave297
09 Oct 2015
Re: Slightly off topic amur Most of we long termers have "topped up" several times over the years,I most recently in the placing.If the price of CU does recover strongly in the next year or so ( which many analysts believe) & we announce (at last) that our grades & potential resources are expected to increase, 3.75p(112.50p) may well seem to have been a bargain (with the benefit of hindsight)-& history could prove that now is exactly the right time to buy more.I w,however,will hold off for now, & if Ace is right,( &we reach 50p(1500p) I will be very happy & look forward to the extremely long awaited Emed success party.Have great weekends all !
SRX Jitter
09 Oct 2015
Re: Ghost town Looks like a good buy long term. J.
KLN BOWOOD
09 Oct 2015
Re: Sector News Good growth on top of good growth becomes more difficult but I feel recovery situations such as KLN and NBB could outperform over the coming couple of years. At the moment though I feel that KLN with a mc of £6m may have some of the potential factored in.
I agree with a number of the analyses below: VS alone being £4m, and has far higher potential - the founders must believe it’s worth much more as “should VS issue shares at a valuation lower than an agreed premium to the £58m valuation…the selling founders shall have to compensate Mr Jenkins by transferring to him further shares†– perhaps in the £100-200m range; Bosques has massive untapped potential and Leg got in very early – its stake being £100k – on the balance sheet; Amedeo could come good in the medium term, as could the smaller investments. And with the mkt cap at £2.6m, one could buy Leg and get VS at a discount to what Jenkins paid (!) with everything else for free! So why is the mkt cap at £2.6m i.e sp at .1 ish. I’m at a loss to explain this. Any ideas?
ESTL Sprocket60
09 Oct 2015
Re: relist 14/10/2015 ASX Compliance Pty Limited ABN 26 087 780 489 Level40, Central Park152 -158 St Georges TcePerth WA 6000www.asx.com.auMARKET RELEASE 9 October 2015Kalina Power LimitedREINSTATEMENT TO OFFICIAL QUOTATION Kalina Power LimitedCompany will be reinstated to official quotation as from 10am AEDST on Wednesday, 14 October 2015 following the effectuation of the deed of company arrangement and completion of a capital raising.131,195,298 ordinary shares fully paid 69,837,070 quoted options with an exercise price of $0.10 and an expiry date of 30 November 2015
SAV dickie3times
09 Oct 2015
RNS & Update Savannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining7 October 2015Savannah Resources PlcCash Placing Savannah Resources plc (AIM: SAV) ('Savannah' or 'the Company'), advises that it has raised £225,500 cash (before expenses) through the placing ('Placing') of 13,264,706 new ordinary shares of 1.0p each ('Ordinary Shares') at a placing price of 1.7p per ordinary share ('Placing Shares') to three of its existing shareholders. Savannah's Chief Executive Officer, David Archer, said, "We are delighted with the continued commitment shown by these shareholders. The funds will be used to support a 1,500m diamond and reverse circulation drilling programme on a series of high priority, VMS and gold targets on Blocks 4 and 5 in Oman. We are drilling target types which, by their nature, generally exhibit higher grades which is the key characteristic for successful mine developments. "The drilling is designed to allow us both to define a maiden JORC Mineral Resource on Block 4 and to increase our high grade copper Mineral Resource on Block 5. "Drilling is expected to commence next week." Details of Placing The Placing will be in two tranches as follows: Tranche 1 - an amount of £125,500 for 7,382,353 Ordinary Shares at a price of 1.7p per share; Tranche 2 - an amount of £100,000 for 5,882,353 Ordinary Shares at a price of 1.7p per share. Application will be made for the Placing shares, which will rank pari passu with the existing Ordinary Shares in the Company, to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective and dealings will commence as follows: Tranche 1 at 8.00 a.m. on 13 October 2015; and Tranche 2 at 8.00 a.m. on 4 November 2015. As a result of the Placing, the percentage holding of a significant shareholder will increase and the revised holdings are expected to be as follows: ShareholderHolding prior to the PlacingPercentage of Ordinary Shares prior to the PlacingNumber of Placing Shares subscribed forHolding following PlacingPercentage of Ordinary Shares following PlacingRémy Welschinger 11,425,5974.60%5,882,353 17,307,9506.61% Following Admission the total issued share capital will consist of 261,777,390 Ordinary Shares. As such the total number of voting rights in the Company will be 261,777,390 Ordinary Shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules. The net proceeds of the Placing will be used by the Company to support drilling programmes in Oman as well as for general working capital purposes. **ENDS**
EZH nk1999
09 Oct 2015
Investec From Citywire:"EasyHotel has a strong year and set for moreBudget hotel chain EasyHotel (EZH) has had a strong year and proven that its operational model works.Investec analyst Alex Paterson retained his ‘buy’ recommendation but lowered the target price from 117p to 100p. The shares fell 7.2% to 65.9p yesterday.‘EasyHotel’s year-end trading update shows good trading from its hotels and adjusted [earnings] is expected to be £1.4-£1.5 million,’ he said.‘However, the opening of the new hotels in both Liverpool and Manchester is now expected to be in late 2016 and we adjust our forecasts accordingly. Ways to accelerate the strategy implementation are being looked at and will be updated in December. We believe that the owned and franchised hotel model is working and retain our “buy” recommendation, but cut our target price from 117p to 100p on lower forecasts.’He added that new chief executive Guy Parsons ‘has a strong track record of building out budget hotels, opening one every 10 days at peak for Travelodge’ and he is ‘currently looking at how the strategy can be accelerated as well as how the core operation disciplines may be improved’."
ARG penguin14
08 Oct 2015
Re: another view of oil, by aus looks like a subscription article although I got in foc....otherwise, best not to go near this.
VSVS nk1999
08 Oct 2015
Investec From ADVFN:"Investec took a look at the UK industrials space, upgrading IMI to 'buy' from 'hold', while cutting Spectris to 'hold' from 'buy' and both Vesuvius and Weir to 'sell' from 'hold'.Investec said that for most companies, trading in September will have been weak, not terrible, just weaker than consensus expectations."This will be confirmed by the upcoming trading update season, but has been previewed by the slew of broad-based profit warnings globally and recent conversations we've had."On IMI, it said investors still generally buy into chief executive Mark Selway's s strategy and plans even if the doubling of profit target to 2018 looks a challenge."We view IMI as being at the better quality end of the UK industrials universe and the operational actions being delivered will only enhance this medium-term. While short-term earnings momentum is negative (although probably not as bad as currently assumed) we see cash generation, the balance sheet and dividend yield as attractive and the valuation as undemanding."As far as Vesuvius is concerned, the brokerage said management has continued to improve the operational performance in recent years, but multiple end market headwinds will overshadow these efforts for the time being."We downgrade our EPS expectations for Vesuvius more than for almost any other company we cover as trading in both divisions continues to deteriorate. We are well below consensus and comfortable being so."Finally, it said Weir looks vulnerable to profit revisions greater than consensus expectations reflect."The impact of copper and gold will be felt in terms of lower volumes and pricing, particularly in FY16E, we believe."Investec said this outturn is not factored into current guidance or consensus estimates."nk
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