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BBY oldjoe1
01 Dec 2014
BBY Have Assets Bid For.... UPDATE 1 – John Laing Fund makes 1 bln stg offer for Balfour assets01 Dec 2014 - 07:52(Adds background, Kier Group in talks with Mouchel)LONDON, Dec 1 (Reuters) – John Laing Infrastructure Fund on Monday offered to buy Balfour Beatty's portfolio of public-private partnership assets, operating in sectors like education and health, for 1 billion pounds ($1.6 billion) in cash.JLIF said it would fund the deal by issuing shares.The group is one of Europe's largest listed infrastructure funds which partners with public sector groups across the world to deliver local and national infrastructure projects.John Laing's swoop for the assets comes after a troubled couple of years for Balfour Beatty, during which it has issued a string of profit warnings and fended off takeover approaches from rival Carillion .The infrastructure group has appointed turnaround specialist Leo Quinn from defence firm Qinetiq as its new chief executive, tasked with leading a strategic review of the group when he joins on Jan. 1. ...
BVM gretel
01 Dec 2014
Ticking up...and contract news Nice tick up on Friday night.And more contract news on the web site:[link] "TouchStar Supply Truck Mount Devices for Great Bear “Super Shed” Facility TouchStar’s Vienna 7500 Series Truck Mount devices roll out in Great Bear’s New Nottingham based high specification facility. The facility, developed as a robust single site solution, coincides with the 20th Anniversary of Great Bear, a leading logistics company in the provision of Storage and Distribution Solutions. The “Super Shed”, and its infrastructure have been developed to support the future growth of their operation and the strengthening of a longstanding customer relationship.Great Bear fully appreciate the effectiveness of Radio Frequency technology and like to source the most up to date systems and infrastructure to enable them to run an optimised and efficient warehouse. Already in use across a number of locations nationwide, the Vienna 7500 truck mount device is Great Bears terminal of choice, providing fast, high end and accurate warehouse data capture whilst meeting their requirements for a rugged and reliable device. The latest generation Vienna was most recently rolled out within the new “Super Shed” facility and is set to play an integral role in streamlining a number of existing warehouse processes. Further supporting Great Bear’s growth objectives, the devices are also backed by an all-inclusive TouchStar support contract, guaranteeing operational efficiency, decreased downtime and reduced cost of ownership."
ORM Cornishknocker
01 Dec 2014
30% price increase, pre-trade, could this be a good day?
FDL delta delta papa
01 Dec 2014
Possible reason ? Ever since reading the half year report last Wednesday I have been puzzled why the company decided that the half year results would be a good time to record this exceptional non cash impairment.In reading the definition of 'impairment', in accountancy terms it means a revaluation of fixed assets. Why would you do that ? Well under 'revaluation of fixed assets' I found this :-In finance, a revaluation of fixed assets is a technique that may be required to accurately describe the true value of the capital goods a business owns. This should be distinguished from planned depreciation, where the recorded decline in value of an asset is tied to its age.Fixed assets are held by an enterprise for the purpose of producing goods or rendering services, as opposed to being held for resale in the normal course of business. For example, machines, buildings, patents or licenses can be fixed assets of a business."The purpose of a revaluation is to bring into the books the fair market value of fixed assets. This may be helpful in order to decide whether to invest in another business. If a company wants to sell one of its assets, it is revalued in preparation for sales negotiations."The sale of Kleeneze would be a great move.DDP
WLFE Cornishknocker
01 Dec 2014
So we're looking at a 20% ore reserve increase WITHOUT the Southern extension (which I can't see not having permission granted for), with no increase in Capex and what should bring a lower strip ratio. That has to be worth 3p on the share price surely?
MWA Rogen83
01 Dec 2014
Re: Publication of Bond Prospectus and Gold bouncing from Swiss vote sell off. now just down 0.8%
MWA Rogen83
01 Dec 2014
Publication of Bond Prospectus Lift off....Mwana Africa PLC("Mwana", the "Group" or the "Company"
Publication of Bond Prospectus Mwana Africa is pleased to announce the publication by its 74.7% ownedsubsidiary, Bindura Nickel Corporation Limited ("BNC" of a prospectus inrelation to the previously announced bond to help fund the restart of theBindura Nickel Smelter.Highlights: * Prospectus for $20 million bond issue published and marketing commenced * 5 year term with 10% semi-annual coupon rate * Expected to close late January 2015 * Liquid Asset Status granted by the Reserve Bank of Zimbabwe requiring Zimbabwean banking and other financial institutions to invest a minimum percentage of their assets in the Bond * This is in addition to the bond's Prescribed Asset Status which allows it to be carried as such by Zimbabwean insurance and other long-term savings institutions * The proceeds of the bond will be used to help fund the restart of the Bindura Nickel Smelter which will enable BNC to produce a nickel leach alloy which is expected to improve the achievable nickel price and lower operating costs. Any additional funding for the smelter will be provided out of existing BNC cash flows Mwana Africa will provide a parent guarantee for the bond.Kalaa Mpinga, CEO of Mwana, commented:"We are pleased that BNC have published the prospectus in relation to the $20million bond and look forward to updating the market on our progress over thecoming months. We would like to thank the Reserve Bank of Zimbabwe as beingawarded Liquid Asset Status allows BNC to widen the financial institutions thatcan support and participate in the bond, potentially increasing its liquidityand tradability. The restart of the smelter will allow in-country beneficiationand will provide significant benefits to BNC and Mwana".
NEW Bobby2812
01 Dec 2014
Dead and Buried Administration, here it comes
GBR BOWOOD
01 Dec 2014
Nice rise Nice rise on Friday and I would expect it to go further this week. MC only £1m at 0.30p and with the new CEO with 29 o/o and a lot of private interests to inject we could see the sp move well over the coming weeks.
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