yeah the next interims will show profit
Before ella is 18, they will hopefully have a stake in 2 powerplants, one in ukraine one in canada
After several years of negotiations, which were initiated by CEO Richard Spinks before assuming his role in the Group, in July 2014 AEG announced that it had succeeded in establishing a joint venture Canadian corporation, in which it holds a 45% equity stake, to commercialise some 256,000 hectares of nativeowned lands containing a wealth of valuable forestry assets.
Demand from Turkey, which is Europe’s largest supplier of MDF, is very strong. The country currently produces over 5 million metric tonnes of MDF per annum, with a value of over $2.5 billion, which is forecast to grow 8% year-on-year to over $3 billion by 2017. Ukraine is the third largest supplier of wood chip to the Turkish market, with a market share of 12%, behind the USA (34%) and Bulgaria (13%). Given that Ukraine has key supply advantages over the USA, including time, cost and quality benefits, the Board believes that there is considerable scope for further growth in volumes and market share. As evidence of that scope for growth, AEG secured off-take agreements in Q4:2014 for up to 600,000 metric tonnes of wood chip to be supplied in 2015, an increase of 779% over 2013 volumes. The following graph shows the growth in wood chip export volumes to Turkey from 2012 to 2014 and confirmed order volumes for 2015.
have you read the aeg final results?
look at the buying this morning