Roundup for Tadpole, Stanelco, Global Coal etc....
Tadpole Technology - Endeavors Technologies - Geospatial Division
Nothing new to report on this one. I'm awaiting an update on how their visit to MMS2007 went. They posted on their website that Endeavors were attending the event so an update would be prudent. Obviously I don't expect specifics, but it would be nice to know if they got some leads that they are now following up or if they just had a few nice days out. Come on guys, spill the beans!!!
Price has drifted back a little, but not below the 4p mark, which means I think we have now found our new base price for this one and gives us a point to build on if new news comes out soon.
Beau62 has reported on the iii BB that the AGM might be a little earlier than last year
"Apparently, it was indicated that the interims and the Annual Report are being sent out at the same time and should be released in the next 3/4 weeks. It would seem that the AGM may be a little earlier this year also, possibly end June."
Stanelco Group
This one is on my list of recovery stocks and when I first spoke about it the price was a buy at 1.11p. Cheap as chips if you think it has a future. Well obviously some think it has because it has risen 21.8% from that original buy price.
[I have a virtual portfolio of the shares I'm writing about which I put the buy price in on the day I blog it first so my percentages are from there (no buy or sell costs are included)]
So, what has happened to get this price moving.........a directorship change. It just goes to show that the people at the top can be as cruicial to the shareprice as the activities of the company.
RNS Number:7902U Stanelco PLC 13 April 2007 (extract below)
The Board of Stanelco today announces that Martin Wagner is stepping down from his position as Chief Executive with immediate effect for personal reasons. Paul Mines has been appointed as the new Chief Executive, and joins the Company on 16 April 2007. This change follows consultation with a significant group of the Company's shareholders.
Paul has extensive experience within the packaging sector. Until 2006, he was CEO of Betts Group Holdings Ltd. ("Betts") for eight years, having led a management buyout of the company from Courtaulds plc. Paul developed Betts as a specialist packaging business with a global footprint and sales of over #100m. An Engineer with an MBA from London Business School, Paul spent his earlier career at Courtaulds and ICI plc in a variety of commercial and operational roles. He has recently been a consultant partner with Wyvern Partners LLP, assisting their clients with fund-raising and strategic development with a focus on the packaging and renewable energy sectors.
------------------------------------------------------
There has also been director dealing by a non-exec.......
The Company has been notified that John Standen, Non-Executive Director of the Company, and his wife Mrs. Kathleen Standen, today purchased 1,000,000 ordinary shares each of 0.1 pence in the Company ("Ordinary Shares") at a price of 1.19 pence per Ordinary Share.
Following these purchases Mr. Standen's beneficial interest in the Company is 2,000,000 Ordinary Shares, representing a total of 0.07 per cent. of the issued share capital of the Company. The Ordinary Shares will be registered in the name of OMX Securities Nominees Limited, a/c KK.
It can usually be taken as a positive sign when directors are buying shares in a company they are with, however it's never a guarantee.
It appears that the subsidiaries of this company are doing rather better than the main company at the moment and particular attention should be paid to Biotec and Sphere's activities and contracts as this appears to be where the growth is happening or going to happen in the near future.
Biotec distributes a new generation of thermoplastic granules with the brand name offering various functional properties. These granules can be processed on extrusion lines for blown film, sheet films, shaped articles, profiles and injection molding to manufacture completely biodegradable products. BIOPLAST materials allow converters to manufacture products with completely new properties and to enter new markets.
SPHere Group along with 340 potato farmers have bought a 63,000 tons per annum starch factory, and the starch will be used to make Biotec's Bioplast biodegradable plastic, which SPHere will then convert into plastic bags and other products. SPHere in 2005 processed 130,000 tons of plastic, and the starch from this factory is almost enough to convert their entire production to bioplastic.
------I'll look into this in more depth seperately---------
Global Coal Management
This one has pulled back a little from the 20% increase it had seen since it first appeared on here as a recovery stock, but that's to be expected. You have to make a decision about how much you want from a share and if 20% is your mark up, then you've already sold it anyway. It is currently sitting at 16.4% up on my virtual portfolio. This is a share I have bought and am holding. Bought at £1.33.
Latest press release for this one is.....
Strategic Alliance for Exploration for Uranium in Africa extract from article below
Global Coal Management plc (“GCM”), (AIM: GCM) announces it has signed a legally binding Heads of Agreement to form an alliance with Aura Energy Ltd (ASX: AEE) to identify and acquire uranium projects in Africa. The alliance brings together the exploration skills of Aura and the project development and mining experience of GCM.
GCM has adopted a strategy of diversification from its coal project in Bangladesh and has specifically identified Africa as a mineral region with potential for further discovery and development as evidenced by its investment in GVM Metals Ltd (ASX: GVM).
Aura is a uranium exploration company based in Perth, Western Australia which was listed on the Australian Stock Exchange in May 2006. Aura has a portfolio of exploration titles which are being actively explored for calcrete and sandstone-hosted uranium deposits. Aura’s Managing Director, Dr Bob Beeson leads a team which has broad experience in uranium and base metal exploration in both Australia and overseas - including Africa and the Middle East.
-------------------------------------------
Whether we like it or not one of the greenest most efficient methods of electricity production is believe it or not - nuclear power, so Uranium is going to be in greater demand as more nuclear power stations come online in the coming years.
[As it happens, there is another Austrailian company which is developing a more cost efficient way of processing uranium - but thats another story for another blog.]
Like I have said before - if you are an ethical investor GCM is not the one for you.
Tanfield Group
Still doing well and currently up 18.6% since I first blogged them (what makes you think I should have invested in all these shares...........lol)
I've not had an update from guest blogger 'John' so a quick look at their website says that there is no news to report on it other than they are still awaiting the results of trials and that 12 April 2007 - Announcement Holding in CompanyIncreased holding of Deutsche Bank AG.
The Company was informed today that Deutsche Bank AG has an interest in 18,394,223 ordinary shares in the Company which represents approximately 6.30% of the issued share capital of the Company.
XploiTe Plc - formerly Fujin Technology
In all honesty I haven't really been keeping much of a watch on this one and when I looked today it is also up in price from my first blog on it...........so much for lack of liquidity eh Peter :o).
It's up 11.4% and director buying seems to figure here too.
RNS Number:6450U XploiTe PLC 11 April 2007
11 April 2007
Xploite plc
Director Shareholding
Xploite plc (the "Company") has been advised of the following purchases of shares in the Company by Alan Watkins, Non-Executive Chairman :
On 5 April, 2007 142,023 shares at 34 pence per ordinary shareOn 10 April, 2007 160,000 shares at 34 pence per ordinary share
Alan Watkins now holds an interest of 639,570 ordinary shares in the Company, representing some 1.65% of its issued ordinary share capital.
RNS Number:9295U XploiTe PLC 16 April 2007
16 April 2007
Xploite plc
Notifiable Interest in Shares
Xploite plc ("the Company") announces that it has received notification that as at 30 March 2007, Mr Peter James Drinkwater, held control over the exercise of voting rights attached to 1,119,605 ordinary shares of 10 pence each in the Company, representing approximately 2.8% of the issued share capital of the Company.
They also completed the purchase of a second IT storage company at the beginning of April.
Extract from full announcement.
4 April 2007
Xploite plc (formerly Fujin Technology plc)
£10.45 million acquisition of a second IT storage business
Xploite plc (“Xploite” or “the Group”), the operator and aggregator of strategic and high growth
IT services businesses, announces that it has completed the acquisition of Bristol-based Anix
Group Ltd (“Anix”), a value added reseller of storage hardware and software solutions, for a cashconsideration of £4.35 million. The Group will also repay £6.10 million of debt held by Anix. Thisis the second acquisition of an IT storage business by the Group this calendar year.
Anix was established in 1989 and until now has remained a privately owned company. It is a
major UK partner to storage and server solutions vendor, IBM, as well as a range of other
vendors in the sector. For the year ended 31 December 2006, Anix’s turnover was £35.5 million
and EBITDA was £1.6 million. The Company had £9 million of recurring revenue from
maintenance and services provided to customers and assets of £0.5 million.
More to come later on Caterpillar, Croma and Ramco Energy...............for now though......that's all folks!
