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Real-Time news about Ashcourt Rowan (London Stock Exchange): 0 recent articles
|balcony: Results due anytime now,share price keeps rising new year high again today.|
|unionhall: Yes but share price is 2.6p vs 80p.
I see it as equally undervalued after a bad blip now past.|
|unionhall: And net asset per share with no intangibles and including pension deficit greater than the share price.
Share price should be about double (for starters).|
|guru11: Thought there would be more comment here share price of 65p eps half year of 8.6, that is a pe - if the second half is the same - of less than 4.
|wirralowl: Now up 2 days on trot, when market is collapsing all around us. Never been able to understand share price movements for arp. Good timing if you added, balcony.|
|wirralowl: Results :
AMCO Corporation PLC
6 March 2002
PRELIMINARY ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED
31 DECEMBER 2001
AMCO CORPORATION PLC ("AMCO" OR "THE GROUP")
In 2001 the Amco Group continued to focus upon three main activities in
structural engineering, property development and contracting in the rail,
construction and mining industries. Through rationalisation and diversification
with further partnering arrangements and the development of new products, our
tunnelling and allied equipment manufacturing operations, which previously had
been seen as marginal activities, have been substantially improved and now form
an important part of the Group's future.
Our overseas activities have been substantially reduced with the pending closure
of the Konkola copper mine in Zambia. Remaining activities will be in onshore
diamond drilling for minerals - we have recently commenced a two year drilling
contract at the Siguiri Mine in Guinea for Ashanti Goldfields - and in mining
contracting, where we remain preferred bidder for the fifteen year contract for
the operation of the Sulcis Coal Mine in Sardinia. We expect the future of that
mine to be decided sometime in 2002.
Turnover on continuing activities increased by 14% from £81 million in 2000 to
£92 million in 2001.
Operating profits increased substantially to £2.7 million in 2001. Profits
before tax were £2.4 million in 2001 compared with a loss before tax of £0.6
million in 2000. No exceptional provisions for industrial disease were required
in 2001 compared with £1.17 million in 2000.
Earnings per share were 16.4 pence as compared with negative earnings per share
of 0.9 pence in 2000.
Net debt at 31 December 2001 represented 12.3% of net assets (capital and
reserves). This compares with 33.5% at 31 December 2000.
Net assets at 31 December 2001 were £1.34 per share compared with a mid-market
share price of 70.5 pence as at the close of business on 5 March 2002.|
Ashcourt share price data is direct from the London Stock Exchange