Share Name Share Symbol Market Type Share ISIN Share Description
Cosalt Plc LSE:CSLT London Ordinary Share GB0002265055 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.825p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 112.0 -29.4 -6.4 - 3.34

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Date Time Title Posts
07/9/201506:55Cosalt in 2010 : Recovery potential in oil and marine3,076.00
19/1/201317:26COSALT - any views ?290.00
20/3/201211:50test cslt33.00
25/2/201214:49Cosalt (the new revolution)-
28/12/201110:34Cosalt - recovery in 2009 ?468.00

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DateSubject
02/2/2013
19:36
isalolly: http://www.cnbc.com/id/100415007/Nat_Rothschild_Hits_Out_at_Bumi_CEO_and_Board Nat Rothschild, Co-founder of Bumi stepped up the bitter battle for control of the Indonesia-focused miner, attacking both the board for its inaction and CEO Nick von Schirnding for "embellishing his CV." "He is not at all qualified to be the CEO of a global mining company, not just because he tried to make himself more well-qualified by embellishing his CV last week. It's staggering that there are board members who for two years have been so vociferous in their objections to me, against me raising the subject of bad corporate governance at the company. This is the collective responsibility of the board and I seem to be the lone voice in trying to deal with the serious issues at hand," Rothschild told CNBC. Rebutting the accusations, Nick von Schirndling placed the blame for the company's woes firmly at Rothschild's door. He insisted he had plenty of experience in mining, adding he had "no idea" why Rothschild accused him of embellishing his CV. Von Schirndling told CNBC there was no personal acrimony between himself and Rothschild. "I've had 25 years of financial and operating experience. This company is in a total mess and that mess was created when Nat Rothschild bought the structure to the London market. He gave control of the Plc to the Bakries and that was a flaw. We are trying to sort this out and removing the Bakries," von Schirnding told CNBC. The split between the two shareholders, Nat Rothschild and the Bakrie family, have grown increasingly acrimonious after a series of high-profile disagreements at the London-listed miner since their union in 2010. Bumi's share price has suffered from the ensuing fallout, plunging 25 percent in 2012 on news that there were "financial irregularities" at PT Bumi Resources, in which Bumi owns a 29 percent stake. The company announced earlier this month that it lost $632 million in the nine-months to September 2012 on the back of substantial derivatives losses. Operating profit slumped 60 percent for the period to $312 million. Rothschild's latest plan to revive the company includes a revamp of the board of directors and the removal of 12 out of 14 directors. Rothschild also attacked the appointment of Eko Budianto as chief executive at Berau Coal, a company that is majority-owned by Bumi. Rothschild claimed Budianto was "unfit and had a chequered reputation" adding he "had no mining experience whatsoever." "You have to contrast Budianto with others...he has no operational mining experience whatsoever, he has worked with the Bakrie concert party for three years and his ties with the family go back ten years," Rothschild said. A "concert party" refers to a group of shareholders that buys shares with the aim of influencing or taking control of a company. Bumi said it will hold an extraordinary general meeting on February 21 to vote on Rothschild's proposals with the unanimous recommendation that all proposals are opposed. Bumi's London-listed shares traded down 3.3 percent on Tuesday morning.
05/10/2012
12:06
mr_chaps: Am I being dim as to why this announcement doesn't flicker the share price, presumably there is some grey market or something? No news still on the accounts I guess?
09/5/2012
15:07
srpactive: In my honest opinion this is what could have been the hold up. Come on Mr Ross get this share price moving, you know you have the power to do so. regards active ---------------------------------------------------------- UPDATE:UK Government Confirms Long-Awaited Power Market Reform Plans Share this article Print Alert The U.K. government Wednesday confirmed that long-awaited legislation to reform the electricity market to encourage the billions of pounds investment needed into low-carbon energy such as wind farms and nuclear plants would go to lawmakers within the next 12 months. The legislative plans, which were announced by the Queen in the state opening of Parliament, represent the biggest shakeup of the U.K.'s electricity market since privatization in the 1990s made it one of the most liberalized energy markets in the world. "My government will propose reform of the electricity market to deliver secure, clean and affordable electricity and ensure prices are fair," the Queen told parliament. The Energy Bill will include incentives for low-carbon power generation as well as a mechanism to support the gas plants needed as back up when intermittent renewables such as wind aren't generating. It will also introduce an emissions cap for power plants to ensure that new coal-fired power plants aren't built without carbon capture and storage technology. The news will be a relief to investors in renewables, including utilities and wind developers, that have been seeking assurance the bill was on track following reports last week that it could be delayed. But there is still a lot of work to be done pinning down the details before many companies can take their final investment decisions on the costly projects that will play a significant role in the U.K.'s low-carbon generation beyond 2017, said Gordon Edge, director of policy at U.K. trade association RenewableUK. "2017 is only a short time away in terms of investment decisions, so we hope that the next update, expected later this month, will provide more detail around how the system will work in practice to ensure delivery, Edge said. The Energy Bill is a cornerstone of government plans to stimulate around GBP200 billion investment into the U.K.'s low-carbon energy infrastructure over the next decade to shore up energy security as around a quarter of the country's aging generating capacity is closed down. The government needs to ramp up low-carbon power from offshore wind farms, nuclear power stations and gas and coal plants fitted with CCS equipment to meet binding European Union climate change targets. But such technologies aren't fully mature and the costs are significantly higher than traditional power plants. Time is running short and any delays to investment could mean a shortfall in electricity supplies and potentially lead to power cuts. A spokeswoman from the U.K.'s Department of Energy and Climate Changes said it would shortly publish a draft bill for pre-legislative scrutiny to enable the swift passage of the legislation during this parliamentary session. "This legislation would reach the statute book by 2013 so that the first low-carbon projects can be supported under its provisions in 2014," the spokeswoman said. In her speech, the Queen also confirmed the government will introduce legislation to establish a Green Investment Bank to help fund a range of smaller green technologies as well as innovations in the supply chain for bigger renewables such as offshore wind. -By Selina Williams, Dow Jones Newswires; +44 207 842 9262; selina.williams@dowjones.com Bookmark With : Facebook
09/2/2012
12:18
srpactive: aspers If what you are saying is the case, wouldn't it more benefical to keep it listed and get the company profitable which would lead to a valuation alot higher, than it was taken private, also alot easier to realise a stake listed than private. I am still continuing to buy when I can, did not yesterday but may today, the share price hit 2.2p yesterday and retraced, today the share price has gone to 0.875p and bounced immediately, maybe this is the range until the uncertain becomes more certain. Just my thoughts. And a message to Mr. Ross you have brought your breakeven within touchng distance, if it was your intention just to get your money back, just do that and sell to siemens or another, if it is to get the company profitable and makes money do that also and stay listed. One point you must remember is the shareholders have not played any part in reducing your investment to where the company has taken it. If delisted the only people not anyway shape or form responsible for the companies position will be punished, the shareholder ( except obviously yourself ), the employees will keep their jobs which is good but they would anyway based on all the work in the Grimsby and North sea areas, just think for a minute why the shareholders should be punished for no reason. We all live together and mix together and it is always better to make friends rather than the others. I know you or your colleagues will be reading this. Lets all work together, employees, shareholders and management to improve Cosalt for everyone. dyor regards active
08/2/2012
16:18
jeffian: 08 February 2012 Cosalt plc (the "Company" or the "Group") Statement re: Share price movement The Directors of the Company note the recent movement in the Company's share price and are not aware of any reason for the change. The Directors continue to manage the business in-line with their strategy and the Group continues to require and to have the support of its major shareholder
21/1/2012
09:12
ravenna23: Borrowed from LUP on another board Obviously, some 'strategies' are playing out by current Cosalt Chairman and his fellows. I think the Cosalt board is not the first nor the last actors of this type of plays. This reminds me of B Madoff. Where are B Madoff and his son now? I believe justice will be done one way or another. Read from wiki, Takeover Strategies 'Takeovers may benefit from principal-agent problems associated with top executive compensation. For example, it is fairly easy for a top executive to reduce the price of his/her company's stock - due to information asymmetry. The executive can accelerate accounting of expected expenses, delay accounting of expected revenue, engage in off balance sheet transactions to make the company's profitability appear temporarily poorer, or simply promote and report severely conservative (e.g. pessimistic) estimates of future earnings. Such seemingly adverse earnings news will be likely to (at least temporarily) reduce share price. (This is again due to information asymmetries since it is more common for top executives to do everything they can to window dress their company's earnings forecasts). There are typically very few legal risks to being 'too conservative' in one's accounting and earnings estimates. When the company gets bought out (or taken private) - at a dramatically lower price - the takeover artist gains a windfall from the former top executive's actions to surreptitiously reduce share price. This can represent tens of billions of dollars (questionably) transferred from previous shareholders to the takeover artist. The former top executive is then rewarded with a golden handshake for presiding over the fire sale that can sometimes be in the hundreds of millions of dollars for one or two years of work. '
17/1/2012
20:34
srpactive: Ravenna I also noticed on the lse intraday chart after the close the cslt share price around 16.40 spiked to 1.25p before dropping near the closing price, take a look. dyor regards active
16/12/2011
15:49
srpactive: One point we must all remember, the only reason why the share price is hovering above 0.1p is due to Mr Ross, mentioning that price when he made an approach. The share price was nearly 500% higher at nearly 1p when he did. If he was thinking of all involved the board should have just stated we have received an approach from Mr Ross which may or may not lead to an approach etc etc. As Mike Ashley has recently done with Blacks. Or as Mr Morton has done with Armour grp amr and supported the cashflow with a loan at a good interest rate to him. That is what Mr Ross could do now, now that he has a very large stake he could refinance cslt and be the one who will prosper the most. In which case all will benefit, the company, workforce and the shareholders. dyor regards active
22/11/2011
13:38
srpactive: A decent yardstick of a shares performance over the yr is what happens to the share price of a company over the first four trading days of the year. Generally if the share price moves up in the first four days the share price closes higher at the yr end. Cosalt moved higher the first four days and we started the approx 3.25p, so lets hope aspers is correct with his 4p prediction. dyor regards active
19/11/2011
20:49
srpactive: They might start a bidding war, but if it raises the share price and it does not satisfy him or us shareholders we do not have to accept it. By driving the price down millions of shares can be bought by the insti's like henderson to clear any overhang. Then get the share price to 3-4p and then call a rights issue to raise the sufficient funds to support the improving businesses. I have been buying for a while on the dips, even friday, lets hope it comes off for us all. Nice posting to you. Keep taking the vitamins old timer. dyor regards active
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