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FCO Fairplace

15.50
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Fairplace LSE:FCO London Ordinary Share GB0008480732 ORD 3P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 15.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 15.50 GBX

Fairplace Consulting (FCO) Latest News

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Fairplace Consulting (FCO) Discussions and Chat

Fairplace Consulting Forums and Chat

Date Time Title Posts
10/1/200817:33The Cobalt Thread / Formation Capital40
03/1/200821:49Fairplace starting to turn the corner?85
06/4/200621:05Formation Capital Corporation Limited TSE:FCO2
08/3/200213:36Fairplace/ Birchin's Secret??2

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Fairplace Consulting (FCO) Top Chat Posts

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Posted at 02/11/2007 07:17 by pictureframe
So with a market cap of just £1.1 million this is stupidily cheap !

They are now trading profit and would have made £260,000, but due to write down on one off Italian office closure made a loss.

This should have a MINIMUM market cap of around £4 million or x 3 the current share price, I expect heavy director buying to get the shareprice up as they are sitting ducks for a takeover at this price. Its a no brainer for a rival to snap this company up.

What excites me most is this :

The challenge ahead is to ensure we retain our share of the outplacement
market, increase talent management sales, and to manage our expenses. We have
enjoyed an excellent start to the new year and we are currently ahead of budget
in a quarter which has previously been unprofitable due to downturn of activity
associated with the summer months. We are confident that we can continue to
grow the business and improve profitability.
Posted at 19/9/2007 22:04 by topvest
Yes, I agree. A reverse would be done at more than the current price imo - maybe 15-20p. Then you may get a premium or discount depending on the quality of the deal.
Posted at 25/7/2007 15:06 by pictureframe
I am also looking to buy at 9p. Trying to find out when results are out because I want to be in before they are released. They will show a profit imho and this share should move up substanially
Posted at 22/2/2007 21:53 by topvest
Well this share is looking much more interesting now. Funny how things can turn so quickly!
Posted at 22/2/2007 08:30 by montyhedge
This could easily go to 25p short term, mm's I think have been caught out, underestimating these two guys intentions, I remember when this share was £1.32, only 9.8 million shares in issue, mm's are short.
Posted at 21/2/2007 21:30 by tonyx
Ooops...I think we all missed this!

Fairplace Correction: Director/PDMR Shareholding


The following is being reissued to facilitate third party vendors.
The original submission disclosed 16:19 today was incorrectly filed under the old
company name, Fairplace Consulting plc.
The original, unamended text follows:* * * * * * * * * * * * * * * * * *
Fairplace plc (the "Company" or "Fairplace")Directors Dealing

The board of the Company was informed that the following directors of the
Company, (or persons connected with them) bought shares in the Company, all at
a price of 13p:-

Director Date of purchase Number of Total number Percentage
shares of shares of issued
held share
subsequent capital
to the held
purchase

Marian Linda Jackson 21 February 2007 230,000 241,428 2.46

Michael David Moran 21 February 2007 154,000 382,571 3.90

Mark William Allsup 21 February 2007 58,000 550,149 5.61

Robert Newton 21 February 2007 22,500 50,000 0.51


The issued share capital of the Company is 9,800,174 ordinary shares.
EndContactLiam Murray, Nominated AdviserCity Financial Associates LimitedTel 020 7090 7800END
Posted at 07/1/2006 22:56 by energyi
SUBJECT: Cobalt-Shortages feared through 2007 Posted By: Trespasser
Post Time: 12/28/2005 15:27
« Previous Message Next Message »

Cobalt
Shortages feared through 2007 if demand surges
Purchasing December 28, 2005


World production of cobalt appears to be in balance with demand in 2005, which increased by 4,000 metric tons to meet suddenly improved orders from firms making aviation and aerospace engine parts. However, production setbacks in Zambia and Norway could result in severe cobalt shortages over the next two years even if demand from aerospace metals fabricators continues to expand just at its recent rate of growth.

Actually, buyers and analysts believe future demand for cobalt-bearing superalloys is going to skyrocket. That's because Airbus has received 687 purchase agreements through Nov. 30, 2005, while Boeing had 800 new orders. And those tallies didn't include announced orders by China for 70 planes from Boeing and 150 from Airbus because Beijing hadn't yet signed firm purchase contracts.

One issue is that Zambia's largest producer, Chambishi Metals, is delaying deliveries to customers for up to three months because of production difficulties at its Luanshya refinery. Falconbridge declared a force majeure on deliveries, also because of refinery problems. Since the supply problems were made public in December, buyers haven't encountered any problems with deliveries or quality issues. But prices responded to the threat of tighter supply with spot sales of 99.8% cathode charted by Purchasingdata.com increasing to $16.40/lb in mid-December from a November average of $13.40.

After hitting a nine-year high around $27 in the early months of 2004, high-grade cobalt prices have been in a steady decline because of increased supplies. So, from an annual average price of $24 in 2004, monthly prices moved from $19 to $14 and back to $16 in 2005-to an annual average of $16. Some analysts see rising future demand - triggered by hybrid motor vehicle needs - pushing the price back up to the $18 to $25 range from 2006 through 2008.

Another factor that could boost demand, tighten supply and bring prices back to the early 1996 peak area of $31/lb is the increasing use of cobalt-bearing superalloy Invar M93 in cargo containment systems for deep-sea liquefied natural gas carriers. There are a record 126 LNG carriers on order worldwide to be delivered in the next three years. Each new cargo containment system will use an average 550 metric tons of the cobalt alloy

@:
Posted at 26/1/2005 15:32 by schober
Formation Announces $8 Million Financing
Wednesday January 26, 7:01 am ET


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 26, 2005) - Formation Capital Corporation (Formation) (TSX:FCO - News; the "Company") is pleased to announce the engagement of Jennings Capital Inc. and Raymond James Ltd., (the "Agents") to complete a private placement, on a best efforts Agency basis, of up to 17,777,778 Units of the Company to qualified investors at a price of $0.45 per Unit (the "Offering"). The Offering is scheduled to close no later than February 28, 2005, or such other date as agreed to between the Company and the Agents (the "Closing Date"), for gross proceeds of $8,000,000. Each Unit is comprised of one common share and one half of one non-transferable common share purchase warrant, each whole common share purchase warrant entitling the holder to purchase one additional common share of the Company at a price of $0.75 per share for a period of two years from the Closing Date ................................

..........Proceeds from the private placement will be used on the Company's 100% owned Idaho Cobalt Project for the purposes of completing the permitting process, the bankable feasibility study and for general working capital.
Posted at 11/12/2004 08:48 by energyi
Cobalt prices are on their way up after a slump that began in August and hit bottom at $15- 16/lb in late November. Suppliers and consumer have agreed that $17/lb appears to be a price all parties can live with while a merchant suggested prices could climb as high as $25/lb, on strong demand in the superalloys sector, before settling lower again. The US Defense Logistics Agency, for its part, has yet to sell any cobalt in the current fiscal year, which began Oct 1, announcing Monday that it sold no cobalt in November.
Posted at 15/9/2004 11:17 by energyi
Cobalt price slide set to continue
By: Gareth Tredway ... '13-SEP-04

JOHANNESBURG (Mineweb.com) -- The price of cobalt, currently sitting at around $23 a pound, is set to move steadily lower over the next five years, according to an analyst's report from one of South Africa's big four banks.

"It seems likely that the price decline, which started at the beginning of 2004, will continue," says Hilton Ashton, a commodities consultant at Absa Corporate & Merchant Bank.

US government stock sales, recycling and new production will be the main drivers behind the price move, according to Ashton. "The rate of decline is unclear and will be dependant on demand fundamentals."

The US is the largest consumer of cobalt, with 45 percent of that metal being used to make super-alloys for aircraft gas turbine engines, according to the US Geological Survey.

Zambia remains the biggest producer, producing about 6,144 tons of refined cobalt in 2002, as a by-product at its copper mines.

In his report, Ashton says that social and political instability of some of the major copper producers can lead to supply disruptions. "Historically, cobalt has had the most volatile pricing of all trace metals," says Ashton. Over the last 20 years the cobalt price has averaged between $3/lb and $30/lb, while the spot price has gone as high as $50/lb.

GFMS Metals, the UK-based consultancy, was referenced in the report, forecasting a cobalt price average of $14.80 between 2001-2010. "The price will be forced lower by growing supply and slowing demand," says the report.

Adastra Minerals, is currently performing a feasibility study on its Kolwezi tailings project in the Democratic Republic of Congo (DRC). The mammoth 112 million ton deposit has a forecast annual production of 7,000 tons of cobalt over a period of 40 years. This would make the project, the biggest supplier of cobalt in the world, according to Adastra. But that is provided it gets of the ground.

In an interview with Mineweb last month, Bernie Pryor, the company's chief operating officer, said the initial financial models were made at very conservative cobalt prices. "We have done all our financial calculations on a base case of $7/lb cobalt."

According to Pryor the current price of cobalt will not hold. "It is at a very high peak at the moment, which is probably not sustainable in the long term," he said, "I think Kolwezi will actually help stabilise the price because you will have such a large source of supply." The feasibility study at Kolwezi is to be complete by the middle of next year, with production expected two years later.

Kim Shedd, a cobalt specialist at the US Geological Survey was quoted in Ashton's report on his view of the current cobalt market. Shedd says the price should remain tight for a few years, but says there will be a greater supply in the longer term. "If prices remain high, recovery of cobalt from a wider range of feed materials becomes economic, which adds to supply," says Shedd.

"In the meantime, demand will depend on world economic conditions and on the performance of specific industries, such as commercial airlines (super alloys) and portable electronics," says Shedd.

@:
Fairplace Consulting share price data is direct from the London Stock Exchange

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