Forth Ports Share Discussion Threads

[oneforthedoctor] 12/6/2008 14:18

what's happened here?

[leeaadvfn] 12/6/2008 13:29

oops a wheel's come off (£18.75)

[newstarter] 09/6/2008 10:08

22.2% - here we go..............

[gateside] 29/4/2008 15:57

AGM AND INTERIM MANAGEMENT STATEMENT



Forth Ports PLC is today issuing its first Interim Management Statement ahead of
its Annual General Meeting to be held in Edinburgh today. At this meeting,
shareholders will deal with the proposed resolutions as outlined in the Notice
of Meeting issued to shareholders dated 17th March 2008. In addition, a summary
of the business and financial performance of the Group in 2007 will be provided,
along with an update on current trading, by means of the following Interim
Management Statement on the Group's performance for the first three months of
the current year.


The Group has made a strong start to the year, with trading for the first three
months well ahead of last year.


At Tilbury, revenues are ahead of the prior period. Demand for facilities
remains at a high level. In terms of new business, a new five year contract has
been signed with Stanton Grove for that company to handle their consolidated
paper traffic. Additionally, we have concluded several other new contracts with
existing and new customers.


In Scotland, liquid bulk tonnages are ahead of last year as are container
volumes at Grangemouth and coal volumes at Leith. A new three year contract with
Scottish Power has been signed for coal imports through Leith. At Dundee, we
have agreed another contract, underpinned by minimum throughput revenues, with
J.P. Simpson of Berwick which will involve the purchase of a second grain drier
for the port. Our project stack of potential new investment projects remains at
a level in excess of £50m.


We are working closely with INEOS to minimise disruption to our business as a
result of the industrial action which took place at the Grangemouth Refinery.
The Board currently believes that the two day stoppage should not have a
significant effect on trading.


In September 2007, the Outline Planning Application for Leith Docks was
submitted to City of Edinburgh Council ("CEC"). Good progress is being made with
CEC in considering the application.


We expect to submit a planning application for the Hub by the end of the third
quarter this year. Our joint venture with Applecross should submit its detailed
planning application to CEC during the course of this year.


Our financial position remains robust. Since 31st December 2007, net debt has
decreased reflecting the inflow of funds from the Asda property deal. A further
£50m revolving credit facility is now in place, increasing the banking
facilities to £300m.


Based on current levels of activity and interest, the Board looks forward to
further growth in 2008.

[gateside] 22/4/2008 17:42

New presentation added to website

[highland terrier] 08/4/2008 22:07

Should go Ex-Dividend tomorrow

[manrobert] 27/3/2008 09:20

yeah agreed.i have seen the area at Leith and it has hugh potential.Forth ports is the biggest supplier of building land to Edinburgh council.

[newstarter] 26/3/2008 21:00

only a matter of time............ 24 my target, maybe as high as 26

Seems the city now understand the business with profits down being due to lack of sale of property

[manrobert] 26/3/2008 08:44

these shares have made a strong recovery after touching 1896 after results.seems all quiet on the bid front.

[gateside] 10/3/2008 22:01

Final Results due later this month.

[a2584728] 10/3/2008 15:40

Its all gone a little quiet, whats happening, anyone have any news??

[newstarter] 11/2/2008 09:48

Yes, think so. I suspect it was a "friendly" offer to take them below the 20% voting threshold, so as to be seen in a less aggressive way – time will tell!!

[manrobert] 08/2/2008 09:21

badtime.its only a leap in the dark but i notice stake is now 19.9% and i wondered if they were negotiating to pick up a 10% holding to bring them up to the max 29.9%.maybe i am being optomistic.

[badtime] 05/2/2008 18:20

what was yesterdays rns about?

[manrobert] 04/2/2008 10:23

shares moving up nicely but no evidence of our potential bidder increasing stake.

[a2584728] 23/1/2008 21:10

I do hope that the directors consider the share holders!!!!!

We all know that there will be a bid but in these uncertain markets the MMs will take your stock all day long.

Sit tight and you shall be rewarded.

[badtime] 23/1/2008 19:58

gawd..lol..down jus a tad...still it was jus a nibble :)

[a2584728] 23/1/2008 09:57

I think you will be fine, MMs taking the opportunity of getting some stock in.

[badtime] 22/1/2008 19:30

Took a nibble at 2025