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GLBM Global SP Regs

8.75
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Global SP Regs LSE:GLBM London Ordinary Share COM STK USD0.0001 (REG S)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 8.75 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 8.75 USD

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Date Time Title Posts
18/6/200818:30Globe Specialty Metals Products7

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Posted at 18/6/2008 18:30 by mh100
Am trying to get a handle on this company as the graph looks on the steady up and the newsflow appears strong.

However, quite a challenge to work out any financial data. To anyone who might know (if anybody is looking at this BB) what is the share price? 30p, 30cents or $30 - I have seen every combination of these on various sites. Thus what is the market cap (again widely varying quotes on different sites)? I can see that the EPS for 2007 was $0.24 (from companies own accounts)but this doesn't help unless the currency of the share price is known.

The company seems to keep detail to a minimum in their results. Some of this confusion may be due to the rapid pace of aquisition by the co. leaving financial sites behind.

As well as the Qs above anywhere I can go for more info (I have read the procativeinvestor piece).

Thanks in advance.
Posted at 25/3/2008 15:50 by andy
New in depth article here;
Posted at 15/9/2007 23:41 by rambutan2
missed the boat on the warrants (ie price effectively capped at $3.50), but out of interest...

Notes to the accounts for the periods ended December 31, 2005 and 2004
NOTE 4 - Initial Public Offering

On October 3, 2005, the Company sold 33,500,000 units ('Units') in the Offering
at a price of $6.00 per Unit, generating gross offering proceeds of
$201,000,000. Each Unit consisted of one share of the Company's common stock,
par value $.0001 per share (the 'Common Stock'), and two redeemable common stock purchase warrants ('Warrants'). Each Warrant entitles the holder to purchase from the Company one share of Common Stock at an exercise price of $5.00 per share commencing on the later of the completion of a Business Combination with a target business or October 3, 2006. The Warrants expire on October 3, 2009.

The Warrants are redeemable at a price of $.01 per Warrant upon 30 days' notice
after the Warrants become exercisable, only in the event that the last sale
price of the Common Stock is at least $8.50 per share for any 20 trading days
within a 30 trading day period ending on the third day prior to the date on
which notice of redemption is given and the weekly trading volume of the
Company's Common Stock has been at least 800,000 shares for each of the two
calendar weeks before the Company sends the notice of redemption.

In connection with the Offering, the Company issued, for $100, an option to the
representative of the underwriters to purchase 1,675,000 Units at an exercise
price of $7.50 per Unit. The warrants underlying such Units are exercisable at
$5.00 per share.


GLBW quote:
Posted at 15/7/2007 13:48 by wassapper
Globe Specialty Metals Inc. (London Stock Exchange AIM: GLBM), is among the world's largest producers of silicon metal and silicon-based specialty alloys, critical ingredients in a host of industrial and consumer products with growing markets.

Our customers include major silicone chemical, aluminum and steel manufacturers, auto companies and their suppliers, ductile iron foundries, manufacturers of photovoltaic solar cells and computer chips, and concrete producers.

We have major manufacturing facilities in the U.S. states of Ohio, West Virginia, Alabama and New York, as well as in the Brazilian state of Pará and Mendoza province Argentina. Our headquarters are in New York City.

Our principal operating subsidiaries are Globe Metallurgical Inc., U.S., Globe Metais Indústria e Comércio S.A., Brazil (formerly CCM) and Globe Metales S.A., Argentina (formerly Stein Ferroaleaciones).

SILICON METAL

Our silicon metal is used by the chemical industry in the production of silicone compounds and by aluminum manufacturers to improve the useful properties of aluminum, as well as in the manufacture of polysilicon used in photovoltaic solar cells and electronic semiconductors. According to the metals industry research firm, CRU International, our US and Brazilian plants are among the most efficient producers of silicon metal in the world.

Silicone compounds are the main raw material for a large and growing number of industrial and consumer products, including silicone rubber parts, urethane foam, sealants, adhesives, lubricants, food additives, coatings, polishes and cosmetics. Silicones are substitutes in many applications for petroleum-based compounds and the demand for silicones benefits from higher oil prices.

Demand for aluminum has grown steadily in recent years, reflecting increased economic activity in both the developed and developing world, as well as new uses as a lighter, more economical replacement for other materials. Silicon metal consumption by aluminum manufacturers has grown accordingly.

The fastest growing market for silicon metal is for use in the production of ultra-high-purity "solar grade" polysilicon, the basic material from which photovoltaic solar cells are manufactured. The Norwegian Institute of Technology's SINTEF research group projects continued rapid growth in this market, with solar cell usage exceeding current silicon usage for all other applications by 2020. We are well positioned to participate in this market, having already entered into supply agreements with solar-grade polysilicon manufacturers.

==============================================

They produce a number of other related products. Q1 2007 EBITDA was estimated at US$11.4m based upon a full quarter's earnings from new subsidiary CCM.

Approx 56,673,584 shares outstanding plus 19,617,857 warrants (exercisable at $5 I believe)

eps for 2007 based upon above 80.46 cents per share undiluted
PER for 2007 of around 8

This is a growth company (cash rich) operating in a growth sector.
Global SP Regs share price data is direct from the London Stock Exchange

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