Interbulk Investments Share Discussion Threads

[azalea] 11/10/2011 08:21

A good pre closing trading update "FY expected to be inline with market expectations" indicates that Arbuthnot's "strong buy" recc and FY 2011 forecast dated(10/10/11) of ptx £4.6m eps 0.9p, will be met.

[azalea] 29/9/2011 08:15

A well timed buy,which he will not be able to repeat at that price.

[kimball808] 28/9/2011 20:06

Director buys ahead of trading statement...

[jeff h] 27/9/2011 12:56

Trading update next week I think.

[rathkum] 27/9/2011 11:10

azalea try this link, it worked for me

[azalea] 27/9/2011 09:26

and the set of statistics are?

[rathkum] 27/9/2011 08:39

Very encouraging set of statistics

Financials, earnings estimates and forecasts for INTERBULK ...
Revenue, earnings, ratios and forcasts for INTERBULK GROUP share | INB | GB00B0X91T99.

www.4-traders.com/INTERBULK-GROUP.../financials/

[azalea] 16/9/2011 13:37

In June this year, Sinotrans(HK)logistics Ltd(a wholly owned subsidiary of a leading logistics services provider in China)bought the whole 165m(35%)of INB placing at 11p. With the Interims posting T/O of £146.15m(£126.25m),Ptx £1.92m(£0.56m), Eps 0.42p(0.1p), today's dip presents a buying opportunity. DYOR.

[azalea] 01/9/2011 13:47

Should have got in sooner, but happy at 7.5p.

[kimball808] 25/8/2011 07:07

US$1m pa over 5 years. Sweet...

[rathkum] 23/8/2011 12:43

To a lesser extend I guess. They pass on any increase in oil prices on to the customers anyway.

[kimball808] 23/8/2011 12:10

Would the current price of oil benefit INB???

[kimball808] 12/8/2011 14:54

Initial purchase, showing as a sell though...

[kimball808] 19/7/2011 14:03

This has a pig of a spread 9.4% but looks so undervalued...watching with interest...

[rathkum] 23/6/2011 00:02

FT article

China's wonder for Aim seals global win

By David Blackwell

Published: June 22 2011 23:19 | Last updated: June 22 2011 23:19



This is globalisation in action, albeit on a minor scale.
Sinotrans bulks up

It is not unusual for a board "to believe that the current share price substantially undervalues the group", as was stated in InterBulk's interim results announcement last year. It is unusual for the board to add that "this view is reinforced by advice taken from professional advisers". But it is as rare as rocking horse manure to see a Chinese customer charge to the rescue by paying a premium of 184 per cent for a large stake.

That is the astonishing deal concluded by InterBulk, the logistics company that arrived on Aim as a cash shell in 2004. It was built through three acquisitions in 2006 and 2007, when it raised more than £40m at 20p a share, but also took on a large amount of debt.

By the middle of last month its shares were down to 3.875p, giving it a market capitalisation of about £12m. Net debt then stood at more than £100m, with the most expensive tranche carrying a bank interest margin of Libor plus 12 per cent.

The company specialises in transporting minerals and hazardous chemicals through its fleet of 20,000 specialist containers. It has built a relationship with Sinotrans, the leading logistics provider in China, quoted in Hong Kong, but also effectively 58 per cent owned by the Chinese government. It has been transporting Chinese exports through its international network, but sees better growth in China's domestic market.

Sinotrans has paid 11p a share to take a 35 per cent stake in InterBulk, injecting £18m into the company. The funds have been used to pay down some of the most expensive debt, which will reduce annualised interest payments by about £2.8m.

Before the deal was completed last week, InterBulk reported a jump in pre-tax profits from £662,000 to £2.1m for the six months to March 31, on the back of a 16 per cent increase in revenues to £146.2m.

Bringing Sinotrans on board has not only enabled the company to escape from its unfashionably high leverage, but also given it an enhanced ability to push for growth in China. Sinotrans will benefit from the company's 30 years of experience in transporting hazardous chemicals.

It is a transformational deal that will provide Aim investors with yet another route into the Chinese economy.

Copyright The Financial Times Limited 2011. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web.

[azalea] 18/6/2011 11:16

andylaws - post 194
Could you please give a breakdown of the 58.22% major holders/holdings, prior to Sinotrans 35% stake.

[tomoslewis] 14/6/2011 08:35

This gives a prospective pe of 5.5 based on the benefits of the interest reduction alone, excluding the impact of the expected revenue growth and imprived margins from the recoery of fuel cost increases, after dilution by the placing. Small improvements to margins, due to INB's gearing, will have a significant impact on net earnings. The story's looking promising IMO

[rathkum] 13/6/2011 19:58

Fingers crossed

[tomoslewis] 13/6/2011 19:12

Quiet here in advance of tomorrow's interims. I am expecting positive results that in themselves will justify the 11p pricing of the placing. Time will tell.