|Libra Natural Resources
||EPS - Basic
||Market Cap (m)
Real-Time news about Libra Natural (London Stock Exchange): 0 recent articles
if you bought at 10p then i presume you have been a holder for about 6 months.
LNR is no different from the vast majority of small caps/micro caps whose shares have plummeted during this period of time.
this is market sentiment, not performance a lot of these cos. are trading at low single digit p/e's.
a lot on here criticise Greensmith but as Bubface said, the guy invests a lot of his own money - his holding in LNR is in the region of 11 mill shares and his last buys were at 12.75p..
its easy to use him as a scapegoat but i own more shares than the other Directors and quite honestly, even in the current climate, if they showed the same commitment as him, that might be reflected in an improved share price.
yes they have made a lot of mistakes in the past but i for one believe that the total focus on wood pellet production and growth is exactly right in todays environment and climate and i am gonna give them a chance to see if this proves to be the case.|
|irishelf: wirral, Good posts I agree with your sentiment I have been in LNR since I paid 15.7p for my shares, this company has been appalling in several ways obviously the share price and the news management from the directors is atrocious.
Oh I have seen the major7 on other BB I think your assessment is probably spot on.
I am not sure if I should dump the LNR shares I have and salvage what little is left.|
|barryrog: i have an awful lot of these shares (by my standards) and i'll be happy to add more as and when i am convinced that good progress is supported by regular newsflow.
its a fact of life that when investing in microcaps, the nature of the beast dictates that long periods of silence will generate pi selling whatever the long term prospects may be.
with hindsight, selling at 10p and buying back 25% more shares for the same money at these levels would have been the right thing to do.
now many of you will say - yea but life's not like that and hindsight is a wonderful thing etc.etc. but good news producing a rise in the share price needs to be subject to regular updates otherwise the price spikes will be followed by drip drip sells leading to share price falls and punters will see that.
without regular newsflow, whats been happening to the share price for the last 6 months from a charting point of view will become the norm and thats how the shares will be traded.
this trend will only be broken by a positive RNS thats followed by regular updates.|
|barryrog: following on from my previous post, mgt really do now have to prove their worth.
who's best interest is served by turning down offers, shareholders or mgt?
i'm happy if mgt come out and say that offers grossly undervalued the co. considering its growth plans but shareholder value is measured by the share price not platitudes and investors will not feel their interests are being served properly unless there is considerable upward movement in the share price that endorses the undervalued prognosis.
if the Board does feel that offers were far too low, then by definition the current share price is far to low so now's the time to publicly demonstate exactly that by buying shares .
in June last year they placed 35 mill shares with Institutions @ 10p per share so why wouldn't the directors be snapping them up now for 8.5p?
with results due in March they could be in a closed period after the end of January.|
|biggerbil: For those who've not seen the trading update:
Libra Natural Resources plc
('LNR' or 'the Company')
De-merge of Prometheus
Wood pellet operational update
Review of advisers
Libra Natural Resources plc ('LNR' or 'the Company'), the international
renewable wood-to-energy company, is pleased to make a series of announcements
today, which further emphasises the strength of its core wood-pellet operations,
and underlines the commitment of the Board to create an independent, global
leader in this exciting sector of the renewable energy market.
Peter Greensmith, Chief Executive Officer of LNR, will be hosting an investor
conference call on Tuesday 18 December from 12.00pm to 12.30pm, to discuss the
update given today, and to take questions. If you wish to join the conference
call, please dial +44 (0)207 070 5500 at midday and ask for the Libra Natural
Appointment of a new Chief Executive Officer, Chief Operating Officer and
Non-Executive Chairman, with focused international energy and forestry
Reaffirmation of the Board's intention to pursue a path of independence,
as a public company, following the termination of discussions concerning the
sale of LNR's principal operating asset;
De-merger of the Company's 11.55% stake in Prometheus Energy Inc. This
de-merger is the first of a series of non-core asset sales and spin-offs,
which is intended to be completed by February 2008;
Pre-Closed Period operational update;
Over 1.5 million tonnes of new and existing production facilities under
exclusive option, development and/or due diligence; and
Review of the Company's professional advisory and support services.
It is your Board's firm intention to position LNR as the world's number one
producer of wood pellets within the next 24 months. Such an aggressive expansion
plan, which will involve at least a quadrupling of the size of the Company's
activities, requires the development of a Board and Executive Management with
enhanced energy, project management and forestry experience and expertise.
As the first step in this process, LNR is pleased to announce the promotion of
Glenn Smith to the position of Chief Executive Officer, and the intended
appointment of John Stirling to the Board, as Chief Operating Officer and
Finance Director. Glenn, currently LNR's Chief Investment Officer, and John,
currently Head of LNR's wood pellet division, will be able to deploy over 50
years of international power and project management expertise to the task of
leading the Company forward in the next stage of its development. In addition to
these appointments, LNR is delighted to announce that Mark Campanale is to
assume immediately the position of non-executive Chairman (previously he held
the position of non-executive Director.) Mark, an internationally-recognised
environmentalist and expert in forestry, will be at the fore-front of a major
effort by LNR to improve its external communications and investor-relations.
Peter Greensmith will become a non-executive Director of the Company. Your Board
would like to place on record its sincere appreciation for all of Peter's
efforts in successfully leading the Company since its IPO in March 2005. During
this period, the Company's share price has more than trebled, with a series of
value-creative investments in the waste-to-energy market, and your Board is
delighted that LNR will still be able to call upon Peter's financial and
cleantech expertise, as a non-executive Director
Commenting on today's statement, current Chief Executive Officer, Peter
Greensmith said: 'These actions represent another significant step in the
evolution of LNR into a major force in the international renewable energy
sector. Whilst I am delighted that I have the opportunity to continue to offer
my broad clean energy investment and financial skills to the Company, from the
position of non-executive Director, I am even more pleased that Glenn Smith,
John Stirling and Mark Campanale, have all accepted my invitation to 'take over
the executive reins'. The new LNR can look forward to 2008 and beyond, with
confidence and excitement.'
Following the publication of LNR's Interim Results on September 28th 2007, the
Company has been the subject of a number of unsolicited approaches from both
strategic and financial parties, with a view to a partial or total sale of the
Company's wood pellet operations. Whilst your Board, in recognition of its
primary role to protect, develop and maximize shareholder value, entered into
detailed conversations with two of these parties, the decision has now been
taken to terminate all such discussions. This decision reflects your Board's
view that it needed to end this period of uncertainty and ,in particular, that
much greater shareholder value can be delivered by pursuing the Company's growth
strategy as an independent, public entity.
With the publication of LNR's Interim Results on 28 September 2007, your Company
stated that it intended to accelerate the re-focusing of its operations on to
the wood pellet sector. Whilst the Board's anticipated timetable for this
re-focusing has been impacted by the receipt of the unsolicited approaches
outlined above, LNR is today pleased to announce that it has reached agreement
with the AiM-listed renewable energy company, Ethanol Investments plc ('EI'),
for the sale of LNR's 11.55% stake in Prometheus Energy. The sale of this stake,
which is subject to EI shareholder approval, values LNR's stake at £3.4 million.
As consideration, LNR will receive new EI plc shares, giving the Company a stake
of approximately 21% in Evergreen Securities plc, the new name for EI following
its scheduled re-listing on AIM next month. It is the intention of LNR to
reduce this holding over time, as EI expands its operations and dependent upon
LNR's ongoing financing requirements.
Discussions are also at an advanced stage for the disposal of LNR's other
non-wood pellet assets, and your Board is confident that this re-focusing
process will be complete by the end of February 2008, in line with the timetable
outlined in LNR's Interim statement.
Wood Pellet Operational Update
LNR's wood pellet operations continue to trade in line with management
expectations, outlined in the Company's Interim Results statement. Total
production tonnage at our British Columbian facilities are expected to be well
ahead of last year which will have a significant impact on revenues and gross
The upgrade projects for the Canadian operations have progressed well. The
bagging equipment at Westbank has been in successful operation since September
allowing further access to higher margin markets. The production capacity
expansion at Princeton Co-Generation Corporation and finished inventory storage
are complete and the additional drying capacity will be commissioned in early
In October, LNR successfully acquired a profitable wood-chip production facility
in Louisa County, Virginia, USA which has been focused on operational
improvements in the chipping plant and completion of the engineering design for
the planned pellet mill addition. Certain key equipment for the pellet mill
has been ordered, and are currently being manufactured for delivery in Q1 2008.
In line with the Company's new strategic direction, outlined earlier this year,
which described a significant increase in size, scale, and range of investments
in our wood pellet business, LNR is pleased to confirm several significant
Exclusive MOU signed to develop additional pellet capacity in Canada
Acquisition of certain development rights over a large-scale pellet facility in the Eastern USA;
Entering into due diligence on the acquisition of a major North American wood pellet facility;
Signing of an exclusive MOU, covering the proposed development of a series of wood pellet plants in
Advanced joint-venture discussions relating to existing and proposed pelletising facilities in China.
Whilst no guarantee can be given over the outcome of any of these negotiations
or processes, with nearly 2 million tonnes per annum of new or existing
production under current review, the Board believes that LNR is well positioned
to deliver on its objective of being the world's leading producer of wood
pellets within the next 24 months.
Financial Adviser review
As part of LNR's renewed commitment to adopt a more active and responsive
investor relations structure during this time of strategic change and
international growth, the Board has asked LNR's in-coming Chairman, Mark
Campanale, in conjunction with the Company's Nominated Adviser, Landsbanki, to
undertake a formal review of the Company's financial advisory team. Following
the review, Mark has been asked to report back to the Board within 45 days. Any
changes resultant from this review will be announced and implemented by the end
of Q1 2008.
- Ends -|
|asparks: another good green share op:
Tersus Energy Stat re Share price movement
Tersus Energy Plc
08 November 2007
TERSUS ENERGY PLC
Statement re: Share price movement
On 28 September 2007 the Company announced its interim results for the six
months to 30 June 2007. As part of that announcement, the Company stated that
it would require additional finance in the short term and that its Directors
continued to explore a number of avenues to access additional capital.
The Company notes the recent movement in its share price and confirms that it is
in talks with a third party which may or may not lead to an offer being made
for all or part of the Company.
A further announcement will be made in due course as appropriate.|
|john henry: Not so sure TT there was very little buying up to the results. 8.75p on the bid. share price at key long and short support levels.Suprised not to have seen any positive reports emerge.Imho management have short themselves in the foot so far as reporting investments.Company is doing very well but if you look at the press reports company has slipped from a profit to a loss.
Barry very little support for the price at present.Long term good value but how long have PI been saying that, share price was at these levels over 2 years ago. Upto now the market has been pretty unimpressed with LNR. Share price tells you all you need to know.|
|m4lcolm: Buy Libra Natural Resources: 2008/2009 forecasts correction - revised target price 26p from 32p
19.63 million pounds
12 month range
8.13p - 14.75p
020 7908 2875
Our flash note on Libra Natural Resources last Friday (22nd June 2007) contained small a number of errors in the 2008 and 2009 forecasts, which we rectify in this report. The investment case for Libra remains strong, as the growth prospects for its wood pellet operations and investment portfolio into waste-to-energy assets gain momentum.
Since Friday, Libra's share price has moved up from 11p to 12.125p. The company's market capitalisation stands at £19.63, which values the stock on a 2006 Price Earnings multiple of 10.5, still below the renewable energy sector's average of 15-20. Our revised forecast figures for 2007, project a Profit before tax of £3.90 million, a retained net profit of £2.65 million, and an earnings per share of 1.64p. The growth in forecast earnings is based on Libra's wood pellet operations and its growing investment portfolio. This would still leave the shares on a current year price earnings multiple of 7.4 which hardly discounts the growth story and potential for this fast developing company.
Our revised 2008 forecasts project a profit before tax of £4.45 million, a retained profit of £2.82 million and earnings per share figure of 1.74p. We believe that a current year price earnings ratio of 15 is not demanding for this sector and given Libra's growth prospects. That implies a 12 month target price of 26p which is 6p lower than in our note of last Friday but still implies upside of 104% from the current share price and hence at 12.125p our stance remains buy.
Libra Natural Resources Ltd
Table 1 (revised)
Profit & Loss (year end 31 December)
Cost of sales
Net administrative expenses
Depreciation and Amortization
Attributable net profit
Basic No. shares in issue
Diluted No. shares in issue
Basic EPS (on attributable net profit)
Diluted EPS (on attributable net profit)
PE multiple (on basic EPS)
Source: Libra Natural Resources Ltd GECR estimates
Key Forecasts (Table 2)
Libra Natural Resources (revised)
EBITDA margin (%)
EBIT margin (%)
Profit before tax (£m)
Reported Net Profit (£m)
EPS (p) (on post tax earnings)
EPS Growth (%)
Source: Libra Natural Resources Ltd GECR estimates
as at 28 June 2007
Market Cap (£m)
no of shares currently in issue (m)
Year to 31 December
(Million of pounds)
(Million of pounds)
Earnings per share (pence)
This Research Note Cannot be Regarded as Impartial as GE&CR has been commissioned to produce it by Libra Natural Resources.
The information in this document has been obtained from sources believed to be reliable, but cannot be guaranteed. Growth Equities & Company Research is owned by t1ps.com Ltd which is commissioned by companies to produce research material under the Growth Equities & Company label. However the estimates and content of the reports are, in all cases, those of t1ps.com Ltd not of the companies concerned.
t1ps.com Limited is regulated by the Financial Services Authority .This research report is for general guidance only and t1ps.com Ltd cannot assume legal liability for any errors or omissions it might contain. The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not necessarily a guide to future performance. The difference between the buy price and the sell price for smaller company shares can be significant. Before investing, readers should seek professional advice from a Financial Services Authority authorised Stockbroker or Financial Adviser.
t1ps.com limited can be contacted at 5-11, Worship Street EC2A 2BH - email [email protected] -|
|bonzophil: It seems to me that a significant UK purchase in the wood pellet business is about to happen, as well as the financing of a wood pellet business in the US if you go back to the RNS on 2nd March. That plus the tone of how the existing businesses are doing from the RNS and possibly a UK listing of the wood pellet businesses should do wonders for the share price. I expect details will be announced with the results, which should be due soon. (Last year 30/5/06)
Libra Natural Wood Pellet division: review
Libra Natural Resources PLC
02 March 2007
Press Release 2 March 2007
Libra Natural Resources plc
("LNR" or "the Company")
Wood Pellet division: Strategic Review
Libra Natural Resources plc (AIM: LNR), the international company that acquires
and invests in waste-to-energy assets, is pleased to announce that further to
the announcement of 18 December 2006, which inter-alia contained details of the
potential de-merger of Libra Natural Resources plc's wood pellet business, it
has received several further acquisition and investment proposals concerning
these operations, in addition to those outlined in the conditional Heads of
Terms signed with Fortfield Investments plc ("Fortfield").
LNR remains committed to the potential de-merger and separate listing of its
wood pellet business during 2007, and discussions with Fortfield and other
parties continue. However, in light of these additional approaches, which are
further evidence of the growing and embedded value of this business to LNR
shareholders, the Company has decided to re-assess the strategy of undertaking
this de-merger at the present time. This decision has also been taken as a
result of the Company entering into exclusive negotiations to significantly
enlarge its wood pellet division, through potential acquisitions and investments
both in the United Kingdom and the United States (further details below).
Given this level of interest, LNR is pleased to announce that the Company's
Chief Executive Officer, Peter Greensmith, will today make a presentation on the
division at the London Stock Exchange's Environmental Industries Capital Markets
Day in London. Mr. Greensmith will deliver his presentation at 10.30am.
Key items from the presentation include;
o The creation of Emerald Bio-Energy Ltd, a wholly owned, private UK
company, which LNR intends to use as the holding company for its wood pellet
o The post-merger earnings contribution of the existing LNR wood pellet
operations, consisting of Westwood Fibre Products, Inc and the recently-acquired
Princeton Co-Generation, is expected to be materially above market expectations
o LNR has entered into exclusive negotiations to make a significant
investment in one of the UK's leading wood pellet producers;
o The Company is also undertaking exclusive due diligence on the
potential financing, construction and operation of one of North America's
largest single wood pellet production facilities, in the eastern United States.
A copy of this presentation will be made available on the Company's web site
www.lnrplc.com, as soon as practically possible.|
|sidneyslacker: Here they are: http://www.investegate.co.uk/Article.aspx?id=200609280700555953J
Press Release 28 September 2006
Libra Natural Resources plc
('LNR' or 'the Company')
Libra Natural Resources plc (AIM:LNR), the international company that acquires
and invests in waste-to-energy assets, announces its unaudited Interim Results
for the six months ended 30 June 2006.
Completion of first major series of investments, creating a broad portfolio
of waste-to energy assets
Prometheus Energy Company plc ('Prometheus') - US$4 million cash investment
made in May 2006. Subsequent successful AiM listing (AIM: PEC). Stake now
worth in excess of US$10.5 million
Westwood Fibre Products Inc. ('Westwood') - c.US$7 million cash investment
made in February 2006. Profitable in first four months of LNR ownership
LNR Kincaid LLC ('Kincaid') - US$1.7 million cash investment made in first
half of year. First site commencing operations in next 4 weeks
Further strengthening of Board through appointment of Glenn Smith to head
Company's growing North American investments
£5.5million innovative convertible bond issuance, strengthening Company's
balance sheet and enhancing profile of LNR amongst institutional investment
Net cash and short term investments of £2.7 million as of 30th June 2006
Peter Greensmith, Chief Executive Officer of Libra Natural Resources plc, said:
'We are extremely pleased to report an excellent set of interim results which
further highlights the progression of LNR into a major international green fuel
investment company. During the period under review, your Company has completed
a series of investments which we believe clearly demonstrates our ability to
source and manage extremely attractive investment opportunities.
We place much emphasis on proactively helping our portfolio companies and assets
realise near-term valuation uplift. We were particularly delighted therefore,
with the decision of Prometheus to list on AIM earlier this month. Although
falling outside the period covered by these results, we believe this very
successful listing clearly demonstrates that our strategy works, and we look
forward confidently to building on and replicating this success across our
- Ends -
For further information:
Libra Natural Resources plc
Peter Greensmith, Chief Executive Tel: +44 (0) 20 7877 5040
Heather Salmond / Franziska Bohnke Tel: +44 (0) 20 7398 7700
[email protected]church-group.com www.abchurch-group.com
Prometheus Energy Company
LNR reached initial agreement in September 2005, with Seattle, WA based
Prometheus to invest US$2.5 million in the development of its liquefied natural
gas (LNG) systems. Prometheus develops, designs, manufactures, and sells small-
scale LNG systems for natural gas recovery from coal mines, landfills, and
stranded well production in Europe and the United States and sells the resulting
LNG production to wholesale and retail clients.
Subsequent to the Company's half-year end, LNR completed its investment in
Prometheus, having increased its size to US$4 million (£2.1 million). Following
the completion of this investment, the Company has continued to work closely
with Prometheus to help define and implement its commercial and financial
presence outside the United States.
On September 14th 2006, Prometheus announced that it had introduced its shares
to the Alternative Investment Market in London. LNR now owns 11.55% of
Prometheus, valued at approximately £5.6 million as of 27 September 2006.
Whilst it is gratifying to report such a significant uplift in the value of
LNR's holding, the Board further views its investment in Prometheus as a
vindication of LNR's proactive investment strategy. The Board views LNR's
interest in Prometheus as being strategic in nature and will continue to assist
the company to pursue its very exciting international growth aspirations.
Westwood Fibre Products Inc.
Following LNR's acquisition in February of a 55% stake in this leading Canadian
waste wood fuel producer, the Board is pleased to report that Westwood continues
to perform in line with expectations, and has produced a small net profit for
the period under review. This profit was achieved despite Westwood experiencing
temporary disruptions in production due to fibre supply constraints and a small
fire in part of the factory's storage facility. That revenues and profitability
remained buoyant during this period, is in no small way a testimony to the
quality and commitment of Westwood's management, and merely reinforces the
Board's belief that the company represents an outstanding long-term investment
prospect for LNR.
In line with LNR's stated strategy to help develop Westwood into one of North
America's largest wood pellet manufacturers, the Board is pleased to report
further significant progress.
LNR has signed Letters of Understanding with certain other minority shareholders
in Westwood to increase the Company's stake in the business from 55% to 75%.
This transaction, which will be effected through an equity-for-surplus equipment
swap, is expected to be completed in October 2006, subject to the signing of
In addition, LNR has entered into a non-binding MOU, covering the potential
acquisition of a further major waste-wood pellet operation in British Columbia.
An acquisition of this profitable business, and its merging with the co-located
Westwood operation, would more than double Westwood's current pellet production
capacity and bring significant synergistic benefits. Subject to the successful
completion of detailed due diligence, currently underway, we anticipate that
this transaction will be completed towards the end of the next quarter.
With regard to LNR's waste coal processing investment in Springfield, Illinois,
construction and commissioning of the project has continued during the period,
and, the Board is pleased to report, is now reaching conclusion.
Extensive testing and commissioning of the plant and equipment has been carried
out in situ, and the site is scheduled to become operational next month. It is
expected that the facility will achieve full commercial production over the
balance of the quarter.
As previously announced, it is the Board's belief that there exists considerable
potential to significantly grow LNR's clean coal operations, particularly in the
United States. The Board is actively pursuing other, additional sites which
provide the right conditions for the successful economic deployment of LNR's
reclamation technology and expertise, and would thus expect to see a significant
scaling-up of the Company's operations in this area in the immediate future.
Coal International plc ('CI')
Given the legacy nature of this investment, and falling outside LNR's strategic
focus, the Board continues to view this holding of approximately 1.2 million
shares as a short-term investment. However, it is the view of the Board that
the current share price of CI does not reflect the future, or indeed current,
underlying value of the company.
We are proud of the many successes achieved over the last few months and remain
extremely optimistic on the immediate and long-term outlook for the Company. It
is however, undeniable, that your Board remains disappointed with the relative
failure of the markets to reflect this success in terms of the Company's share
price and underlying value. Whilst we have taken initial measures to seek to
address this, including the appointment of Teather & Greenwood as our new Nomad
and Joint Broker, your Board recognises that further action may be required, and
is actively reviewing a number of additional options to unlock shareholder
value. We intend to report back on the outcome of this review as soon as
Our strategy remains unchanged. We are committed to building a unique portfolio
of green fuel investments. We further believe that we have the financial,
project management and consultancy skills within our company to help our
investments deliver real value over the medium and longer-term.
The Board looks forward to further, demonstrable successes for the full year.
Chief Executive Officer|
Libra Natural Resources share price data is direct from the London Stock Exchange