Share Name Share Symbol Market Type Share ISIN Share Description
Resources Investment Trust LSE:REI London Ordinary Share GB0030983141 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 311.80p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments - - - - 50.06

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Date Time Title Posts
06/4/200823:02Resources Inv. Trust: Good Timing?291.00
27/11/200522:45Top Ten Holdings5.00
15/10/200213:20Deutsche Bank make major share acquisition of RIT-

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Resources Investment Trust (REI) Top Chat Posts

DateSubject
16/12/2004
08:41
hypocrite: Moneybags in Phoenix-Dublin is still long on CER.... has this to say also.... XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX THE PHOENIX December 17, 2004 37 Minco – a very solid buy at 13p Minco's share price should be a multiple of its current level 2000 word article caveat Emptor!!
14/4/2004
20:45
papillon: Didnt do much for the share price did it?
19/11/2003
12:59
karzy: NAV 125p up 3p, share price now 94p, 75% discount.
14/11/2003
16:43
mangal: Share price jumped up 10% today. Is there more to it than simply a change in sentiment & thus narrowing of discount to NAV?
14/7/2003
14:33
karzy: To be expected, REI experienced this with small mining companies selling their only liquid assets, often in emergencies, causing wild downward swings to it's share price. Expect more from OCE. A bit of research at weekend shows that one of it's directors is from Bullion Resources and most of its convertible bonds have a two year life, lets hope they can pay on the date! Some of the bonds conversion rates to shares look a bit optimistic on present prices. Away back to gardening have a nice afternoon.
23/5/2003
13:14
karzy: NAV up 3.3p, share price up 0.75p. another exciting week!
09/5/2003
17:28
karzy: I'll keep my fingers and toes crossed then. REI NAV up 5% on week, share price up 1% lagging behind as usual.Beartooth not started drilling yet, it can't still be frozen in Montana can it? Have a nice weekend!
05/2/2003
11:43
hypocrite: You've all heard I'm sure about Arcon and Ivernia West, the Irish zinc mines. They share the Irish discoveries with Anglo....major stakeholder in Ivernia West......delisted from Dublin exchange to Toronto...........owns the producing Lisheen Mine.....significant accumulation of losses having reached full production at beginning of zinc bear market............whatever happens here looks like Anglo's call. Arcon....see Sunday Times article.....since when the minlife has been doubled and the quality of zinc regraded to world's highest (from 12.something to 28) and rumour that they will quantify amount of silver discovered in same Galmoy orebody.Generally agreed undervalued...waiting on zinc price. Tara Mines.....producing mine for Outokumpu outside Dublin for last 25 years. Other pockets not yet working mines...bula, navan, ennex, minmet etc. Consolidation looks to be on the cards, Sort of thought that a company like REI would have an interest in this Irish sector.....maybe zinc is not it's bag??????????? Any comment??? XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX The Sunday Times - Business December 15, 2002 Sharewatch: Zinc price makes Arcon a real punt Renewed global industrial production could trigger an increase in demand for the metal, says Brendan McGrath ANYBODY with less than fond memories of Atlantic Resources, Tony O’Reilly’;s late, unlamented oil exploration company, as well as more recent investors in mining outfit Arcon, may want to stop reading now. Given the number of people who got burned in the Atlantic fiasco back in the 1980s, it is hard to blame investors for steering clear of resource shares. The Irish exploration market is littered with the remnants of shooting stars. Last week’s crash at Navan Mining and the previous week’s delisting of Bula Resources serve to underline the scale of losses incurred by investors in recent years. However, there is still a case to be made for small exploration companies, purely on the basis of their speculative appeal. Arcon, which has just endured a roller-coaster 12 months, falls into that category. Arcon’s main asset is the Galmoy zinc-lead mine in Kilkenny, and various exploration licences in the vicinity of the mine. Galmoy was brought into production in 1997 with a planned 10-year life span. Galmoy’s biggest problem is the price of zinc on world markets. At just over $800 (€788) a tonne, the zinc price is at a 60-year low, although there are tentative indications that renewed growth in global industrial production in 2003 and 2004 will trigger a rise in demand for the metal. If the price of zinc rises in line with an economic upturn, then the prospects for Galmoy improve immeasurably as recent financial and exploration developments mean that Arcon’s finances are finally in order. In addition, recent exploration results nearby suggest that the life of the mine could be extended well beyond the remaining five-year production schedule. Arcon’s crippling $100m-plus debt has been reduced after a restructuring this year which, inter alia, resulted in O’Reilly increasing his stake in the company to more than 71% after underwriting a €28m rights issue. O’Reilly also bought most of the debt from the banks, who swapped the rest of this debt for a 10% equity stake in Arcon. If that restructuring hadn’t taken place, Arcon was in real danger of going out of business or being taken over by the banks. Now Arcon’s only debt is the $20m owed to shareholder O’Reilly, and he is unlikely to make heavy demands on a company into which he is estimated to have pumped more than €100m. Outlook: The key to Arcon’s future is the price it gets for its zinc over the next few years. Some observers believe that the industry globally needs to cut production further before there is any prospect of a sustained improvement in prices. Others point to the decision by Outokumpu to reopen the Tara mine as a sign that a recovery is in the offing and that Galmoy will boost production as prices improve. Verdict: Investing in Arcon requires a great deal of faith in a zinc recovery. The company’s shares have doubled from 2c to 4c in the past few weeks as investors priced in the improved outlook, but further growth will depend on a sustained improvement in the zinc price. Worth a punt — but only if your nerves can cope with what remains a very speculative investment. Factfile Price: 4c Market value: €63m Daily volume: 556,000 Share price performance: no change since 31/12/01; -75% since 31/12/00 Major shareholders: Sir Anthony O’Reilly 71.7% EPS consensus: 31/12/02 -0.5c; 31/12/03 2c Prospective p/e: not applicable Risk grade: n/a Risk ranking: n/a Website: www.arcon.ie
18/1/2003
23:47
karzy: NAV of 103p, share price of 60.75p. No gold rush here!
15/12/2002
04:18
hypocrite: The Sunday Times - Business December 15, 2002 Sharewatch: Zinc price makes Arcon a real punt Renewed global industrial production could trigger an increase in demand for the metal, says Brendan McGrath ANYBODY with less than fond memories of Atlantic Resources, Tony O'Reilly's late, unlamented oil exploration company, as well as more recent investors in mining outfit Arcon, may want to stop reading now. Given the number of people who got burned in the Atlantic fiasco back in the 1980s, it is hard to blame investors for steering clear of resource shares. The Irish exploration market is littered with the remnants of shooting stars. Last week's crash at Navan Mining and the previous week's delisting of Bula Resources serve to underline the scale of losses incurred by investors in recent years. However, there is still a case to be made for small exploration companies, purely on the basis of their speculative appeal. Arcon, which has just endured a roller-coaster 12 months, falls into that category. Arcon's main asset is the Galmoy zinc-lead mine in Kilkenny, and various exploration licences in the vicinity of the mine. Galmoy was brought into production in 1997 with a planned 10-year life span. Galmoy's biggest problem is the price of zinc on world markets. At just over $800 (€788) a tonne, the zinc price is at a 60-year low, although there are tentative indications that renewed growth in global industrial production in 2003 and 2004 will trigger a rise in demand for the metal. If the price of zinc rises in line with an economic upturn, then the prospects for Galmoy improve immeasurably as recent financial and exploration developments mean that Arcon's finances are finally in order. In addition, recent exploration results nearby suggest that the life of the mine could be extended well beyond the remaining five-year production schedule. Arcon's crippling $100m-plus debt has been reduced after a restructuring this year which, inter alia, resulted in O'Reilly increasing his stake in the company to more than 71% after underwriting a €28m rights issue. O'Reilly also bought most of the debt from the banks, who swapped the rest of this debt for a 10% equity stake in Arcon. If that restructuring hadn't taken place, Arcon was in real danger of going out of business or being taken over by the banks. Now Arcon's only debt is the $20m owed to shareholder O'Reilly, and he is unlikely to make heavy demands on a company into which he is estimated to have pumped more than €100m. Outlook: The key to Arcon's future is the price it gets for its zinc over the next few years. Some observers believe that the industry globally needs to cut production further before there is any prospect of a sustained improvement in prices. Others point to the decision by Outokumpu to reopen the Tara mine as a sign that a recovery is in the offing and that Galmoy will boost production as prices improve. Verdict: Investing in Arcon requires a great deal of faith in a zinc recovery. The company's shares have doubled from 2c to 4c in the past few weeks as investors priced in the improved outlook, but further growth will depend on a sustained improvement in the zinc price. Worth a punt - but only if your nerves can cope with what remains a very speculative investment. Factfile Price: 4c Market value: €63m Daily volume: 556,000 Share price performance: no change since 31/12/01; -75% since 31/12/00 Major shareholders: Sir Anthony O'Reilly 71.7% EPS consensus: 31/12/02 -0.5c; 31/12/03 2c Prospective p/e: not applicable Risk grade: n/a Risk ranking: n/a Website: www.arcon.ie
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