|Best performing shares ( UPS ) on October
|How the UPS are performing during last month|
|How the UPS are performing today|
opening lower over 100 points at one time now 94 points down|
|Futures Pointing To Initial Weakness On Wall Street - US Commentary
WASHINGTON (Alliance News) - Trading activity may remain somewhat subdued on Friday following the lackluster performance seen in the previous session. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 65 points.|
Tobacco deal supports FTSE 100
The FTSE 100 was in the black, which was supported by further sterling weakness and deal making in the tobacco sector.
Public sector net borrowing, excluding public sector banks, in September rose by £1.3bn to £10.6bn compared to September 2015, according to the Office for National Statistics.
West Texas Intermediate (WTI) crude oil slid 0.4% higher to $50.86 and Brent crude oil rose 0.6% to $51.70 per barrel, respectively.
Gold and copper was flat at $1,265 per ounce and $4,607 per tonne, respectively.
FTSE 100 RISERS AND FALLERS
Cigarette manufacturer British American Tobacco (BATS) traded 3.5% higher to £49.73 after announcing a $47bn offer to buy the 57.8% of US peer Reynolds American (RAI) it does not already own. It also delivered a robust third quarter trading update, showing good growth and increasing market share.
The news boosted rival Imperial Brands (IMB) by 2.8%.
Intercontinental Hotels (IHG) failed to impress investors following concerns over slowing growth in the third quarter.
FTSE 250 RISERS AND FALLERS
Acacia Mining (ACA) delivered impressive third quarter results, as gold production climbed by a quarter to 204,726 ounces and sales of the metal jumped by 24%.
Gaming technology firm Playtech (PTEC) was flat after revealing a £14.9m deal to buy bingo software play ECM Systems.
Shares in Time Out (TMO) nudged higher following an all paper £2.4m deal for London-based booking platform YPlan.
IT infrastructure services provider Computacenter (CCC) confirmed it will hit 2016 expectations after a resilient third quarter, although this received a lukewarm response on the market.|
|Market Movers - Top risers and fallers at 12:00
Burberry Group 1508.00 +4.00%
British American Tobacco 4972.00 +3.52%
Imperial Brands 3972.50 +2.86%
Royal Bank of Scotland Group (The) 190.05 +2.01%
Rio Tinto 2665.00 +1.78%
Direct Line Insurance Group 347.50 -2.06%
Shire 5048.50 -1.49%
ITV 170.75 -1.41%
InterContinental Hotels Group 3184.00 -1.27%
Johnson Matthey 3470.00 -1.06%
Acacia Mining 525.75 +12.05%
IP Group 155.35 +10.65%
Keller Group 669.50 +3.88%
Sophos Group 236.65 +3.16%
SSP Group 342.00 +2.64%
Countrywide 199.95 -4.05%
Grafton Group 493.05 -3.23%
Hunting 541.00 -2.87%
Burberry Group 1508.00 +4.00%
British American Tobacco 4972.00 +3.52%
CLS Holdings 1536.00 -2.78%
JRP Group 123.70 -2.68%
Trinity Capital 4.00 +128.57%
Digital Globe Services 57.00 +72.73%
Ibex Global Solutions 110.00 +27.91%
URU Metals 0.75 +25.00%
Canadian Overseas Petroleum Limited 11.25 +16.88%
RTC Group 41.00 -23.36%
Empyrean Energy 1.38 -21.43%
Michelmersh Brick Holdings 51.50 -18.25%
Trinity Capital 4.00 +128.57%
Digital Globe Services 57.00 +72.73%
Malvern International Ord 5p 4.12 +37.50%
Immunodiagnostic Systems Holdings 172.50 -16.87%
Borders & Southern Petroleum 3.00 -13.04%|
|PMO 73.125p +0.25p
It looks like some Investors are selling today IAE and ENQ (they had a very good rise lately) and moving into PMO|
|MBH 52.25p - -10.75 (-17.06%)
" The board feel a speedy recovery of average selling prices by the beginning of next year is unlikely."
Something has gone wrong on the bricks business and company expectations......
Michelmersh Brick Holdings set back by falling prices
- Michelmersh Brick Holdings, an AIM listed specialist brick manufacturer and landfill company, have fallen behind on achieving their expected pricing gains in the second half due to average selling prices falling short and a rise in competition.
According to the firm, the UK brick market has been experiencing falling output and a small increase in dispatch volumes as manufacturers respond to market demand.
The board feel a speedy recovery of average selling prices by the beginning of next year is unlikely.
These changes in the materials supply market have led the group to resource the carbon additive used in brick manufacturing at Freshfield Lane. The process has been successful however higher output yield is likely to taper off going forward, in line with historic trends.
The landfill licence for the former Dunton brickworks has been granted and the associated work completed. The board expects an economic return on this asset in the near future.
The board has revised its financial expectations in terms of revenue and profit for the current year to a similar level to the previous period.
On the plus side, cost savings have been identified to help mitigate the effect of negative market trends and the order book remains strong at 5% ahead of that at the half year.
Operational issues at the Michelmersh site at the half year have been resolved to return the sire to its full operational capacity.
Cash flow is "strong" and the group expects to meet or exceed its previous cash expectations at year end.
"The board reaffirms that strong long-term housebuilding and RMI market fundamentals remain in place for the foreseeable future and that the Group is well positioned to grow market share in the coming years," the group said in a statement.|
|UK government deficit worsens in September
The red ink at Westminster flowed more freely in September, although some economists appeared to be sanguine regarding the prospects for the public finances.
Public sector net borrowing (excluding public sector banks) jumped by �1.3bn versus a year ago to reach �10.6bn in September, according to the Office for National Statistics, ahead of the �8.5bn which economists had forecast, as both the current deficit and net investment rose.
"Estimates for the latest period always contain a substantial forecast element and the figures have to be considered in this light," ONS cautioned.
Financial year-to-date on the other hand, the deficit decreased by �2.3bn versus the same period of 2015 to �45.5bn.
In comparison to September 2015, the stock of debt grew by �39.5bn to �1,627.2bn, equivalent to 83.3% of gross domestic product (GDP).
The latter figure was one percentage point below the year ago level.
"Even before the vote to leave the EU, the OBR's fiscal forecasts were looking optimistic. But the weaker economic prospects over the next few years as a result means that these forecasts are likely to be revised substantially in the Autumn Statement next month. Indeed, we think the OBR will present the Chancellor with forecasts for borrowing that are about �25bn higher in 2019/20 than the previous forecast.
"However, this shouldn't trouble the Chancellor too much. In fact he has already suggested that he will allow an easing of the fiscal squeeze in the near term in order to provide the economy with some support. Austerity is far from over, but the fact that the economy is now not set to face a significant ramping up of the pace of fiscal consolidation over the next few years is another reason to think that growth won't slow too sharply," said Paul Hollingsworth, UK economist at Capital Economics.|
|AFC 19.50p +1p
It looks like the large marked down earlier on the week has work for the MMs and now the trend has finally has changed for the better, including British bulls signal >>> Last Pattern:BULLISH MEETING LINE
|JLP 3.725p +0.175p
Platinum Projects quarterly update
Mine-to-Metals specialist Jubilee Platinum plc (AIM: JLP, AltX: JBL) is pleased to provide, on behalf of its subsidiary, Jubilee Tailings Treatment Co., a quarterly performance, operational and financial update of its chrome recovery section of the Dilokong Chrome mine tailings project for Q3 2016 as well as a project update for the platinum processing project at Hernic Ferrochrome .
· Chromite concentrate production up 88.04% to 28 559 tons for Q3 2016 compared with Q2 2016
· Project revenue generated from chromite concentrate sales up 108.22% to GBP 2.09 million (ZAR 37.36 million, 95.23% increase) for the Q3 2016 compared with Q2 2016
· Chromite project earnings up 108.13% to GBP 1.55 million (ZAR 27.7 million, 95.05% increase) for Q3 2016 compared to Q2 2016
· Earnings attributable to Jubilee for Q3 2016 from chromite concentrate production up 94.73% to GBP 0.888 million (ZAR 15.89 million, 82.41% increase) compared with Q2 2016
· Platinum processing review completed with preferred option combining on-site upgrading of platinum content of the material to approximately double the in-situ value prior to toll processing the platinum rich feed material
· Construction of the 660 000 tons per annum platinum and chromite processing plant continues to progress to schedule targeting commencement of commissioning in December 2016
· Project Capital expenditure to end of September 2016 of GBP 7.45 million (ZAR 137.6 million) equivalent of 71% of total projected capital. This is commensurate with the percentage project completion
Leon Coetzer, Chief Executive commented:
"The operating results are very satisfactory and show increasing performance quarter on quarter which is reflected in our financial performance. The results are also a complement to our technical team who have responded to numerous challenges in a positive way to achieve these results. The consistency and reliability of our operating team augers well for the Hernic project when it commences its build up to full commercial production.
The construction of the Hernic project remains on schedule and shareholders are invited to view the project pictures that are updated on our website. The pictures clearly capture the process hardware that has been installed and indicates the significant progress made as the project nears the completion of the construction phase ......|
Trinity Capital (TRC) rose 157.14% to 4.5p after signing an agreement with Immobilien Development Indien I GmbH & Co. KG and Immobilien Development Indien II GmbH & Co. KG, which, if and when fully implemented, should facilitate the realisation of all of the company's remaining investments held jointly with the Immobilien Funds.
Digital Globe Services (DGS) was up 74.24% to 57.5p after it recommended a cash acquisition offer from The Resource Group International Ltd at 60p a share.
Chagala Group (CGLO) was up 60% to 2p after it received notification that Asian Investment Management Services Ltd has bought 1.256m depositary interests, representing 6.02% of the total voting rights the company, at $1.55 each.
RTC (RTC), down 26.17% to 39.5p, warns its FY results are expected to be lower than current market expectations, citing infrastructure project delays in H2. Immunodiagnostic Systems (IDH), down 19.28% to 167.5p, expects H1 revenues of £19.5m, from £19.4m last time.
Michelmersh Brick (MBH), down 16.27% to 52.75p, has revised its financial expectations for the current year and believes revenue and profit will be at or around a similar level to that report for the full year 2015.
Bagir (BAGR), up 10.71% to 3.88p, is trading in line with market views and making significant progress under its strategic plan to maintain this momentum across the business into 2017 and beyond.
Kolar Gold (KGLD), up 10.34% to 1.6p, has reported a significant increase in resource at Jonnagiri. It said the JORC-compliant resource had now been estimated at 351,000 ounces (indicated and inferred).
Providence Resources (PVR), up 4.26% to 12.25p, has to pay about £1.1m to Transocean Drilling UK Ltd after that firm brought litigation over Part 36 costs linked to the use of the semi-submersible drilling unit, Arctic III, on the Barryroe oilfield.
Sierra Rutile (SRX), up 2.9% to 31p, is delighted with its excellent production performance for Q3, showing the strength of its operations. Laura Ashley (ALY), up 2.47% to 20.75p, will cease to trade in its concessions within Homebase stores after their acquisition by Wesfarmers.
InterContinental Hotels Group (IHG), down 1.49% to 3177p, reports a solid Q3 performance, leveraging its global scale to drive 3.8% net system growth and 1.3% RevPAR growth.
Other stocks in the news: Xaar (XAR), Starcom (STAR), Dechra Pharmaceuticals (DPH), Time Out (TMO), Playtech (PTEC), Frontier Developments (FDEV), Firestone Diamonds (FDI), Stadium (SDM), Computacenter (CCC) and STM (STM).|
FTSE mixed; BATS lead blue chips up on merger news
London equities opened mixed with British American Tobacco (BATS) leading blue-chips and tobacco issues north after exhaling an upbeat trading statement and plans to acquire the portion of Reynolds American it does not already own.
BATS rose 4.03% to 4996.75p after it proposed merging with Reynolds American by acquiring the 57.8% it does not already own at $56.5 a share in cash and shares. BATS added its year-to-date revenue was up 6.2% on an organic basis. Imperial Brands (IMB) firmed 2.49% to 3958p.
Soon after the open, FTSE 100 was up 7.94 points, or 0.11%, to 7034.84, while FTSE 250 fell 16.78, or 0.09%, to 17,928.3. At 8.36am, WTI crude was down 0.22% to $50.52/bbl and Brent was down 0.14% to $51.31/bbl. Gold was down 0.29% to $1263.8/oz.
Blue-chip risers and fallers were evenly split, with share price moves muted on both sides of the ledger. To the upside it was miners, consumer goods, leisure, financials and utilities providing direction, although some in these sectors ebbed.
Reckitt Benckiser (RB.) rose 0.95% to 7212p, St James's Place (STJ) added 0.86% to 935.5p, Carnival (CCL) firmed 0.69% to 3799p, and Severn Trent (SVT) rose 0.38% to 2380p. Miners were led by Antofagasta (ANTO), up 1.02% to 517.75p, and Rio Tinto (RIO), up 0.7% to 2637.5p.
BHP Billiton (BLT), up 0.53% to 1223p, has rejected criminal charges against its Brazilian subsidiary over the Samarco dam disaster. It would defend the charges against both the company and the affected individuals.
To the downside, Direct Line (DLG) faded 1.55% to 349.3p, with more insurers following. Commerical property ebbed after Intu (INTU), lower 1.31% to 289.35p, while house builders were guided south by Barratt Developments (BDEV), off 0.61% to 481.25p|
opening up on a small range so far now 6 points better|
|The Oil Man: Oil price, Hurricane, Range, President - By Malcolm Graham-Wood | Thu, 20th October 2016 - 16:49
I return from Norway, where little seems to phase them, to find a modest rise in the oil price that looks as if it is going to stay, at least for the time being. There are still plenty of bears around, but the people that count appear to think that they can influence on the upside.
This was perfectly described by the Saudi oil minister when speaking at the oil and money conference in London, when he said that he had the distinct impression that the market was clearly balancing - or did he say nearly balancing?
Must have been the former, as he went on to say that "the oil market is on the brink of a turnaround" and thanks for the $17.5 billion (£14.3 billion) from the bond raise...
The other change has been that the inventory stats keep defying the wit of the analysts paid vast sums to guess the number each week; this time they got the sign wrong again, expecting a build of 2.7 million barrels when in fact the Energy Information Administration reported a draw of 5.2 million, which also rallied the market.
Watch out for WTI expiry tonight, after which we are in the December contract.
Hurricane Energy - stop press…
Hurricane (HUR) has just announced a £70 million placing and up to £4.4 million open offer to shareholders. This will be by issuing of 205.9 million shares at 34p, an 11% discount to VWAP.
Kerogen and Crystal Amber are holding their corner by the looks of it, taking 93 million shares, but Kerogen won't subscribe for open offer shares.
This looks like a proper raise for a company with a big discovery, well oversubscribed with a number of new institutions on board, aiming to kick in with the Lancaster EPS and other drilling.
That looks like being on Lincoln and maybe Warwick or similar and will take advantage of low industry costs. I note that the current rig, the Transocean Spitsbergen, will continue to be used, which mustn't be underestimated.
The farm-out can be restarted at some stage, with HUR in a very strong position as the final investment decision on Lancaster should be first-half 2017 with first oil first-half 2019.
Much more to follow after a chat with the company but, yet again, Dr Trice and his team have delivered the goods for the shareholders.
Another Argentina update from President (PPC) today, where it seems to be having more than its fair share of downtime.
The first well in the latest coiled tubing programme suffered from a leak in the tubing ironically and "provided valuable information", as it does, but only a limited amount of oil to surface.
On the DP 1002 S/T, drilling remains suspended whilst investigations continue, but the company points out that it was mechanical failures, which won't affect the long-term drilling potential.
Aminex (AEX) has announced that, on Ntorya-2 appraisal well, the rig is being mobilised and will spud in the last quarter.
And Range Resources (RRL) quarterly report confirmed all the activities that had been announced already. Key here is that the company is concentrating on focusing on the waterflood projects and that Morne Diablo will achieve production in fourth-quarter 2016 and Beach Marcelle in first-quarter 2017.
The last remaining two development wells will drill in fourth-quarter of this year.
And, as if it needed any more hassle, Circle Oil (COP) has received news from Circle Link that it is calling in its $20 million loan by 15 November, as it believes that a default has occurred in the CLA. "Join the queue" is probably the best advice…|
|How can Gulf Keystone ever escape the nightmare?- By Alistair Strang | Thu, 20th October 2016 - 10:03
In the department of odd stories, few things were odder than something I learned this week. Unless, of course, you were a turkey. A chum has a turkey farm in Ireland. A UK supermarket chain needed a batch of turkeys and his were the correct age.
He now has a free range turkey vacancy, as they bought his entire stock. The reason for the massive sale is a new belief that turkeys will be in demand - due to Halloween...
This was simply an anecdote and has absolutely no bearing on today's subject, Gulf Keystone (GKP). Cannot wonder why anyone would think of GKP in a conversation about turkeys.
Clients are aware against Gulf Keystone we've a red line at 0.8p. It doesn't mean the company will go pop if below 0.8p, just that our software prefaces every number with a minus sign.
From our perspective, GKP is stuffed below such a point and we're perfectly aware we could be wrong. But we'd only, if forced, bet money we were prepared to say goodbye to.
Our opinion at Trends and Targets is the AIM Regulators (until March 2014) should have asked questions about GKP movements around 120p. Regulators should have been kicking in doors around 50p. And by 20p, some rampers should have had their IP addresses logged.
From our perspective, this is a nightmare of the worst order, as we've kept hoping for the best while preparing for the worst.
Meanwhile, we've been following a few discussion fora and wonder who this bloke BOD is. It seems in rather a few oil sector shares and gold sector shares, quite a lot of folk want to find BOD and put him against a wall.
Currently, Gulf Keystone has a 'blue' downtrend we think will prove pertinent. It's currently around 1.771p mid-price, so we need to look for reasons capable of growing the share above this level to indicate it has probably stopped going down.
Should GKP trade above 2.15p, movements should be sharp and 3p is possible. Thankfully, the period of relative calm recently has produced a suggestion the share price need only trade above 1.41p to indulge a path toward 1.8p, therefore bettering the immediate ruling downtrend.
Our secondary, if such a level is bettered, is at 2.15p and looks like a nuisance, given it simply returns the share price to the point of indecision which ruled September.
About the only good news available is that, should the share somehow trade above 2.15p, movements are liable to be sharp as 3p is very easy to propose.
But, unfortunately, for now there remains an issue, and it's germane to our opening comment: turkeys don't fly..|
|BP downgraded; 'buy' Shell - By Lee Wild | Thu, 20th October 2016 - 14:33
BP downgraded; 'buy' Shell There's really been very little to separate BP (BP.) and Royal Dutch Shell (RDSB) this year, certainly in terms of share price performance. Both are up around 40%. But, while the third-quarter is not typically a needle-mover for the industry, profits this year will be pretty grim, and one analyst has been crunching the numbers for London-listed oil majors.
When results come in during the next week or two, oil & gas analysts at UBS expect the European sector to report third-quarter earnings down 28% year-on-year in dollar terms. In the US it's 52%. However, given how close the sector is to break even earnings, the declines look worse than they are, and the broker predicts a 22% quarter-on-quarter increase in net income this side of the pond.
That said, while oil prices were flat on the second quarter, they have almost doubled since January to over $52 a barrel. Brent crude is up 13% in just three weeks, and hopes are high that OPEC and the Russians can agree production cuts in Vienna next month. US stockpiles have also fallen.
Share prices have followed suit, however, and BP is up 41% since early June to its best levels in over two years. Shell has surged by three-quarters from less than £13 to over £22.
And that does mean valuations are now "less distressed," so investment opportunities are "less obvious," according to UBS. BP now trades on about 14 times earnings per share (EPS) estimates for 2017, in line with European majors.
"We are lowering our rating on BP to 'neutral' from 'buy' after strong share price performance, retaining our disciplined approach to target multiples that has largely served us well this year," writes the broker.
However, UBS ramps up its price target to 500p from 445p to reflect an oil price estimate of $60 a barrel. This target implies a dividend yield of 6.5%, suggesting share price upside if oil prices exceed $60 and capital expenditure intensity "is sustainably driven downwards".
Shell is still rated a 'buy', with price target raised from 2,100p to 2,250p. "We believe the potential for cost reduction at Shell is greater and the quality of the development/pre-development portfolio is higher," says UBS, "but we are less convinced of the focus to drive these through than at its closest peers; hence the two balance off."
A strategy day in New York on 8 November could be the next catalyst, with American investors given an update on some of the big local issues.
ROYAL DUTCH SHELL 2,174.50p 0.46%
BP. 490.05p -0.02%|
|A stock in one chart: Has Barratt peaked? - By Phil Oakley and SharePad | Thu, 20th October 2016 - 10:43
A stock in one chart: Has Barratt peaked? Shareholders in housebuilding companies have done very nicely over the past few years. They have experienced sharply rising share prices and bumper dividends as the sector's profits have soared.
With considerable assistance from the government's Help to Buy Scheme since 2013, the builders have been selling more houses at higher prices. When this has been combined with the smart buying of land to build on at favourable prices it is no surprise that profit margins have risen a lot.
We can see from the darker bars in the chart below that Barratt Developments' (BDEV) profit margins are now at similar levels to those achieved at the peak of the last housing market boom in 2007. The question that shareholders need to ask is: can margins go any higher, or is this as good as it gets?
Nobody can be sure, but there are grounds for caution. House price inflation is showing signs of slowing down whilst affordability for buyers remains stretched.
That said, builders such as Barratt are sitting on land banks that have some very cheap land in them. As long as house prices do not fall, this should help margins stay near their recent highs.
But there is another thing for investors to consider - the valuation of housebuilding shares. The most popular measure is price to net tangible asset value (P/NTAV) where most of the assets are in the form of land.
The lighter bars above show Barratt's historic P/NTAV. You can see that it tends to move in the same direction as profit margins. You can also see that on this measure, the shares are more expensive than the last peak in 2007.
So we have a combination of peak profit margins and close to peak valuations. What this is telling investors is a lot of the easy money has been made from this sector and it might be difficult for share prices to move sustainably higher.
It might also go some way to explaining why housebuilders - with the exception of Bellway (BWY) - have not made any money for investors during the last year.
The ii view:
Housebuilders were among the hardest hit in the post-referendum crash, and they've been among the slowest to recover. That this is the case, despite knockout dividend yields and embarrassingly low price/earnings (PE) multiples, is indicative of investor sentiment.
A P/NTAV of around 1.5 for 2017 is certainly not the loftiest valuation in the sector, either, but there is better value elsewhere. If you believe a housing market crash is inevitable, or are fearful of Brexit, you'll steer clear of the sector completely. Either way, a substantial rally from here appears unlikely right now.|
finishing 40 points lower|
|Oil, Gas Roundup
Stratex International (LON:STI) has entered into a service agreement with Goldstone Resources Ltd, in which it holds a 33.45% interest.
Under the terms of the agreement, Stratex would provide technical services to support Goldstone for a monthly fee of £1,750 plus VAT as well as a further fee in respect of any specific work streams, including but not limited to project management and analysis of results from exploration programmes.
* * *
SOCO International (LON:SIA) non-executive director Marianne Daryabegui has stepped down from the board following the expiry of her initial contract term this month. This is due to her employer now limiting its employees' participation as non-executive directors.
The board thanked her for her excellent service and for her invaluable contribution to the company during her tenure of office and wishes her the very best for the future.
The board has particularly valued and benefited from her independent thought and objectivity along with her extensive experience in oil and gas corporate finance.
* * *
The sector's biggest risers were Empyrean Energy (LON:EME) and Borders & Southern Petroleum (LON:BOR) - up by more than 59% and over 34.4% respectively in late trading. The biggest fallers were Gulfsands Petroleum (LON:GPX) and Solo Oil (LON:SOLO) - down by 8% and more than 4.3% respectively.
(LON:AUR) Aurum Mining PLC share price was 0p at 2.58p
(LON:BOR) Borders Southern Petroleum PLC share price was +0.67p at 2.87p
(LON:CHAR) Chariot Oil Gas Ltd share price was -0.07p at 8.81p
(LON:EME) Empyrean Energy PLC share price was -7.25p at 1.75p
(LON:ENQ) EnQuest Plc share price was -1.87p at 29.88p
(LON:GKP) Gulf Keystone Petroleum share price was -0.02p at 1.32p
(LON:GPX) Gulfsands Petroleum PLC share price was -0.25p at 2.88p
(LON:INDI) Indus Gas Ltd share price was +2.38p at 487.38p
(LON:PET) Petrel Resources PLC share price was 0p at 6.13p
(LON:RKH) Rockhopper Exploration PLC share price was -0.37p at 27.63p
(LON:RPT) Regal Petroleum PLC share price was -0.02p at 3.73p
(LON:SIA) SOCO International PLC share price was -1.5p at 138.75p
(LON:STI) Stratex International PLC share price was +0.1p at 1.9p
(LON:XEL) Xcite Energy Ltd share price was +0.16p at 1.66p|
|How the UPS are performing during last month|