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ZEST Zest Grp

0.405
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Zest Grp LSE:ZEST London Ordinary Share GB00B067JC96 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.405 0.00 00:00:00
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 0.405 GBX

Zest Group (ZEST) Latest News

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Zest Group (ZEST) Discussions and Chat

Zest Group Forums and Chat

Date Time Title Posts
03/12/201014:16ZEST - New for 20102,822
15/11/201016:13Zest Group769

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Posted at 30/11/2010 22:38 by serantel
Your still not getting it.
Options are the shareholders way of rewarding management for returning good value to the shareholders which is you.
You grant the directors (you being the shareholders) the options at a strike price of say 10p
So they get to buy shares which are at 10p for .05p but they cant exercise these options until they have the share price at 10p or above.
You lot (the shareholders) have given directors a strike price of .05p once the share price is at that price or above they can exercise their options.
So not much of an incentive is it.
For crying out loud all they have to do is raise the share price a paltry .01p and they can exercise them .
It implys that they have no confidence in raising the share price to 2p or 3p and that is how the market wil see it also.
Posted at 30/11/2010 19:11 by serantel
Because he is an ungracious tool thats why :)

PS . you lot clearly dont understand the point of options.
To issue them at the pathetic utterly pathetic price of .05p tells you what ?
..........ok I,ll spell it out for you.
It means the directors have no incentive at all to raise the share price in any significant manner at all.
Options should be set at a decent premium to price to push the directors into achieving a much higher share price for shareholders before the EARN their reward.
I suggest you look at what he did recently to LGO.s options go on ask on their thread. Then go onto the Solo thread and ask what he did with their options.
It is a disgrace and only on AIM could you expect to see this sort of behaviour.
If REM share price gets to say 1p they have made vast profits for doing sod all.
Work it out for yourselves .
That is why I,m invested in a decent co with decent prospects and you lot are stuck in here for the forseeable.
ENJOY.
Posted at 25/11/2010 09:51 by rossoblu2
Anything ree looks like its preparing to go through the roof. From iii....


'Rare earths prospector Lynas Corp. was the top gainer,soaring 10.7 percent after it lined up a European customer to buy rare earths on a long term contract, amid worries about global producer China cutting exports.'



Their response is that 'at this point in time there is no relationship between Zest Group or Rare Earth Minerals PLC'.

It is interesting that they use the term 'at this point in time' as opposed to 'there is no relationship between etc.' I am sure that Zest has an investment proposal to outline either at the meeting on Monday or the AGM and I am sure discussions are fairly advanced with a producer of Rare Earth Materials. There are not that many companies ready to take off on the world market with REE's and what better given the background of Ronald Bruce Rowan for it to be an Australian company that Zest/REM link up with.

Todays news (Times article) states that Lynas have agreed a procurement deal with Sojitz, the Japanese trading house. Lynas have yet to say who the European customer is they have lined up. May be its just a timing co-incidence that Zest is becoming involved in REE's at the time that Lynas is in discussions(lined up) with an unknown European customer. Hopefully we will hear of Zests investment plans on Monday and that following this we see a rise in the share price Given the small number of shares in circulation it could be a substantial rise especially if a contract is already in place. If the deal was a procurement deal as opposed to an investment in a producing company does this mean that Zest would not have to raise further capital through a placement. I do not understand the implications of a procurement deal.
Posted at 19/11/2010 07:39 by marab
The Company was formed to build a music business by acquiring new artists together with their music publishing rights and acquiring recording and publishing companies. The Company has made progress in developing its business objectives as set out in its Admission Document. However, in the six months to 31 March 2010 the Company reported a loss before taxation of GBP194,000 and further reported that it was reliant on external funding. The Directors have therefore come to the conclusion that whilst Zest's existing business may be able to deliver some value (and will be retained) it does not form the basis of a sustainable business for a publicly traded company. Accordingly, the Directors believe that it is in the Company's interests to adopt a new strategy for the development of the Company as an investing company and to take advantage of opportunities outside of the music industry and also draw on the experience and success of Mr Lenigas in the natural resources sector as a means of establishing greater shareholder value, further details of which are set out below.

As an investing company, Zest will be required to make an acquisition or acquisitions which constitute a reverse takeover under the AIM Rules or otherwise implement its Proposed Investing Policy on or before the date falling twelve months from the adoption of the Proposed Investing Policy failing which, the Company's Ordinary Shares would then be suspended from trading on AIM. In the event the Company's Ordinary Shares are so suspended and the Company fails to obtain Shareholders' consent to renew such policy, the admission to trading on AIM of the Ordinary Shares would be cancelled six months from the date of suspension and the Directors will convene a general meeting of the Shareholders to consider whether to continue seeking investment opportunities or to wind up the Company and distribute any surplus cash back to Shareholders. In making the assessment of whether or not an investing company has substantially implemented its investing policy, this is normally considered to mean that the investing company has invested a substantial portion (usually at least in excess of 50 per cent.) of all funds available to it , including funds available through agreed debt facilities, in accordance with its investing policy.

Proposed Investing Policy

The Company's proposed change in strategy and Proposed Investing Policy, which is subject to shareholder approval, is to acquire a diverse portfolio of direct and indirect interests in exploration and producing Rare Earth Minerals and/or Metals projects and assets. In light of the nature of the assets and projects which will be the focus of the Proposed Investing Policy, the Company will consider investment opportunities anywhere in the world.

The Directors have considerable experience investing, both in structuring and executing deals and in raising funds. Further details of the Directors' expertise are set out below. The Directors will use this experience to identify and investigate investment opportunities, and to negotiate acquisitions. Wherever necessary the Company will engage suitably qualified technical personnel to carry out specialist due diligence prior to making an acquisition or an investment. For the acquisitions which they expect the Company to make, the Directors may adopt earn-out structures, with specific performance targets being set for the sellers of the businesses acquired, and with suitable metrics applied.

The Company may invest by way of outright acquisition or by the acquisition of assets, including the intellectual property, of a relevant business, partnerships or joint venture arrangements. Such investments may result in the Company acquiring the whole or part of a company or project (which in the case of an investment in a company may be private or listed on a stock exchange, and which may be pre-revenue), and such investments may constitute a minority stake in the company or project in question. The Company's investments may take the form of equity, joint venture, debt, convertible instruments, licence rights, or other financial instruments as the Directors deem appropriate.

The Company may be both an active and a passive investor depending on the nature of the individual investments in its portfolio. Although the Company intends to be a long-term investor, the Directors will place no minimum or maximum limit on the length of time that any investment may be held.

There is no limit on the number of projects into which the Company may invest, nor the proportion of the Company's gross assets that any investment may represent at any time and the Company will consider possible opportunities anywhere in the world.

The Directors may offer new Ordinary Shares by way of consideration as well as cash, thereby helping to preserve the Company's cash for working capital and as a reserve against unforeseen contingencies including by way of example, and without limit, delays in collecting accounts receivable, unexpected changes in the economic environment and unforeseen operational problems. The Company may in appropriate circumstances, issue debt securities or otherwise borrow money to complete an investment. There are no borrowing limits in the Articles. The Directors do not intend to acquire any cross-holdings in other corporate entities that have an interest in the Ordinary Shares.

There are no restrictions in the type of investment that the Company might make nor on the type of opportunity that may be considered other than set out above.

As the Ordinary Shares are traded on AIM this provides a facility for Shareholders to realise their investment in the Company. The attention of Shareholders is drawn to "Risk Factors" set out below. In addition, the Directors may consider from time to time other means of facilitating returns to Shareholders including dividends, share repurchases, demergers, and schemes of arrangements or liquidation.

The Company will provide an update on its investing activities at the same time that it publishes its audited annual results for the year ending 30 September 2011 and as otherwise required by the AIM Rules. The Company has no current plans to publish any regular estimate of net asset value or updates on the investments.

Name Change

In accordance with article 104 of the Articles, the Directors have passed a resolution to change the name of the Company to Rare Earth Minerals Plc conditional upon the passing of the Resolution by the Shareholders to adopt the Proposed Investing Policy.

Subject to the change of name of the Company becoming effective, the new website address of the Company will be www.rareearthmineralsplc.com.

Risk Factors

Any investment by the Company as part of the Proposed Investing Policy will carry a high degree of risk. These risks and uncertainties are not the only ones facing the Company and additional risks and uncertainties not presently known or which are currently deemed immaterial may also have a material adverse effect on the Company's business, results of operations or financial condition.

If any or a combination of the risks materialise, the Company's business financial condition, operational performance and share price could be materially and adversely affected to the detriment of the Company and the Shareholders.

GM Business

The business to be considered at the GM is as follows:

Adoption of the Proposed Investing Policy - to be proposed as an Ordinary Resolution

We are asking Shareholders to approve and adopt the Proposed Investing Policy. In particular, the Company is seeking the authority of Shareholders to acquire direct and indirect interests in exploration, development and producing Rare Earth Minerals and/or Metals projects and assets. In light of the nature of the assets and projects which will be the focus of the Proposed Investing Policy the Company will consider investment opportunities anywhere in the world. The intention is to acquire a widely distributed mix of Rare Earth Minerals and Metals development and producing assets.

If the Resolution is passed and the Proposed Investing Policy is adopted the name of the Company will change to Rare Earth Minerals Plc.
Posted at 19/11/2010 07:27 by mickey rourke
Zest, Zest....Zest is the best!!

Get the best soap on a rope or be a dope!!

Zest, Zest...Zest is the best!!
Posted at 14/11/2010 18:13 by solarno lopez
which means they are in very shortly supply therefore command a preminum which means that the ZEST share price will command a PREMIUM.....
Posted at 12/11/2010 09:34 by redimp98
LIBC got a few to get shut of at 39, all the other 7 are on 45, so expect the ASK to shoot v soon.

One thing you can be sure of is that the due diligence on the proposed RTO will already have been completed. At the point of completion, Rowan came in for 100 million. The Co. has had 8 months to sort that one out.

Expect the deal announcement to be made known on the 29th, accompanied by a 800m placing at 0.25p to raise funds for operations.

Ree is the hot commodity for 2011, and returns will be spectacular. Zest has become an investors's stock rather than a traders' play. Hold for a steadily rising share price from an initial mcap of around £15m end-Nov. On dilution that gives a share price of 0.8p or thereabouts. The important thing is the mcap and that could easily rise to £150m by end 2011.
Posted at 12/11/2010 07:40 by liquid millionaire
Friday 12 November, 2010Zest Group PLC
Notice of Meeting and Adoptio
RNS Number : 0629W
Zest Group PLC
12 November 2010

12 November 2010



Zest Group plc

('Zest' or 'Company')



Posting of Shareholder Circular and Notice of General Meeting

Proposed Adoption of an Investing Policy

Proposed Change of Company Name to Rare Earth Minerals Plc



The Company announces that it has, today, posted a circular to its shareholders ("Circular") setting out details of a proposed change in its strategy and an adoption of an investing policy in accordance with the AIM Rules for Companies, a proposed name change and a notice of a general meeting. Copies of the Circular are available from the Company's website, www.zestmusic.com. The General Meeting is to be held at Suite 3B, Princes House, 38 Jermyn Street, London, SW1Y 6DN on 29 November 2010 at 11am.



Background



The Company was formed to build a music business by acquiring new artists together with their music publishing rights and acquiring recording and publishing companies. The Company has made progress in developing its business objectives as set out in its Admission Document. However, in the six months to 31 March 2010 the Company reported a loss before taxation of £194,000 and further reported that it was reliant on external funding. The Directors have therefore come to the conclusion that whilst Zest's existing business may be able to deliver some value (and will be retained) it does not form the basis of a sustainable business for a publicly traded company. Accordingly, the Directors believe that it is in the Company's interests to adopt a new strategy for the development of the Company as an investing company and to take advantage of opportunities outside of the music industry.



Proposed Adoption of an Investing Policy



The Company's proposed investing policy, which is subject to shareholder approval, is to acquire a diverse portfolio of direct and indirect interests in exploration and producing rare earth minerals and/or metals projects and assets . In light of the nature of the assets and projects which will be the focus of the Investing Policy the Company will consider investment opportunities anywhere in the world.

The Directors have considerable experience investing, both in structuring and executing deals and in raising funds. The Directors will use this experience to identify and investigate investment opportunities, and to negotiate acquisitions. Wherever necessary the Company will engage suitably qualified technical personnel to carry out specialist due diligence prior to making an acquisition or an investment. For the acquisitions which they expect the Company to make, the Directors may adopt earn-out structures, with specific performance targets being set for the sellers of the businesses acquired, and with suitable metrics applied.

The Company may invest by way of outright acquisition or by the acquisition of assets, including the intellectual property, of a relevant business, partnerships or joint venture arrangements. Such investments may result in the Company acquiring the whole or part of a company or project (which in the case of an investment in a company may be private or listed on a stock exchange, and which may be pre-revenue), and such investments may constitute a minority stake in the company or project in question. The Company's investments may take the form of equity, joint venture, debt, convertible instruments, licence rights, or other financial instruments as the Directors deem appropriate.

The Company will be both an active and a passive investor depending on the nature of the individual investments in its portfolio. The Company intends to be a long-term investor and the Directors will place no minimum or maximum limit on the length of time that any investment may be held.

There is no limit on the number of projects into which the Company may invest, nor the proportion of the Company's gross assets that any investment may represent at any time and the Company will consider possible opportunities anywhere in the world.

The Directors may offer new ordinary shares in the Company by way of consideration as well as cash, thereby helping to preserve the Company's cash for working capital and as a reserve against unforeseen contingencies including by way of example, and without limit, delays in collecting accounts receivable, unexpected changes in the economic environment and unforeseen operational problems. The Company may in appropriate circumstances, issue debt securities or otherwise borrow money to complete an investment. There are no borrowing limits in the Articles of Association of the Company. The Directors do not intend to acquire any cross-holdings in other corporate entities that have an interest in the Ordinary Shares.

There are no restrictions in the type of investment that the Company might make nor on the type of opportunity that may be considered.

As an investing company, Zest will be required to make an acquisition or acquisitions which constitute a reverse takeover under the AIM Rules or otherwise implement its investing policy on or before the date falling twelve months from the adoption of the new investing policy, failing which, the Company's ordinary shares would then be suspended from trading on AIM. In the event the Company's ordinary shares are so suspended and the Company fails to obtain shareholders' consent to renew such policy, the admission to trading on AIM of the Company's ordinary shares would be cancelled six months from the date of suspension and the Directors will convene a general meeting of the Shareholders to consider whether to continue seeking investment opportunities or to wind up the Company and distribute any surplus cash back to Shareholders.



Proposed Name Change


Conditional upon the adoption of the proposed investing policy, it is proposed to change the Company's name to Rare Earth Minerals Plc.



For further enquiries:



Zest Group Plc

David Lenigas

+44 (0) 440 0640





W.H. Ireland

James Joyce

+44 (0) 207 220 1666


This information is provided by RNS
The company news service from the London Stock Exchange
Posted at 08/11/2010 08:51 by comedy
lol not quite right humbugg it returned (tstr) over suspension price as many posted they made some and sold out...it then fell as low as 0.33p which was still i believe above suspension price...it then reached over 0.6p ...then fell low as 0.45p? and again has gone over 0.6p...

but for balance you are right it didnt hit 1p or 1.5p..but if people held they would have had 2 chances to almost double their money twice...plus a 5mill buyer there implies something is going on.

here we all expect an rto..what it is and how market wil react is anybodies guess...but the subtle or not so suble deramping for the chap to then admit he will buy but at a lower sp???would have been so much easier for all if he admited he wanted in at a lower share price as that is human nature...consolidation this week??who knows but the tdw want 0.355p for 1 mill...so anyone selling believing they would effectively be able to short the price down would have learnt they got to sell at 0.285p and expected to pay 0.355p to get back stock so effectively lost £700 if news comes out and the share price goes back up...a buy and hold...if share price falls top up in smaller amounts until the bottom reached...anyway everyone is a big boy here so ....as someone has posted on cr thread he missed £130k profit in bem by selling at 10p expecting it to fall back?
Posted at 06/11/2010 10:20 by comedy
well guys seems like we have been reading the clues since lenigas came on board earlier in year. each subsequent FACTUALLY action ie office address change/placing/brucie have all strenghtened what we we believe well happen.

QUESTION we have already had a placing at 0.15p and the price never fell that low...so is bruce really come on baord to take 100 million shares top slice at 0.3p and show everyone he just wanted 50millin free shares??? bearing in mind that what that means is he has got his capital out...but is left with paper...i said PAPER...and no one will touch the shares so effectively he has killed his "free top sliced 50 million shares" to what?? no buyers and he is left with paper...now most of these guys want to make 10 times their money(to make up for the ones that dont make it) so even if you start from 0.15p he will be wanting share price to hit 1.5p over time???reasonable??

key point had placing at 0.15p and never hit that share price when board was quieter a month or two back....so why would it now go to 0.15p now??

some have come on and obvious ridden it recently to over 0.4p...question did they sell all or top slice???if sold all they will want to get in for another ride?? if top sliced those shares are off market reducing free float.

Now placing... we all know a placing will happen...question will share price fall to placing or rise to placing?? as we dont know wil placing happen at a higer share price or lower sp??

...question will those who have taken up placing sell for a quick wee turn or hold the shares???if hold shares the freefloat will be squeezed as other will want on and share price will rise...look at tstr as an example.

now why do we have a chap posting non stop???
Zest Group share price data is direct from the London Stock Exchange

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