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Real-Time news about Zirax (London Stock Exchange): 0 recent articles
|jimmyjagger: Disagree with you there edward. The volume so far has been fairly light, nothing like the sort of big buys that go through on pump and dump schemes. You do know how those are run don't you? You can spot them a mile off and they usually last a few hours. Big morning spike, afternoon sell-off. This is a sustained rise and I'm gutted to miss out on it.
The share price has risen significantly over the last 3 days but it went up 8% on Monday on no trades. I'll repeat that. up 8% on NO TRADES. Should've taken that as the trigger point to buy in - a poster here spotted it.
I've also read the ZRX board on iii and see no more than well-rounded analysis and perhaps just 1 over-enthusiastic post with an unrealistic valuation, the other posts look sound. Compare to something like NTOG... 1500+ posts in the past 3 days compared to Zirax's 15...
Don't get me wrong, I'd like nothing more than the price to dip so I can buy in but I feel your comments are unfounded.
While I'm here are there any stocks you'd recommend? I have a big cash pile sitting on the sidelines just itching to be invested!|
|masurenguy: I think that is a perfectly legitimate concern. Several AIM companies have delisted as a result of the lowly rating of their shares despite positive performances. If there is little coverage and/or demand for their shares why remain listed. The potential facility that it affords to raise funds isn't even worthwhile if the share price is on the floor - they could probably get a better price via a private placing !|
|whonosewhy: Presumably you are referring to the RNS Contract Annoucment from 13 Nov 08?
If that is the case and you now say the contract was really an existing contract then why woudl the company make the announcement?
A contract of that size would have to be disclosed to the market by RNS would it not? So if it was already in place then surely it would previously have been released as news on an RNS?
I can't see another contract like this mentioned on the RNS news history - I might have missed it would be delighted if you could point it out for me.
So perhaps if the contract was already in place then it happened before the IPO which would explain why it has not been released as news since the IPO?
But it is a 3 year deal with possible 1 year extension so this kind of deal if it was in place already before the IPO would actually be finishing as a contract by now?
So is it possible that in fact it is an existing client who has renewed a contract for a further 3 years? And is it a bad thing to get repeat business?
Or are you suggesting that in fact the new contract adds nothing to the turnover and profit because it is just a continuation of income already being received?
I am more concerned that this delay in producing results compared to last year's release date is for a reason.
My concern has been that the company came to the market to raise the cash to expand and get the new plant up and running and break into new markets. They have achieved all of this and could now de-list because despite achieving what they set out to do they have seen the AIM market fall and the share price go down with it.
They could be asking themselves the question do we need to stay listed and shall we comment on it when announcing the results?|
|whonosewhy: koolio check out the website it is quite good. The oilfield chemicals appear to have excellent selling points and though I'm no scientist they also appear to have a purity advantage over other competitors.
I too am waiting for the results and in fact did not think I would get another payday in before they came - I try and top up every payday in small amounts.
Looking at track record there has been an announcement of when the results will be announced for the last few a few days/a week before so if they stick to the pattern we will get an announcment first and maybe one last chance for me to top up a little more before they announce what I hope are good results.
We have already had a fall in share price off the back of the comments that the full year would be below market expectations so perhaps the year will still be exactly that - below expectations, but I just wonder what might happen if they have turned it around quicker than suggested last time they updated the market.|
|whonosewhy: Is Italy a fiasco?
I thought it said they had some production problems delaying full production but they had worked them out.
I think that possibly we are seeing this company share price affected by that and Russian situation as a whole.
If they are being paid in local Russian currency but report in US $ then the figures could make interesting reading with the weakness of Russian currency too.|
|stegrego: 20% now - somethings a foot... (apart from my appendage ;) )
No doubt we will get the usual 'The company knows no reason' etc RNS shortly.
Pity companies dont tend to put out the 'We know no reason for the 50% drop in share price over the past 6 months' type RNS....|
|masurenguy: I believe that it is. The share price is very undervalued in relation to company fundamental but do prospective shareholders feel confident that their interests will be well looked after in a Russian company.
It does not matter at all that it is quoted on AIM in London - it is still a Russian company with Russian management and the majority of sales and assets inside Russia !|
|greengnu: Why is this share price so low - good net assets including cash?|
|whonosewhy: You have to wonder if the BP situation is causing some concern here too.
Is the connection to Russia causing enough worry to keep the share price depressed or do we still have an overhang to clear?
I guess the hope is that the key staff have good relations with Moscow and Zrx can keep making profits.
The fundamentals still look sound to me, profit being made, no debt, acquisition done as promised, new factory open as promised. Diversification to non reliance on Moscow deicing contract also clearly evident. Moscow contract renewed again.
Long term picture looks good to me.|
|whonosewhy: I would imagine that the Annual Report may tell us more detail on Cargill.
The Moscow Contract seems pretty universally accepted as the 5th one in a row, the previous years was announced as the 4th. The contract has been in place since before the IPO. IPO document states the company had won 3 consecutive when it was prepared prior to Dec 05 launch. 7th Aug 06 they announced retaining the 4th consecutive time. So Pre IPO 3 times , 4th announced Aug 06 and 5th Announced Dec 07.
I am quoted as saying I have not got a clue what is going on with Pennygold and Metropol and I am sticking to that ! I have no clue.
I just hope the small shareholders do not now get squeezed to lower share prices because the company has done what it said in the IPO and used the funds raised to increase the product available by expanding the Volgograd plant getting the Rossignol plant up and running and buying the Austrian company and any capacity it has.
They have upped the capacity of product they can produce dramatically they have no debt and money in the Bank.
The small number of private investors by percentage free could look an easy target at low share price levels in the current market for a cheap buy back into private hands.
Maybe I've spent too much time listening to people who are cynical about the markets?|
Zirax share price data is direct from the London Stock Exchange