Kurawood Share Discussion Threads

[double6] 30/11/2009 12:22

Looks like they've snapped up a few more.

[double6] 27/11/2009 15:51

Another FOX CAPITAL 100k buy.

[double6] 27/11/2009 08:13

FOX CAPITAL seem to be mopping up the loose stock.

[double6] 26/11/2009 21:42

Any ideas as to why FOX CAPITAL have upped there stake today ?
Already over 75% shares are held by those in favour of taking the company private.

[double6] 26/11/2009 15:01

Well, there's the answer - FOX CAPITAL increased stake to 68%.

[double6] 26/11/2009 13:14

800k trade at mid-price - buy / sell ??

Online still at 0.30/0.70.

[double6] 25/11/2009 12:52

LOL - good old theresearcher!

Anyway - will the MM's try and suck them in here, before de-listing ?

[mjcrockett] 17/11/2009 11:18

Not quite sure why you wished to post my 2007 comment on Kurawood.

The amazing thing to me was in connection with the Robbins contract announced by Kurawood in December 2007. This mentioned minimum annual volumes of 20,000 M3 which the company were confident would be easily achieved. Yet, the contract was not even mentioned in the results 6 months later - or anywhere else, I don't think. I sold out soon after then at some loss. Perhaps if Kurawod had £600K to spare they should be fined for over optimistic statements like Regal Petroleum have been.

[shujja] 17/11/2009 01:38

mjcrockett - 6 Dec'07 - 10:15 - 21 of 67


Sharescope shows broker forecast for KURA as follows:-

Year to 1/9/08

Profit: £4.0m
EPS: 17.10
T/o: £17.7m

Year to 1/9/09

Profit: £8.40
EPS: 34.10
T/o: £28.7m

Year to 1/9/10

Profit: £15.6
EPS: 63.60
T/o: £43.0m


This all sounds very optimistic. However, when you look at today's first deal, which should be worth several million, it seems very possible. Particularly when they plan to ramp up production to 60,000 m3 by mid 2008.

Does anyone have access to the broker forecast?

MJ

[jonwig] 13/11/2009 19:32

Some of the early posts here rumbled this company - eg. big claims about their product but didn't bother to take out IP protection.

There are risks and there are RISKS - this was one of the latter!

[redditch needle] 13/11/2009 19:13

GWR7- and RAB Capital was a big investor. Nailed to a naff synthetic wooden cross; way to go, punters.

[dilly4] 13/11/2009 12:39

small caps big risk

[gwr7] 13/11/2009 09:43

Perhaps someone from the AIM regulatory team would like to explain how this rubbish was ever allowed onto the market two years ago.

Kurawood plc ("Kurawood", "the Group" or "the Company") First Day of Dealings on AIM Placing of Ordinary Shares raising £4.5 million Kurawood announces the admission ("Admission") of the ordinary shares of 1.0
pence ("Ordinary Shares") of the Company to trading on AIM with ticker symbol
KURA. The Company has raised £4.5 million in a Placing of ordinary shares at a
placing price of 100 pence per ordinary share ("Placing Price"). The market
capitalisation of the Company at the Placing Price is £17 million. Nominated
adviser to the Company is City Financial Associates Limited and St Helen's
Capital Plc is nominated broker.

[dibbs] 21/4/2009 22:21

Big percentage rise today. Kurawood got wood;-) Wonder what is occuring?

Dibbs

[waldron] 02/2/2009 08:41

New Product Line (Kurawood)





TIDMKURA

RNS Number : 6120M
Kurawood PLC
02 February 2009

?
Kurawood Plc (the "Company")


NEW PRODUCT LINE - ACETOWOODTM
The Directors are pleased to announce the arrival of the Company's second line
of modified wood products, "AcetowoodTM", founded on the Company's own process
based on the more widely understood acetylation of timber. AcetowoodTM is a
modified timber suitable for in-ground applications and therefore compliments
Vecowood , a modified timber more suited to above ground and interior appearance
grade applications. Further protection is being sought for AcetowoodTM initially
via one or more national patent applications.
First developed in the 1920s, acetylation increases the wood's natural acetyl
content through impregnation of acetic anhydride at high temperature and
pressure. The acetylation process produces significant improvements to
dimensional stability (up to 75 per cent.) and durability, effectively imparting
the physical properties of valuable hardwoods to relatively inexpensive
softwoods. However, a widely known disadvantage of acetylation is the existence
of un-reacted acetic anhydride and residual acetic acid within the modified
timber, which is corrosive and therefore requires all equipment to be stainless
steel - a high capital expenditure requirement. In the production of
AcetowoodTM, the Company has developed a process that negates this disadvantage
and reduces the need for stainless steel equipment.
Mr. Tilleard noted, "In AcetowoodTM, we have a timber ideally suited to external
and in-ground applications that can be offered for sale at prices that compete
well against both traditional hardwoods and other commercially available
modified timbers. The Directors are also confident that certain elements of the
method of manufacture of AcetowoodTM are capable of being patent protected, thus
enabling the Company to securely license this technology alongside Vecowood .
The financial terms facing any potential licensee should be extremely
competitive, given the greatly reduced capital expenditure requirement,
estimated, by the Directors, to be in the region of GBP3.00 to GBP4.00 per cubic
metre of installed AcetowoodTM capacity."
The Directors anticipate being in a position to approve the publication of both
its Annual Report and Accounts for 2008 and an accompanying circular to
shareholders detailing the proposed capital injection by Fox Capital Limited on
the terms announced on 24 December 2008.
Vecowood and AcetowoodTM are trademarks owned by Kurawood PLC and may not be
used or reproduced without written permission.
For further information on the Company, our products or licensing opportunities,
please contact:
Justin Martin, Kurawood plc Tel: [phone]
Ross Andrews, Zeus Capital Limited Tel: [phone]
Tom Rowley
Ruari McGirr St Helen's Capital plc Tel: [phone]
Mark Anwyl
Notes to Editors:
About Kurawood PLC: Kurawood plc, listed on AIM in September 2007, uses its
proprietary Veco organic formulation to enhance softwoods, giving them the
dimensional stability, durability and usability akin to traditional hardwoods
but at a fraction of their cost.
In Vecowood , we have a timber ideally suited for many appearance grade internal
applications (for instance kitchen and bathroom cabinetry, flooring and other
internal joinery) and above-ground external applications such as window frames,
conservatory frames and doors, being offered for sale at highly competitive
prices when compared to traditional hardwoods and other commercially available
modified timbers. It is, we believe, the only sold wood, whether modified or
naturally grown, capable of being commercially powder coated and a patent has
been published to protect the same. Furthermore, the right to the Veco
formulation and Vecowood 's method of manufacture may also now be securely
licensed to independent 3rd parties anywhere located on significantly more
financially attractive terms than other technology providers operating in this
arena; this being possible due to the comparatively low required capital
expenditure of circa GBP2.00 per cubic metre of nameplate capacity; and
In AcetowoodTM, we have a timber ideally suited to in-ground external
applications such as shutters/shading, siding and cladding, decking, outdoor
furniture/equipment and glulam beams for structural use. AcetowoodTM can also be
manufactured from the same Forestry Stewardship Council certified fast-growing
New Zealand Radiata Pine. Preliminary trials carried out on AcetowoodTM confirm
superior hardness scores to other available acetylated timbers with further
results on dimensional stability and durability ongoing.


This information is provided by RNS
The company news service from the London Stock Exchange
END

MSCUUUAGPUPBURP

[mercier et camier] 19/8/2008 20:15

So true. In at average 19 out at average 22. The stock is too illiquid can't buy any can't sell any. The slightest buy/sell causes major price movements.

But capped at only 4M the directors will buy out their own company but I don't have the patience to wait.

GL if your still in.

[dibbs] 19/8/2008 00:09

Mercier et Camier,

No worries, no need for apologies.

Looks like you bottom feeding policy could reward you here, or may have rewarded you already if you have managed a buy at the bottom and sell today... It is a method that can pay very well, maybe not as LTBH but even a dead cat bounce can give a good profit and profit is the name of the game.

Good call.

Dibbs

[mercier et camier] 17/8/2008 10:00

Dibbs

Please accept my apologies for the previous post. This is a guy who has everything locked up in EEL which as we all know is currently suspended pending the Nigerian government handing over $2 billion worth of oil and gas assets to that "briefcase company".

It is true that I am bottom fishing at the moment. It has its risks. However it is a strategy that is working for me. When a company reports even mildly disappointing news the market overreacts sometimes plunging the stock up to 80%, this is where I move in. Yes I have picked up some turkeys but my returns so far this year are over 300%. Recent successes are Southern Cross bought at 64 sold at 122. Elan bought at 4.5 sold at 7.2. There are a host of others that have recovered sharply. I am also heavily into OXB and WLW both the subject of bid rumours.

There may yet be further falls in Kurawood for I understand Floors-2-Go has gone to the dogs but these are losses I am prepared to swallow so long as the gains are higher.

Once again sorry for this maniacs outburst.

[dibbs] 16/8/2008 12:22

Lol, nice turn of phrase!

Dibbs

[mercier et camier] 16/8/2008 10:55

Dibbs

Not a lot but in these difficult times the MMs will squeeze the milk from an 80 year old tit.

[dibbs] 16/8/2008 00:47

M&C,

You think there are a lot of T traders in KURA? Can't see it myself.

How much wood has their "main business" sold into the far east, china etc? I read it that the UK market is dead so the new hope is the far east etc. I missed the bit about sales into those regions, looks to me like a shift of focus, with a view to maybe gaining sales whilst having thus far sold nothing.

Can't see the appeals myself.

Dibbs

[mercier et camier] 15/8/2008 20:05

Sparky333

Yes but bought after the 68% fall so not worried at today's events. Their main business (wood) has shifted to the far east, China, Japan, Korea, Taiwan, Vietnam and Australia with the main factory based in New Zealand.

The directors are loaded and will provide funding for non-trading activities (admin) up until September 2009. Capitalised at only £4 million and in an economically growing part of the world there is little that can go wrong.

The shares are illiquid so small buys/sells have a hugely exponential effect. When the MMs have finished choking the life out of the T traders the stock will recover sharply.

[declan2] 15/8/2008 12:35

Looky i didnt bye da otter day