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ICMI Intl. Cons. Min

5.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Intl. Cons. Min LSE:ICMI London Ordinary Share KYG4839H1386 ORD USD0.001 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 5.50 0.00 01:00:00
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 5.50 GBX

Intl. Cons. Min (ICMI) Latest News

Real-Time news about Intl. Cons. Min (London Stock Exchange): 0 recent articles

Intl. Cons. Min (ICMI) Discussions and Chat

Intl. Cons. Min Forums and Chat

Date Time Title Posts
20/8/200916:32massive upside22
16/11/200804:50Massive Potential9

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Intl. Cons. Min (ICMI) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Intl. Cons. Min (ICMI) Top Chat Posts

Top Posts
Posted at 19/8/2009 13:47 by heno614
Fox-Davies had these with a target price of £1.95p, shows how good their research is !
Posted at 04/7/2008 04:19 by pejaten
The project looks ok, but the trouble with this company is a) the financing and b) the desire of the directors to take out as much as they can even before the project starts producing. on July 2 the directors bought 60,000 shares but this is nothing when set against what they have extracted from the company (see the results).
On the financing, for the first time we see that virtually anyone who could elected to vote for the acquisition and then also for redeem. This has meant that the company really urgently needs to be urgently refinanced. Why should anyone in the current climate do this at the current price? This means that the outlook for the warrants must be grim, because the scale of the re-financing is going to need to be massive and will be far below the level at which the warrants are in the money (GBP3,00).
Hence, with reluctance my conclusion is that it is better to wait for re-financing before committing anything.
Posted at 07/2/2008 14:55 by kenmitch
Best way of playing this one is via the warrants imo.

Spread is even wider than on the shares, but the upside is around 6 times faster.

Exercise price is $6 - roughly £3 at current exchange rate. For some reason they didn't change the exercise price to sterling when switching to trading the shares in sterling from dollars.

Warrant expiry date is March 2010 - which gives plenty of time.

Hard to know whether recent positive articles - e.g in Shares Magazine are to be taken seriously. Ditto that rumour of the day in The Times. The same applies to the FD Capital share price target of 747p.

But should the shares get to £7.47 or better still even higher then the warrant price should go to around £4 compared with less than 50p now. That's ignoring changes for the better or worse in the $/£ exchange rate.So the warrant could go even higher or a bit lower for that £7.50 ish share price. In the unlikely event of the shares going even higher then so will the warrants - £9 for the shares - triple the current price as suggested in the Shares Magazine article - would see a warrant price around £6, or 12 times the current warrant price.

Like the shares the warrants tend only change in price on news - apart from a recent rise in the warrant price following bullish posts on Mike Walters website which led to a few buys. i.e both shares and warrants tend to stay unchanged for days or even weeks on end, even on big up and down days generally.

Warrants are traded the same as shares - code is ICMW. A risk form usually has to be signed before you can trade them.

The risks are not that great. The warrants will only perform badly if the shares do. If the shares are under the $6 exercise price by 2010 expiry then they will eventually expire worthless, but they can be bought and sold again any time up till then.

Buy £1000 worth of warrants for the same cash upside as £6000 or so invested in the shares. Assuming you operate stop losses on losing shares, then a 20% stop loss sale on that £6000 on the shares will lose £1,200 whereas the most that can be lost on the warrants is £1,000. Or even less if deciding only to stake £500 - the equivalent of staking around £3000 on the shares.

Warrants are well worth a look. I doubt if more than a couple will see this post and then try to buy them. If several buy, or sell, at once then the warrant price will move up or down as a result as warrants are traded by so few - mainly a few clued up private investors. In the end though whether the warrants do very well or badly depends on how the shares perform. If the shares can rise even to £4 the warrants should near enough double.

Edit. For some reason - possibly because they are not Crest settled - not all brokers seem to be able to let their clients trade these. They are not that difficult to buy otherwise and they can be traded online with TD Waterhouse and probably with other brokers too.
Intl. Cons. Min share price data is direct from the London Stock Exchange

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