Arcontech Share Discussion Threads

[sdavis] 29/4/2005 14:18

enew

What do you reckon will happen: new equity issue massively diluting current s/holders?

[enewman36] 29/4/2005 13:16

There is always hope but unfortunately time is running out fast!!

[sdavis] 29/4/2005 13:14

rck

I agree 100%. Still hope that they can make this into a £2m t/over company with a 10% profit though: value would be £2m+.

[rcktmn] 29/4/2005 13:04

not looking good.. another cash raising exercise going on..no contract / deals news...no positve cash flow/profit.;; I'm about 70% down so far on this one.. ()... might as well stay in and hope for the best..

[fatgreek] 29/4/2005 11:19

thanks sdavis,

[sdavis] 29/4/2005 10:17

By my reckoning, following the latest fund raising of £240K in December, they had around £350k of cash to finance the business. Assuming they have reduced the cash burn from £520k in the 6 months to December, down to say £400k in a 6 month period, this gave them 5 months of cash.

That takes us to May. No major contract news for some time means that either we need more money or the business is in trouble (or my assumptions are wrong).

Hence the price fall.

[sdavis] 29/4/2005 09:14

The price now reflects the real bid/offer: it had been inflated for the past few weeks with the buys being close to the sell price.

May at last get some trades at quoted prices.

Volume is very low so good news will boost the share price sharply.

[fatgreek] 29/4/2005 09:08

this is pants!

[enewman36] 29/4/2005 09:03

Can't believe this has caused the share price to drop over 30% in 2 days though, must be more to it surely?

[waldron] 29/4/2005 06:29

PARIS (AFX) - Arcelor CEO Guy Dolle said he is "very interested" in the
privatisation planned for this year of Turkish steel producer Erdemir.
In an interview with financial daily La Tribune, Dolle said that "after
Brazil, we hope that 2005 will the year for Turkey at Arcelor."
"The government is going to sign a decree for the privatisation of Erdemir.
The process should start at the beginning of May, with a timetable estimated at
four months."
He said that Arcelor is not prepared to pay over the odds for acquisitions,
but the company "is very interested in this company."
He reckons Turkey has large potential as it currently imports half its flat
steel.
Turning to China, Dolle said Arcelor will increase its presence in the
country should an opportunity arise.
"We are looking to take a majority stake in a local company," he said. "But
consolidation in the Chinese steel sector is initially concentrated between
local groups."
Dolle added that the company will seek an IPO for its Brazilian assets this
summer.
def/jad/jfr

[sdavis] 28/4/2005 17:04

I reckon that they need more cash, so further dilution on the way.

Still holding to see what the turnover has increased to at the year end.

[enewman36] 28/4/2005 16:22

Ouch, now that was a big see, obviously desperate to get rid of them, only got .5 for them.

Should we be getting worried?

[rcktmn] 22/4/2005 11:37

not really.. websites updates get forgotten...Although would've liked to have seen some contracts/deals news...lets hope things have been going well and that results will be good...it could be good or disaster .. who knows! 2 months to wait and find out...

[sdavis] 22/4/2005 11:26

I see that the ARC web site has not been updated with these changes.

Bit concerning!

[maywillow] 20/4/2005 08:24

cheers jwww, you beat me to it.

[johnwwwilkinson] 20/4/2005 08:17

CSFB Sees Steel Production Growth SlowingWednesday, April 20, 2005 2:34:00 AM ET

0629 GMT [Dow Jones] CSFB notes global steel production up 6.5% year on year to March 05, "almost entirely driven by China." Pace of production growth slowing however, thus as Europe and US destocks, sees risk of trade flows rebalancing to Asia and impacting Asian pricing. Forecasts reacceleration of global growth through 05, which would help tighten markets in 2H 05, "especially if western destocking is complete," but visibility poor. Says selected valuations remain attractive, dividend yields "close to coming into play," expects continued volatility short term until macro visibility improves. (PBA)

[fatgreek] 15/4/2005 13:38

ARC Risk Management Group plc (the "Company")
Board Change


ARC Risk Management Group plc announces that, for personal reasons, Mr Robert Whiting has resigned as Chief Executive Officer and as a director of the
Company with immediate effect. The Company wishes to record its thanks to Mr


Whiting for his efforts on its behalf and is pleased to announce that he will remain as a strategic advisor to the Company.

As each of the Company's subsidiaries now operates as an autonomous business with its own management team, Simon Richards has become Executive Chairman and the Board has no current intention of appointing any further executive directors.

Enquiries: Simon Richards Tel: [phone] John Mocatta Tel: [phone]


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

[johnwwwilkinson] 13/4/2005 22:53

Steel maker Arcelor, which is weighing a share buy-back program of up to 10 per cent, gained 1.49 per cent to reach 17.66 euros.

[maywillow] 13/4/2005 09:55

(correcting to show that buyback sought is a renewal of existing authority,
clarifying comments on pricing)
MADRID (AFX) - Arcelor SA said it plans to ask shareholders at its April 29
AGM to renew an existing authority to buy back up 10 pct of its share capital.
In a statement, Arcelor said the price for any buyback would not exceed 30
eur per share.
It said it will also seek authorisation to sell its own shares at a minimum
price of 10 eur.
Buybacks are aimed at boosting the company's share price, as well as freeing
up shares to use for financing any overseas growth operation, the company noted.
In a separate statement, Arcelor affirmed it will pay a gross dividend of
0.65 eur per share against 2004 results on May 2.
[e-mail]
jdy/lam/jms

[maywillow] 13/4/2005 09:10

MADRID (AFX) - Arcelor SA said it plans to seek shareholders' approval at
its April 29 AGM for a share buyback programme affecting up to 10 pct of
capital.
In a statement, Arcelor said the price range for the buyback has been
established at 10-30 eur.
The buyback programme is aimed at boosting the company's share price, as
well as freeing up shares to use for financing any overseas growth operation,
the company noted.
In a separate statement, Arcelor said it will pay a gross dividend of 0.65
eur per share against 2004 results on May 2.
[e-mail]
jdy/lam

[maywillow] 13/4/2005 08:33

Goldman Sachs Steel Picks;Corus,ThyssenKrupp

Monday, April 11, 2005 4:23:16 AM ET
Dow Jones Newswire



0812 GMT [Dow Jones] Goldmans Sachs initiates Corus (CGA) and ThyssenKrupp (TKA.XE) with outperform ratings in European steel sector initiation report. Has cautious view on sector as it expects returns to fall despite rising prices as capex costs increase. Thus favors stocks with "improving or flat returns." Rates Arcelor (5786.FR), Acerinox (ACX.MC) and Outokumpu (OUT1V.HE) in line, Salzgitter and Voestalpine underperform. (PAB)

[rcktmn] 08/4/2005 12:13

Fatgreek... Yes I know what's happening... see my previous post directly above.. we are 2/3 months away from results..(As yr end = 31/3/05) We can't do anything else but wait. In the meantime share price may go down abit or it may go up abit. who knows ?

[fatgreek] 08/4/2005 11:54

i have been in this share for ages , any one knows whats happening,

[rcktmn] 30/3/2005 16:44

cos 2 yrs ago it was 31 July and last yr it was 29June. Based on this I reckon on early July or it could be in the last week or two of June, if we're lucky and if the results are good. Which i think they will be.. (only a hunch)

[xumii] 30/3/2005 11:25

why in july?