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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Arko Hldgs | LSE:AKO | London | Ordinary Share | GB0003754743 | ORD 0.5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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| 0.00 | 0.00% | 0.425 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
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| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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| - | O | 0 | 0.425 | GBX |
Arko (AKO) Share Charts1 Year Arko Chart |
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1 Month Arko Chart |
Intraday Arko Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 21/8/2009 | 15:21 | ARKO - Holdings... | 200 |
| 24/6/2007 | 20:53 | Ignore me please | 9 |
| 16/3/2006 | 10:59 | Arko with Charts & News | - |
| 20/4/2005 | 12:27 | AKO . Where to next ? | 241 |
| 15/7/2004 | 15:15 | ARKO MONEY IN THE BANK | 89 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 26/6/2009 08:55 by damanko Found some loose change in my dealing account this morning. So bought a few more, my overall buying price (since 2003.....) now seems a little less silly. But just a tad.Still have very little in the way of hope, in terms of ARKO - going forward, but I suppose it's fun. Is the main holder out of prison yet, anyone know? Must remember to look in another 5 years or so. Ho hum. |
Posted at 22/6/2009 11:24 by moormoney much improved results it seems we are on firm ground now and the only way is up! I'm sure it will be a very long haul but I'm now tempted to average down a bit as the shipping is looking better and the mining is good news as construction is booming in china. I don't now feel my money has gone down the drain--well done ako board for turning a disaster around back from the brink!!! |
Posted at 22/6/2009 11:10 by safman from the ako website..3. Fujian Quarry Mining Fujian Sanko Mining Limited was incorporated as a sino-foreign joint venture company in 2001 with approval from the People's Government of Fujian Municipal and registered at the State Administration for Industry and Commerce of China. Arko Holdings plc is the majority shareholders of Fujian Sanko holding a 70% equity interest. The estimated capital expenditure of Fujian Sanko Mining is approximately HK$1.5 billion and its operation mainly on raw construction and foundation materials i.e. rough rocks and artificial sand production. The project has not yet operated. saffy.. |
Posted at 22/6/2009 10:18 by safman TIDMAKO RNS Number : 2580U Arko Holdings PLC 22 June 2009 ? Arko Holdings plc ('the Company' or 'Arko') Annual Results The Board of Arko announces the results of the Company for the year ended 31 December 2008, which are set out below. These have today been published and despatched to shareholders. Copies of these financial statements will be available from the offices of Daniel Stewart & Company Plc, Becket House, 36 Old Jewry, London EC2R 8DD. A copy will also be available on the Company's website www.arkoholdings.com The AGM will be held at the offices of Baker Tilly LLP at 2 Bloomsbury Street, London WC1B 3ST on 7 August 2009 at 12:00 noon. For further information: Angela Leung Tel: + 852 2219 9999 Arko Holdings plc www.arkoholdings.com Paul Shackleton Daniel Stewart & Company plc Tel: + 44 (0) 207 776 6550 www.danielstewart.co cHAIRMAN'S STATEMENT I am pleased to report that 2008 was a year of progress. Despite the global recession, I am delighted to report to shareholders a profitable result for the financial year ended 31 December 2008. Overall revenues from continuing operations, which are now made up exclusively of terminal operations and barging services grew to US$14.3m from US$10.9m in 2007, a 31.7% increase. Keen Chance Terminal revenues grew by 23.6% to US$12.3m (2007: US$9.9m) and Arko Shipping grew its revenues by 75.8% to US$2m (2007:US$1m). Keen Chance Terminal maintained its long term average of approximately 23% of the revenue generated by the Group in the period. Our gross margin was US$4.5m (2007: US$2.9m), representing a 54.1% increase in spite of difficult economic conditions. Depreciation charges of US$0.6m (2007: US$0.8m) exclusive of those charged to cost of sales, have decreased as no depreciation has been charged in respect of the power plant. Consequently, the profit for the year for continuing operations before taxation was US$1m (2007: loss of US$11m). During 2008, the Company's net assets increased by US$2.4m to US$30m (2007: US$27.6m). The most significant contribution to this increase was the acquisition of new plant and equipment with a value of US$3.2m. As of 31 December 2008, the cash position continued to improve at US$0.8m (2007: US$0.4m). Net cash generated from operating activities for the period was US$2.8m. Net cash of US$0.3m was applied in the repayment on finance leases and the interest incurred and this is expected to recur in the next financial year DIVIDENDS The Board does not recommend the payment of a dividend (2007: US$nil). OPERATIONAL REVIEW Despite the global recession, and with a modest level of revenue growth from our core businesses, we have now established solid foundations enabling us to progress towards our strategic goal of expanding our barge services provision in the Pearl River Delta and the diversified operation of the container terminal. Since the shutdown of the power plant, the overall performance of the Group has improved due to the fact that the loss contributed by the power plant has now been eliminated. I believe that we are now benefiting from being able to focus solely on the achievement of our strategic goal. Keen Chance Terminal In the early part of the second quarter of 2008, Keen Chance Terminal rented a new depot near the container terminal with an area of approximately 13,000m2. The new depot has a handling capacity of 3,500TEU which enables the terminal to increase its handling efficiency at the main depot and results in the overall increase in throughput during 2008, which was 0.34m TEU (2007: 0.27m TEU), representing an increase of 26% on 2007. Keen Chance Terminal continues to invest in infrastructure, machinery and facilities with the aim of increasing its handling efficiency. In 2008, a new rail-mounted gantry, three sets of front loaders and two sets of reach stackers commenced operation. In early 2009, the management decided to demolish the oil tanks located in the adjacent quay so as to expand the area of the main depot as well as to allow the extension of the adjacent quay. As a result of its efforts Keen Chance Terminal is now the third busiest terminal of the Second Class Harbour (non Deep River Harbour) within Huangpu District. Arko Shipping The barging service business performed well in 2008. The reduction in bunker prices as well as the successful pursuit of container cargo agreements with worldwide liner companies such as K-Line, NYK and Wan Hai Lines, were the major reasons for the growth in turnover and profit margin. As I said in my Chairman's Statement for 2007, the Group will continue to invest in the shipping logistics business by means of chartering and buying new river trade vessels. In September 2008, a container vessel with deadweight and carrying capacity of 1,157 MT and 1,350 MT respectively commenced operation. OUTLOOK The current global economic environment continues to impact import and export activity and demand is likely to continue to be weak. Arko is not immune to these factors, in particular the export cargo handling in Keen Chance Terminal. We anticipate a challenging period ahead in the remainder of 2009 and 2010 for all our businesses, but our relative success in 2008 leads us to believe we are well placed to meet these challenges. Existing Businesses We face the challenges of the current economic situation with a much better balanced business, efficiently managed and with stronger positions in our chosen sectors, where long term growth will continue. In response to the downturn in the container export trade, we have reduced our reliance on export customers and expanded our customer base in domestic trading. In recent months, the Chinese government has implemented a number of measures and incentives to stimulate domestic demand, from which we expect to benefit. As I have said, we will continue to invest in infrastructure, machinery and facilities in the terminal. The extension of the adjacent quay is now underway. After completion we will have a quay length of about 500 meters providing berths for 8 ships with a capacity of up to 1,000MT, served by existing and new quay cranes. Additionally, we expect to continue the procurement of front loaders and reach stackers by means of lease finance so as to satisfy the handling capacity in the depot. It is anticipated that the existing depot will expand to cover the area adjacent to the entrance of the main depot and we hope to conclude negotiations with the relevant party by the end of 2009. When completed a total area of approximately 50,000 m2 could be used as our backup depot which will significantly increase our handling capacity, in particular it will strengthen our ability to pursue the empty container handling business with the worldwide liner companies. In my interim report for 2007, I told shareholders that a delay for the delivery of the new 45 tonne quayside container crane was anticipated. We now expect that the crane will be delivered to us by no later than end of July 2009. Our past experience has shown that the terminal operation business has brought a synergistic effect to the barging service business. In 2010, our focus will be on expanding the feeder service to different districts within the Pearl River Delta and to reduce reliance on the Huangpu to Hong Kong and return route. To achieve this objective, we expect to increase from five container vessels to ten by way of chartering. In view of the uncertain economic climate, the Board does not intend to invest its capital in building new vessels in the short term. The Board believes Arko's progress in recent years, together with its reputation in efficiency in the market, an excellent team, and ongoing tight cost control will position the Group well for continuing success. The Quarry Mine in Fujian, China In my Chairman's Statement for 2004, I told shareholders the quarry mine project in Fujian could not move ahead due to a shortage of funds. In recent months, greatly improved relations between Taiwan and mainland China has provided opportunities for increased commercial activities within the Strait. Taking advantage of the quarry`s location, the management has decided to resume this project and has successfully renewed its business license and its mining rights. The board will keep shareholders updated on the progress of the project. Changing the Company and its subsidiaries' name Since the container vessels now in operation were named by numbering as Ying Gao 301, 302 etc, a resolution will be proposed at the Annual General Meeting to change the name of the Company to "Yinggao Holdings plc". Similar name changes will be made in subsidiary companies. The Board believes that the change will help the Group to build up a brand name and establish a strong image in the market. The Board will continue to act in the best interests of our shareholders and ensure the Group is positioned to continue to grow. The Board believes the Group is well placed to meet the challenges ahead and views the outlook for the remainder of 2009 with confidence. APPRECIATION The Board would again like to thank all staff for the commitment, professionalism and loyalty they have shown during the last twelve months. Qin Shun Chao Chairman CONSOLIDATED INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2008 (Expressed in United States dollars) +------------------- | | | | | +------------------- | | Notes | 2008 | 2007 | | | | US$ | US$ | | | | '000 | '000 | +------------------- | | | | | +------------------- | REVENUE | 4 | 14,300 | 10,860 | +------------------- | | | | | +------------------- | Cost of sales | | (9,850) | (7,972) | +------------------- | | | | | +------------------- | GROSS PROFIT | | 4,450 | 2,888 | +------------------- | | | | | +------------------- | Other income | 5 | 155 | 605 | +------------------- | | | | | +------------------- | Administrative expenses | | (3,114) | (4,041) | +------------------- | | | | | +------------------- | Impairment of property, plant and | | - | (1,131) | | equipment | | | | +------------------- | | | | | +------------------- | Impairment of goodwill | | - | (9,010) | +------------------- | | | | | +------------------- | PROFIT/(LOSS) FROM OPERATIONS | | 1,491 | (10,689) | +------------------- | | | | | +------------------- | Finance costs | 6(a) | (176) | (120) | +------------------- | | | | | | +------------------- | PROFIT/(LOSS) BEFORE TAXATION | 6 | 1,315 | (10,809) | +------------------- | | | | | +------------------- | Taxation | 7 | (247) | (142) | +------------------- | | | | | +------------------- | PROFIT/ (LOSS) FOR THE YEAR FROM | | 1,068 | (10,951) | | CONTINUING OPERATIONS | | | | +------------------- | | | | | +------------------- | LOSS FOR THE YEAR FROM DISCONTINUED | 4 | - | (21,288) | | OPERATION | | | | +------------------- | | | | | +------------------- | PROFIT/(LOSS) FOR THE YEAR | | 1,068 | (32,239) | | +------------------- | | | | | +------------------- | Attributable to: | | | | +------------------- | | | | | +------------------- | Equity holders of the parent Company | | 360 | (31,275) | +------------------- | | | | | +------------------- | Minority interest | | 708 | (964) | +------------------- | | | | | +------------------- | | | 1,068 | (32,239) | +------------------- | | | | | +------------------- | | | | | +------------------- | | | US cents | US cents | +------------------- | EARNINGS/(LOSS) PER SHARE - Basic and | 10 | | | | fully diluted | | | | +------------------- | - From continuing operations | | 0.02 | (0.50) | +------------------- | - From discontinued operation | | (0.00) | (1.08) | +------------------- | | | | | +------------------- | | | 0.02 | (1.58) | +------------------- | | | | | +------------------- BALANCE SHEETS AS AT 31 DECEMBER 2008 (Expressed in United States dollars) +------------------- | | | | | | | +------------------- | | Notes | 2008 | Group | 2008 | Company | | | | US$'000 | 2007 | US$'000 | 2007 | | | | | US$'000 | | US$'000 | +------------------- | NON-CURRENT ASSETS | | | | | | +------------------- | Goodwill | 11 | 1,835 | 1,834 | - | - | +------------------- | Property, plant and | 12 | 27,375 | 24,376 | - | - | | equipment | | | | | | +------------------- | Investments in | 13 | - | - | 18,756 | 24,218 | | subsidiaries | | | | | | +------------------- | Available-for-sale | 14 | 12 | 12 | - | - | | investments | | | | | | +------------------- | | | 29,222 | 26,222 | 18,756 | 24,218 | +------------------- | CURRENT ASSETS | | | | | | +------------------- | Inventories | 15 | 137 | 124 | - | - | +------------------- | Trade and other | 16 | 8,103 | 8,312 | 1 | 63 | | receivables | | | | | | +------------------- | Amounts due from | | - | - | 120 | - | | subsidiaries | | | | | | +------------------- |
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