Arko Share Discussion Threads

[akramms] 21/8/2009 15:21

Nice find damanko, good info. minor buy trades coming through last fews days.

This stock is definitely a buy in my portfolio, especially when they're now in profit and re-opening the quarry mine.

[safman] 19/8/2009 08:40

The Quarry Mine in Fujian, China still in place and profitable to the tune of $1mill..

saffy..

[camy] 07/8/2009 14:14

AGM: did anyone attend ?
Last year the AGM RNS came out 2 days after the AGM.

[akramms] 03/8/2009 16:11

Change of Name this Friday at AGM for Arko Holdings. Also I have no doubt all resolutions will be passed.

This company has made 1 million profit this year, an acheivement compared to losses on previous years.

Hopefully they will also update us on the next 6 months of accounts and most important an update on the quarry mine that they decided to reopen!

[damanko] 26/6/2009 08:55

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.

[safman] 23/6/2009 08:48

they'd probably have to form a partnership, with a bigger player. The power plant was a drain on resources, hence, the help to $1mill profit. Its one of their best results they have had..

saffy..

[zangdook] 22/6/2009 15:11

Where will they get the HK$1.5bln they need to get the mine running?

[safman] 22/6/2009 11:35

yep, $1 mill profit and growing T/O and NAV increasing to $30 mill. I wonder how strategic the fujin quarry mine is with all the chinese construction to go ahead..?

china has huge needs for construction, so bringing the quarry back online, t'will be interesting..

saffy..

[moormoney] 22/6/2009 11:24

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!!!

[safman] 22/6/2009 11:10

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..

[safman] 22/6/2009 10:31

and..

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.


they are bring the quarry project back online..

saffy..

[safman] 22/6/2009 10:25

have not had the time to read through.. $1 mill profit for 08..

saffy..

[safman] 22/6/2009 10:18

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.uk


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 | | | | | |
+------------------------+-------+------------+------------+------------+------------+
| Cash and cash | 17 | 780 | 428 | 2 | 1 |
| equivalents | | | | | |
+------------------------+-------+------------+------------+------------+------------+
| | | 9,020 | 8,864 | 123 | 64 |
+------------------------+-------+------------+------------+------------+------------+
| CURRENT LIABILITIES | | | | | |
+------------------------+-------+------------+------------+------------+------------+
| Trade and other | 18 | 3,907 | 3,606 | 31 | 200 |
| payables | | | | | |
+------------------------+-------+------------+------------+------------+------------+
| Amounts due to | | - | - | 1,916 | 2,299 |
| subsidiaries | | | | | |
+------------------------+-------+------------+------------+------------+------------+
| Obligations under | 19 | 599 | - | - | - |
| finance leases | | | | | |
+------------------------+-------+------------+------------+------------+------------+
| Taxation | | 695 | 1,134 | - | - |
+------------------------+-------+------------+------------+------------+------------+
| | | 5,201 | 4,740 | 1,947 | 2,499 |
+------------------------+-------+------------+------------+------------+------------+
| | | | | | |
+------------------------+-------+------------+------------+------------+------------+
| NET CURRENT ASSETS / | | 3,819 | 4,124 | (1,824) | (2,435) |
| (LIABILITIES) | | | | | |
+------------------------+-------+------------+------------+------------+------------+
| | | | | | |
+------------------------+-------+------------+------------+------------+------------+
| TOTAL ASSETS LESS | | 33,041 | 30,346 | 16,932 | 21,783 |
| CURRENT LIABILITIES | | | | | |
+------------------------+-------+------------+------------+------------+------------+
| | | | | | |
+------------------------+-------+------------+------------+------------+------------+
| NON CURRENT | | | | | |
| LIABILITIES | | | | | |
+------------------------+-------+------------+------------+------------+------------+
| Bank loan | 20 | 1,915 | 1,915 | - | - |
+------------------------+-------+------------+------------+------------+------------+
| Obligations under | 19 | 330 | - | - | - |
| finance leases | | | | | |
+------------------------+-------+------------+------------+------------+------------+
| Loans from fellow | | - | - | - | - |
+------------------------+-------+------------+------------+------------+------------+
| investors in | 21 | 787 | 787 | - | - |
| subsidiaries | | | | | |
+------------------------+-------+------------+------------+------------+------------+
| | | 3,032 | 2,702 | - | - |
+------------------------+-------+------------+------------+------------+------------+
| | | | | | |
+------------------------+-------+------------+------------+------------+------------+
| NET ASSETS | | 30,009 | 27,644 | 16,932 | 21,783 |
+------------------------+-------+------------+------------+------------+------------+
| | | | | | |
+------------------------+-------+------------+------------+------------+------------+
| EQUITY | | | | | |
+------------------------+-------+------------+------------+------------+------------+
| Share capital | 22 | 14,922 | 14,922 | 14,922 | 14,922 |
+------------------------+-------+------------+------------+------------+------------+
| Reserves | | 2,010 | 687 | 2,010 | 6,861 |
+------------------------+-------+------------+------------+------------+------------+
| Total equity | | 16,932 | 15,609 | 16,932 | 21,783 |
| attributable to | | | | | |
| equity shareholders | | | | | |
+------------------------+-------+------------+------------+------------+------------+
| Minority interest | | 13,077 | 12,035 | - | - |
+------------------------+-------+------------+------------+------------+------------+
| TOTAL EQUITY | | 30,009 | 27,644 | 16,932 | 21,783 |
+------------------------+-------+------------+------------+------------+------------+
| | | | | | |
+------------------------+-------+------------+------------+------------+------------+

[akramms] 06/5/2009 13:29

I have contacted Arko Holdings and they says results to be announced early June, hopefully sooner!

[moormoney] 23/4/2009 01:17

hang on I'll blow the dust off mine--I'd be amazed if there's good news coming but results in june I think. lol

[damanko] 22/4/2009 16:38

Akramms, I have to say that you're an optimist, nothing wrong with that. As a holder of several years vintage, I have to say that I am more optimistic that Norwich City will be in the Champions League the season after next............

Why are you buying?

[akramms] 22/4/2009 10:31

Anyone know when final results are to be announced?

Note: the 0.43 are buys and not sells as stated in ADVFN, one of these are my trades.

[topvest] 08/10/2008 12:23

Obviously sold mine a tad early! Oh well.

[topvest] 06/10/2008 17:52

Dumped all of mine today. Too good an opportunity to get out at a small profit in today's markets. You could only sell at c0.05p a couple of days back and now over 0.3p. Good luck to those that remain.

[davidlloyd] 06/10/2008 17:12

This is performing well in a very volatile climate.

DL

[safman] 02/10/2008 10:23

yep, certainly better than the previous nomad.. spread is a little misleading, as buys @ full ask and sell @ 0.18p..

saffy..

[topvest] 01/10/2008 20:04

Daniel Stewart are a decent NOMAD as well.

[safman] 01/10/2008 18:38

Arko Change of Adviser




RNS Number : 8643E
Arko Holdings PLC
01 October 2008


Arko Holdings plc

("Arko" or "the Company")

Change of Adviser

The Board of Arko Holdings plc (AIM:AKO.L), a company whose core business is the
operation of a shipping terminal and shipping
logistics based in Guangzhou, China, is pleased to announce that it has appointed Daniel
Stewart & Company plc as its Nominated Adviser and
Broker, with immediate effect.

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.uk

[safman] 01/10/2008 18:36

yep good news.. no suspension, no.. delisting.. v. good ..

saffy..