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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Asia Resources | LSE:ASR | London | Ordinary Share | GB00B19RCP76 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.75 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
23/11/2009 11:08 | Mike Wait until later and you will see a huge sale around 1p ! | 21simthy | |
23/11/2009 11:06 | This share was on it's 52week high Friday and then today it falls to it's 52week low on nothing... very good buying opportunity IMHO. GLA | mike_f | |
23/11/2009 11:01 | No reason from what i can see, looks like it was made to accomodate 2 large 500k Buys... last results look good as well... can see this having a good strong bounce back up! GL | mike_f | |
23/11/2009 11:00 | Hi Mike why the drop? | quinan | |
23/11/2009 10:45 | Buys coming through @ 3.7p now, can't believe there is no interest here!? | mike_f | |
23/11/2009 10:34 | Post on LSE: look at 2 year chart, 50 day moving base, and 3SMA graph type..........notice how it was getting very bullish @ c.5.00p, with great support, so you are right that this 45% drop is very suspicious | mike_f | |
23/11/2009 10:31 | 500k Buy @ 3.5p! Ticking back up! | mike_f | |
23/11/2009 10:24 | Ticking back up... 3p-3.5p GLA | mike_f | |
23/11/2009 10:17 | i can't see a reason for the fall and the company turned a profit on the previous results... looks like the share price was dropped just to accomodate a large 500k buy!? GLA | mike_f | |
23/11/2009 10:10 | Chairman's statement I am pleased to announce the interim results of Asia Resources Plc ("Asia Resources"), for the six months ended 30 June 2009. The unaudited interim results for the six months ended 30 June 2009 show a profit before taxation of MYR 2,693,000 and a profit after taxation of MYR 1,546,000 (2008 : MYR 2,028,000). The basic and diluted earnings per share were 1.03sen (2008 : 1.35sen). The balance sheet shows net assets of MYR 58,245,000 (2008 : MYR 55,267,000). The Group's subsidiary, LS Gold Bullion Sdn. Bhd. ("LSJ" formerly known as Lin Shoon Jewellers Sdn Bhd) has seen sales growth of 20%, partly as a result of the rise in gold prices but predominately from higher physical gold volumes. Gross profit has been maintained in the face of depressed processing margin, which we believe have bottomed out. The board has identified opportunities for enhancing margin with the creation of a bespoke, branded product. Group cash generated from operations has increased from MYR 1,047,000 in 2008 to MYR 4,501,000 in 2009 and cash from operating activities is now positive at MYR 2,073,000 (2008 negative MYR 2,010,000). In the six months ended 30.06.2009 LSJ has invested just under MYR 6 million in new plant and machinery for the manufacture of higher margin gold products to support the Group strategy of margin enhancement. The Company is currently investigating projects that will assist in sourcing more raw product and continues to seek investment opportunities in the gold and related industries. | mike_f | |
23/11/2009 10:05 | What's the reason for the fall? Just to purely accomdate the 500k buy? Looks like this may be in for a bounce... GLA | mike_f | |
26/10/2005 19:07 | You should however take comfort in that the ex-mgt will presumably have had to cough up some of their own funds to purchase the old company/assets. Given their previous record I would guess that whilst they may be able to draw a salary, I can't imagine that they'll make this a successful venture. At the end of the day they'll be answerable to either the banks, or more worringly the wifes ! | flackwell-raineri | |
26/10/2005 10:20 | Trevor, "I don't recall at any time seeing any figures showing exactly what trouble the company was in. Apart from an RNS stating that the company shares were to be suspended, no reason given." Are you sure you've been following the right company? The published accounts showed substantial trading losses at each period; the last balance sheet showed shareholders' net funds of a mere £66k; they put out several trading statements warning of difficulties and eventually went into adminstration because they ran out of cash (i.e. their income did not cover their expenditure) and nobody was prepared to lend or invest more to bale them out. I would have thought their demise had a surprise factor of 0. Regards, Ian | jeffian | |
26/10/2005 08:39 | Another AIM company rip-off. It looks like the management team are able to buy the whole company for £100K. I don't recall at any time seeing any figures showing exactly what trouble the company was in. Apart from an RNS stating that the company shares were to be suspended, no reason given. One could guess that it's because of unpaid bills for work done, but no official explanation what so ever. So the management team are able to pick up the whole lot for a knockdown price, presumably including existing contracts, and carry on trading. Meanwhile existing shareholders get nothing. There must be a law against this?? Thats it for me with AIM shares, and I shall be adding the names of the management buyout team to my list of directors to avoid when I buy shares in the future. | trevor1959 | |
25/10/2005 11:35 | Might be life in the old dog but as usual the shareholders have the bone with no meat on it. It will not be coming back to the market!!!! | jda | |
25/10/2005 11:23 | THere is like in this old dog yet!! | enewman36 | |
25/10/2005 11:21 | Company assets were today aquired by management , in a new guise, for 100K sterling. | hectorp | |
10/8/2005 18:54 | well i ve had 3 companies go bust on me so if anybody sees me on a bb regarding a stock they hold then sell,sell before i curse ur money away | wiseghai | |
10/8/2005 16:47 | Sorry to harp on but it's time to LEARN and move on, G, particularly if you say this has happened to you before. The failure wasn't caused by their customers not paying and it was also not caused by contract delays, although that would have been the catalyst for banks finally pulling the plug. Even if all the prospective contracts had been entered into, ASR would have struggled to achieve breakeven let alone go on doing it year after year. Regards, Ian | jeffian | |
10/8/2005 16:27 | pictureframe - 3 May'05 - 10:05 - 3102 of 3255 edit looks like they have blown the 500,000 already and looking for more cash. Another company that should be struck off imho Well that lasted longer than I thought. Sorry for those that lost out | pictureframe | |
10/8/2005 16:20 | I was referring to the contract delays... "On 3 May 2005 the Company announced that they had been experiencing delays to certain of their present contracts and that prospective orders had slipped into the next financial year. The contract delays have caused the Company's financial position to deteriorate significantly since the announcement." Anyway it's all immaterial now. Time to move on. | gantenbrink | |
10/8/2005 16:12 | Gantenbrink, ASR didn't fail "because other companies have failed to pay their bills", it failed because it never built its turnover to a point where its gross profit covered its overheads. Regards, Ian | jeffian |
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