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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Fox Marble Holdings Plc | FOX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.35 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.35 | 1.35 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 23/6/2023 08:41 by shearluc For anyone who has hung around after the FOX arbitration party, Eco Buildings is looking very promising & very undervalued. New factory coming on line , Forward order book of $114M plus further orders expected in Chile & Spain.Is a Telegram group at hxxps://t.me/ECOBFOX |
Posted at 13/5/2023 13:24 by doog94 As a long-term holder of Fox I had got to the point of fearing for its very survival but now we can start again with a totally different proposition. One of the major US investment banks identified modular housing as one of its 10 significant investment themes for 2023 and that is precisely where the ECO deal takes FOX. Anyone with a close involvement with the building sector will know of the frustrations of materials supply, costs and construction times. Yet with ECO, the main element of the structure is made in factory, pretty quickly, out of material which is very cheap and easily available throughout the world. It should revolutionise the way large scale housing projects are constructed.Of course, the new management team has to perform and only time will tell on that. And then we have the interesting litigation situation. As was made clear in the 5 May RNS, the record date for entitlement to any net proceeds of the litigation is 6pm on 26 May. There are therefore still 10 trading days during which FOX shares can still be acquired which will acquire these rights. The litigation is against the Government of Kosovo which may have thought FOX, then capitalised at around £4.5m and looking all but bust, as simply an irritation that would eventually disappear. They are now faced with a company with a Cap potentially at £54m based on the Friday close which is a premium of 41% to the pre-suspension price. I suspect they are going to take FOX/ECO a lot more seriously now, especially since the new board has Dr Shala as a NED given his previous role as a member of the Kosovo Government! All in all, a very interesting situation........... |
Posted at 08/5/2023 14:55 by stockhunters 2019"On 4 September 2019, Fox Marble launched United National Commission on International Trade Law (UNCITRAL) arbitration proceedings, against the Republic of Kosovo for damages in excess of €195 million, as a result of the failure of the State to protect Fox Marble's rights over the Maleshevë quarry." |
Posted at 05/5/2023 18:47 by ssrover Fox Marble Holdings - Shareholder Record Date for Kosovan Litigation #FOX Good clarification. To get a share in the pay out, you have to be on th |
Posted at 03/5/2023 10:52 by echoridge Fox Marble – Eco Buildings Group reverse takeover, eventually, moving ahead - STRONG BUYBy HotStockRockets | Wednesday 3 May 2023 Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article. Fox Marble (FOX) has, eventually, announced further details of its proposed Eco Buildings Group reverse takeover along with a proposed further £2.7 million of equity issuance at 55p per share. Exciting times ahead? The pricing is with a prospective effectively 1 for 50.7 share consolidation, with the acquisition consideration an all-share £30 million and the prospective market cap £38.5 million, with the £2.7 million placing funds “to provide growth finance and working capital”. Eco Buildings has a prefabricated modular offering which is up to 50% cheaper, two-thirds lighter and five times faster to build than conventionally built homes and its management has utilised its network in the Balkans to initially secure two contracts that are expected to generate sales revenue of up to €114 million for the first three years following admission. It is added that “Fox Marble's existing building products and operations should deliver revenue synergies when combined with Eco Buildings”. There are clear risks at this stage, including the proposals still to be formally approved and then delivery of the noted revenue-generating activity profitably including with significant boardroom change. However, we’ve already noted multi-million pound profit potential soon after a year and potentially much more on the international expansion. As such, we suggest this is currently attractive on a risk/reward basis even before considering the potential from a €195 million arbitration case against the Republic of Kosovo for current Fox Marble shareholders. Therefore, the stance is STRONG BUY at up to a post-consolidation 60p. For we existing shareholders this could be - with the arbitration - a massive multibagger. For new entrants we still see the potential for a 150p+ share price. |
Posted at 02/5/2023 11:47 by echoridge I believe the litigation proceeds will be segregated for pre-RTO FOX shareholders, victoria - one way might be through some kind of a Special Purpose Vehicle in which you would receive special shares, like 'stub equty' - but you should check with whatever firm holds your shares currently, and have them try and communicate with Fox. The good news is that you have almost a month before the conversion to Eco shares to find out |
Posted at 02/5/2023 11:43 by victoriar1 Not sure from the RNS today what mechanism will be used to ensure that the proceeds of any successful litigation against the Kosovan authorities will be reserved for the current shareholders in FOX, as I think was promised by the FOX Board last year at the time when the RTO was first mentioned. Grateful for confirmation that this remains the intention. |
Posted at 30/4/2023 17:53 by effortless cool More lies, echoridge, you just can't help yourself, can you?So FOX's placing costs are 30.2% or 25.9% of the £2.7m being raised, depending on which of the two figures they provide you believe. echoridge claims this is "standard". But try looking at any other AIM placing and you will find it is far from standard. Let's take SRT, for example, an AIM-listed company that raised £4.9m in a placing in March 2022. The cash flow statement shows: Gross proceeds on issue of shares : £4,919,130 Cost of issue of shares : (£266,828) So the placing costs were 5.4% of the amount raised. Unlike the FOX costs, this is actually a pretty standard level of costs for an AIM-placing. The costs being paid by FOX are ludicrous. |
Posted at 12/12/2022 12:58 by pugugly At last some good news - but minimal in the overall scheme of things.Odds on actually collecting any cash from India? or could the Indian counterparty turn out to be a person/s of straw? 1 December 2022 Fox Marble Holdings plc ("Fox Marble" or the "Company") Fox Marble wins damages and costs of c GBP800,000 re Arbitration Award Fox Marble, the dimension stone company focused on marble quarrying and processing in Kosovo and the Balkans region announces the results of its arbitration proceedings in the London Court of International Arbitration ("LCIA") against a customer based in India. In 2017, Fox Marble signed an off-take agreement with the customer. The parties fell into dispute about their respective obligations under, and the performance of, that agreement. On 13 August 2020, commercial arbitration proceedings at the LCIA were initiated. Following a hearing, on 11 November 2022, the LCIA issued an award in favour of Fox Marble with an award of EUR383,177 in damages plus GBP454,584 in costs. No other issues remain to be determined in the arbitration. Each party now has 28 days to submit corrections and also to seek to challenge the award, subject to which the award is final and binding, and the customer is obliged to carry out its obligations under it. The amounts awarded bears an interest rate of 8% per annum, compounded annually. Fox Marble intend to pursue recovery of these amounts. Fox Marble would like to thank Edwin Co LLP for their assistance in the proceedings. |
Posted at 01/10/2022 20:09 by hedgehog 100 30/09/2022 07:00 UK Regulatory (RNS & others) Fox Marble Holdings PLC Half-year Report LSE:FOX Fox Marble Holdings PlcInterim Results for the six months ended 30 June 2022 Fox Marble Holdings plc (AIM: FOX), the dimension stone company focused on marble quarrying and finishing in Kosovo and the Balkans, announces its unaudited interim results for the six months ended 30 June 2022. Operational Highlights -- The factory output and efficiency has continued to grow in 2022 - with 23,525 square metres of slabs processed in the first six months of 2022 (2021 - 15,222 square metres) and over 9,684 square metres of tile and cut to size material processed (2021- 7,411 square metres). -- Quarry operations have been limited with quarrying being carried only to meet know demand while the block market remains sluggish. The quarries remain in good condition, with significant reserves of dimensional stone. The block marble market continues to falter, as high shipping and energy costs have further damaged the market following the initial Covid 19 shocks. -- Appointment of Sir Mark Lyall Grant as Non-Executive Director to the Company on 4 April 2022. Sir Mark is one of the United Kingdom's most senior public servants, with more than 30 years of experience in leadership, policy making, negotiation and public presentation. -- Fox Marble agreed heads of terms for the proposed acquisition of Eco Buildings Group Limited. Eco Buildings, will design, manufacture, and construct buildings made from glass fibre reinforced gypsum (GFRG) modular sections that capture cost and design efficiencies and advantages in build quality and performance that traditional building methods cannot deliver. -- The proposed acquisition will constitute a reverse takeover pursuant to AIM Rule 14 under the AIM Rules for Companies. Fox Marble intends to undertake a significant capital expansion, including capital reorganisation and change its name to ECO Buildings Group Plc. The proposed acquisition is conditional on, inter alia, certain approvals and a shareholder vote at a General Meeting of the Company. There can be no certainty nor guarantee that the proposed acquisition will complete. Financial Highlights -- Revenue from the sale of processed marble products for the six months to 30 June 2022 increased to EUR0.3 million (H1 2021: EUR0.2 million). -- Losses for the half year were EUR0.8 million (H1 2021: EUR0.6 million), due to costs incurred as part of the RTO process, offset by strict measures to control cost. ... |
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