Kurawood Share Discussion Threads

[mjcrockett] 03/1/2008 22:32

Dibbs,

Could well have been ASC - I bought in around 5p and sold much too soon. If only.....

MJ

[dibbs] 03/1/2008 22:12

Hi MJ,

I guess that with the markets as they have been, good news falls on deaf ears! Considering KURA's green credentials it is even more surprising.

Certainly the results statement gives good hope of regular newsflow. The volume is picking up and the chart looks a bit healthier, maybe news around the corner?

OT were were you in ASC from the very early days? Trying to remember where I used to see you posting before.

Dibbs

[mjcrockett] 03/1/2008 14:58

Agree with you Dibbs. I would have thought that the contract news followed by the director buys would have moved these up sharply.

In the results statements the company spoke of further possible contracts once potential customers have tried out samples of the product. I would have thought it would not be long now before we heard of any such new deals. The fact that they are ramping up production to much higher than originally planned suggests they are confident.

MJ

[dibbs] 03/1/2008 13:58

I'm surprised that there is not more interest in this stock at the moment given the sector and the progress so far. Scaling production up, seems fairly straight forward and not too intensive on capital either, lowering the risk of too many fund raisings in the future. Recent director buys and the UK distributor appointment certainly inspiring further confidence.

I'm in for a few today, hoping that the chart is pointing northward again.

Plenty for KURA still to do but these could really motor if the management perform strongly IMO.

Dibbs

[mjcrockett] 27/12/2007 09:26

ammons, I believe that the forecast you refer to was made before they signed up their first distributor and upped their planned production rate.

MJ

[ammons] 27/12/2007 09:15

They got a "buy" rec in Investors Chronical on 14 December at 106p. Didn't make the slightest difference though. The write up has EPS to Sept 08 @ 17.1p and EPS to Sept 09 @ 34.1p. Those figures came from the house broker St. Helens Capital.

[mjcrockett] 06/12/2007 10:15

Sharescope shows broker forecast for KURA as follows:-

Year to 1/9/08

Profit: £4.0m
EPS: 17.10
T/o: £17.7m

Year to 1/9/09

Profit: £8.40
EPS: 34.10
T/o: £28.7m

Year to 1/9/10

Profit: £15.6
EPS: 63.60
T/o: £43.0m


This all sounds very optimistic. However, when you look at today's first deal, which should be worth several million, it seems very possible. Particularly when they plan to ramp up production to 60,000 m3 by mid 2008.

Does anyone have access to the broker forecast?

MJ

[mjcrockett] 06/12/2007 08:19

In their admission document Kurawood say that "The targeted wholesale price for Vecowood® is £650 per m3 to £750 per m3. So a minimum 20,000 m3 per year is a pretty good deal! Particularly as Robbins say this will be easily achieved.

MJ

[crosswire] 05/11/2007 17:06

Shares in Issue

As of 18th September 2007, the number of ordinary shares in issue is 17,000,000 of £0.01 each and, insofar as Kurawood is aware, the percentage of AIM securities that is not in public hands is 58.22% or 9,897,825 ordinary shares.

Major Shareholdings

As at 18th September 2007, the Company is aware of the following shareholders holding 3 per cent. or more of the issued share capital of the Company:



Fox Capital Ltd 28.04%
Peter McArthur 10.04%
Ian Macrae 10.04%
RAB Capital PLC 10.00%
Graeme Fraser 5.02%
Romin Tehrani 3.84%
Kevin Fraser 3.32%

[indalo] 05/11/2007 14:21

This is such a tight market, price highly reactive so I would expect 150p+ at the merest provocation!

[crosswire] 05/11/2007 13:45

Date : 04/11/2007 @ 13:21
Source : TFN


Thomson Financial UK at a glance share guide - weekend




LONDON (Thomson Financial) - MARKETS



Guardian
Market forces: Kurawood (overhang of shares from original investors cleared; it has been making presentations this week at the Interbuild exhibition at
Birmingham's NEC and dealers believe a series of new orders could follow)

[indalo] 05/11/2007 12:45

I bought this first thing this morning, and again just now. This is basically a "jam tomorrow" stock, but it has a LOT going for it in the very short term.

- Firstly, it is difficult to value the business, which means there is nothing stopping a stratospheric re-rating. A market cap' of £50m would not surprise me in the least.

- Secondly, they have raised cash, and are adequately funded for development. That removes a major risk/obstacle to buying the shares.

- The market they are targeting is huge, and even moderate inroads would justify a far higher valuation.

- Having just floated, there is very little chance of a negative press release in the short term.

- The stock is up 10% today, and no comments here. That would imply a lack of "hot money" involved. As investors wake up to this, the share price should rise rapidly.

Friday's rally was on the highest volume so far for the stock (apart from the day they floated), and we are now in uncharted territory with no historical price resistance.

All in all, I expect this could reach 150 - 175p over the next few weeks.
All IMHO, DYOR etc..

[grupo guitarlumber] 03/11/2007 12:46

October 29, 2007 06:59 AM Eastern Daylight Time
Kurawood Launches Hardwood Alternative
at Interbuild 2007
Flooring, Stairs, Furniture And Mouldings
Crafted Exclusively From Organically Modified Softwood To Match
Hardwood For Beauty And Performance


Interbuild 2007
Stand G105, NEC Hall 5
BIRMINGHAM, England--(BUSINESS WIRE)--Kurawood plc, is launching a range of wood products crafted from VECOwood®, the world's only softwood that has been organically modified to match the beauty and performance of hardwood. The announcement was made today on Stand G105, NEC Hall 5, at Interbuild 2007, the UK's building trade show.

VECOwood® is created by impregnating timber with a simple organic, proprietary non-toxic formulation that, once cured inside the timber, adds colour and strength all the way through to deliver performance usually associated only with hardwood timber.

"Builders have always favoured hardwoods such as oak and mahogany because of their durability and natural beauty. But this demand has had a devastating effect on tropical forests," said Roy Tilleard, chairman of Kurawood, plc. "Now we are offering a real alternative that gives all the benefits of hardwood without plundering the environment."

Only sustainable fast-growing plantation timber is used to make VECOwood® meaning that there is an almost endless supply of premium timber to craft Kurawood products. VECOwood® can be created from a number of timber species and only sawn and graded timber is used. The formulation used to create VECOwood® is based on simple organic compounds which have none of the harsh side effects of many timber treatments.

In addition, VECOwood®'s manufacturing methodology means that Kurawood products have:

1. a distinctive knot-free finish

2. unparalleled consistency in weight and colour

3. superior performance to many traditional species, so you get cherry with the strength of oak

4. improved dimensional stability due to moisture resistance, and

5. superior finish due to improved ability to glue, machine and coat the wood.

The VECOwood® process consists of a non-toxic water-based and water thin formulation which is impregnated into the timber. The VECOwood® formulation, consisting of a natural vegetable oil and resin together with other modifiers and polymerising agents, forms a rigid, insoluble polymer within the wood cells which mimic and enhance the properties of the source timber.

The impregnated timber is then kiln dried at specific rates for the VECOwood® formulation to cure. As a result, a number of physical and aesthetic properties of the wood are improved as the formulation reacts with the timber chemically. These include dimensional stability, hardness, strength and machineability among other benefits.

Notes to editors:

VECOwood® is exclusively available from Kurawood PLC, the AIM listed wood modification specialists that acquired the VECOwood® technology in September 2007.


Contacts
Media Contact:
Strive Public Relations Limited for Kurawood plc
Sherrilynne Starkie, [phone]
www.strivepr.com
or
Sales Contact:
Kurawood plc
Kevin Fraser, Sales & Marketing Director
[phone]
[e-mail]
www.kurawood.com

[davey3] 02/11/2007 16:22

Decent rise today. They held a series of institutional meetings on wednesday which has lead to this demand so it looks very interesting now

[grupo guitarlumber] 25/10/2007 15:18

Kurawood Holding(s) in Company




KURAWOOD PLC HOLDING(S) IN COMPANY The Board of Kurawood plc (the "Company") received notification that RAB
Special Situations (Master) Fund Ltd had an interest in 1,700,000 ordinary
shares in the Company representing 10 per cent. of the Company's issued share
capital.
Contact:Kurawood plc 01624 823579

Justin Martin, Chief Financial Officer

City Financial Associates Limited 020 7492 4777

James Caithie END













Kurawood Holding(s) in Company




KURAWOOD PLC HOLDING(S) IN COMPANY The Board of Kurawood plc (the "Company") received notification that MD Barnard
& Co Ltd had an interest in 514,000 ordinary shares in the Company representing
3.02 per cent. of the Company's issued share capital.
Contact:Kurawood plc 01624 823579

Justin Martin, Chief Financial Officer

City Financial Associates Limited 020 7492 4777

James Caithie

St Helen's Capital plc 020 7628 5582

Ruari McGirr/Mark Anwyl END

[kumamkubwa] 18/10/2007 17:03

Has anybody seen this product on sale anywhere in the UK yet?

[ariane] 28/9/2007 07:13

Kurawood Total Voting Rights


KURAWOODPLCTOTAL VOTING RIGHTS AND CAPITALIn conformity with the Financial Services Authority's Disclosure and
Transparency Rules, Kurawood plc ("Kurawood") gives notice that its voting
capital consists of: Ordinary Shares Nominal Value £ Ordinary Shares
held in Treasury

17,000,000 1p 170,000.00 - As Kurawood does not hold any ordinary shares in Treasury its total number of
voting rights equals its capital.
The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, Kurawood under the FSA's
Disclosure and Transparency Rules.
Enquiries:

James Caithie, City Financial Associates Limited Tel: [phone]

Ruari McGirr/Mark Anwyl, St Helen's Capital plc Tel: [phone] END

[gwr7] 19/9/2007 19:30

Completely agree that valuation can't possibly be based on past performance but note that they name Accys as a competitor. Accys is working up to producing 30,000 cubic metres. Kura will spend money on doing the same. Accys is looking to double capacity. Kura's factory can go up to 66,000. Essentially they're current capacities aren't far apart. Accys are further down the line with licensing deals so there's a strong argument for giving them a higer valuation.
But Accys is valued near £400m. If PG Industries was any good do you really think a basket case company on the other side of the world would be able to snap them up for just over £4m? Sorry but it doesn't make any sense to me. That's not to say I thing Accys is correctly valued. It's fitting that they're now quoted in the land of Tulip mania. The Kurawood prospectus notes that the Accys technology is not new or revolutionary and is encased in a well established body of knowledge developed over the last century.

[davey3] 19/9/2007 09:33

With respect GWR you are not buying this on past performance and therefore the valuation is not based on historical turnover / profits etc. It is a new technology that may or may not take off - just look at the valuation of AXS at flotation and what its turnover was then.

I am trying to speak with the customers mentioned in the prospects and other contacts in the industry to see how the industry views the product. I did really well out of AXS so quite like the sector. I also will be interested in seeing who the major placees are - if they got decent institutions involved then i would probably be a buyer.

[jonwig] 18/9/2007 19:50

Hi there, GWR.

I have a quick look at most new issues - you've saved me the trouble of spending more time on this one!!

Earlier, I read the summary information in the prospectus, and was put off by their lack of a trading history, and their excuse for not bothering with IP protection, which I found pretty flimsy.

I didn't get as far as any financials - and won't bother, now.

But the broker got the issue away to apremium, it seems.

[gwr7] 18/9/2007 19:40

Hi jonwig, thanks for the info, it wasn't on their website when I looked the other day. The balance sheet makes QTI look blue chip. This is definitely not one for widows and orphans. Note 15 to the interim accounts is particularly instructive. As at 31st March cash in the bank was £513 (I KID YOU NOT), current assets were at 59k and current liabilities minus 1.1m with total assets minus 1.4m. They could not afford to pay their debts and had to agree onerous terms with their lender in order to avoid going bust. Apparently a move to Aim failed in October 2006. They also missed their deadline of 13th September 2007. This company was run as a basket case. That's not to say things will not improve but do you want to pay the current price to find out?
They've issued 16.118m shares giving a total of 17m now in circulation. You'd have thought that would raise a good £15m net of expenses but in fact they've only raised £4.8m to buy PG Industries and £4.5m to grow the business. The rest has largely gone as a share handout to the lenders who had only lent 1.16m in the first place. The company is now valued at over £17m yet the last reported 6 monthly turnover was £28,000. DYOR and Best of British.

[davey3] 18/9/2007 08:42

This seems to have a similiar technology to Accsys but aiming at differerent markets

[jonwig] 18/9/2007 08:36

The financials will be in the Admission Document which, by Rule 26, they must make available on a compliant website.
This is probably the one: