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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Libra Natural | LNR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 30.05 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 30.05 | 30.05 |
| Top Posts |
|---|
Posted at 21/5/2008 11:09 by mdchand samas - I dont think they are going bust. fwiw i think these shares are merely suffering from a lot of negative sentiment - whether justified or not. business model makes a lot of sense and they should be a natural beneficiary of rising energy prices. sometimes the markets move in irrational ways, but the market can just as easily smell a profit when the right announcement comes along. i'm waiting to buy some when all the smaller investors have capitulated and the price has stabilised. real revenues / real assets / highly scalable business model / very advantageous macro environment - a good punt in my opinion when the time is right (although some substantial director buying would also help....which i appreciate is lacking right now). |
Posted at 09/5/2008 08:43 by the shuffle man Investors chronicle today say shares remain a speculative buy |
Posted at 01/5/2008 21:52 by spital23 Hi All not into this stock but seen this on Growth Company Investor today so thought I would post it for you - free of charge - good luck to allLibra Natural Resources - SPECULATIVE BUY Companies: LNR 01/05/2008 Green energy investor Libra is offloading its other interests to focus on its wood waste-to-energy operations in North America, and is undergoing a name change to FibreGen to reflect this. The company owns two facilities in British Columbia, Canada, which from this year onwards will produce 131,500 tons of wood pellets and shavings per annum, and a wood chipper in the state of Virginia where production capacity is being expanded to 183,000 tons. Another pellet producer, based in the US Pacific Northwest, was acquired this April in a move adding 128,000 tons of annual capacity and turning the group into the globe's sixth largest producer the aim is to produce 1.5m tons by the end of 2009. Libra's revenues come from retail and commercial customers, which burn the wood for heat, since it is cheaper than coal and natural gas. Furthermore, the company ships to Europe to sate demand from coal-burning power stations that need to burn a percentage of biomass under environmental stipulations. A recent joint venture was agreed in China and as it is 'going well' it could soon be extended from one power plant to 17, with Libra taking 25% of the equity and carbon credit rights. Results for 2007 show turnover swelled 313% to £9.7m, with operating losses increased to £1.2m, although the post-tax loss on the biomass business narrowed three-quarters to £96,000. Cash of £1.9m remained at year-end. New chief executive Glenn Smith sees 'superior returns' and the ability to 'aggressively' scale the business 'vertically', by moving upstream into the ownership of wood-growing assets and downstream to taking shares in biomass power production. The time is ripe, he stresses, as 'first-mover' advantage will allow the group to secure these assets or agreements more easily. Libra, whose green credentials are good, as all wood input is derived from logging and other wood-related waste, all of which are from sustainable forests, could attract fans. Growth Company Investor subscribers have full access to all our AIM and small-cap share recommendations. To subscribe today with a half-price offer, and gain immediate access to all the recommendations, click here. Oliver Haill Market cap: £14. 32m PE Forecast: n/a Share price: 6.12p |
Posted at 30/4/2008 07:16 by jailbird GENERAL MEETINGThe Company will today post a Circular to its shareholders containing details on the resolutions to be proposed at a forthcoming General Meeting. The General Meeting is being convened to consider and, if thought fit, approve: * The change of the Company's name to FibreGen plc as previously announced * The appointment of Rick Squires as a Director of the Company * The appointment of John Stirling as a Director of the Company as previously announced * The adoption of the FibreGen Unapproved Share Option Plan 2008 as previously announced * The Consolidation of the issued and unissued ordinary shares of the Company on a 15:1 basis * The authorise the Directors to allot ordinary shares and the dis-application of statutory pre-emption rights The General Meeting will be held on 22 May 2008 at 9:00am at the Company's registered office at City Tower, Level 2, 40 Basinghall Street, London EC2V 5DE. Pursuant to Rule 20 of the AIM Rules for Companies, further copies of the Circular and Notice of the General Meeting are available from the Company's registered office. INVESTOR CALL Glenn Smith, Chief Executive Officer of LNR, will be hosting an investor conference call on Wednesday 30 April 2008 at 10.00am, to discuss the results announced today and to take questions. If you wish to join the conference call, please dial +44 (0)207 070 5500 at 10.00am and ask for the Libra Natural Resources call. |
Posted at 26/4/2008 17:23 by bubface sg31 think you have already mentioned your google search i doubt very much that maitland investments ltd [spain] has anything to do with the maitland that is a long term shareholder in lnr and ent...i will find out with some slightly more comprehensive research.re para 1...this is about the only company i own where i have seen serious director buying in the market risking capital alongside investors...i think that shows committment,it would also indicate that he is very incentivised to ensure that lnr achieves a more realistic valuation. |
Posted at 25/4/2008 21:11 by sg31 Barryrog,2935.Sorry my mistake i paid just over 11p in October 2005.I am a longterm holder,I liked the idea behind LNR when it was originally set up but their choice of investments was poor and i now suspect a lot of them were either ways of funding pet projects or a means of getting investors to take rubbish off their hands.I must say i didn't think that until i saw what they are doing with Ethanol,it seems too much like the same thing.Still i am not an investor in Ethanol so i suppose i should mind my own business.What it has brought to mind is a reconsideration of my investment in LNR,Do i trust Greensmith,on balance probably not,but he is in theory no longer in charge.He is as we are all aware the power behind the throne,he really calls the shots. I do believe in the wood pellet business,i think the concept of taking waste wood and producing fuel for sale is good,i have no view on the environmental aspects but the idea of making money from waste has to be good.The lack of info from the company worries me,we have been promised a lot and not much seems to have been delivered so far.The company is said to have rejected offers at 14p,i would like to have been consulted about that. I think my view at present must be a balance,i am losing trust in Greensmith but i like the idea behind the company,i think the company takes shareholders for granted.I am not prepared to sell at the current price so will hold and hope things improve,i will give them a little more time to see if they can deliver Barryrog,you have a substantial holding and i can understand your defence of Greensmith but i do detect a note of frustration with the past investments and corporate gyrations,like you i hope the focus on wood pellets pays off. Wirral & bubface,Cool it guys,you can both have different views but the name calling won't change the stance of either of you. Sorry,for the long post i really am a long term holder,this is not an attempt to de ramp but i do have doubts and questions that are genuine. |
Posted at 09/4/2008 11:51 by barryrog They are now generating positive cash flows so i would hope that these are sufficient to meet working capital needs.I am not so sure that they will be looking for further acquisitions in the short term, preferring to beef up production at existing plants - although they have yet to give an update on the exclusive MOU project in Russia their historical preferred method of funding has been to issue 4 year convertible bonds paying 8% interest. i like this method of fund raising as it locks investors in for 4 years and has no dilution effect either. there have always been plenty of takers - i guess even in the current climate 8% plus a 30% premium on conversion is a pretty attractive deal. |
Posted at 08/4/2008 15:06 by the shuffle man They have added some big boys, see list of major shareholders, we have the likes of RAB, UBS and Henderson, its a shame they are not increasing their positions at this lower levelMajor Shareholders Information Major Shareholders Amount % Holding Broughton Limited 45,000,000 22.07% UBS Wealth Management (UK) 21,339,751 10.46% Savoy Investment Management 12,255,355 6.01% P. Greensmith, Esq. 10,910,499 5.35% Maitland Investmemts Limited 9,386,666 4.60% RAB Capital Limited 7,950,00 3.90% Henderson Global Investors Limited 7,118,799 3.49% Cheviot Asset Management Limited 6,457,675 3.17% |
Posted at 08/4/2008 13:09 by barryrog jamonit,i've taken a similar view but it could also be a short term punt if the Co. got its act together re announcements and it's pr (or should i say lack of). a number of small investors have put hard earned money into this co. and have held and added to their holdings during the share price demise believing that in the wider global context of essential renewable fuels this business should be a real winner. so how come this message hasn't got over to the Big Boys? |
Posted at 18/2/2008 09:24 by turbotrader2 FT REPORT - WEEKEND MONEY: Gems hide in load of rubbishBy David Stevenson, Financial Times Published: Feb 16, 2008 On first inspection, the battle for waste services group Biffa seems like a classic private equity tussle for a business with a sustainable long-term cash flow profile. But my suspicion is that there's another rather more compelling story lurking in the background, featuring a motley cast of European bureaucrats, geeky technology guys and a whole load of gas. And if I'm right, there's a huge opportunity for private investors to get ahead and take a punt on a whole new renewable energy sector. If I'm wrong, there's a nasty, dirty incinerator heading to a landfill site near you . . . First, those bureaucrats in Brussels. The European Union has decided that we Brits are a bit tardy when it comes to our rubbish. In the UK, we recycle just 37 per cent of our waste, compared with 50-60 per cent across much of mainland Europe. The UK is now required under the EU Landfill Directive to reduce to 35 per cent the amount of biodegradable municipal waste going to landfill sites by 2020 (and 50 per cent by only 2013). Clearly, there's an awful lot of heroic work to be done by our valiant waste regulators and, just in case they get a bit lazy, the mandarins in Whitehall have, as always, added a number of demanding targets to meet in the next few years. For example, each waste disposal authority has been allocated an allowance for the amount of biodegradable waste it may dispose of to landfill for the years 2005 to 2020. Any authority that goes over its allowance faces a penalty of £150 a tonne, in addition to the cost of disposing of the waste. If all that wasn't enough to concentrate the minds, Whitehall is also putting up the tax it levies on landfill to end-users. A standard rate of £24 a tonne currently applies to all other taxable waste, which is due to rise by £8 a tonne per annum to reach a level of £48 a tonne in 2010/11. According to analysts at Catalyst Research, all this will result in a blizzard of investment in incineration, recycling and waste treatment facilities. They suggest a total figure of £9bn. Or to put it another way, to meet those targets we'd need to incinerate 11.5m tonnes, which would require at least 50 incineration facilities. I've got one planned near me, and I all I can say is that the locals are decidedly unhappy about it. Now for the geeky bit. Riding to the rescue is a set of new technologies that could get everyone out of their landfill hole - and make smart investors a lot of money. They are all attempting to find new ways to use waste as a way of generating power and heat. Now, this is not actually that radical a thought - landfill operators already siphon off methane gas that is given off by decomposing organic material. But this approach is a bit inefficient and isn't going to solve the problem sitting in the waste bureaucrat's inbox. The real step change will come with technologies that actually "gasify" the waste and turn it into heat and power. Versions of this new technology have been around for years - plasma, for instance - but it's only now beginning to come right. A whole host of new technology companies are beavering away in this sector, and some are about to start trading on the Alternative Investment Market. Look out for Advanced Plasma Power. Most private equity investors I've talked aren't actually laying too many bets on which particular technology will win - just that local councils throughout the land will be investing an awful lot in a combination of solutions very, very soon. Technologies of choice include: *Plasma arc or gasification. This is the most established technology and works a little like the "big bang", only backwards. Inside a sealed stainless steel vessel filled with gas a 650-volt current is passed between electrodes, converting the gas into plasma. The energy of this plasma (think 3,500C) is such that it converts rubbish into its constituent elements with by-products that include a synthesis gas, or "syngas", which can be converted into a variety of fuels for power generation. *Standard gasification. This works in a similar way, and also produces gas for power generation, but at lower temperatures of between 850C and 1,100C *Anaerobic digestion. This breaks down organic waste to produce gas and compost. *Mechanical Biological Treatment technology. This takes household waste and separates it mechanically. Recyclable material, such as glass and metal, is removed and the biodegradable material is digested to produce a stabilised landfill cover or fuel pellet. The important thing to say here is that all these technologies work now. It's just a matter of getting the economics to make sense. So the first experiment in standard gasification is about to kick off on the Isle of Wight, where a new plant (which has been built by Norwegian firm Energos ) is expected to generate 2.3MW of electricity, which will power more than 2,000 homes when it begins operating next year. As new technologies come on stream, the cost of these novel treatments for waste should start to fall. Currently, the cost of turning waste into energy can run as high as $150 (£76) a ton, a huge premium to existing landfill costs of about $24 a ton to landfill. But as the regulations begin to bite, and those punitive costs start to add up, you should expect to see a flood of new private finance initiative projects up and down the country. Arguably, it's these PFI projects that are the most interesting way to play this new emerging space. That's because what will really make the difference is the ability to provide a turnkey, infrastructure-led solution. This will require size, lots of capital and a real understanding of the sector. Put all that together and you suddenly realise why the private equity firms think there's going to be a lot of investment in the sector in the next five-10 years. Cue the Biffa takeover. That leaves Shanks in the frame - valued at 16 times forward earnings - and Pennon with its fast-growing Viridor operation. Shanks in particular looks compelling as it's already got some working MBT plants up and running in East London and Scotland; it also boasts an interesting portfolio of divisions in Europe that are bound to be affected by these regulatory changes. Smaller second-division players - with a focus more on gasification technology itself - include Augean and Prometheus Energy. Augean is valued at £53m, and has a mixed City reputation but is building a portfolio of businesses in the area. Prometheus is a tiny micro-cap that's already got gasification plants underway in the US and Poland and is rapidly building up sales and market recognition. So if investors do pile into this sector this year, both these micro-caps could shoot up in value. One other leftfield player worth watching is Novera Energy, conservatively valued at £31m, which is building up a portfolio of profitable renewable energy assets including a waste biomass energy business. |
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