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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mercury Recyc. | MRG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 5.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5.25 | 5.25 |
| Top Posts |
|---|
Posted at 04/5/2012 20:42 by eburne1960 No, no synergy at all. 2 directors who bought a stake in MRG have experience of natural resources (they are also on the board of Amerisur). So this acquisition is not a great shock. According to a press article I saw somewhere, they are keeping the mercury side, but I wouldn't be surprised if it was offloaded at some point. |
Posted at 04/5/2012 10:34 by gelp Is there some synergy, mercury, palladium. struggling to see benefit for MRG shareholders. what happens to old business. am i missing something? |
Posted at 30/4/2012 13:20 by abudhabitrader I belive the admission document was to be posted to MRG holders by the end of April. Anyone recieved anything. As a current SLP holder I think it spositive for both holders. We get free shares and see someone concentrating on the Iron Ore and you het to diversify in to something that can do much more for your share price Good luck to all of us. |
Posted at 30/5/2011 15:48 by dealit There is something not quite right about this stock. I bought in becuase the financials were good, potential was good but since the introduction of Westleigh Investment things have gone backwards. I have been involved with investment company takeovers before this is just typical MRG will release bad news and then Westleigh will move in with a cheap buyout price. Sad but true IMHO |
Posted at 27/5/2011 13:59 by antonz Sold all my shares recently. Couldn't see a future for MRG. recycling of tubes and street lamps has a limited future as new lighting, minus the nasty elements, develops. ie. Marlin lamps for example. I've had these from day 1 too. |
Posted at 24/9/2010 18:13 by luminoso I totally agree, Gengulphus. It was really a facetious comment relating to the post above mine, where the poster was waiting for a 5p entry and a long hold to 10p !Westleigh will do well if MRG do well and they clearly expect them to. I guess the problem is if the company have given away a bit too much of their future in order to get cash in the short term. That suggests they have immediate plans for the cash - and I hope they do ! Is there an obvious area for expenditure ? New technology in a new area of recycling ? I see they are seeking acquisitions in the rns. Can't buy a lot for £175k - so would hope it is potentially a big return. Market liked it today. I would like to hold for the long term from an ethical point of view but I have to admit that a dramatic spike would tempt me greatly to cash in my chips, as the share price has had a habit of wild fluctuations in the past and I have waited quite a long time for upward movement. Still, should move it up the PPP Share Comp standings a bit, if the rise is sustainable ! |
Posted at 27/9/2009 20:30 by euphoric dream 7:56 am, September 25, 2009 Mercury Recycling looks at screens and batteries after lamp profits dim A fall in sales of lamps led to lower revenues and profits at Mercury Recycling Group Plc (AIM: MRG) in the six months to June 30. The Trafford Park-based company, which recovers metals from strip lights and other types of lightbulbs, posted a pre-tax profit of £229,000 (2008: ££308,000) on revenues £44,000 lower at £1.46m. The shares fell 5 per cent to 13.75p in early trading today. Chairman Lord Barnett said the results were "satisfactory" given the extent of the downturn. He added: "I understand from industry sources that lamp sales are down some 30 per cent. It inevitably impacts on the numbers coming through for recycling, and this may prevail for some while longer, until usage recovers. The second half results may well reflect these continuing problems." Lord Barnett said sales would rise much faster once the recession was over. Lamp sales last year were 200 million but only 30 million of these were recycled. He said the draft WEEE Directive calls on manufacturers and importers to recycle 65 per cent of what they have put on the market in the past two years. This would mean about 130 million lamps per annum would need to be recycled in 2010. Lord Barnett said: "To have any hope of reaching this huge figure by the suggested date of 2016, manufacturers and importers of lamps would need to be asking us to achieve very large year on year increases in recycling. It is worth repeating, we have the capacity to recycle more than double the present sales, without further major capital expenditure." Mercury, run by managing director Bryan Neill, is broadening its activities to include batteries and general electrical products and is carrying out a feasibility study into the automated recycling of mercury bearing flat panel displays, LCD TVs and computer screens and plasma displays. Lord Barnett said the company was also looking at market opportunities offered by the new legislation relating to energy efficient lamps. He told shareholders still waiting for a payout that the company would pay a dividend "as soon as circumstances are right". |
Posted at 27/8/2009 16:17 by jayson26jay thanks for sharing the information, very interesting.This company has been in business since the 80/90s, seems to be well run. They have recently invested in some new equipment to recycle more lamps, and are also marketing the equipment for sale. MRG have the technology and experience to handle this waste. IMO, DYOR. |
Posted at 26/8/2009 23:19 by ronwilkes123 i dont pretend to be an expert in this company, but i did work for Lampcare (UK) Recycling Ltd, when i left the business they had lost contracts and had been shut down for a period for EA, and HSE issues. If this company (mrg) is run properly, then it should have no problems taking market share from Lampcare or Electrical Waste Recycling Group as they are known now. |
Posted at 19/5/2009 18:24 by dealit MRG have now as far as I am concerned reached the 20% rise in share price which on researching I thought they would do, better late than never. With no dividend to wait for I see no need to stay. I will monitor their progress around result as I do feel they are a very solid company.Thankyou for your imput "tophalf69" and the best of luck in all your future transactions. |
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