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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Plastics Cap. | PLA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 112.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 112.00 |
| Top Posts |
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Posted at 17/8/2018 07:29 by thebootster Curious to know why investors continue to hold this share. No dividend and no growth in the SP |
Posted at 01/7/2018 14:58 by danieldanj Plastics Capital (PLA) Earnings-Reaction to Keep an Eye |
Posted at 26/5/2017 08:24 by cerrito Good that they were able to get this away at this price and depending on when they buy the US$ good that they are taking advantage of the relative strength of the pound.That said rather irritated not only are they breaking one of the cardinal rules of corporate finance by cutting the dividend when they are saying business going well but also gives the impression of inconsistency |
Posted at 18/7/2016 21:34 by cerrito a very good question Charo; I can only assume it is not deemed insider trading as the director in question is not going to blot his copybook by doing something that breaks the wording of the regulation and would I am sure be reluctant to do something that breaks the spirit.That said I do not understand why he was allowed to buy here when he is not allowed to buy in the closed period up to results-especially as a reading of the RNS suggests it was a v good deal for PLA and hence the share price increase. However I have enough other things going on that I do not have the time at the moment but appreciate the views of others. I assume Synpac imports a good deal given comment on how £ deval will hit trading margins. |
Posted at 12/7/2016 20:37 by dice1950 !YOUTUBEVIDEO:OMVWh2Specialist manufacturer Plastics Capital (AIM: PLA) has released an encouraging set of results and is looking to move into expansion mode. With 45 per cent of sales exported from the UK, the recent devaluation of sterling will be a help. Management also feels that the business is now on a stable footing after encountering tough conditions in the resources sector and emerging markets during recent periods. SMALL CAP IDEAS: Plastics Capital seems fantastically defensive, with Brexit export boost seen feeding through to bottom line PUBLISHED: 14:59, 11 July 2016 | Read more: Plastics Capital PLC | Plastics Products Manufacturer |
Posted at 06/7/2016 14:24 by dice1950 Plastics looking to expandSpecialist manufacturer Plastics Capital (AIM: PLA) has released an encouraging set of results and is looking to move into expansion mode. With 45 per cent of sales exported from the UK, the recent devaluation of sterling will be a help. Management also feels that the business is now on a stable footing after encountering tough conditions in the resources sector and emerging markets during recent periods. |
Posted at 04/7/2016 11:47 by cerrito Had a quick look at the results.I got in into my head that a few months back the market expectations for 15/16 full year were for a pretax of £4.3m and obviously they missed that by a country mile. Gross profit in the seasonally stronger second half did go up from £7.5m to £9.3m between H1 and H2 but it took income tax credits to make H2 Post Tax profit the same as H1. Net cash from operations in H2 was strong at £3m almost double the increased capex. Note that dividends paid last year greater than post tax profit which explains the reduction in retained earnings. An interesting decision to increase dividend given references to capex in the report and comment on both macro uncertainties but also micro uncertainties of customers delaying orders. One thing on the balance sheet which I cannot remember having focused in on before is that intangible assets are approx. 85% of book net worth and so will deserve scrutiny when the annual report comes out. No comment on Brexit..I see that last year’s annual report had just under half sales in UK over a quarter in Europe and ME and 25% ROW Good to see fewer exceptionals in the income statement than in times past. Good to see Flexipol has been big picture a success; do not wish to be a party pooper but note they have released a contingency in connection with the acquisition which suggests that had not et all EBITDA aspirations. Outlook statement suggests steady as she goes and I do not see myself any great movements up or down in the share price |
Posted at 10/12/2015 23:11 by simon templar qc Yes I did listen to it earlier. Nothing new however and there couldn't be as the CEO would be giving privileged information to selected shareholders.Unfortunately he has given me no reason to buy in quick despite the reasonable dividend yield. There is little point having a dividend with no growth in the share price! There are too many numbers in the accounts its all too muddy. In actual fact at the interim stage its virtually impossible from my reading of the accounts to be able to extract whether or not the acquisition they made last year has been earning enhancing as overheads have gone up substantially. I don't actually see that much growth in the last 5 years, if any at all never mind the last 12 months. The share price speaks for itself I see more downside risks. |
Posted at 07/12/2015 22:08 by cerrito Sorry I will not be able to join you for lunch, davidosh, and I look forward to seeing the presentation and how the company deals with the piercing questions.I have gone through the report – I found the text helpful- and I have the following comments I did not find the following statement as helpful as it should have been: Quote The Board therefore expects the Group to continue to trade in line with expectations for the rest of the financial year." I am assuming that the full year expectations they refer to was for revenues to be £49.7m and eps(before what adjustments ??) to be 11.6p eps but would have been good if they had stated this. Furthermore the way they worded it implies that we have been given for expectations split out for the 2nd half and I have not seen these nor would I expect to see them for an AIM company. Looking at the figures what stands out most to me is the very poor net cash generated from operations- the lowest for any 6 month period since I started following the company in 2009. They comment that they have been able to reduce debt- true by £1.5m, which is good, but only because they had disposal receipts of £1.4m. If I was there I would have wanted to explore this backdrop of poor cash generation to their decision to increase the dividend by 10%- though I do understand that in current market situation if they had not increased the dividend the share price would have fallen more than the surprisingly modest fall today. They really are building up high expectations for the full year results. I would also have asked about seasonality-not something I can remember coming up before. Their comments on increase in business in China made me look at the receivables- about 85 days and something worth watching. Hope all goes well |
Posted at 02/11/2006 10:07 by mr ashley james Jed yes, and if the Thread Header isn't then I would certainly think that the Internal Rate of Return of 672% on Smokey Hills is!1st Quarter Results RNS Number:2615L Platinum Australia Limited 31 October 2006 PLATINUM AUSTRALIA LIMITED ACN 093 417 942 3rd Floor, 18 Richardson Street, West Perth PO Box 1083, West Perth Western Australia 6005 Western Australia 6872 Telephone: (08) 9324 1491 Email: pla@platinumaus.com Facsimile: (08) 9226 4259 Website: www.platinumaus.com Our ref: ASX0692JDL:30.5:JD For full document associated with this announcement, please follow the link below: 31st October 2006 QUARTERLY REPORT FOR THE PERIOD ENDED 30th SEPTEMBER 2006 HIGHLIGHTS Green Light for Smokey Hills PGM Project from Bankable Feasibility Study Platinum Australia Limited (ASX: PLA) (AIM: PLAA) announces that the final results from the Smokey Hills Bankable Feasibility Study confirms that the project is extremely attractive and very robust and able to generate returns of over 70% on the Base Case assumptions and in excess 600% using July average metal prices and exchange rate. New Order Right Cession for Smokey Hills PGM Project In September PLA announced that it had received ministerial approval for the cession of the New Order Prospecting Right covering the Smokey Hills PGM Project to PhokaThaba Platinum Pty Ltd ("PTP"), the Joint Venture Company in which PLA is earning an 80% interest. New Order Right Issued for Kalahari Platinum Project In September PLA also announced that a New Order Prospecting Right had been issued for the Kalahari Platinum Project. The company commenced drilling during the month and currently has three drill rigs working on the site with a fourth rig due in the near future. PLA Mandates Standard Bank to arrange Funding for the Smokey Hills Project In early October PLA announced that Standard Bank of South Africa had been mandated by the company and its South African subsidiary, PhokaThaba Platinum Pty Ltd ("PTP") to arrange the Project Debt Financing for the Smokey Hills Project. The debt funding to comprise of a ZAR220 million facility for PTP. The balance of ZAR60 million of capital required to develop the project to be provided as equity by PLA and its joint venture partners OPERATIONS PLA operations were focused on the Smokey Hills PGM Project and the Kalahari Platinum Project in South Africa. In Australia Sally Malay Mining ("SMY") continued to work on updating the previous BFS on the Panton PGM Project as part of PLA's joint venture with SMY. Smokey Hills Platinum Project The Smokey Hills PGM Project is located on the eastern limb of the Bushveld Complex in the Limpopo Province of South Africa, 300 kilometres north east of Johannesburg. The Project is adjacent to and up dip from the existing Modikwa Platinum Mine owned by African Rainbow Minerals and Anglo Platinum. PLA has signed a formal Sale Agreement with Smokey Hills Platinum (Pty) Ltd (" SHP") to acquire up to 80% of the Project through the staged acquisition of 100% of SHP. PLA acquires an initial 74% interest in SHP by providing $3.4 million for SHP to fund the purchase of an 80% interest in the Project. The balance of 26% in SHP will be acquired for 15 million fully paid shares in PLA. The balance of the Project is held 5% by the local community and 15% by Corridor Mining Resources, a Company owned by the Limpopo Provincial Government. PLA commenced a resource definition drilling program on the project in July 2005 and a Bankable Feasibility Study ("BFS") in October 2005. The BFS was completed during the first part of the quarter and a full summary of the results are provided in Table 1 below while the underlying assumption relating to metal prices and exchange rates are provided in Table 2. GRD Minproc (Pty) Ltd are the Lead Engineers for the BFS, while Snowden are responsible for the Resource Estimate and Mining Study, SRK Consulting for Tailings and Hydro-geological studies and Africa Geo-Environmental Services for the Environmental Study. Table 1. Summary of Results from Smokey Hills BFS Base Case Ave July Prices Production 4E PGM approx. 95,000 oz/annum Plant Recovery 85% Project Life 7 years Cash Costs 4E PGM US$226/oz US$226/oz Basket Price 4E PGM US$677/oz US$1,117/oz Capital Cost Initial US$ $40.5 Million $40 Million Deferred US$ $14 Million $14 Million NPV 10% US$ $79 Million $249 Million 15% US$ $60 Million $202 Million IRR 74% 672% Cashflow US$ $139 Million $396 Million Payback months 20 months 3 months Table 2. Metal Price and Exchange Rate Assumptions Table 2 Rand/US Dollar Exchange Rates and Metal Prices July Average Base Case Exchange Rate ZAR/US$ 7.08 7.0 Metal Prices US$ ZAR US$ ZAR Platinum Per oz 1,232 8,723 900 6,300 Palladium Per oz 321 2,273 300 2,100 Rhodium Per oz 4,622 32,724 1,500* 10,500* Gold Per oz 633 4,482 450 3,150 Iridium Per oz 400 2,832 100 700 Ruthenium Per oz 172 1,218 250 1,750 Nickel Per tonne 26,500 187,620 10,000 70,000 Basket Price Per oz 1,117 7,906 677 4,736 * The Base Case Rhodium Price has been increased from US$1,000 used in the preliminary figures to US$1,500 in the final figures as a result of review of projected metal prices obtained from various industry sources. The Company envisages commencing operations at Smokey Hills initially as an open cut and then progressing to an underground mine. During the initial phase while the plant is under construction PLA proposes to mine ore for toll treatment through a nearby plant to generate early cash flow. This phase would last for approximately 12 months after which ore would be treated through the on-site plant producing a flotation concentrate for sale to any one of a number of smelters in South Africa, the nearest of which is less than 100 kilometres distant. Dependent on the issuing of the necessary permits PLA proposes to commence construction and mining operations in early 2007 with plant commissioning occurring in late 2007. The company commenced the preliminary engineering on the project during the quarter to allow the long lead items, primarily the mills, to be ordered in the current quarter. Kalahari Platinum Project The Kalplats Project is located 330 km west of Johannesburg and has an established (Indicated and Inferred) resource of 3.4 million ounces 3E PGM, including a high grade resource of 1.4 million ounces 3E PGM at a grade of 3.6 g /t 3E PGM. PLA believes that there is significant potential to increase the size of the resource as all deposits appear to be open at depth and along strike and PLA have identified numerous targets from geochemical survey work and a high resolution aeromagnetic survey completed by PLA in early 2005. Under the Kalplats Joint Venture Agreement, PLA is earning up to 49% of the Kalplats Project from ARMplats by completing a Bankable Feasibility Study including further drilling and providing the right for the project to use the Panton metallurgical process ("Panton Process"). PLA and ("ARMplats") have also applied for a prospecting right covering an area approximately 20 kilometres to the north and 18 kilometres to the south of their South African Kalahari Platinum Project ("Kalplats") area, increasing the total strike length held by the parties to almost 50 kilometres. PLA and ARMplats will each have a 50 percent contributing interest in the new area and PLA will manage the exploration program which will target extensions of the known Kalplats style of Platinum Group Metal ("PGM") mineralisation. Following the issue of a New Order Prospecting Right covering the project in September PLA commenced the PFS drilling program which will comprise approximately 22,000 metres of drilling and by early October had three drill rigs working on the site. PLA anticipates completing this initial drilling program in early 2007 allowing an updated resource to be estimated by March/ April 2007. A further program of 25,000 metres will then be drilled to further define and update the resource as part of the BFS due for completion by the end of 2007." PLA has appointed GRD Minproc as the Lead Engineer for the Kalplats Project and expects to appoint further consultants in the coming month. An initial program of metallurgical testwork has already been undertaken with results indicating that a recovery of 80% can be achieved into a saleable PGM concentrate. PLA believes that the existing resource will support the development of an open cut project producing 200,000 oz 3E PGM (platinum + palladium + gold) per annum. Further success from the drilling program could increase this to 300,000 oz 3E PGM per annum, making it a truly world class deposit. Panton Platinum Palladium Project The Panton Project is located in the Kimberley region of Western Australia, 60 km north of Halls Creek and 60 km south of the Sally Malay site. The Project has a (Measured + Indicated + Inferred) resource of 14.3 Mt at 5.2 g/t 7E PGM containing 2.4 million ounces 7E PGM, including a high grade resource of 10.1 Mt at 6.1 g/t 7E PGM containing 2 million oz 7E PGM. Sally Malay Mining Limited ("SMY") are earning a 50% interest in an initial parcel of 1.5 Mt of high grade ore by spending $750,000 to complete a Bankable Feasibility Study to evaluate the mining of high grade ore from Panton and processing it through the Sally Malay Plant to produce a high grade PGM concentrate. The agreement may be extended to cover further parcels of ore. Following the receipt of statutory approval SMY commenced refurbishment of the exploration decline at Panton during the quarter and by late October had completed 230 metres of rehabilitation with 20 metres remaining to be completed. During the coming quarter SMY expect to mine a bulk sample of ore from the decline had undertake pilot plant testwork on the sample. Qualification Statement We confirm that the exploration results and resources contained in this report are based on information compiled by Tony Greenaway, Geology & Resources Manager of Platinum Australia Limited, who is a member of The Australasian Institute of Mining and Metallurgy. Tony Greenaway has more than five years experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking, to qualify as a competent person as defined in the 2004 edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Tony Greenaway consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Media enquiries: Sarah Allchurch Allchurch Communications +61 (08) 9381 6625 Media enquiries: Ron Marshman / John Greenhalgh City of London PR +44 (020) 7628 5518 JOHN LEWINS Managing Director Glossary 3E PGM platinum + palladium + gold 4E PGM platinum + palladium + rhodium + gold 6E PGM platinum + palladium + rhodium + iridium + ruthenium + gold 7E PGM platinum + palladium + rhodium + iridium + osmium + ruthenium + gold Au gold Ir iridium Pd palladium Pt Platinum Rh rhodium Ru ruthenium * The six Platinum Group Metals (PGM's) are Platinum (Pt), Palladium, (Pd), Rhodium, (Rh), Iridium (Ir), Osmium (Os) and Ruthenium (Ru). Appendix 5B Mining Exploration Entity Quarterly Report Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001. Name of entity PLATINUM AUSTRALIA LIMITED ABN Quarter ended ("current quarter") 99 093 417 942 30 September 2006 Consolidated Statement of Cash Flows Current quarter Year to date Cash flows related to operating activities (3 months) $A'000 $A'000 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration and evaluation (492) (492) (b) development (c) production (d) administration (739) (739) 1.3 Dividends received 1.4 Interest and other items of a similar nature 178 178 received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other (provide details if material) 7 7 (1,046) (1,046) Net Operating Cash Flows Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (23) (23) (c) other fixed assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities (4) (4) 1.11 Loans repaid by other entities 1.12 Other (provide details if material) Net investing cash flows (27) (27) 1.13 Total operating and investing cash flows (1,073) (1,073) (carried forward) 1.13 Total operating and investing cash flows (brought (1,073) (1,073) forward) Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 140 140 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other (provide detail if material) Fundraising Costs Net financing cash flows 140 140 Net increase (decrease) in cash held (933) (933) 1.20 Cash at beginning of quarter/year to date 24,013 24,013 1.21 Exchange rate adjustments to item 1.20 (38) (38) 1.22 Cash at end of quarter (refer note below) 23,042 23,042 Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities Current quarter $A'000 1.23 Aggregate amount of payments to the parties included in item 1.2 (109) 1.24 Aggregate amount of loans to the parties included in item 1.10 - 1.25 Explanation necessary for an understanding of the transactions Cash of $26,282,000, as reported in June 2006, included an amount of $2,269,000 which represented a deposit held as security for a bank guarantee being held as consideration for the acquisition of an interest in the Smokey Hills Joint Venture. Release of the funds was subject to the transfer of a new order right to Phokathaba (Pty) Ltd in accordance with South African mining legislation. Subsequent to the June quarter report, this amount was transferred to other assets adjusting the closing cash balance to $24,013,000. Administration expenses were higher for the quarter due to increased efforts on global investor relations together with the sourcing of project debt funding. Non-cash Financing and Investing Activities 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows N/A 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest N/A Financing Facilities Available Add notes as necessary for an understanding of the position. Amount available Amount used $A'000 $A'000 3.1 Loan facilities N/A - 3.2 Credit standby arrangements N/A - Estimated Cash Outflows for next Quarter $A'000 4.1 Exploration and evaluation (3,998) 4.2 Development - Total (3,998) Reconciliation of Cash Reconciliation of cash at the end of the quarter (as Current quarter Previous quarter shown in the consolidated statement of cash flows) to the related items in the accounts is as follows. $A'000 $A'000 5.1 Cash on hand and at bank 1,408 1,491 5.2 Deposits at call 21,634 22,522 5.3 Bank overdraft 5.4 Other: Bank Guarantees - - Total: cash at end of quarter (item 1.22) 23,042 24,013 Changes in Interests in Mining Tenements Tenement Nature of interest Interest at Interest at reference beginning of end of (note (2)) quarter quarter 6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased Issued and Quoted Securities at end of Current Quarter Description includes rate of interest and any redemption or conversion rights together with prices and dates. Total number Number quoted Issue price per Amount paid up per security (see note security (see note 3) (cents) 3) (cents) 7.1 Preference securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions 7.3 +Ordinary securities 179,715,353 179,715,353 7.4 Changes during quarter (a) Increases through issues 700,076 700,076 (b) Decreases through returns of capital, buy-backs 7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted 7.7 Options (description and Exercise price Expiry date conversion factor) 3,581,776 3,581,776 20 Cents 30 November 2006 15,000 - 43.5 Cents 14 March 2007 270,000 - 22.5 Cents 5 November 2008 5,000,000 - 35 Cents 10 December 2009 2,500,000 - 20 Cents 11 December 2009 730,000 - 37 Cents 30 November 2009 100,000 - 83 Cents 30 April 2010 650,000 - 37.3 Cents 24 May 2011 400,000 - 70 Cents 30 June 2010 7.8 Issued during quarter 400,000 - 70 Cents 30 June 2010 7.9 Exercised during quarter 700,076 700,076 20 Cents 30 November 2006 7.10 Expired during quarter - - - - 7.11 Debentures (totals only) 7.12 Unsecured notes (totals only) Compliance Statement 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4). 2 This statement does give a true and fair view of the matters disclosed. Sign here: .................... (Director / Company Secretary) Print name: GILLIAN SWABY Notes 1 The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report. 2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2. 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities. 4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report. 5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with. This information is provided by RNS The company news service from the London Stock Exchange END QRFFGMFGKMGGVZG |
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