Share Name Share Symbol Market Type Share ISIN Share Description
Sandvine Corp. LSE:SAND London Ordinary Share CA8002131008 CMN SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 123.00p 0.00p 0.00p - - - 0 06:39:46
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unknown - - - - 20.29

Sandvine Corp. Share Discussion Threads

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Https:// Aquifer alert: are we drilling to water disaster? Nov 18 2017 09:00 Mandi Smallhorne (iStock) Related Articles Why boreholes may be a really bad idea Water crisis will be biggest challenge for Cape hoteliers - manager SA could face water shortfall of 17% a year by 2030 Changing the way safe drinking water is bought and sold in Africa Gigaba: Cape water crisis shows need for capable infrastructure 100 data science interns to tackle Cape Town water shortages BURIED deep beneath Saudi Arabia are two fossil treasures: oil, of course, is one. Oil gave Saudi Arabia and other OPEC countries considerable leverage – remember the 1973 oil crisis? Oil producing countries placed an embargo on oil supplies to the USA, the UK and other countries, including South Africa. By the end of the crisis, in March 1974, the global price of oil had quadrupled, from $3 a barrel to $12. But Saudi Arabia feared that other countries might turn on it and exploit its weakness, an inability to feed its citizens. So in the 1980s, it decided to tap its other ‘fossil’ resource, water that had collected in an underground aquifer when the region was much wetter, some 20 000 years ago, to grow wheat and other crops. After all, there were about 500 cubic kilometres of it under the desert, a staggering amount of water. An estimated four-fifths of that is now gone, three decades or so later. With very little rainfall in the Wadi As-Sirhan basin where the crops are grown (100mm to 200mm annually), the aquifer has not recharged. “A groundwater account is much like a bank account: if withdrawals exceed deposits, the account shrinks,” writes expert Sandra Postel in her 2017 book, Replenish. “Rarely monitored or regulated, groundwater depletion is the sleeping tiger of global water threats.” It’s happening all over the world. The enormous Ogallala Aquifer is pumped to grow wheat in Great Plains states like Nebraska, Colorado, Kansas and Texas, producing altogether about one-sixth of the world’s grain. The water in the aquifer has been collecting since the end of the last Ice Age, around 15 000 years ago. “By the beginning of the 21st century, a third of the world depended on aquifers for drinking water and farming. In China, plagued by drought, the North China Plain aquifer sustains 117 million people in Beijing and surrounding areas. […] aquifers in several of the world’s most productive, heavily populated regions are being drawn down at precipitous rates. "NASA satellites, monitoring changes in Earth’s gravitational pull, found that 21 of the world’s 37 largest aquifers have passed the sustainable tipping point.” When news broke that Beaufort West’s dam had run dry, the immediate response on a social media account I belong to was: why isn’t national government providing funds to drill boreholes? We do have large aquifer resources under the Karoo in the Karoo Basin, after all. It’s a familiar response to water issues in a dry country – echoing Cape Town’s response to its crisis. So here I am, banging on again about the realities of recharge: “…the recharge in the Karoo formations of South Africa varies between 2 and ∼5% of the annual rainfall”, that is 2% to 5% of an annual rainfall that ranges from 100mm a year in the more westerly and southerly parts to 500mm at best in the more north-east parts of the Central Karoo, and “recharge becomes negligible for rainfall lower than 400 mm” (Beaufort West gets about 160mm per annum, for example). And that’s now: predictions are that climate change will bring with it significant decreases in rainfall for the Western Cape and Northern Cape; that includes much of the Karoo Basin. Drill, baby, drill and forget about next year So do we “drill, baby, drill”, and risk the fate of the Saudi and other global aquifers in pursuit of water now, and never mind next year or the year after? I say No. Not No to ever drilling – No to doing it blind, risking a resource which could, in the immediate future (I’m thinking the next three decades) be a crucial insurance policy for a country facing hugely uncertain water prospects. “Poor data is a key problem. Big projects to map groundwater reserves are still ongoing, but there are few measures of how many people are taking water out. The government has traditionally relied on people’s goodwill to hand over that information. "There is no national control over the drilling of individual boreholes, unless a municipality has a specific bylaw to that effect. Legislation only kicks in when it comes to the industrial use of borehole water. In effect, anyone can drill a hole in the ground and suck up as much water as they want.” This is too important to mess around with, to do piecemeal and without attention and study. We’ve in effect done it that way for long enough, and where has it got us? Let’s start by making sure we understand what we have and how it’s already being used. But we also need to have an urgent, transparent, non-partisan and inclusive conversation about water – right now. Let’s call on everyone (citizens and scientists alike) for thoughts, research, ideas, from the small-scale but effective – water harvesting and greywater use in every house and business – to grand schemes: can we find ways of artificially recharging aquifers, as some places globally are doing with recycled water, for instance? Should we consider evacuating people from some of the harder-to-supply small towns? Is it at all feasible to direct precipitation from extreme weather events into potential storage spaces underground – and how safe would that be? Only air is more important than water. In a rapidly changing environment, we simply cannot afford to get it wrong. Mandi Smallhorne is a versatile journalist and editor. Views expressed are her own. Follow her on Twitter.
Aramco, Adnoc, and Masdar partner on energy R&D ABU DHABI, 1 hours, 10 minutes ago Saudi Aramco has signed two separate agreements with Abu Dhabi National Oil Company (Adnoc) and with Masdar, Abu Dhabi’s renewable energy company, covering energy and technology collaboration, renewables, and carbon management. Under the terms of the Memorandums of Understanding (MoU) between Saudi Aramco and Adnoc, the two companies will collaborate on identifying technologies that could deliver improved operational performance and efficiency across the oil and gas value chain. The MoU was signed by Dr Sultan Ahmed Al Jaber, UAE Minister of State and Adnoc Group CEO and Amin H Nasser, president and CEO of Saudi Aramco. Dr Al Jaber said: “We share many strategic objectives and increased cooperation between Adnoc and Saudi Aramco will further ensure our long term economic and energy resilience.” “This agreement reinforces our renewed approach to partnerships, which are aimed at leveraging and building on existing industry expertise. Innovation and technology are critical to our growth strategy, and there is a strong focus on integrating new technologies into our upstream and downstream operations, as we work to harness maximum value,” he added. Nasser said: “Saudi Aramco and Adnoc have a long history of enabling growth, development and innovation. Saudi Aramco's MOU with Adnoc will further strengthen and advance our joint goals for research and development in sustainable energy supply, development and management. "Collaboration is crucial for success in achieving breakthroughs in our industry and we welcome Adnoc to be part of our network of collaborative relationships with leading energy companies and institutions." Under the terms of the agreement of the MoU between Aramco and Masdar, the two companies will collaborate on sustainable development and renewable energy, in order to yield advancements in clean electricity generation, and carbon capture for Saudi Arabia, the UAE and the world. The MoU was signed by Yasser Mufti, executive director for New Business Development at Saudi Aramco and Mohamed Jameel Al Ramahi, chief executive officer (CEO) of Masdar. Mufti said: “Saudi Aramco welcomes the MoU with Masdar. We are embarking on an ambitious program in sustainable energy, including renewables and CO2 capturing and are also supporting the research and development efforts of various organizations and institutes in the Kingdom to promote renewables use in power generation and water desalination.” This MoU, he added, “will facilitate cooperation in research and development, education and awareness, on the basis of each company’s experience in the development and deployment of sustainability programs.” “This important agreement reflects the shared commitment of Masdar and Saudi Aramco to industry collaboration, which is essential in order to ensure that sustainable energy-based projects benefit from the best available technology, knowledge and skills,” said Al Ramahi. “Working with Saudi Aramco will provide substantial insight into their unparalleled experience of deploying large-scale energy projects, while at the same time we are honoured to be able to share our own significant expertise as a first-mover in large scale commercial renewable energy development in the Middle East and international markets. “The growth potential for renewables in Saudi Arabia is vast, and through our partnership we look forward to supporting the delivery of affordable and sustainable energy in the kingdom,” he added. – TradeArabia News Service
De-listed tomorrow from AIM
Guess company will just kick in buy-backs as price falls
Whether it's in an ISA or not doesn't affect it, it's the Toronto listing that qualifies it for the ISA.
Ouch! from the UK. UK holders well and truly screwed and scape goated here. I can see this falling to all time lows by the time we get to the de-listing date. Well miffed.
Price will be decimated on AIM. imo.
Ar*e - forced sell as held in ISA. Not happy, as company is going places IMHO. DL
what a b*mmer! Out for now
It's the TSX listing that qualifies them for an ISA; if I don't migrate them, there'll be no UK shares to hold anyway. I hoped there'd be no hurry to sell, as the TSX price would hold up the AIM price, ie that the opportunity for arbitrage would act as a correction mechanism. That theory's not looking too good so far, I should probably have sold at 8am. But who would buy???
Your shares will only be tradable through the TSX after delisting. They will not buyback shares from UK holders. If you hold these in an ISA, you will have to sell them as they will no longer qualify after delisting.
I guess the other question is: how will this affect the price in the meantime?
Well, that was unexpected. What does the cancellation of the AIM listing mean for holders? I know I can talk to Barclays about transferring my holding to the Canadian listing but, otherwise, what happens to someone who holds SAND on cancellation day - do they get paid out or will it be essential to sell before then?
Looking to break out soon with the buybacks
Sandvine receives approval for stock buyback program and announces establishment of automatic repurchase plan "Sandvine believes that, from time to time, the market price of the Shares may be below what it regards as the fair market value of such Shares and that the ongoing purchase of outstanding Shares may represent an effective use of Sandvine's available capital."
what is the good news - any figures ?
More good news today
Share buy back program, could go a lot higher
Still going up...!
Chat Pages: 17  16  15  14  13  12  11  10  9  8  7  6  Older
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