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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Zirax | ZRX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.125 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.125 | 1.125 |
| Top Posts |
|---|
Posted at 22/1/2010 18:44 by ih_170382 32% down and recovered back to level. Maybe zirax will do a raymarine and bounce around for a bit you never know. The large spread and illiquid stock puts off new investors though. I have to say the 9:30am bounce looks very dead cat like. My sympathies to anyone on a loss but it's now about damage limitation. |
Posted at 26/10/2009 15:40 by jimmyjagger Bought in today, small stakes for nowZRX should get the buy confirmed treatment from Britishbulls tomorrow and that will alert a few more investors I also see Barchart have made ZRX a 100%-er |
Posted at 26/6/2009 13:48 by whonosewhy Got a reply from the Investor Relations - they say results will be Monday.Fingers crossed they are positive. |
Posted at 26/6/2009 09:09 by whonosewhy I emailed the investor relations a few days ago and have sent a chaser this morning because I have not had a response except for an Out of office reply saying they were back in teh office on 22nd June.Maybe they are all busy preparing the figures? |
Posted at 01/5/2009 15:40 by whonosewhy I think what we have here is one or two small investors taking a punt that the results might be good and hoping for a quick buck. But at least it looks like some buys have gone through. |
Posted at 30/3/2009 16:56 by masurenguy There is always a case for the contrarian investor ! :o) |
Posted at 30/3/2009 15:38 by masurenguy World Bank warns of social discontent in Russia The World Bank has given warning of serious social discontent in Russia after delivering a bleak assessment of the country's economy. Scotching optimism that the world's largest country may already be in recovery, the bank predicted that Russia's economy is contracting far more sharply than the Kremlin has acknowledged. According to revised government forecasts, the Russian economy will shrink by 2.2% this year. But it its latest economic report on Russia, the World Bank predicts that Gross Domestic Product will actually contract by 4.5% The assessment comes as foreign investors focussed on emerging markets again start to flirt with Russia after months of record capital flight in the wake of last August's war with Georgia and a collapse in the price of oil. The Russian stock exchange's benchmark RTS index has gained over 30% this year alone, outpacing most emerging markets, after a modest recovery in oil and metal prices. But Zeljko Bogetic, the World Bank's lead Russia economist, cautioned against such optimism. "As the crisis continues to spread to the real economy around the world, initial expectations that Russia and other countries will recover fast are no longer likely," he said. Mr Bogetic also warned the Kremlin that it faced popular discontent, especially among Russia's large working class, if social spending was not dramatically increased. "The social situation has worsened so rapidly and so unexpectedly that it is important to shift the focus of the anti-crisis policy to the population," he said. "Since there is a threat of significant social pressure, it would have been clever to pay attention and assign funds for social protection." With the World Bank predicting a rise of unemployment to 12%, Mr Bogetic called on Russia to raise unemployment subsidies by 70% and child welfare benefits by 220%. Russia's fiscally conservative finance ministry has so far been reluctant to raise social spending so dramatically, fearing inflationary pressure. Even so, Russia's budget is expected to run a deficit of over 7.0% this year, against a 4.1pc surplus in 2008, thanks to falling oil revenues, an ambitious stimulus package and a reluctance to cut back on planned infrastructure spending. Despite the size of the deficit, Russia should have little difficulty financing the budget thanks to substantial foreign currency reserves and a healthy oil windfall fund.While the World Bank's forecast is gloomy, it remains more optimistic than the predictions of some government officials who have privately warned that the economy could shrink by as much as 10% in 2009. The World Bank's assessment is predicated on oil prices of $45 a barrel. Russia's Urals blend of crude is hovering at about $50, up from a low of $35 last year. Some strategists predict oil could continue to recover over the next few months thanks to greater discipline in enforcing production cuts by the Organization of Petroleum Countries, of which Russia is not a member. |
Posted at 01/11/2008 08:31 by shavian Buy Zirax at 3.25pAn exclusive tip from Scarlett Moore of Sharecrazy's Premium Service As the summer days draw to an end I have a winter themed tip for you. Zirax (ZRX), which was founded in its original form in 2002, is the world's second largest producer of calcium chloride pellets. The company sells its products into three main industries, oilfield services, through the Oilfield Process Chemicals business, de-icing, through the De-Icing division and industrial chemicals, through the Industrial Chemicals division. For the oilfield services sector Zirax has developed its own branded product, PelletOil, which is a high purity form of calcium chloride. These pellets are used in the oil industry in applications such as drilling muds to cool and lubricate drill bits, in completion fluids for flushing and cleaning drill holes and in enhanced oil recovery technologies to improve oil extraction. In the de-icing business, which until recently provided the company with the majority of its revenues, the company has a long standing relationship with Moscow City Council, to which it supplies its IceMelt and calcium chloride products. Calcium chloride have many advantages over traditional salt and sand based de-icing as it is melts ice faster, is more environmentally friendly, as it does not corrode metal or harm vegetation, and requires smaller quantities to achieve the same result as salt. Finally, the smallest division of the business, by revenues, is the industrial chemicals division. The company's UniPell calcium chloride product is used in a range of industrial applications including in wastewater treatment for removing contaminants, in concrete manufacture as a setting aid and even as a firming agent in cheese. Zirax manufactures its calcium chloride from a plant located in Volvograd, Russia, where capacity was increased last year to 115,000 tonnes. In addition, Zirax has recently added new capacity to the tune of 55,000 tonnes through an agreement with the international chemical and pharmaceutical group Solvay, whereby Zirax will earn two-thirds of production from the recently opened Rosignano plant in Italy. The company issued interims the other day which were below forecast and the shares have crashed as a result. That is where the value now comes in. The company has recently announced a couple of significant contracts although they may not boost the bottom line until 2009. Firstly, the company has won a deal to supply Bucharest City Council with de-icing products. Under the agreement Zirax will supply 2,000 metric tonnes of de-icing products to the Romanian capital city in the 2008/09 winter season. This deal follows a trial of the company's products which was carried out last year. Secondly, Zirax has won a contract to supply its PelletOil calcium chloride products to oil drilling operations in Azerbaijjan. The pellets will be used in the Azeri-Chirag-Guneshl *The value of investments can go down as well as up. Past performance is no guarantee of future success. Investing in equities can lose you part or all of your capital. The tips given here are of necessity, general. They cannot relate to the individual circumstances of investors. Anyone considering following the recommendations contained here should seek independent advice. Investments in smaller company shares, by their nature, can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares. Zirax's house broker expects the company to post revenues of $40.5 million, pre-tax profits of $2 million and earnings per share of 0.78 cents in the year to 31st December 2008. As production from the recently opened Italian plant is ramped up in 2009 earnings will zoom ahead to 2.9 cents - shall we call that 1.53p. The shares are thus trading on a 2009 multiple of just 2.12. Capitalised at £11.63 million Zirax is also currently trading at a discount to net assets of $29.64 million (£16.28 million) as at 31st December 2007. I rate the shares a BUY. Key Data EPIC: ZRX Market: FULL Spread: 2.5p-4p (37.5%) |
Posted at 21/6/2008 16:08 by bookworm1 Hi guys I looked at this in April just prior to the results & after it had fallen from 12p to 11p. Whilst it seems to have everything going for it on the fundamentals the concentrated shareholding gave me cause for concern. Despite the announcement of good results the share price fell to its current price of 9p. IMO until the major shareholders have reduced their stake few investors will want to invest in a company where control is in the hands of so few. But diluting control means that more shares will have to be sold and currently the market has little appetite for that at the moment. Thats how I read the situation at the moment. I hope I am wrong but I would rather wait another year to see how things develop. A dividend might help. Good luck. |
Posted at 28/5/2008 13:49 by carlos panda I'm always amazed to see investors selling for no reason other than the price dropping following a sale in an illiquid stock. A too-strict adherence to stop-losses in a small cap like this can only end in tears! I look forward to to increasing my holding soon - although with so many great bargains around at the moment (GNG,GTE,HAIK etc) it's not easy to prioritize... |
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