Zirax Share Discussion Threads

[stegrego] 26/8/2008 13:33

20% now - somethings a foot... (apart from my appendage ;) )

No doubt we will get the usual 'The company knows no reason' etc RNS shortly.

Pity companies dont tend to put out the 'We know no reason for the 50% drop in share price over the past 6 months' type RNS....

[parveen1] 26/8/2008 13:24

bid rumour/stake building/ imminent news?

who knows?

enjoy it

[stegrego] 26/8/2008 13:11

10% up all of a sudden....

has the world gone mad???

[azalea] 13/8/2008 12:39

The fact that the management is Russian more reason to believe that it is well protected. ZRX is too small to attract any political influence, whereas the problems facing BP are of enormous significance both politically and economically. The Interims will be a far more accurate pointer of how ZRX is fairing and all being well on the bottom line, should attract positive attention whilst going into winter.

[masurenguy] 13/8/2008 11:47

I believe that it is. The share price is very undervalued in relation to company fundamental but do prospective shareholders feel confident that their interests will be well looked after in a Russian company.

It does not matter at all that it is quoted on AIM in London - it is still a Russian company with Russian management and the majority of sales and assets inside Russia !

[greengnu] 13/8/2008 10:58

I'm still trying to get my head around this.
Last balance sheet in dec 2007 net current assets £12.2 million and total net assets £29.6 mllion AND A MARKET CAP today of just £12.2 - so the compnay is beiung values only at current assets?? Is it the Russian connection that is causing negative perceptions?

[azalea] 13/8/2008 09:08

Interims next month.

[bookworm1] 12/8/2008 22:52

too many shares with too few people?

[greengnu] 12/8/2008 22:35

Why is this share price so low - good net assets including cash?

[azalea] 12/8/2008 17:03

The risks are minimal, unless you can point to specific issues with regards to ZRX itself, which is after all a UK AIM listed company and has recently won a contract from Moscow City Council.

[masurenguy] 12/8/2008 16:43

The company may be underrated but there are far too many political risks involved
in a Russian company for most western based shareholders to find acceptable !

[studhaves] 01/8/2008 16:19

I still believe that these are a severely underrated company.

[parveen1] 31/7/2008 17:12

there is no steady stream of selling

just the odd sell here and there and sadly no lack of buyers

6.75p to buy today,

i hold 30k in a sipp purchsed at 10.75, in for the long haul

will add more if they close the spread

[whonosewhy] 31/7/2008 16:58

This looks worrying now just a steady stream of people selling and the price dropping like a stone.

Very depressing !

[whonosewhy] 29/7/2008 15:02

You have to wonder if the BP situation is causing some concern here too.

Is the connection to Russia causing enough worry to keep the share price depressed or do we still have an overhang to clear?

I guess the hope is that the key staff have good relations with Moscow and Zrx can keep making profits.

The fundamentals still look sound to me, profit being made, no debt, acquisition done as promised, new factory open as promised. Diversification to non reliance on Moscow deicing contract also clearly evident. Moscow contract renewed again.

Long term picture looks good to me.

[masurenguy] 26/7/2008 12:15

"azalea - 26 Jun'08 - 279 of 282: Regardless of who controls/operates the oil and gas drillings ZRX products will always be needed."

True but BP is a shining example of what can happen to foreign shareholder interests in Russian owned companies.

[whonosewhy] 08/7/2008 18:57

everyone is busy fastening their tin hats firmly in place elsewhere!

[studhaves] 08/7/2008 15:31

Hardly a lot of enthusiasm here.

[azalea] 26/6/2008 15:58

Regardless of who controls/operates the oil and gas drillings ZRX products will always be needed.

[studhaves] 26/6/2008 13:17

Yes, but they're not actually producing oil or gas, & they are a minnow compared to those who are. The underlying reason behind the Oil & gas problems is people wanting kickbacks - they're not going to get much from a company making under a million profit are they.

[masurenguy] 26/6/2008 13:15

OPC for the O & G sector is now just over 50% of their business !

[studhaves] 26/6/2008 13:09

Most of the Russian problems tend to revolve around oil & gas - ie where the serious money is. I don't think ZRX have much to fear yet.

[masurenguy] 26/6/2008 10:41

Matra Petroleum says Arkhangelovskoe shareholder starts legal claim against co

LONDON (Thomson Financial) - Matra Petroleum Plc. said a previous 50% shareholder in its recently acquired 'OOO' Arkhangelovskoe has started legal proceedings in Russia to nullify the acquisition. Kompania Gaz i Neft is suing Matra and its subsidiary, Matra Cyprus Petroleum Limited, claiming that Arkhangelovskoe was not formed in full compliance with Russian laws due to a non-compliance issue on Matra and the unit's part and that the company should be reregistered under its original ownership.

Matra said it acquired 'OOO' Arkhangelovskoe in April 2007 and holds the
company's Russian assets, including the Arkhangelovskoe exploration license in
Orenburg. Matra said the board believes the company will prevail in the Russian courts and in any arbitration. "Full compliance with Russian law was warranted by the management and owners of Kompania Gaz i Neft within the acquisition agreement, being an agreement subject to English Law," Matra said. It said that it has moved that the matter be referred to the London Court of International Arbitration. The Moscow Regional Court hearing is set for July 9.
...............................................................................

Obviously this has nothing to do with Zirax but it is illustrative of the risks surrounding Russian stocks. BP also suffered in similar circumstances.

Zirax looks to have good potential and it is not overvalued at the current price either but it is subject to negative sentiment for the above reason and that probably has impacted the share price.