Zirax Share Discussion Threads

[widef] 22/4/2009 12:13

Thanks Masurenguy

Just hoping now they are strategically position in Italy and able to serve the North African Oil fields and Midlle East with ease they can produce some blinding figures

[masurenguy] 22/4/2009 12:06

Well that is one of their two core markets so I suppose the answer would have to be a qualified yes. However their prospects in that context are also gated by their competitive position with other chemical suppliers both in terms of product quality and price. I don't have the relevant market data to make that evaluation so I really don't know how competitive they are in that sector !

[widef] 22/4/2009 11:37

Guys

Quick question could Zirax be considered to be in t Oil Service Industry, since they supply ancillary products crucial to the effiecniet extraction of oil ?

[whonosewhy] 22/4/2009 08:52

All quiet on the Eastern front?

[koolio] 16/4/2009 18:02

Should be reasonable, but I prefer results to be posted ealier in the week.

[koolio] 16/4/2009 18:02

FINGERS & TOES are crossed for the results.

[whonosewhy] 16/4/2009 16:51

What do we think - will 007 in Russia let the results out tomorrow or another week perhaps?

[lecks17] 08/4/2009 17:24

whonosewhy i have noticed that theres always some large trades just before a announcement think we may have a Russian spy 007

[whonosewhy] 08/4/2009 16:55

For zrx that was some big volume today !

Obviously everything is relative.

I think it was possibly two buys? I wonder if it is someone having a punt that the figures are coming next week and we may see a rise.

[lecks17] 05/4/2009 22:07

shall we get some news this week ?
Last prelim announcement 7 Apr 2008 was last year so if the dates are the same this year it should be next week

[masurenguy] 30/3/2009 16:56

There is always a case for the contrarian investor ! :o)

[whonosewhy] 30/3/2009 16:53

good find - thanks masurenguy

I am happier thinking people are selling because of the Russia story than people who have heard word on the profit figures.

Maybe I am mad!

[masurenguy] 30/3/2009 15:38

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.

[azalea] 24/3/2009 08:05

I think once we get the FY results for 2008, we will have a much clearer picture of future prospects. A new broker's forecast and comments by the IC will also help in that respect.

[widef] 23/3/2009 23:02

I am not sure that the result to the end of this FY will be mind blowing, but I did see somewhere I think on Digital Outlook that the forecast EPS for YE 2010 was estimated @ 260% rise.

I cannot see why they would not achieve this, Italy will have been well bed in by now and oil is on the rise.

I do think a dividend strategy will be the way forward from here though

[whonosewhy] 23/3/2009 18:22

I think it may take some sort of dividend strategy announcement to spark some interest in buying the shares.

It would be nice to think they would consider commenting on it when the results are announced.

Hopefully the results will be positive and allay my fears.

Nice to see some positivity on here - I remain convinced that the company is doing the right things in the right way but as was commented my fear is that even that does not produce much reaction in the market and the management think that de-listing will just save some cash and the listing has no real benefits going forward.

I sincerely hope they blow us away with the results and we all make some money!

[tricky1992000] 23/3/2009 18:06

i wonder how long it will be before zirax start paying dividends?

[azalea] 22/3/2009 07:57

ZRX has a significant foothold in two major businesses - the environmental friendly de-icing of major cities and drilling for oil, neither of which is ever going to disappear. Large major holdings suggest to me that management have every incentive to drive the company through the downturn of sentiment in the oil industry, in which prices are now on the rise and boom times will without a shadow on doubt return.

[widef] 21/3/2009 19:59

Zirax are involved in the Oil Industry. How long can the market ignore them once the Crude price starts to rise again and Zirax continues to deliver what it promised.
I firmly believe the companies of the future are those that can deliver solid profits without "funny Accounting" and have good cash management skills. Zirax fits that bill.

The shares are quite tightly held so even a little bit of interest on the back of some good figures could send these north again quite rapidly!!

[widef] 21/3/2009 18:36

Oh dear the future could be bleak, but however I assume you are still entitled to dividends should and when the Co decide to distribute ?

[masurenguy] 21/3/2009 16:47

You are left holding shares in a private company with no market where you can sell them. You are then dependent upon either persuading the company to buy them back from you - and the price will be low because there are no other options - or to wait and hope that they are bought out by a third party thereby crystallising value and payment for your shares.

[widef] 21/3/2009 13:37

What is the implication for shareholders if the company decides to delist ?

[whonosewhy] 18/3/2009 21:58

I share the de listing concern.

I have been thinking it for a few months now.

The company comes to the market and pretty much delivers exactly what it intended to do and watches whilst no one trades and the price just falls.

If they have done what they wanted when the IPO went ahead why stay listed?

[koolio] 18/3/2009 16:50

i hope that they remain listed, I still like them dispite the fact that i'm gettin canned.