Great News Today!!!

I had 3 RNS this morning, from Greencore, Red Rock and Tristar Resources.

Greencore Group issued their annual results which were good, sales up 8.7%, profit flat and EPS up 20%!! Bearing in mind the costs associated with the Northern Foods merger and the UNIQ takeover. The bottom line for me is that the final dividend is 2.3c which is a good incentive not to sell! 20000 shares were bought in the first 15 mins of trading so I suspect that the market liked the news.

Good news from TSTR with Interim Sampling Results for Stanley Claims Geochemical Programme in Canada. These gave a good indication of antimony plus other minerals like gold and silver. It was not the news I was looking for, the JORC on Goynuk, but it was good news anyway. The market seemed to like the news and the sp was up 0.2p and several million shares had been traded early on.


The final RNS was the gold sales  update from Redrock for its Columbian El Limon mine. These were up 2.3% but no great shakes really. They also said that the results in December would be lower because of the holidays and maintenance. The market wasn't so keen on this and the sp dropped!

Greencore Group GNC

Found a couple of links for Greencore today and interesting Youtube video. The OFT decision on the Greencore UNIQ takeover was full of interesting facts and percentages. So now just waiting for the deal to be signed sealed and delivered. Fascinating to see that Greencore does the stuff for Gordon Ramsay.

Greencore Group GNC

This afternoon Greencore issued an RNS stating that the offer for UNIQ was now unconditional, so now there should be 20 days before everything is signed, sealed and sorted. Greencore's results are due on Decemeber 6th and I hope that will be a nice Christmas present!

Despite all the doom and gloom yesterday in the markets, VOG, TSTR and FRR held up reasonably well. Just one week to go before TSTR issue their interim results and I hope the sp goes up a lot!!

Greencore Group GNC

I found this link yesterday about the takeover of UNIQ and hope that they are able to get a move on soon. The year end is 30th September so results should be in November. The interim dividend is due for payment 5th October, so there is a lot going on at the moment.

The other day I set an alert for GKN for when they dropped below 180p. They went down to 176 and yesterday closed at 190 so if I had bought GKN shares instead of VOG I would have had a nice little earner from a FTSE company. I am going to follow GKN for a while as I wouldn't mind building a holding in them.

Tristar Resources TSTR

Slowly but surely the sp is starting to rise! The sp closed at 1.08p yesterday and in my view this will come good and possibly in the not too distant future.I think perhaps for big returns it is still 2 years off but my year end we could see a modest improvement, maybe 1.5-2p. In the meantime the demand for antimony is still strong.

I transferred some Euros into my account yesterday ready for next week when the Greencore rights issue is active.I am on holiday so I hope everything goes OK and I will be adding more shares once I have taken up my rights issue. When the UNIQ deal is done it will be interesting to see which market they are traded in as they have ambitions to get into the FTSE!

End of week round up

Some good bits this week with Red Rock Resources making a bit of a recovery and finishing above 7p. They have had a report on them by Edison group which is very positive and I am looking forward to Red Rock making good progress by the end of the year. This is one of my top slice shares.


Tristar Resources are also making some progress and are doing a joint venture to build an antimony processing plant.They wouldn't do that unless they had lots of antimony to process so again another one of my topslice shares.

Victoria oil and gas did a draw down of 600k GBP and as yet no-one is clear what it is for. However, the sp dropped a little but as each day passes we are getting closer to gas being delivered and revenues being generated.

Yesterday Greencore Group issued an RNS stating they had agreement to purchase UNIQ and this should happen by end of September. Slight concern for me is that I will be on holiday when the rights issue is carried out and I don't want to miss getting my shares and getting some more as well. I expect the sp to drop and then recover over the next few months.

My pf is still all red but I do see a few glimmers and it would be nice to see some blue by the end of August.

Same old, same old!!

I am having a weeks holiday at the moment but nothing much is happening. AIM seems to be following market forces, situation in USA, problems with the Euro and my shares are moving up and down like a cork bobbing in the water. I have just re-done my sell orders for the end of September and I am not very confident that any of them will sell.

GNC look promising with the takeover of UNIQ, VOG has had to buy out one of its partners in Cameroon and nothing is happening with PTCM. TSTR seem to be gaining a little momentum but nothing startling.Perhaps I will have to wait until after the summer for my shares to pick up!

Greencore Group

Big news today, first interim results which showed good sales and profits! Then takeover news of UNIQ and as a result the sp of UNIQ shares went up 22% and Greencore went down 11%!  Acquisition to be funded through a fully underwritten 5 for 6 rights issue at €0.46 per share to raise approximately €80.2 million, and a new debt facility. The Prospectus will be posted to Greencore Shareholders on or about 15 July 2011. Its all shaping up to be rather interesting!