Monday 30th of August
No news from portfolio companies.
Tuesday 31st of August
Emblaze (BLZ) announced half year results which were generally good due to the good performance of Formula Systems, however the discontinuation of the Else mobile impacted on results.
Goldenport (GPRT) announced results which were lower than the previous year. However the management expect things to pick up and revenues to increase as newly built ships are brought into service.
Capital Group
Saturday, 4 September 2010
Luba Freeport potentially the jewel in Lonrho’s crown
Lonrho today announced that TENARIS, a world leader in tubular products and related services for the world's energy industry has agreed to establish a logistics facility at Luba Freeport. Initially they will occupy a temporary facility with a permanent 10,000m2 storage and wash bay facility should be operational by December. The design of the facility has been engineered so that it could easily be expanded up to 60,000m2 as new contract are won.
With the opening of this logistics facility
With the opening of this logistics facility
Emblaze group interim results and potential sale of stake in Formula Systems
Update 03/09/10 just a day after posting the below it has now been confirmed that a sale has been agreed for just under $140million. This equates to about 81p a share and it needs to be ratified by the shareholders. I'm hoping we see a large chunk of this cash via a special dividend.
It’s been a strange few days for Emblaze, on Tuesday they announced their interim results in which they mentioned that they were evaluating several strategic options for the group. The very next day they
It’s been a strange few days for Emblaze, on Tuesday they announced their interim results in which they mentioned that they were evaluating several strategic options for the group. The very next day they
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