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(ENRT.L) Environmental Recycling Technologies PLC Buy/Sell
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Summary
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| Date/Time | Headline | Source |
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| 04-03-10 | RNS |
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RNS Number : 0880I Environmental Recycling Tech. PLC 04 March 2010 A number of non material typographical changes have been made to the 'Trading Statement' announcement released on 4 March 2010 at 7.00a.m. under RNS No: 0294I The changes are identified with an asterisk (*). Environmental Recycling Technologies Plc Trading Update Environmental Recycling Technologies Plc ("ERT" or "the Company") the owner and developer of the innovative Powder Impression Moulding plastic forming process ("PIM Process") wishes to update the market with regard to its trading performance ahead of the publication of its preliminary results for the year ended 31 December 2009*. Following the departure of the Company's previous Chief Executive Officer, the present management took control of the business in March 2008 and from then until now have sought to re-focus and restructure the business. In particular the Board since its appointment has taken action to terminate various costly research and development programmes, significantly reduce the ongoing costs of the Company and, where possible, seek to out-licence the PIM Process to accelerate its commercialisation. The Board is pleased to report that this strategy has now largely been successful*. In January 2010, the Company announced that its licensee, 2k Manufacturing Ltd ("2k"), has signed a consolidated Master Flat Sheet licence extending the rights of their existing flat sheet licence to cover the whole of the World. This licence will lead to future revenue for the Company, as previously outlined, and highlights the commercial potential of the PIM Process. Further to the 2K licence, the Board during 2009 has entered into a number of other new licence arrangements with various companies from a wide range of sectors and geographical locations. The sectors included construction, defence and marine as well as environmentally focused organisations. As previously announced the Board will announce details of these licences and any associated developments of these licences when they have a material impact on the operational or financial performance of the Company. The Board has been able to significantly cut the ongoing costs of the Company from those reported in the 2008 full year results. This has been assisted by the conclusion of a number of development programmes in 2009, which included the Contour Shower programme*. This coupled with the resolution of outstanding litigation and the reduction of debt via the issue of shares as announced over the past two months has significantly improved the financial position and prospects of the Company. Whilst a number of uncertainties remain in relation to the future funding of the Company, including the need to extend existing loan arrangements, the Board hopes to be able to repay further debt and also announce an extension to its existing loan arrangements in the near future. As at 31 December 2009*, the Company had cash of approximately £204,000. Overall, while significant work is still required, the Board believes the benefits of the new strategy and the restructuring undertaken since March 2008 are starting to be felt and therefore the prospects of the Company are positive. 4 March 2010 ENQUIRIES:
Roger Baynham (Managing Director) Ken Brooks (Chairman)
Tim Worlledge Bobbie Hilliam This information is provided by RNS The company news service from the London Stock Exchange END
TSTUGUQAWUPUGGC More |
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| 04-03-10 | RNS |
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RNS Number : 0294I Environmental Recycling Tech. PLC 04 March 2010 Environmental Recycling Technologies Plc Trading Update Environmental Recycling Technologies Plc ("ERT" or "the Company") the owner and developer of the innovative Powder Impression Moulding plastic forming process ("PIM Process") wishes to update the market with regard to its trading performance ahead of the publication of its preliminary results for the year ended 30 December 2009. Following the departure of the Company's previous Chief Executive Officer, the present management took control of the business in March 2008 and from then until now have sought to re-focus and restructure the business. In particular the Board since its appointment has taken action to terminate various costly research and development programmes, significantly reduce the ongoing costs of the Company and, where possible, seek to out-licence the PIM Process to accelerate its commercialisation. The Board is pleased to report that this strategy has now largely been completed. In January 2010, the Company announced that its licensee, 2k Manufacturing Ltd ("2k"), has signed a consolidated Master Flat Sheet licence extending the rights of their existing flat sheet licence to cover the whole of the World. This licence will lead to future revenue for the Company, as previously outlined, and highlights the commercial potential of the PIM Process. Further to the 2K licence, the Board during 2009 has entered into a number of other new licence arrangements with various companies from a wide range of sectors and geographical locations. The sectors included construction, defence and marine as well as environmentally focused organisations. As previously announced the Board will announce details of these licences and any associated developments of these licences when they have a material impact on the operational or financial performance of the Company. The Board has been able to significantly cut the ongoing costs of the Company from those reported in the 2008 full year results. This has been assisted by the conclusion of a number of development programmes in 2009, including the Contour Shower programme and the TSB development project. This coupled with the resolution of outstanding litigation and the reduction of debt via the issue of shares as announced over the past two months has significantly improved the financial position and prospects of the Company. Whilst a number of uncertainties remain in relation to the future funding of the Company, including the need to extend existing loan arrangements, the Board hopes to be able to repay further debt and also announce an extension to its existing loan arrangements in the near future. As at 30 December 2009, the Company had cash of approximately £204,000. Overall, while significant work is still required, the Board believes the benefits of the new strategy and the restructuring undertaken since March 2008 are starting to be felt and therefore the prospects of the Company are positive. 4 March 2010 ENQUIRIES:
Roger Baynham (Managing Director) Ken Brooks (Chairman)
Tim Worlledge Bobbie Hilliam This information is provided by RNS The company news service from the London Stock Exchange END
TSTBSGDXSDGBGGX More |
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| 25-02-10 | RNS |
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RNS Number : 7058H Environmental Recycling Tech. PLC 25 February 2010 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
of existing shares to which voting rights are
attached:ii
2 Reason for the notification(please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result
in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
notification obligation:iii
(if different from 3.):iv
which the threshold is crossed or
reached:v
reached:vi, vii
8. Notified details:
A: Voting rights attached to sharesviii, ix
if possible using
the ISIN CODE
GB0030949472
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
None
C: Financial Instruments with similar economic effect to Qualifying Financial Instrumentsxv, xvi
Resulting situation after the triggering transaction
Total (A+B+C)
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:xxi The Royal Bank of Scotland Group plc (18.16%) RFS Holdings N.V. (18.16%) ABN AMRO Holdings N.V. (18.16%) The Royal Bank of Scotland N.V. (formerly ABN AMRO Bank N.V.) (18.16%) Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights:
This information is provided by RNS The company news service from the London Stock Exchange END
HOLTAMFTMBBTBRM More |
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| 15-02-10 | RNS |
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RNS Number : 1811H Environmental Recycling Tech. PLC 15 February 2010 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
of existing shares to which voting rights are
attached:ii
2 Reason for the notification(please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result
in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
notification obligation:iii
(if different from 3.):iv
which the threshold is crossed or
reached:v
reached:vi, vii
8. Notified details:
A: Voting rights attached to sharesviii, ix
if possible using
the ISIN CODE
GB0030949472
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
None
C: Financial Instruments with similar economic effect to Qualifying Financial Instrumentsxv, xvi
Resulting situation after the triggering transaction
Total (A+B+C)
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:xxi The Royal Bank of Scotland Group plc (19.98%) RFS Holdings N.V. (19.98%) ABN AMRO Holdings N.V. (19.98%) The Royal Bank of Scotland N.V. (formerly ABN AMRO Bank N.V.) (19.98%) Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights:
13. Additional information: This Notification is based upon the Voting Rights figure of 346,484,573 obtained from FT information
This information is provided by RNS The company news service from the London Stock Exchange END
HOLZMGMZNKDGGZM More |
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| Date/Time | Subject | Author | ||
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| 18:58 | ||||
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I believe Yorkville have hardly converted any of the loan into equity in past year. The reason being stock has to be issued at 2.5p or more and so unless share price is above 2.5p they are cutting a loss if they then sell stock in market. If Yorkville convert all their debt at 2.5p then you are looking at 450m shares in total.
The company don't really want price above 2.5p until they have a bit more cash as once they have cash they can pay them off in cash rather than suffer greater dilution for shareholders. I think they can be repaid at £50,000 per week. I think Yorkville will be quite relaxed now 2k is up and running. I have forgotten how big the Yorkville loan got to but it is less than a third of what it was. The alternative is, as I have suggested, get a bank loan secured against Luton revenues and repay Yorkville in full to stop any dilution. |
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| 16:23 |
BUY
Re: 2K Expansion
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I honestly don't think a 2p dividend is out of the question purely on the basis that 2k can scale up and replicate their business.
If this idea (PIM) does get off the ground after years of false starts then it really could be a worldwide success. All the rumoured tie-ups and different applications in the US might become more than rumours too. I do wonder what Yorkville have been doing with their shares they have been getting in lieu of cash for the debt. ABN AMRO bought their shares at much higher prices I think, so I wonder what their thoughts would be. PIs seem to hold over 30% according to the number of shares held in nomineee accounts. Difficult to know what price people would let their shares go for. Even I have no real idea....... |
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| Fri 18:57 | ||||
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Takeover is an issue and something I have mentioned before. It would fairly much depend on the RBS shareholding and how they would vote. The rest of shareholders are generally long term holders and see the potential and waiting another 2 years for dividend income is probably more attractive than selling out for 5-10p now. I am hoping for a 1.5-2p dividend in 2 years....what an optimist I am!
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| Fri 14:16 | ||||
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Watch out for 2K expansion plans coming forward
A summer of good news may be on the way. (No this is not a barbecue weather forecast!) Can only be good news for ENRT share price although a takeover is a possibility while price is depressed DYOR |
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