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(GTL.L) GTL Resources PLC Buy/Sell
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| Date/Time | Headline | Source |
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| 27-01-10 | RNS |
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RNS Number : 2212G GTL Resources PLC 27 January 2010
of existing shares to which voting rights are
attached:
2 Reason for the notification (please tick the appropriate box or boxes):
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):
obligation: 4. Full name of shareholder(s)
(if different from 3.):
date on which the threshold is
crossed or reached: v
notified:
crossed or reached:
8. Notified details:
A: Voting rights attached to shares
if possible using
the ISIN CODE
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
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: 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 information is provided by RNS The company news service from the London Stock Exchange END
HOLPGUWGGUPUGAM More |
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| 20-01-10 | RNS |
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RNS Number : 8316F GTL Resources PLC 20 January 2010
GTL Resources PLC ("GTL" or the "Group") Trading Update GTL Resources PLC (AIM: GTL.L), the US based bio-refining company, announces record performance at its majority owned subsidiary Illinois River Energy LLC (IRE) for the month of December 2009 and provides a trading update. IRE operates a nameplate 100 million gallon per annum (mgpa) ethanol production facility in Illinois USA. In December 2009, IRE realised record operational and commercial performance (unaudited). From an operational perspective, IRE sold 9.8 million gallons of ethanol and 24.2 thousand tons of dried distillers grains with solubles (DDGS). This record operational performance was coupled with strong commercial results for the month, as market commodity margins in the fourth quarter of 2009 have continued to improve from September 2009 levels. As previously announced, structural damage to the corn silo caused a brief shutdown of the plant in February of 2009. Temporary fixes have enabled the silo to run safely, albeit with reduced corn levels. Management is currently evaluating permanent solutions, while negotiating with both constructors and insurance providers to ensure full compliance with all contractual requirements. In addition, the plant has now fully recovered from the fire that occurred in October of 2009 during its regular maintenance shutdown. Losses incurred due to the repair and replacement of the damaged equipment, and business interruption losses, are expected to be primarily covered by insurance policies. Initial payments towards these claims have been received from the insurance carriers. Trading Update US industry supply and demand dynamics continue to improve since the Group reported its interim results in November 2009. Initial estimates reflect an overall 2009 US ethanol demand of approximately 10.7 billion gallons, with demand in the month of December pacing at an annual rate of 11.4 billion gallons. This compares to an installed production capacity at year end of approximately 13.7 billion gallons, yielding an industry capacity utilization rate of 83% in December 2009. Management believes this steady increase in capacity utilization, coupled with strong year end buying by the ethanol blending industry to satisfy their Renewable Fuel Standard (RFS) blending obligations, has spurred this calendar year's strong finish in commodity margins. Looking forward, industry experts forecast ethanol demand for 2010 to be approximately 12.1 billion gallons, increasing to an annual rate of 12.5 billion gallons by December 2010. Supply is expected to keep pace with this increase in demand as production facilities that were previously shut down during the poor margin periods in 2008 and early 2009 are now being re-commissioned. Another major factor affecting 2010 industry margins will be the price of corn versus the price of ethanol. On 12 January, the United Sates Department of Agriculture (USDA) reported it expects the 2009/2010 crop year corn production to come in at a record level of approximately 13.2 billion bushels. This should provide the industry with more than adequate corn feedstock to support the increased ethanol production levels mentioned earlier, in addition to fulfilling demand for food and feed applications. Even though these supply and demand indicators point to strong commodity margins moving forward, other macro-economic forces may limit this strength. Regulatory considerations that may impact the US ethanol industry in 2010 include: the US 45 cent Volumetric Ethanol Excise Tax Credit (VEETC) and import tariff both expiring on December 31, 2010; the US EPA's ruling on the requested increase in allowable ethanol blending to 15% from 10% expected this summer; potential carbon legislation pursued in the United States Congress; and the US EPA's communication of blending obligations for 2010 and their final ruling on the implementation of RFS2. In addition, various individual States like California have passed or are considering legislation that may favourably or unfavourably affect the demand of ethanol as a transportation fuel. Our industry's two main lobbying groups, the Renewable Fuels Association and Growth Energy, are actively campaigning in Washington DC and at the various State levels for ethanol to receive fair and scientifically objective treatment in all these matters. With the recent commodity margin rally in the ethanol industry coupled with GTL's strong operational performance since September 2009, the Group expects to report improved results in the second half. Commenting on the announcement, Group Chief Executive Officer Richard Ruebe said: "We are extremely pleased with the team at IRE. Since September 2009, the operations team has optimised asset performance and the transactions team has achieved strong commercial results. We have established a new performance benchmark for our organisation and are looking forward to the new year. We continue to evaluate growth opportunities in the ethanol industry, while exploring new technologies that will allow GTL to expand its revenue base." For further information please contact:
GTL Resources
Arbuthnot Securities Limited +44 20 7012 2000 James Steel Antonio Bossi
Charles Ryland Ben Romney This information is provided by RNS The company news service from the London Stock Exchange END
TSTUROWRRRAAURR More |
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| 20-01-10 | RNS |
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RNS Number : 8316F GTL Resources PLC 20 January 2010
GTL Resources PLC ("GTL" or the "Group") Trading Update GTL Resources PLC (AIM: GTL.L), the US based bio-refining company, announces record performance at its majority owned subsidiary Illinois River Energy LLC (IRE) for the month of December 2009 and provides a trading update. IRE operates a nameplate 100 million gallon per annum (mgpa) ethanol production facility in Illinois USA. In December 2009, IRE realised record operational and commercial performance (unaudited). From an operational perspective, IRE sold 9.8 million gallons of ethanol and 24.2 thousand tons of dried distillers grains with solubles (DDGS). This record operational performance was coupled with strong commercial results for the month, as market commodity margins in the fourth quarter of 2009 have continued to improve from September 2009 levels. As previously announced, structural damage to the corn silo caused a brief shutdown of the plant in February of 2009. Temporary fixes have enabled the silo to run safely, albeit with reduced corn levels. Management is currently evaluating permanent solutions, while negotiating with both constructors and insurance providers to ensure full compliance with all contractual requirements. In addition, the plant has now fully recovered from the fire that occurred in October of 2009 during its regular maintenance shutdown. Losses incurred due to the repair and replacement of the damaged equipment, and business interruption losses, are expected to be primarily covered by insurance policies. Initial payments towards these claims have been received from the insurance carriers. Trading Update US industry supply and demand dynamics continue to improve since the Group reported its interim results in November 2009. Initial estimates reflect an overall 2009 US ethanol demand of approximately 10.7 billion gallons, with demand in the month of December pacing at an annual rate of 11.4 billion gallons. This compares to an installed production capacity at year end of approximately 13.7 billion gallons, yielding an industry capacity utilization rate of 83% in December 2009. Management believes this steady increase in capacity utilization, coupled with strong year end buying by the ethanol blending industry to satisfy their Renewable Fuel Standard (RFS) blending obligations, has spurred this calendar year's strong finish in commodity margins. Looking forward, industry experts forecast ethanol demand for 2010 to be approximately 12.1 billion gallons, increasing to an annual rate of 12.5 billion gallons by December 2010. Supply is expected to keep pace with this increase in demand as production facilities that were previously shut down during the poor margin periods in 2008 and early 2009 are now being re-commissioned. Another major factor affecting 2010 industry margins will be the price of corn versus the price of ethanol. On 12 January, the United Sates Department of Agriculture (USDA) reported it expects the 2009/2010 crop year corn production to come in at a record level of approximately 13.2 billion bushels. This should provide the industry with more than adequate corn feedstock to support the increased ethanol production levels mentioned earlier, in addition to fulfilling demand for food and feed applications. Even though these supply and demand indicators point to strong commodity margins moving forward, other macro-economic forces may limit this strength. Regulatory considerations that may impact the US ethanol industry in 2010 include: the US 45 cent Volumetric Ethanol Excise Tax Credit (VEETC) and import tariff both expiring on December 31, 2010; the US EPA's ruling on the requested increase in allowable ethanol blending to 15% from 10% expected this summer; potential carbon legislation pursued in the United States Congress; and the US EPA's communication of blending obligations for 2010 and their final ruling on the implementation of RFS2. In addition, various individual States like California have passed or are considering legislation that may favourably or unfavourably affect the demand of ethanol as a transportation fuel. Our industry's two main lobbying groups, the Renewable Fuels Association and Growth Energy, are actively campaigning in Washington DC and at the various State levels for ethanol to receive fair and scientifically objective treatment in all these matters. With the recent commodity margin rally in the ethanol industry coupled with GTL's strong operational performance since September 2009, the Group expects to report improved results in the second half. Commenting on the announcement, Group Chief Executive Officer Richard Ruebe said: "We are extremely pleased with the team at IRE. Since September 2009, the operations team has optimised asset performance and the transactions team has achieved strong commercial results. We have established a new performance benchmark for our organisation and are looking forward to the new year. We continue to evaluate growth opportunities in the ethanol industry, while exploring new technologies that will allow GTL to expand its revenue base." For further information please contact:
GTL Resources
Arbuthnot Securities Limited +44 20 7012 2000 James Steel Antonio Bossi
Charles Ryland Ben Romney This information is provided by RNS The company news service from the London Stock Exchange END
TSTUROWRRRAAURR More |
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| 07-01-10 | RNS |
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RNS Number : 2204F GTL Resources PLC 07 January 2010 7 January 2010 GTL Resources PLC ('GTL' or the 'Company') Change of registered office address GTL Resources PLC (AIM: GTL), the US based ethanol production and project development company, announces that it has changed its registered office address to: 45 Moorfields London
EC2Y 9AE
UK with immediate effect. All other contact details for the Company remain unchanged:
For further information please contact:
GTL Resources PLC
James Steel Antonio Bossi
Charles Ryland Ben Romney This information is provided by RNS The company news service from the London Stock Exchange END
CROKKODBABKDBDK More |
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| Date/Time | Subject | Author | ||
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| Sun 21:52 | ||||
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Noticed that one of the companies mentioned in the bloomberg report
had just had bagged a bargain in buying 3 plants producing 330 million gallons for $725 million. Now if Gtl are producing 120 million gallons then it must be a bargain with a mkt cap of $250million or £150 million. But gtl has a mkt cap of £25 million, see where im coming from, this has to be the bargain of the century. |
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| Sun 16:15 | ||||
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hi,youcan find the story on bloomberg .com ,just type in, gates $44 million loss in news search, also watch video , i am just being cautious on my forecast ,i do belive that gtl are going in the right direction and that with obama behind ethanol we should see steady progress.
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| Sat 18:21 |
BUY
Re: results.
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Why do you think that the mkt cap should be 50m when biofuel energy has mkt cap of 100 m and they are losing money. This would also be a pe of approx 4 on your forecast of profits of 12 million which surely has to be too low ! What do you think ?
Also, do you have a link to the story on bloomberg please. |
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| 12-03-10 |
BUY
results.
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keep an eye on biofuel energy corp, they post results on 29 march,they run two ethanol plants each with 115 million gallons ,current market value appox 100 million, with debt of 270 million,made a loss for first 6 months, gtl made a profit as a more efficent plant ,less transport costs ,better hedging etc,also look at green plains renewable just posted results share price has risen from $1.20 TO $15.00.in 14 months,when you look at gtl i think true value should be around 50 million,i will be suprised if they dont post over 12 million profits as the last six months have been very good and corn, gas ,oil,all holding steady,very good story on bloomberg this week also ,as always dyor thanks.
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