Associated British Engineering (ASBE)

Sector:

Engineering

Index:

FTSE Fledgling

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 15.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 40.00
  • 52 Week Low: 10.00
  • Currency: UK Pounds
  • Shares Issued: 2.05m
  • Volume: 0
  • Market Cap: 0.31m
  • RiskGrade: 379

Associated British Engineering unit acquires stake in Akoris Trading

Date: Wednesday 02 Jan 2013

LONDON (ShareCast) - Associated British Engineerings wholly-owned subsidiary British Polar Engines (BPE) has purchased a stake in Akoris Trading, the company announced Wednesday.

BPE has invested $500,000 by a subscription of shares which represent a 50% interest in the newly-formed natural resources investment business.

A commercial loan facility of 200,000, secured by way of a fixed and floating charge on the assets of Akoris for working capital purposes, has also been made by BPE.

Three directors will be appointed by shareholders. In the meantime BPE directors Colin Weinberg, David Brown and Rupert Pearce-Gould will head the board along with Akoris Chief Executive Marc Weisberger.

Weisberger previously worked at Clyde & Co LLP, Glencore International and Alaska Metals. He has also provided commodity advisory services to banks, traders and producers.

"We are delighted to be involved in this new venture, and have every confidence in the abilities of the management, Director Weinberg said.

"The venture will be reviewed at the end of nine months to ensure prospects of success remain present."

RD

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ASBE Market Data

Currency UK Pounds
Share Price 15.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 40.00
52 Week Low 10.00
Volume 0
Shares Issued 2.05m
Market Cap 0.31m
RiskGrade 379

ASBE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
22.54% above the market average22.54% above the market average22.54% above the market average22.54% above the market average22.54% above the market average
10.53% below the sector average10.53% below the sector average10.53% below the sector average10.53% below the sector average10.53% below the sector average
Price Trend
81.68% below the market average81.68% below the market average81.68% below the market average81.68% below the market average81.68% below the market average
90.24% below the sector average90.24% below the sector average90.24% below the sector average90.24% below the sector average90.24% below the sector average
Income Not Available
Growth
36.4% below the market average36.4% below the market average36.4% below the market average36.4% below the market average36.4% below the market average
36.84% below the sector average36.84% below the sector average36.84% below the sector average36.84% below the sector average36.84% below the sector average

ASBE Dividends

No dividends found

Trades for --2019

Time Volume / Share Price
0 @ 0.000p

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