Associated British Engineering (ASBE)

Sector:

Engineering

Index:

FTSE Fledgling

 15.00p
   
  • Closing Price Chg:
      0.000p
  • 52 Week High: 40.00p
  • 52 Week Low: 10.00p
  • Currency: UK Pounds
  • Shares Issued: 2.05m
  • Volume: 0
  • Market Cap: 0.31m
  • RiskGrade: 67

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
Closing Price Change 0.000p
% Change 0.00 %
52 Week High 40.00p
52 Week Low 10.00p
Volume 0
Shares Issued 2.05m
Market Cap 0.31m
RiskGrade 67

ASBE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.14% above the market average21.14% above the market average21.14% above the market average21.14% above the market average21.14% above the market average
13.51% below the sector average13.51% below the sector average13.51% below the sector average13.51% below the sector average13.51% below the sector average
Price Trend
61.72% below the market average61.72% below the market average61.72% below the market average61.72% below the market average61.72% below the market average
60.98% below the sector average60.98% below the sector average60.98% below the sector average60.98% below the sector average60.98% below the sector average
Income Not Available
Growth
36.9% below the market average36.9% below the market average36.9% below the market average36.9% below the market average36.9% below the market average
42.11% below the sector average42.11% below the sector average42.11% below the sector average42.11% below the sector average42.11% below the sector average

ASBE Dividends

No dividends found

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

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