Home » uk stock market » FTSE 250 Risers and Fallers feb 16 2012

Thursday, February 16, 2012

FTSE 250 Risers and Fallers feb 16 2012

FTSE 250 Risers and Fallers feb 16 2012 : Debt-laden Finnish miner Talvivaara Mining plunged over 13% after announcing the price at which it has placed a huge chunk of shares: 280p per share. Shares in the miner took a bashing after the company revealed plans to increase its shares in issue by around one-tenth through a share placing. The 280p a share placing price is nearly 50p below the mid-market closing price of Talvivaara on the day before the placing was announced. Talvivaara's shares fell as low as 282.8p at one point.

Furthermore, shareholders were rocked by the news that Chief Executive Officer Pekka Perä is to become Executive Chairman, in contravention of what is regarded as best practice in City circles.

Mining peer African Barrick Gold also took a tumble, which came despite the Tanzania focused gold producer tripling its dividend for 2011 on the back of a 30% increase in earnings and strong cash generation. The share price fall could be linked to a decrease in production and attributable gold sales, which both declined dramatically in the final quarter.

Bumi Resources was on the up, which may be linked to reports which claim the Indonesian coal miner has agreed a $600m bilateral loan to repay three bridge loans which were set up towards the end of 2011. IFRAsia.com cites the Jakarta Stock Exchange as its source.

Although not in the top 10, engineering and construction group Kentz Corporation was up on news it has been awarded the integrated commissioning services contract on the Queensland Curtis project in Queensland, Australia.

FTSE 250 - Risers
Lancashire Holdings (LRE) 780.00p +2.77%
Bumi (BUMI) 770.00p +2.53%
Perform Group (PER) 285.00p +2.11%
Dunelm Group (DNLM) 516.00p +2.08%
Exillon Energy (EXI) 248.00p +2.06%
Daejan Holdings (DJAN) 2,876.00p +1.99%
Spirit Pub Company (SPRT) 56.50p +1.80%
Taylor Wimpey (TW.) 44.95p +1.70%
Provident Financial (PFG) 993.50p +1.38%
SIG (SHI) 103.70p +1.17%

FTSE 250 - Fallers
Talvivaara Mining Company (TALV) 285.70p -13.29%
African Barrick Gold (ABG) 454.80p -12.29%
Afren (AFR) 126.90p -4.23%
Ashtead Group (AHT) 240.90p -4.18%
New World Resources A Shares (NWR) 493.10p -3.50%
Henderson Group (HGG) 119.60p -3.47%
Cable & Wireless Communications (CWC) 35.47p -3.27%
Anglo Pacific Group (APF) 305.90p -3.23%
Cranswick (CWK) 807.50p -3.00%
Tullett Prebon (TLPR) 315.50p -2.74%

For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post:

Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)