|
Capex Update 13th - 21st May 2008
|
|
Written by Hak
|
|
Wednesday, 21 May 2008 |
|
Capex Update 13th - 21st May 2008 www.slcapex.com By SL Hak There's a new chief at Verballis (VBL) the Capex listed translation services company, they've appointed Cayman Beaumont as the new CEO. Cayman announced that he has temporarily taken over from Sully Okelly who is still reported missing from SL. Cayman Beaumont is already a significant shareholder owning 43% of the stock. VBL announced that it has also appointed Il0n Papp the original CEO of VBL as a Non Executive Director.
Nestler Investment Corp. (NIC) still remains in IPO and has reported its April financials, reporting income of L$340k and a profit of L$173k. These are reasonable numbers considering that the IPO funds are still tied up. One disappointing figure which I'm sure that Scott Nestler the CEO will be addressing is the revenue from his stores. There are now 830k shares remaining and these are likely to be snapped up before the end of month. It also appears that NIC intends making a bid for Sky Power Fund (POW), Scott is offering NIC shares in exchange and currently valuing POW at L$758k or L$0.35 per share. Lindsay Druart the CEO of L&L Corp. has announced that she plans to amalgamate her three companies LNL, LCA and LLL into one single entity. Lindsay highlighted the difficulty in managing three separate entities especially the difficulty in recruiting and retaining suitable employees. However, it is still unclear how having three companies under one roof will ease these pressures. I see some tough times ahead for L&L and some disappointed shareholders. If you are a Capex listed company and have some hot news then please IM or send an e-mail to Hak on
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
|
