Bauman rides to the rescue at BTR

Article Abstract:

Bob Bauman will become BTR's new chairman from May 1998. Meanwhile BTR plans to raise 342 million pounds sterling with a warrant conversion. The company's stocks are prices at 2.20 pounds and the conversion price is 2.58 pounds. BTR is selling businesses and will raise some 1 billion pouds sterling from this by year-end 1997. The company could use funds from the warrants to help pay a dividend that was reduced in 1996. The company may also carry out more disposals than originally envisaged.

BTR PLC

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Wassall

Article Abstract:

Wassall has been hit by copper price changes which have affected General cable, a supplier of copper wire. Conglomerate corporations have become unfashionable but Wassall has a good record for growth of long-term earnings. The company can use cash handbacks and demergers to avoid some of the problems associated with conglomerates. Wassall's profit is forecast at 59 million pounds sterling for 1996 and 76 million pounds for 1997 by Merrill Lynch.

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Wassall

Article Abstract:

Wassall's results for 1994 were affected by 19.9 million pounds sterling worth of reorganization costs linked to the acquisition of General Cable (GCC). GCC produces copper cable and wire for data transmission, telecoms and power lines. The group increased its operating profit from existing activities by 6% in 1994. Wassall has invested 57 million pounds sterling in the 5 years to 1994. Wassall's share price is seen as high enough in Mar 1995.

Other Communication and Energy Wire Manufacturing, Communications Wire & Cable, Copper Electrical Wire, Telecommunications cables, Electric wire, Copper wire

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