Commodity Watch, which supplies information to investors, has listed on PLUS Markets. It issued some 5.2 million shares at 100p each, giving the company a market capitalisation of £5.2 million. The company now aims to expand its websites and events businesses.
Commodity Watch, which supplies information to investors, has listed on PLUS Markets. It issued some 5.2 million shares at 100p each, giving the company a market capitalisation of £5.2 million. The company now aims to expand its websites and events businesses.
As of April 2007, Commodity Watch’s editor and director Charles Wyatt held a 28.68 per cent stake in Commodity Watch, while equity investor Ambrian Capital owned a 24.42 per cent holding. Overall, the directors held a 41.64 per cent stake. Commodity Watch’s non-executive director Malcolm Burne is chairman of Ambrian.
Based in London, Commodity Watch provides news and information on companies in commodity-driven sectors, such as mining, green energy, and agriculture. The company owns three websites – Minesite.com, PowerAlternatives.com and Agriprods.com – and runs events in London, Paris, Geneva and Zurich.
Commodity Watch made a turnover of about £770,300 for Year-End December 2006. It also made a profit of some £142,900. For the 18 months to December 2005, it generated a turnover of about £863,600 and a profit of some £229,000.
Corporate adviser to Commodity Watch is Loeb Aron & Company, while its registrar is Capita Registrars.