http://www.thisismoney.com/20041028/nm84046.html


Buckland Group (BUC) shares were alos liftted by vague takeover speculation, and closed 0.10p higher to 0.30p.

Thought that the MMs couldn't hold it for much longer.

Tried to move higher again Friday so would not expect it to sit as this level much longer.

Nice to see that they have moved the bid up today.Presently quoting .8/.9 with 250K on offer.

Buckland Interim Results


For immediate release: 25 September 2006 BUCKLAND GROUP PLC ("Buckland" or the "Group") Interim Report for the Six Months Ended 30 June 2006 Chairman's StatementI present the interim results for Buckland for the six months ended 30 June
2006. These show an operating profit before tax from continuing operations of
36,302 on sales of 1,576,338 ; after losses from the discontinued operations
of DK Gas Components Ltd, the consolidated pre-tax loss was 148,397 compared
with a loss of 294,706 for the first half of 2005. The loss per share was
0.02p (2005: 0.15p loss per share). No interim dividend is proposed.
Review of OperationsDuring the first half of 2006 we successfully completed the transfer of DK Gas'
remaining manufacturing operations from Redditch to Bangkok and on 12th July DK
Gas in the UK was closed. All the group's spark ignition generators and
electrodes are now produced in Thailand and sold internationally under the
Derlite name. The logistics of this currently requires us to ship some product
by air to Europe whilst we build up the inventories in transit by sea; this
airfreight requirement is expected to be eliminated by the end of this year.
Demand for our range of products remained steady over the first half of 2006,
at volumes similar to the second half of last year, with the majority of our
output continuing to be for the gas cooker markets in the UK and North America.In recent weeks we have taken on a number of major new customers in the UK gas
boiler market and we therefore anticipate that, over the next six months, the
group will be able to start generating some significant sales growth.
Balance sheetThese interim results include the trading losses incurred by DK Gas until
closure and the consolidated balance sheet at 30th June provides fully for the
impact of that closure. The group's short term liquidity was improved by the
placing of 25,000 of new shares in July and by the issuance earlier this
month of 125,000 of unlisted convertible loan notes.
OutlookThe military coup in Thailand last week has not caused any disruption to the
group's operations in that country and we think it unlikely that it will in the
future. The second half of this year will see the initial benefit of the much
reduced cost base following the transfer of all manufacturing to Bangkok, with
the full benefit coming through once we eliminate the need for airfreight.
The Board is confident that, after some very difficult times, the Group can
look forward to an increasing level of profitability.
Patrick RogersChairman29 September 2006Interim Report

I like this and it speaks volumes

http://th.jobsdb.com/TH/TH/Job.asp?R=JDBT041844151&25067

Due to recent expansion of our business we now seek a Sales Manager.

Express said hoping to raise $350k for a placing to buy another gas ignition company this time in Thailand - Expanding now - as well as much lower costs this time around - and higher turnover - next it should be surprisingly good results and a rise in shareprice.