Shares dived as news of losses and massive Placing wrecked sp. The placing was at more than 40% discount and not open to retail shareholders (as usual!).

The Co took this time to ann. severe operational Losses, which didn't help.

Placing abt 12p
17 March2010 abt 14.75p to buy.

Note that these shares are 0.06 Euro....which means I think they are about 5p at the current exchange-rate - DYOR -.
Not sure there's much of a Market in ultra-white as used in Paints, plastic, etc.

KMR now 11p-ish - might be linked to massive Market falls today as EuroZone looks a bit wobbly (my interpretation, only).....but I doubt it.

I wonder if the fundraising was OK...? The 2010-one at a sizeable Discount, but not for Retail Shareholders....who will be smiling since they can buy ( Whooah!) into this fantastic business for close-on 20% less than City-types who like to think they are so slick....

Still, the way I see it, there is no-one reading this -and- no-one appears to be Buying their Stock..... otherwise it would be rising gently.

DYOR:
RBC ann. recently Kenmare Res ( currently 0.38pence.! Wow.! ) "is facing refinancing" so they've downgraded....etc. ....what this means for retail shareholder ( ie those who invest their own money )...is anyone's guess.
This was a Web-chat "good stock" many years ago, but I've see the sp gradually drift down.
\Indeed I'm surprised I didn't invest as it followed the pattern of most of my other investments....down a little then Whoosh- =dead.
I suspect we shall see a CONsolidation and refinancing for the City, but little to warm those retail investors whose trust ( and Money!), has been frittered away. Presumably the Bosses are still earning ( Laugh!) a decent crust for steering the Ship towards the rocks . . . .
+I just hope Dulux has enough Illuminite when I need to paint my house again....