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.

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....