at $1.32. The rest of feedlot country was quiet with packer bids of $77-$78 falling on deaf ears, as producers continue to offer their cattle at $83-$84 live in the south and $82 and $1.32 dressed in the north. Would imagine that short bought packers will want to get serious about doing business sooner, rather than later. Packer margins remain at profitable levels and as such will want to continue killing as many cattle as they can, especially considering the fact that beef demand remains brisk. We also have a futures market that continues to be supported by commodity fund buying and short covering, which will lend support to higher fed cattle sales this week. This despite the fact that the June contract is a little soft because no one is willing to stop the 47 deliveries we have seen so far this week. As mentioned, beef demand remains firm as is evident by the steady to higher boxed beef market. All of these factors look to lend support to ideas of higher fed cattle sales once trading commences. Until one of the above mentioned factors changes, probably most important would be the board breaking, we will continue to look - more available
Kemira Oyj Stock Exchange Announcement 22 June 2006 at 13.30 SUBSCRIPTION TO KEMIRA SHARES UNDER STOCK OPTION PROGRAMME 2001 A total number of 52.700 new shares in Kemira Oyj have been subscribed on the basis of the stock option rights granted under the stock option program of the year 2001. In accordance with the stock option program the subscription price of shares was EUR 2.11 per share. The increase in share capital relating to the new shares will be entered in the trade register on 29th June 2006, whereby the share capital in Kemira Oyj increases by EUR 93,461.10. After the increase the share capital of Kemira Oyj is EUR 221,487,906.18. Including the new shares, the total amount of shares in Kemira Oyj comes up to 124,890,600 shares. The shareholder rights relating to the new shares commence as of 29th June 2006 and will entitle to a dividend equal to that of the old shares in the company. An application will be made for entering the new shares on to the Helsinki Stock Exchange Main List for public trading, together with the old shares in the company. Trading in these shares is expected to start on 30th June 2006. For - more available
Best mover among small caps was Highams Systems Services, which put on 0.75 to 3.35 pence -- a near 27 pct gain -- after the AIM-listed IT recruitment company disclosed a return to operating profit in the full-year to end-March 2006 and said that current trading is in line with expectations.