Key Developments: CE Franklin Ltd. (CFK.O)
6.05USD
9 Feb 2010
$-0.01 (-0.17%)
$6.05
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$6.05
$6.02
2,952
7,048
$7.78
$3.55
Latest Key Developments
CE Franklin Ltd. Renews Normal Course Issuer Bid For Common Shares
CE Franklin Ltd. announced that its Board of Directors has authorized the renewal of the Company's Normal Course Issuer Bid (NCIB). Under the renewed NCIB, CE Franklin may purchase for cancellation up to 880,000 of its Common Shares without par value (Common Shares), being approximately 5% of the total number of Common Shares outstanding as of the date hereof, from time to time in open market or privately negotiated transactions. The share repurchase will be conducted solely through the facilities of NASDAQ and is subject to prevailing market conditions and other considerations.
CE Franklin Ltd. Comments On Q4 2009 Revenue Outlook; Issues FY 2010 Revenue Outlook Below Analysts' Estimates
CE Franklin Ltd. announced that for the fourth quarter of 2009 and for fiscal 2010, it expects sales levels to decline compared to 2008. The Company reported revenue of CAD161 million in the fourth quarter of 2008 and CAD547 million in fiscal 2008. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of CAD129 million for the fourth quarter of 2009; and CAD598 million for fiscal 2010.
CE Franklin Ltd. Acquires Western Canadian Oil Field Equipment Distributor
CE Franklin Ltd. announced that it has acquired a Western Canadian oil field equipment distributor (the Acquired Business). The Acquired Business operates 22 oil field equipment supply stores across the Western Canadian Sedimentary Basin. Terms of the transaction were not disclosed.
CE Franklin Ltd. Switches To NASDAQ Stock Market
CE Franklin Ltd. announced its board of directors has approved management's decision to switch the listing of its common stock from the NYSE Alternext US stock exchange (Alternext) to the NASDAQ Stock Market LLC (NASDAQ). The last day of trading on Alternext will be Monday, April 13, 2009. The Company's shares will commence trading on the NASDAQ Global Market on Tuesday, April 14, 2009 under its current symbol, CFK.
CE Franklin Ltd. Announces Normal Course Issuer Bid For Its Common Shares
CE Franklin Ltd. announced that its Board of Directors has authorized the repurchase of up to 900,000 of its common shares without par value (Common Shares), being approximately 5% of the total number of Common Shares outstanding as of the date hereof, from time to time in open market or privately negotiated transactions. The share repurchase will be conducted solely through the facilities of AMEX and is subject to prevailing market conditions and other considerations.
CE Franklin Ltd. Announces Acquisition Of JEN Supply Inc.-DJ
Dow Jones reported that CE Franklin Ltd. has acquired JEN Supply Inc., a Stettler, Alta.-based operator of oilfield equipment supplies, for an undisclosed amount. The transaction will be financed from available bank credit facilities and is expected to be accretive to CE Franklin shareholders.
CE Franklin Ltd. Appoints Mark Schweitzer As New Chief Financial Officer
CE Franklin Ltd. announced the appointment of Mark Schweitzer to the position of Vice President and Chief Financial Officer effective August 13, 2007.
CE Franklin Ltd. Announces Signing Of Purchase And Sale Agreement With Full Tilt Field Services Limited
CE Franklin Ltd. announced that it has signed a purchase and sale agreement to acquire the shares of Full Tilt Field Services Limited, a private company located in Lloydminster, SK. The acquisition is expected to close in the next few days. Full Tilt provides mechanical sales and service to the energy industry and operates a fleet of service vehicles. The terms of the deal were not disclosed.
CE Franklin Ltd. Comments on Q1 2007 Revenue Outlook
CE Franklin Ltd. announced that the Company anticipates that its sales for the first quarter of 2007 will be lower as compared to the first quarter of 2006. According to Reuters Estimates, analysts on average are expecting the Company to report revenues of CDN$169.30 million for first quarter of 2007.
CE Franklin Ltd. Announces Departure of Chief Financial Officer
CE Franklin Ltd. announced that Randall Henderson, CE Franklin Vice President and Chief Financial Officer, is no longer with the Company.
UPDATE 1-CE Franklin posts lower Q2 profit
July 23 (Reuters) - Canada's CE Franklin Ltd posted a lower quarterly profit, as lower-margin oil sands sales contributed more than one-third of its sales.
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