prospects SFR… XXXX Sold just under half the ones in ( D ) for 91p little spike just before 4pm took them higher .
Halosource KETL… XXXXX Went higher 200p on 24 Dec 2019 but back to around 180p now.
Fabergé owner Gemfields (GEM:AIM) has returned to AIM after an almost three year absence. The gemstone miner left London’s junior market in July 2017 following an acrimonious takeover saga which culminated in it being taken off the market by South African private equity firm Pallinghurst. But having cited a ‘lack of broker research and share trading liquidity, as well as feedback from shareholders’ in South Africa where it is listed, the company decided to return to AIM in a bid to access greater liquidity and more global investors. The firm has a primary listing on the Johannesburg Stock Exchange and another listing on the Bermuda Stock Exchange. LISTING TO GIVE INVESTORS ACCESS TO GEMSTONE MARKET As well as owning the Fabergé jewellery brand, Gemfields - which has counted the likes of actress Mila Kunis as a ‘brand ambassador’ - produces around half of the world’s rubies and a fifth of the world’s emeralds from two of its mines in Mozambique and Zambia. CEO Sean Gilbertson said, ‘Today’s admission to the London market is an important milestone for Gemfields after a decade of growth in the demand and prices for precious coloured gemstones. READ MORE ABOUT GEMFIELDS HERE ‘The AIM listing seeks to provide UK, European and international investors with more expedient entry into the precious coloured gemstone market, to improve share trading liquidity and to widen Gemfields’ current investor base.’ GEMFIELDS RETURNS AFTER LOW-BALL TAKEOVER Gemfields returns to the market around 30 months after being the subject of a bitter bidding war in which Pallinghurst won, though not without controversy after accusations that it acquired the company on the cheap. Pallinghurst launched an unsolicited bid in 2017 for the 53% of Gemfields it didn’t own in an offer which contained no premium to Gemfield’s 39p share price at the time and valued the company at £211m. Pallinghurst needed approval from investors owning at least 75% of the shares, but that approval wasn’t too difficult to gain as it already owned 47.09% of the business. Minority investors weren’t best pleased with the outcome, arguing the firm was being sold on the cheap, especially considering stockbroker Numis said at the time that fair value for Gemfields would be 94p per share. Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.
12p / 11.4 .. can trade with bell . have nearly twice as many after takeover so eq 22p .
RNS 14 February 2020 GOLDSTONE RESOURCES LIMITED Mining Lease Awarded GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration and development company quoted on AIM, is pleased to announce that, further to its announcement of 20 November 2019, it has now been formally awarded the mining lease on the Akrokeri and Homase Licences for the Homase South Pit and land for the plant and process operation near the town of Obuasi in the Ashanti Gold Belt, Ghana, West Africa. As set out in the announcement of 20 November 2019, the lease represents an important step in the Company’s goal of bring the Akrokeri-Homase Gold Project into production, with the Homase South Pit being the first of the three pits along the Homase Trend which GoldStone will, subject to funding, seek to bring into production at the earliest opportunity. The ten (10) year lease, in accordance with the Minerals and Mining Act, 2006 (Act 703), was officially granted by the Government of Ghana through Ministerial decree in conformity with the Company’s request. The lease can be renewed and/or extended to include additional pits along the Homase Trend. Emma Priestley, Chief Executive Officer, commented : "We are very pleased with the efforts and professionalism demonstrated by the Government of Ghana in support of this project. We see this as a reflection of a jurisdiction that recognises the importance of encouraging the development of its mineral resources. With the receipt of the mining lease, we will now work closely with the Minerals Commission and the Environmental Protection Authority to finalise the environmental permit in accordance with the environmental regulations. I look forward to keeping shareholder updated as we continue to move forward with the advancement of the Akrokeri-Homase Gold Project. "
Share price trading in 2730 to 2640 range? The share price seems to be in a range with City ticking up the shares first part of the week and Thursday/ Friday bringing the shares back to Mondays start,
Sirius RNS NEWS TODAY FRIDAY 14TH. IB. imho. it looks like more excuses by the BoD to me, they just gave up late last year. Reported as below Sirius advised today on the group’s takeover by Anglo American PLC, which they have deemed unviable, and discussions over the proposal have ended. On Friday last week, Sirius said it had explored a potential debt financing from a consortium of investors, which would lead to the raising of a USD680 million funding package to cover the initial scope of work for the North Yorkshire polyhalite project. The initial package would have been a precursor to needed to raise a further USD2.5 billion in capital to reach a production capacity of 10 million tonnes per annum. (IB. What happened to the agreed revolving £2.5Bill credit ?) Conditions for the alternative proposal to go ahead included Sirius undertaking an equity raising, the achievement of concessions from creditors, approval from local authorities and the completion of due diligence. However, Sirius has been unable to secure an anchor investor willing to provide the majority of equity required, and as a result the proposal has been deemed non-viable. Sirius has now recommended that shareholders accept the GBP404.9 million offer from Anglo American PLC at the upcoming meeting, otherwise there is a high probability that the company will go into administration or liquidation.
Kier share price movement How can a plc company be in the 80 p zone and in a matter of trading days be priced 130p+ ? There’s been no announcement on asset sales, debt reduction nor major contracts secured at good margins. I think the market is expecting K to secure work on HS2 and other HMG work leaving K to increase margin on non HMG work. Is the scenario able to generate good returns ?
French JV about to go live As Ocado gets closer to the French Carrefour JV going live, will the City keep faith with Ocado or opt for conservative pricing of the shares till there is better visibility of actual earnings from the JV ?
RNS 14 February 2020 Metal Tiger plc Further Investment of US$1.5m in Kalahari Metals Limited and grant of 2% NSR Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce a further US$1.5m equity investment into Botswana focused explorer, Kalahari Metals Limited (“KMLâ€) (the “Investmentâ€). Following the Investment, Metal Tiger will be interested in approximately 62.2% of KML. As part of the Investment, Metal Tiger has been conditionally granted a 2% net smelter royalty over all of KML’s wholly owned licences, being seven licences covering, in aggregate, 6,650km2 (together, the “Royaltiesâ€). The five exploration licences owned by Triprop Holdings (Pty) Limited (in which KML has a 51% interest) do not form part of the Royalties. The Royalties will fall away should Metal Tiger invest a further amount at a lower valuation than the Investment, subject to a cap of US$500k. In other words, any further investment by Metal Tiger up to US$500k must be at the same valuation as the Investment if the Royalties are to be maintained. KML will utilise the proceeds of the Investment to fund exploration drilling programmes at the Kitlanya East (‘KIT-E’), Okavango Copper Project (‘OCP’) and Kitlanya West (‘KIT-W’) projects, located in the Botswana portion of the Kalahari Copper Belt. Environmental approvals are now in place for drilling on all of KML’s projects. Drilling and soil sampling programmes are planned to start at KIT-E in March 2020, followed by further target drilling at the OCP and KIT-W project. Michael McNeilly, Chief Executive Officer of Metal Tiger, commented: “This investment will allow the KML team to progress exploration and prove up other targets at KIT-E, Kit-W and OCP, and also increases Metal Tiger’s exposure to the highly prospective Kalahari Copper Belt, which currently includes our interest in KML, as well as in Sandfire’s T3 Project and A4 Project, where MTR has a capped US$2m NSR and a 2% uncapped NSR respectively. “In the context of our expectation of an increasing global requirement for copper production, and therefore exploration, we expect the Kalahari Copper Belt to become an increasingly more valuable area to be situated and are delighted to increase our interest in the area.†More via link below: [link]
Trading share? Yes this confirms they are actually a step nearer and in my mind worth a good punt at this level so have dipped my wick below 11p for a hope another rise to the 15p mark by when i would expect further information on their progress. I am only looking at this share on a trading prospectve for the time being but would like to be locked in when the really big announcement is forthcoming.! JJ
A light trim In contrast to the recovery in SSE share price, does LGEN still have plenty of steam? Up to 317p this morning not far off the 324p all-time-high surge after the election. Brokers still generally positive about the value and prospects of a sustained performance of 30p+ eps, looking at an outlook price up to 350p. And a strongly progressive c. 18p dividend covered more than x 1.5 would be a forward yield of 5+% on a p/e of under 12. Doesn’t sound over-cooked does it? Anticipation of good results in a couple of weeks (4 Mar ?) will fuel demand, beating 30p eps or 18p dividend will kick the sp on again. Has there been another mortality release, further growth from derisking pension schemes, has equity release business been super, has the pre-fab building adventure started to deliver, where is debt at … my guess is yes, yes, yes, probably not and debt risk exposure will be up as a consequence of taking on more pension scheme business. So solvency capital ratio down from 188% in Dec 2018 and 177% in June 2019 to somewhere 150-160%, but in this environment of sustained trivial debt cost so what. LGEN still safe as houses, and on those metrics a better pick than blue chip defensives. I will wait for the news and the new ISA window before adding, and will be trying hard to resist an offload in the meantime even if the sp does froth up over 350p.
Level 2 Brent doing bit better . . . $56.96 . (+0.83) . (+1.47%) . . . (15mins delayed) Close . . . . 182.20 Open . . . . 185.00 High . . . . .185.00 . . . 08.00.10 . . UT Low . . . . . 182.40 . . . 09.51.44 . . AT MD Auc . . 2 @ 183.20p Full 252,063----263,828 47----46 LSE Vols . . . . 220,269 . . . 168 trades AT trades . . . 136 OT trades . . . 32 . . . 12.02.02 Spread 182.80----183.2 . . . Mid 183p
SSE a buy-and-hold again? Wowee, SSE hitting a high of 1660p and several brokers all reaching the same conclusion that the target price should be in this region … the latest one MoSt who sets 1620p and “equalweight†which means hold for dividends or take some profits. For whatever reason holding on to SSE as it continued to rise was a good choice, oh how I wish I was a better do-nothing investor. And when I say a high … 5-year high, 10-year high, ? all-time-high ? This latest progress is after SSE confirmed that it is no longer a retail energy company, and confirmed 2019-20 likely financials would be about 85p a share. Which puts the forward p/e on a multiple of about 19.5. A stated dividend of 80p (56p to come this Summer) means a yield of 4.8%. So why has the so kept rising? World economy fears for all sorts of reasons? The impetus from a buyback programme while shares are in demand? Or value and potential in the business enhanced by the push towards green energy as SSE drops out of coal and restakes its bet on (offshore) wind? Fewer than 6 months ago MoSt uprated SSE to a BUY with target price of 1290p on the hope of a positive election / Brexit / Ovo / wind energy outcome. A reasonable analysis. If it genuinely calculates a target price outlook now of 1620p that was a 25% miss and HOLD sounds like it now thinks the sp is overcooked. But actually BP I think you have got this right … indeed a buy-and-hold again. Because there is a long term positive outlook eg deep value in SSE again, now it is less encumbered by regulatory interference in market pricing. My stake has already been reduced to a minimum. The chunks I bought last year at 1008p and 1139p tempted me to offload at 1346p and 1460p. Well done everyone for ignoring my warning that we had peaked.
Rene trial update/JVs If you look at Rene’s RNS history the company updated the market on Fosun jv 9/4/20 and treated its first stroke patient in USA 24/01/19. Surely we should have more jvs announced and confirmation that all 130 stroke patients have either been treated with stem cells or the placebo and are being monitored. Rene should update shareholders on its trials and jvs.
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