Northland published a note this morning: "In Ghana, Clontarf has submitted a proposal on an alternative deep water block as a potential resolution the court proceedings on its Tano 2A Block. These applications were lodged in 2016 and are being examined by the authorities. Significant historic work has been completed at the Block including 3D seismic and four wells defining the primary target on this Block is the Turancian reservoir section. Clontarf will commence a detailed analysis of the historic data once the title is granted, signed and ratified..."
Northland's note is up on Research Tree "Keras Resources has received the first payment for the gold ore processed at the Paddington Mill. Keras Resources has received the payment is for ore extracted from the Anomaly 22 deposit, located on the Grants Patch Gold Tribute lease area...."
Northland Capital's note from this morning is up on Research Tree: "W Resources made large strides towards the development of the hard rock La Parrilla Tungsten project in 2015 and despite the large amount of work involved the LBT remained relatively low. 2016 will see the completion of the V2 feasibility study for the project and maiden hard rock production for the Company...."
finnCap's note from this morning is up on Research Tree: "Sirius Real Estate continues to deliver on its management promises and we believe the good progress made to date will continue. Allowing for NAV to advance during 2016 from 53c on the back of rental income growth and further yield compression, we have increased our... The shares offer a 4.3% dividend yield at 2.2c, which should approach 5.3% with a forecast 2.7c payment, ignoring any further..."
Just scraped this from Research Tree: "KCOM has delivered prelims to March in line with expectations. The year was transformative in achieving the £90m disposal of the national network while maintaining profitability and investment in East Yorkshire and reassessing the national business into enterprise and SMB-focused reporting streams. With financial capacity to invest in growth while retaining the ability to comfortably accommodate pension payments and the dividend, KCOM can look ahead positively..."
finnCap published a note, too: "2015 has seen significant progress across the portfolio and balance sheet in what has been a difficult operating environment due to low oil prices. The company is working towards the drilling of Skipper and has key contracts with service companies in place to this end..."
Just got this from Research Tree... "Independent Oil & Gas (IOG)# has released its FY 2015 results with a total profit for the year of £5.3m (vs a loss of £12.1m in 2014) and a cash position of at the end of the period of £23k. This was better than our expectations due to a full reversal of the 2014 £6.2m impairment provisions against the Skipper field. Following the acquisition of the remaining 50% of the Skipper licence IOG now owns 100% of the licence and increased IOG’s independently verified 2C resources by 13.1mmbbl to 26.2mmbbl...."
Panmure Gordon & Co's note on Daily Mail and General Trust is out this morning on Research Tree: "Interims were a touch more cautious than we had feared, and our estimates slip again (now 5-8% below the pre-H1 consensus). Near term the group still has several headwinds to work through, and we maintain a ... rating. Longer term, though, the group remains a collection of high quality businesses which should see a return to decent overall growth. Our Target Price (SOTP-driven) barely budges at ... despite factoring in a higher 15% 'NAV' discount (10% previously). At these levels we see good longer term value for patient..."
Read Edison's note on SOLID STATE PLC (SOLI), out this morning, by visiting Research Tree "Solid State has finalised a settlement agreement with the Ministry of Justice (MoJ) for the terminated contract to supply sub-systems for offender tagging. We treat this payment, the value of which is not disclosed, as an exceptional item. Our adjusted PBT and EPS estimates, which already reflect the absence of continued revenues from the contract, remain unchanged. Management estimates that the settlement will boost FY16 reported PBT to £4.1m..."
Read Zeus Capital's note on INCHCAPE PLC (INCH), out this morning, by visiting Research Tree "Inchcape has delivered a robust trading update, essentially confirming it continues to trade in line with expectations. We are not changing our forecasts at present. Within the mix, it looks like North Asia has weakened further albeit the growth in South Asia more than offsets this. Elsewhere, Inchcape continues to trade well in Australasia and the Emerging Markets. The UK continues to trade well and Europe remains stable. We maintain our view that the valuation remains full relative to the UK dealer groups and we therefore..."