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Pin to quick picksBowleven Share News (BLVN)

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Broker tips: Shire, Foxtons, Tate & Lyle, Bowleven

Tue, 03rd Jun 2014 12:46

UBS has hiked its target price for Shire by nearly a tenth, saying that the rumoured acquisition of Nasdaq-listed NPS Pharmaceuticals would "make sense" for the Dublin-based biopharmaceutical group. The bank kept a 'neutral' stance on the shares, but lifted its target from 3,150p to 3,450p.UBS said that a potential takeover would focus on rare diseases, an area where Shire is aiming to build its position. NPS's expertise in gastro-intestinal disease also fits well with Shire, it said. Meanwhile, NPS has mostly de-risked its main pipeline with one drug already approved and another one filed with US regulators.Credit Suisse has maintained an 'outperform' rating for estate agent chain Foxtons, saying that the exit of Chief Executive Officer Michael Brown does not change its positive view on the stock.Foxtons plans to replace Brown with Chief Operating Officer Nic Budden from July 1st. "Budden has been central in designing and executing the company's successful roll-out strategy and Mr. Brown will remain on the board as a non-executive director," the bank said.In spite of a tough year ahead of Tate & Lyle, JPMorgan Cazenove has reiterated its 'overweight' recommendation for the sugar and sweeteners manufacturer, saying that the business is "focused, fixed and ready for growth"."While [this year] is likely to be another tough year, we believe Tate's ingredients business has a stronger product pipeline, deeper customer relationships and better infrastructure. This should drive high-quality, sustainable profit growth and group earnings per share growth from [next year]," JPMorgan said.Westhouse Securities has maintained its 'buy' recommendation for Africa-focused oil and gas group Bowleven after the company achieved a "key hurdle" in progressing its Etinde gas and condensate project offshore Cameroon."We think that this is the first key step that will trigger a significant de-risking of the Etinde project," according to Westhouse analysts Mark Henderson and Jamal Orazbayeva.BC
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3 Apr 2024 18:42

EARNINGS AND TRADING: Saint-Gobain buys Bailey Group; Kropz inks loan

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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27 Mar 2024 14:31

Bowleven seeks funding as loss widens on reduced project activity

(Alliance News) - Bowleven PLC on Wednesday said its half-year loss widened as it continues to develop the Entinde project.

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14 Mar 2024 20:56

EARNINGS AND TRADING: Castillo losses double; GCP proposes wind-down

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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26 Jan 2024 06:56

IN BRIEF: Bowleven and partners regroup as Etinde stake sale halts

Bowleven PLC - Edinburgh-based oil and gas exploration company developing Etinde project offshore Cameroon - Partner's sale of stake in the Etinde project falls through. Bowleven is informed on Thursday by New Age (African Global Energy) Ltd, the operator of Etinde, that it received from Perenco SA a termination notice for the conditional sale of New Age's interests in the Etinde joint venture to Perenco. The deal for the 37.5% stake was first announced back in June 2022. Bowleven says it now will discuss with its joint venture partners an updated development plan and work programme for Etinde.

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29 Nov 2023 15:46

UK shareholder meetings calendar - next 7 days

Thursday 30 November 
Amur Minerals CorpAGM
Atlantic Lithium LtdAGM
Cordel Group PLCAGM
CQS New City High Yield Fund LtdAGM
DXS International PLCAGM
Europa Metals LtdAGM
Gabelli Merger Plus+ Trust PLCAGM
Kingswood Holdings LtdAGM
MC Mining LtdAGM
MGC Pharmaceuticals LtdAGM
NCC Group PLCAGM
Ovoca Bio PLCAGM
Revolution Bars Group PLCAGM
Roebuck Food Group PLCEGM re fundraising
Ruffer Investment Co LtdAGM
Friday 1 December 
Croma Security Solutions Group PLCAGM
HeiQ PLCGM re annual report approval
James Halstead PLCAGM
More Acquisitions PLCGM re capital raise
Myanmar Investments International LtdGM re cancellation to trading on AIM
Plaza Centers NVAGM
ScS Group PLCAGM
Monday 4 DecemberGM re additional listing on the NYSE
Diversified Energy Co PLCGM re purchase of 15% of the company's own shares
Palace Capital PLCAGM
PRS REIT PLC 
Tuesday 5 DecemberAGM
450 PLC 
Wednesday 6 December 
Alternative Liquidity Fund LtdAGM
Bowleven PLCAGM
Gattaca PLCAGM
STM Group PLCcourt meeting and EGM re takeover by Pension SuperFund Capital
VinaCapital Vietnam Opportunity Fund LtdAGM
Virgin Wines UK PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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10 Nov 2023 11:58

Bowleven reports $2m loss as it looks to shore up funding

(Sharecast News) - Africa-focused oil and gas exploration group Bowleven reported a loss of $2m in its full-year results on Friday.

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10 Nov 2023 10:34

Bowleven needs to raise further equity as warns cash is running out

(Alliance News) - Bowleven PLC on Friday reported a narrowed annual loss, partly thanks to cost reductions, but warned its cash is "depleting" and it has a "pressing need" to raise equity.

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26 Sep 2023 12:14

IN BRIEF: Bowleven considering needed equity injection at big discount

Bowleven PLC - oil and gas, exploration and production in Cameroon - Considering fundraising proposal that would involve an unnamed shareholder providing equity capital at a "very substantial discount" to Bowleven's current market price. If this were to occur, all other current shareholders would be invited to participate at the same price, the company says. Bowleven has USD1.3 million in cash and, despite cutting costs, this is enough only to see it through to the end of the first quarter of 2024. Bowleven also may need additional funds to finance its share of future expenditure on the Etinde project.

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26 Sep 2023 10:39

AIM WINNERS & LOSERS: Bowleven shares drop on concern for cash runaway

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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21 Jul 2023 10:40

AIM WINNERS & LOSERS: Bowleven says fundraising efforts continue

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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21 Jul 2023 09:35

IN BRIEF: Bowleven unaware of reason for recent share price rise

Bowleven PLC - Africa-focused oil and gas, exploration and production company focused in Cameroon - Says it notes recent movement in its share price and is not aware of "any particular reason" for the sudden increase. Shares in Bowleven increased by 30% in the last month. The company says that it has been considering fundraising options, and expects to seek additional equity capital in the year to assist with its ongoing corporate activities; which it noted in its March 30 statement.

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30 Mar 2023 17:55

TRADING UPDATES: Time Out revenue rises; Arbuthnot gets rates boost

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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30 Mar 2023 09:11

LONDON MARKET OPEN: SSE rises on guidance; Drax falls on biomass snub

(Alliance News) - Stock prices in London opened higher in London on Thursday, as optimism returned to the markets and fears of banking crisis contagion faded.

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24 Nov 2022 15:44

UK shareholder meetings calendar - next 7 days

Friday 25 November 
600 Group PLCGM annual report
Aveva Group PLCGM and Court Meeting re Schenider Electric takeover offer
Base Resources LtdAGM
European Metals Holdings LtdAGM
Neometals LtdAGM
Quadrise Fuels International PLCAGM
ScS Group PLCAGM
Sylvania Platinum LtdAGM
Windar Photonics PLCGM re placing of new ordinary shares
Monday 28 November 
Crown Place VCT PLCAGM
European Smaller Cos Trust PLCAGM
JPMorgan Global Emerging Markets Income Trust PLCAGM
PRS REIT PLCAGM
Psych Capital PLCAGM
Seeing Machines LtdAGM
Tuesday 29 November 
Aura Energy LtdAGM
Bluefield Solar Income Fund LtdAGM
Castillo Copper LtdAGM
Challenger Energy Group PLCAGM
CT Property Trust LtdAGM
Duke Royalty LtdAGM
Esken LtdEGM re borrowings approval
Mosman Oil & Gas LtdAGM
Wednesday 30 November 
abrdn Asia Focus PLCAGM
Atlantic Lithium LtdAGM
Chamberlin PLCAGM
Coral Products PLCGM re proposed cancellation of share premium account
Dunelm Group PLCAGM
Ferguson PLCAGM
Gabelli Merger Plus+ Trust PLCAGM
Grit Real Estate Income Group LtdAGM
Leeds Group PLCAGM
Life Science REIT PLCGM re issue of the new ordinary shares 
MC Mining LtdAGM
Pires Investments PLCAGM
Renishaw PLCAGM
Thursday 1 December 
Aptamer Group PLCAGM
Bowleven PLCAGM
CQS New City High Yield Fund LtdAGM
essensys PLCAGM
James Halstead PLCAGM
Kin & Carta PLCAGM
Transense Technologies PLCAGM
Vast Resources PLCAGM
Virgin Wines UK PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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1 Nov 2022 14:48

EARNINGS SUMMARY: Vulcan Industries and Wildcat Petroleum narrow loss

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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