OPHR.L Share News (OPHR)

OPHR.L Information

There is currently no data for OPHR

FTSE quarterly review confirms raft of changes to 100 and 250 indices

Thu, 02nd Jun 2016 08:00

(ShareCast News) - Hikma Pharmaceuticals' promotion to the FTSE 100 index was confirmed after the latest quarterly review was announced overnight, while demoted blue chip Inmarsat was joined in the FTSE 250 by three recently floated finance groups CYBG, CMC Markets and Metro Bank plus several others.Smurfit Kappa, Ascential, Countryside Properties and Hill & Smith were also promoted to the mid-cap index, where along with the other newcomers will be officially added by FTSE Russell on 20 June.As indicated recently, Inmarsat rejoins the mid-cap index after just a year as its shares were hit when the satellite group cut its full-year revenue guidance by $50m amid an ongoing recession in global maritime and energy markets.Demoted from the 250 were Lookers, Melrose Industries, Northgate, Ophir Energy, Interserve, Jimmy Choo and the Highbridge Multi-Strategy Fund.CYBG is the holding company that owns Clydesdale Bank and Yorkshire Bank consumer lending brands, which was floated by National Australia Bank in February. Its shares have surged from their 180p float price, where it had a market capitalisation of £1.58bn, to 275p.Joining in the same month but with a debut valuation of less than half that was CMC Markets, the spreadbetting firm founded by Peter Cruddas in 1989, it has gained ground at a slower rate, rising from an initial 240p to above 270p recently.Metro Bank is a more recently formed challenger bank that had its initial public offer at a price of 2,000p in March after being founded by US businessman Vernon Hill in 2010. It has since risen to 2,241p where it has a capitalisation of £1.8bn.Irish based paper-packaging company Smurfit Kappa was added after changing to a dual listing, with London now its primary listing and Dublin secondary.Another February flotation, Countryside Properties is a housebuilder with high growth aspirations and market leading position in public-sector housing redevelopment. Since listing at a price of 225p and a market cap of £1.01bn, the shares were hiked up above 275p by encouraging interim results in May.Ascential, the publisher formerly known as Emap and Top Right, had 35% of its equity floated in February by private equity firm Apax and Guardian Media at a price of 200p that gave the group an £0.8bn valuation. The shares have since risen to 238p.Hill & Smith Holdings, an infrastructure product and galvanising services provider, has the longest stock market history, having floated in 1969. After an uninspiring decade, since the millennium the shares have surged from around 60p to around 925p, including a leap from just over 400p in the last three years.As indicated by the comments from some, all the companies should expect to see benefits for shareholders and attract new institutional and retail investors."Inclusion in the FTSE 250 Index is another significant milestone for us all at CMC and we look forward to widening our existing strong investor base with new shareholders," said CMC founder and chief executive Peter Cruddas.Smurfit CEO Tony Smurfit said: "We expect our inclusion in the FTSE AllShare to provide an incremental benefit to our shareholders. Over time, our new dual listing arrangement should widen the base of investors eligible to invest in the group while further strengthening the liquidity in our shares."

More News

30 Nov 2016 12:53

Broker tips: Ophir, Capita, Croda

(ShareCast News) - Ophir Energy's shares gushed higher after Canaccord Genuity upgraded the stock to 'buy' from 'hold' and lifted the target price to 105p from 80p. Canaccord cited Ophir's newly formed joint operating company (JOC) with OneLNG to develop the Fotuna gasfield offshore Equatorial Guine

30 Nov 2016 12:27

Ophir Energy rallies on Canaccord upgrade

28 Nov 2016 21:23

UPDATE 1-Mexico certifies bidders for December deep water oil auctions

(Adds comments from Zepeda, CNH president, paragraphs 9-11) MEXICO CITY, Nov 28 (Reuters) - Mexico's oil regulator announced on Monday a final list of 17 oil companies representing a dozen countries that have pre-qualified to bid on the country's first-ever deep water oil auctions, set for

28 Nov 2016 20:53

CORRECTED-Mexico certifies bidders for December deep water oil auctions

(Corrects paragraph 6 to add additional certified company, Inpex; adds stock symbols missing from paragraphs 5 and 6) MEXICO CITY, Nov 28 (Reuters) - Mexico's oil regulator announced on Monday a final list of 17 oil companies representing a dozen countries that have pre-qualified to bid on

17 Nov 2016 13:00

Thursday broker round-up

(ShareCast News) - Kingfisher: HSBC reiterates hold with a target price of 380p. Astrazeneca: Berenberg reiterates buy with a 55p target. Aggreko: Jefferies stays at hold with a 750p target. Easyjet: Barclays reiterates equal-weight rating with a 1000p target. Amec Foster Wheeler: UBS keeps at ne

16 Nov 2016 17:04

Final investment decision on Tanzania LNG plant still 5 yrs away -Statoil

By Katharine Houreld DAR ES SALAAM, Nov 16 (Reuters) - The final investment decision on a Tanzania's $30 billion onshore liquefied natural gas (LNG) export terminal will not be made for at least five years and possibly much longer, said Oystein Michelsen, Statoil's Tanzania country manager.

1 Nov 2016 09:38

Ophir says does not need partners for upstream floating LNG project in Equatorial Guinea

By Ed Stoddard CAPE TOWN, Nov 1 (Reuters) - Ophir Energy can go ahead with its Fortuna floating liquefied natural gas project off Equatorial Guinea with or without new partners because the cost estimates have halved to around $450 million, a senior executive said on Tuesday. "The capi

30 Sep 2016 10:06

Friday broker round-up

(ShareCast News) - Vodafone: UBS reiterates buy with a target price of 310p. British Land: HSBC reiterantes buy, 738p target. Ophir Energy: Deutsche Bank keeps at neutral with a 95p target. Homeserve: UBS reiterates neutral with a 610p target. Intercontinental Hotels: Credit Suisse keeps at outpe

30 Sep 2016 08:27

BROKER RATINGS SUMMARY: Split View On Capita As Two Raise, Three Cut

16 Sep 2016 10:54

Friday broker round-up

(ShareCast News) - Admiral Group: Berenberg reiterates hold with a target price of 1804p. Vodafone: Barclays reiterates overweight, 260p target. Next: HSBC keeps at hold with a 4485p target. Asos: JP Morgan reiterates overweight with a 5400p target. Moneysupermarket: RBC stays at outperform with

22 Aug 2016 16:00

Tanzania's President Magufuli orders officials to speed up LNG project

By Fumbuka Ng'wanakilala DAR ES SALAAM, Aug 22 (Reuters) - Tanzanian president John Magufuli ordered officials on Monday to speed up long-delayed work on a planned liquefied natural gas (LNG) plant, saying implementation of the project had taken too long. BG Group, recently acquired b

10 Aug 2016 10:11

Wednesday broker round-up

(ShareCast News) - Ibstock: Jefferies reiterates buy with a target price of 190p. Legal & General: Barclays maintains equal-weight with a 194p target. Glencore: UBS reiterates buy with a 220p target. Booker: HSBC stays at neutral with a 200p target. Spire Healthcare: Berenberg reiterates buy with

29 Jun 2016 08:48

BROKER RATINGS SUMMARY: Merrill Lynch Upgrades Burberry To Buy

21 Jun 2016 14:46

Barclays names Ophir Energy 'top-pick', upgrades Premier Oil

(ShareCast News) - Analysts at Barclays re-jigged their recommendations on European Exploration and Production companies in order to take into account the recent rise in crude oil prices and improved investor sentiment regarding companies´ ability to execute to plan operationally. In the process

6 Jun 2016 17:06

UPDATE 1-Equatorial Guinea says Schlumberger walked away from Fortuna project

(Updates with quote, details) CAPE TOWN, June 6 (Reuters) - Equatorial Guinea's energy minister on Monday said Schlumberger had walked away from the country's Fortuna floating liquefied natural gas (FLNG) project but he also said he was confident it would be successful. Fortuna, Afric

Latest Share Chat

OPHR.L Share News (OPHR)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

FTSE quarterly review confirms raft of changes to 100 and 250 indices

Login to your account

Quickpicks are a member only feature

Login to your account