The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPan African Resources Share News (PAF)

Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders

Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders

Share Price Information for Pan African Resources (PAF)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 25.10
Bid: 24.80
Ask: 25.05
Change: 0.00 (0.00%)
Spread: 0.25 (1.008%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 25.10
PAF Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AIM WINNERS & LOSERS: Hornby and Character warn on tight Xmas supply

Wed, 15th Sep 2021 10:58

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

----------

AIM - WINNERS

----------

Sabien Technology Group PLC, up 68% at 31.00 pence, 12-month range 15.00p-61.20p. The energy saving technology company strikes a deal with City Oil Field Inc of South Korea, a waste-to-energy technology firm. Sabien will be City Oil's "exclusive sales agent" in the UK for an initial one-year period. A longer relationship, as well as future sales targets, have been agreed in principle. "The agreement represents a financially efficient means of Sabien accessing COF's technology and developing its use across the UK and the US," Sabien says.

----------

Pan African Resources PLC, up 3.8% at 17.02 pence, 12-month range 15.21p-27.10p. The Africa-focused miner declares a record annual dividend as gold prices lift earnings. For the 12 months that ended June 30, pretax profit doubles to USD104.8 million from USD52.2 million, on the back of a 35% rise in revenue to USD368.9 million from USD274.1 million. Gold production rises 12% to 201,777 ounces from 179,457, with sales up 16% to 201,777 ounces from 173,864.

----------

AIM - LOSERS

----------

Character Group PLC, down 19% at 562.50p, 12-month range 305.00p-720.00p. The Surrey-based toy, games and gifts manufacturer becomes the latest to warn on "logistical challenges". For toy makers, focus is on the lucrative Christmas period, so firms like Character will be hoping supply chain strife eases before the festive trading spell. Character says it expects underlying pretax profit in the year to August 31 to fall by no more than 10% of market forecasts, which stands at GBP12.0 million, on revenue of GBP140 million. More promisingly, Character says the lifting of Covid-19 restrictions has had a "buoyant impact on sales generally".

----------

Hornby PLC, down 14% at 38.04p, 12-month range 32.36p-72.95p. The Margate, England-based model railway brand says sales between April 1 and August 31 drift lower than years gone by but are in line with internal expectations. Trading patterns are beginning to return to pre-Covid levels, however, Hornby says. It is mindful of supply chain and port disruption and says its annual outcome, as is so often the case, rests on its Christmas fortunes.

----------

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
1 Sep 2022 11:45

IN BRIEF: Pan African Resources extends deadline for acquisition

Pan African Resources PLC - Rosebank-headquartered gold producer - Extends the deadline for the fulfilment of the remaining conditions for the acquisition of Mogale Gold Pty Ltd and Mintails' SA Soweto Cluster Pty Ltd to September 30. Explains that it will give the company enough time to conclude the final aspects of its due diligence investigation.

Read more
15 Jul 2022 09:49

LONDON BROKER RATINGS: JPMorgan downgrades Admiral and Direct Line

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
14 Jul 2022 12:05

Pan African Resources strikes annual gold production record

(Alliance News) - Pan African Resources PLC said on Thursday it hit annual gold production record as organic growth projects made "meaningful progress".

Read more
7 Jul 2022 10:30

LONDON BROKER RATINGS: Berenberg cuts Rio Tinto and BofA lowers Anto

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
30 Jun 2022 10:27

Berenberg slightly raises target price on Pan African Resources

(Sharecast News) - Analysts at Berenberg slightly raised their target price on precious metals group Pan African Resources from 28.0p to 33.0p on Thursday following "positive" results from a definitive feasibility study on the Mogale part of its Mintails project in South Africa.

Read more
30 Jun 2022 09:35

LONDON BROKER RATINGS: Downgrades for Intertek and National Grid

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
30 Jun 2022 08:41

Pan African Resources completes feasibility study on Mogale Gold

(Alliance News) - Pan African Resources PLC announced on Thursday it had completed a definitive feasibility study on the Mogale Gold Pty Ltd's tailings storage facilities.

Read more
12 May 2022 07:52

IN BRIEF: Pan African Resources finishes first phase of share buyback

Pan African Resources PLC - Rosebank-headquarted gold producer - Completes the first phase of its share buyback plan that was announced on April 1, acquiring 11.8 million of its own shares for ZAR50.3 million, or about GBP2.6 million. The company now has 2.22 billion shares in issue.

Read more
10 May 2022 14:11

IN BRIEF: Pan African Resources switches 10-megawatt solar plant on

Pan African Resources PLC - Rosebank-headquarted gold producer - Announces its 10-megawatt solar plant has started generating electricity at subsidiary Evander Gold Mines Ltd as part of the commissioning process. The solar plant will provide an estimated 30% of the power requirement at Evander's Elikhulu tailings retreatment plant and materially reduce electricity costs. The ZAR150-million solar plant is the first of this capacity to be commissioned by a miner in South Africa.

Read more
6 May 2022 11:26

IN BRIEF: Pan African Resources says Barberton exploration successful

Pan African Resources PLC - Rosebank-based gold producer - Says its exploration efforts have been successful, finding high-grade orebodies on the down-dip extensions at its Barberton gold mines in Mpumalanga. It says exploration results will inform and enhance its mineral resource and reserve estimates, which will be presented in September. In 2021, Barberton mines produced 84,819 ounces of gold, up from from 68,129 ounces in 2020.

Read more
6 May 2022 11:25

Pan African Resources pleased with latest drilling at Barberton

(Sharecast News) - Pan African Resources announced the completion of its underground drilling programme at Barberton Mines on Friday, with 68 underground diamond core boreholes drilled, and around 7,000 metres of drilling.

Read more
6 Apr 2022 09:39

LONDON BROKER RATINGS: Berenberg cuts Polymetal and raises Hochschild

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
1 Apr 2022 14:30

Pan African launches one-month share buyback

(Sharecast News) - South African gold producer Pan African Resources began the first phase of a share buyback programme on Friday, to purchase up to ZAR 50m (£2.6m) of shares back over one month.

Read more
1 Apr 2022 07:15

IN BRIEF: Pan African Resources to buy up to ZAR50 million own shares

Pan African Resources PLC - Rosebank-based gold producer - Plans to start phase one of a share buyback programme to the tune of ZAR50 million, or about GBP2.6 million, over one month from April 1. It says its shares offer significant value given the quality and profitability of its existing operations and growth projects. The share buyback programme is part of the company's broader strategy to deliver value to its shareholders.

Read more
14 Mar 2022 09:34

Pan African secures five exploration licences in Sudan

(Sharecast News) - Pan African Resources has secured five prospecting concessions, or exploration licences, in north-eastern Sudan, it announced on Monday, dubbed the 'Block 12' concessions).

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.