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Pin to quick picksThor Explor Share News (THX)

Share Price Information for Thor Explor (THX)

London Stock Exchange
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Share Price: 15.50
Bid: 15.00
Ask: 16.00
Change: 0.75 (5.08%)
Spread: 1.00 (6.667%)
Open: 14.50
High: 15.50
Low: 14.50
Prev. Close: 14.75
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Sunday share tips: Sainsbury's, Thor Exploration

Sun, 02nd Jul 2023 15:05

(Sharecast News) - The Sunday Times's Lucy Tobin recommended Sainsbury's to readers in anticipation that the recent warm weather that had boosted fashion retailers' toplines likely also benefitted the grocer.

True, expectations for a slowdown in inflation had yet to bear fruit, but Sainsbury's Tu unit was also the sixth-largest clothing retailer by volume.

She also expected Argos would benefit from the weather as well as pay-rise benefits to nominal income too.

On the flip-side, she also believed that would not be reflected in the company's first quarter trading update that was due out on the following Tuesday.

Instead, the cost-of-living crisis was likely to still a drag on its first quarter performance as the grocer was forced to cut prices and increase its offers.

Hence, the tone of the update was likely to remain cautious and its guidance for full-year underlying pre-tax profits of £640-700m unchanged.

"But Sainsbury's shares are still trading below the five-year highs of 336p seen in August 2018, while sitting in a leaner, better-managed business.

"Food inflation will come down, and the stock offers a dividend yield of 5 per cent. Sainsbury's has a decent balance sheet with the possibility of surplus capital being shared with investors in the medium term.

"Check into Sainsbury's".

The Financial Mail on Sunday's Midas column recommended shares of Thor Exploration to readers, banking on the company's expansion plans output increases to drive share price gains.

Thor owns the highly-profitable Segilola gold mine in Nigeria and there was a pipeline of several more projects.

In 2022, the company produced 98,000oz. of the yellow metal for $165m in sales and net profit of over $25m.

For the current year, production should reach 95,000oz. with turnover rising to $176m, Midas said.

Brokers were anticipating growth of 20% on top of that over 2024.

The company's chief executive officer and founder, Segun Lawson, bought a further 6.6m shares in Thor last month and the remainder of the family owned another 15% - a "sure sign of confidence".

Midas also believed that combined holding in the company would prompt Lawson to move ahead with dividends as soon as practicable.

"Nigeria fills many investors with doubt, but Lawson has developed a safe and profitable gold mine just hours from Lagos, staffed by locals and backed by government," the tipster said.

"[...] And at a time of economic uncertainty and sticky inflation, gold prices, currently more than $1,900 an ounce, should remain firm. At 17.5p, Thor is a find for the adventurous investor."

More News
17 Apr 2023 14:42

IN BRIEF: Thor Explorations backs annual gold production guidance

Thor Explorations Ltd - mineral exploration company focused on developing assets in Nigeria, Senegal and Burkina Faso - For the three months ended on March 31, gold production at Segilola Production totals 20,629 ounces, at an average grade of 2.95 grammes per tonne. Looking ahead, for 2023, production guidance range remains at 85,000 to 95,000 ounces of gold, weighted towards the second half of the year. Identifies new high grade quartz vein system within 15 kilometres of Segilola Near-Mine exploration with multiple high grade drillhole intercepts. Says drilling is ongoing at Douta with a further 40,000 metre drilling programme to be completed in 2023.

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20 Mar 2023 10:27

Thor Explorations mineral resource estimate in Senegal doubles

(Alliance News) - Thor Explorations Ltd on Monday announced an improved mineral resource estimate for its Douta gold project in Senegal.

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27 Feb 2023 16:43

Thor Explorations finds high-grade gold intersects at Nigeria mine

(Alliance News) - Thor Explorations Ltd on Monday said initial drilling results from a reconnaissance programme found high-grade gold intersects near the Segilola mine in Nigeria.

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3 Feb 2023 16:30

TRADING UPDATES: Altona extends repayment; Kefi advances Saudi Arabia

(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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11 Jan 2023 09:30

CORRECT: Getech signs deal; AfriTin confirms name change

(Corrects that Zenith Energy is based in Canada, not in Scotland.)

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10 Jan 2023 21:34

TRADING UPDATES: Getech signs deal; AfriTin confirms name change

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

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20 Dec 2022 16:11

TRADING UPDATES: Predator buys majority in Cory Moruga; Thor tips gold

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

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9 Dec 2022 15:43

UK shareholder meetings calendar - next 7 days

Monday 12 December 
Devolver Digital IncSGM re 2022 Long-Term Incentive Plan approval
Marwyn Value Investors LtdAGM
Osirium Technologies PLCGM re placing agreement with Allenby Capital
PCF Group PLCGM re proposed cancellation of trading on AIM
Tuesday 13 December 
Amedeo Air Four Plus LtdAGM
Avation PLCAGM
Blancco Technology Group PLCAGM
JD Sports Fashion PLCGM re remuneration policy
Macau Property Opportunities Fund LtdAGM
Softcat PLCAGM
Spectris PLCGM re remuneration policy
Wednesday 14 December 
Fidelity Special Values PLCAGM
Kistos PLCGM re new non-operational entity
Parsley Box Group PLCGM re proposal to become a private limited company
TP Group PLCGM re cash acquisition
Volution Group PLCAGM
Westpac Banking CorpAGM
Thursday 15 December 
Aeorema Communications PLCAGM
Argos Resources LtdAGM
Baillie Gifford Japan Trust PLCAGM
Capricorn Energy PLCGM re proposed share premium account cancellation
Chelverton Growth Trust PLCAGM
CQS Natural Resources Growth & Income PLCAGM
DX Group PLCAGM
DXS International PLCAGM
Glenveagh Properties PLCEGM
Secured Income Fund PLCGM re proposed reduction of capital
Schroder Income Growth Fund PLCAGM
Friday 16 December 
Bellway PLCAGM
Inchcape PLCGM re Derco acquisition
JPMorgan Global Growth & Income PLCGM re proposed combination with JPMorgan Elect PLC
National Australia Bank LtdAGM
Sareum Holdings PLCAGM
Thor Explorations LtdAGM
UP Global Sourcing Holdings PLCAGM
  
Copyright 2022 Alliance News Ltd. All Rights Reserved.

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30 Nov 2022 20:46

TRADING UPDATES: Scholium profit grows; Honye Financial loss narrows

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

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16 Nov 2022 21:36

TRADING UPDATES: Aterian appoints CFO; Marwyn Value gets tax refund

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

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12 Sep 2022 13:42

CORRECT: Thor Explorations hails drilling results at Douta project

(Correcting company name is Thor Explorations Ltd, not Thor Mining, and company description.)

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12 Sep 2022 10:23

Thor Mining shares lifted by drilling results at Douta Gold project

(Alliance News) - Thor Mining Ltd shares rose on Monday, after it revealed "encouraging" drilling results at the Douta Gold project.

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30 Aug 2022 16:13

TRADING UPDATES: Thor Explorations, Zenith Energy post swing to profit

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

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8 Jul 2022 17:43

IN BRIEF: Thor Explorations gold production rises in second quarter

Thor Explorations Ltd - Vancouver-based mineral explorer with assets in west Africa - For the second quarter of 2022, produces 23,785 ounces of gold, compared to 21,343 ounces the quarter before, while also commissioning several compressed natural gas generators.

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6 Jun 2022 13:55

Director dealings: Nine Pure Gold board members buy shares

(Sharecast News) - Pure Gold Mining had a number of entries on the list of buys on Monday, after it disclosed purchases made by nine of its directors.

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