Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksThor Explor Share News (THX)

Share Price Information for Thor Explor (THX)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 16.25
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.50 (3.125%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 16.25
THX Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
3 May 2022 15:11

IN BRIEF: Thor Explorations annual loss narrows on gold sales

Thor Explorations Ltd - Vancouver-based mineral explorer with assets in west Africa - Narrows annual loss in 2021 as it makes a revenue. Annual pretax loss shrinks to CAD2.6 million, about GBP1.6 million, from CAD3.9 million in 2020. Revenue amounts to CAD7.8 million, made entirely through gold sales, versus nothing in 2020. Confirms full year guidance from March, aiming for 80,000 to 100,000 ounces of gold during 2022.

Read more
11 Apr 2022 22:01

TRADING UPDATES: Manolete caution; tinyBuild buys in Russia-Ukraine

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

Read more
7 Feb 2022 13:49

TRADING UPDATES: Mode offers staff bitcoin; Argo Blockchain mines less

TRADING UPDATES: Mode offers staff bitcoin; Argo Blockchain mines less

Read more
10 Jan 2022 14:38

Thor Explorations Segilola plant back to running at capacity

Thor Explorations Segilola plant back to running at capacity

Read more
10 Dec 2021 14:51

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
30 Nov 2021 15:08

TRADING UPDATES: Topps Tiles and Vp post return to profit

TRADING UPDATES: Topps Tiles and Vp post return to profit

Read more
5 Oct 2021 22:06

TRADING UPDATES: Inland gets Basildon permission; ICG assets grow

TRADING UPDATES: Inland gets Basildon permission; ICG assets grow

Read more
31 Aug 2021 21:35

UK EARNINGS SUMMARY: CentralNic sales rise, Base Resources ups payout

UK EARNINGS SUMMARY: CentralNic sales rise, Base Resources ups payout

Read more
9 Aug 2021 17:08

TRADING UPDATES: Netcall wins new deal; Sareum raises GBP1 million

TRADING UPDATES: Netcall wins new deal; Sareum raises GBP1 million

Read more
30 Jul 2021 19:40

TRADING UPDATES: Capita and Custodian REIT agree disposals

TRADING UPDATES: Capita and Custodian REIT agree disposals

Read more
19 Jul 2021 19:13

TRADING UPDATES: Sareum raises GBP1 million; Marlowe buys Core Stream

TRADING UPDATES: Sareum raises GBP1 million; Marlowe buys Core Stream

Read more
22 Jun 2021 21:25

IN BRIEF: Thor Explorations shares start trading in London

IN BRIEF: Thor Explorations shares start trading in London

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.