The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWolf Minerals Share News (WLFE)

  • There is currently no data for WLFE

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sunday share tips: Premier Foods, Rare Earth Minerals, Bunzl

Sun, 19th Oct 2014 16:41

It could be the a good time to buy shares of Premier Foods, Danny Fortson argued in his Sunday Times column, Inside the City. The company, whose brands include Oxo and Mr Kipling, took on too much debt before the financial crisis but Chief Executive Gavin Darby has fixed its structural problems. He has cut debt payments, spun off the ailing Hovis business and struck a deal with pension trustees. The company is not yet "normal", as Darby has claimed, and third-quarter trading could look grim when the company reports on October 23rd but the bottom is probably not far off.Rare Earth Minerals is an attractive prospect for adventurous investors, Midas said in the Mail on Sunday. Lithium is in high demand and the mining company owns a third of a new lithium project in Mexico. The mine is in a part of Mexico favorable to the industry and fairly close to a new battery plant built by Tesla, the US electric car company. Some "canny observers" think a tie-up between Rare Earth and Tesla could happen quite soon. Rare Earth shares trade at 1p but there are 5.7bn of them, valuing the company at £57m. The long-term outlook for Rare Earth is sound.Hold shares of Bunzl, the distribution group, for long-term value, Questor said in the Sunday Telegraph. Bunzl posted a steady trading update last week. Its products, from bags and stationery for retailers to latex gloves and face masks for cleaners and surgeons, tend to be thrown away. The company expects to meet annual profit expectations, despite being hit by the strong pound. It generates cash and is a good defensive stock. The shares are pricy but existing shareholders should stick with Bunzl. BG Group has reached a defining moment with the expensive hiring of Helge Lund as Chief Executive, Danny Fortson said in the Sunday Times. The Inside the City columnist said the £29m package to lure Lund from Statoil flouted corporate governance conventions but Chairman Andrew Gould was denied his first choice candidate last time over pay and the outcome was not good. Chris Finlayson quit as Chief Executive in April after 14 months. It's a slippery slope to give in to Lund's demands but Gould can say: "Look what happened last time." Wolf Minerals owns the first mine to open in the UK in the past 33 years and shareholders should stay with it, Midas said in the Mail on Sunday. The recent weakness in Wolf's share price, as part of a general sell-off of miners, is not justified. The shares have fallen since Midas recommended them in January 2012. There is more demand than supply for tungsten, which Wolf mines. The share price should rise even though the company cannot pay dividends for three years. Existing shareholders should hold and new investors are likely to find value at today's price of 13.375p. Connect Group caught investors' attention when it announced a deal to deliver goods on the day of order for Amazon, using its existing fleet of vehicles that transport newspapers and magazines to newsagents. The company is profitable and generates cash despite the decline of print-based news. The news and magazine delivery business still makes up 84% of revenue but Connect is expanding its non-print business. The shares have fallen 35% since their January peak and have a forecast dividend yield of 7.2%. Market expectations for financial performance do not look demanding so hold on to the shares, Questor says.
More News
19 Nov 2018 13:42

Wolf Minerals AIM Shares Cancelled As No Replacement Advisor Appointed (ALLISS)

LONDON (Alliance News) - Shares in Wolf Minerals Ltd were cancelled on Monday after its nominated advisor and broker, Numis Securities Ltd, resigned and was not replaced.A notice of was the

Read more
30 Oct 2018 12:40

Hargreaves Services Meet Expectations As Chair And CEO Buy Shares

LONDON (Alliance News) - Hargreaves Services PLC said Tuesday it is trading in line with revised expectations following the cessation of its supplier contract with Wolf Minerals Ltd subsidiary UK,

Read more
9 Oct 2018 10:43

WINNERS & LOSERS SUMMARY: Serica Energy Jumps On Iran Sanctions Waiver

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - up 1.8%. The insurer said it remains on track a

Read more
9 Oct 2018 10:15

Wolf Minerals Shares Drop Amid Funding Fear, Hargreaves Services Hurt

LONDON (Alliance News) - Shares in metals producer Wolf Minerals Ltd dropped a third Tuesday as it warned that it would be unable to meet working capital requirements if it cannot come to an on be

Read more
27 Sep 2018 10:48

Wolf Minerals Defers Annual Report Release As It Finalises Funding

LONDON (Alliance News) - Wolf Minerals Ltd said on Thursday it has decided to defer the release of its annual results as it finalises funding for the Drakelands open pit mine in Devon, are pleased

Read more
20 Aug 2018 14:55

Wolf Minerals confirms agreement conditions with lenders have been met

(Sharecast News) - Specialty metals producer Wolf Minerals announced on Monday that, further to its updates on 30 July and 1 August, all of the conditions precedent to the standstill arrangements and amended and restated agreements with its existing senior lenders and Resource Capital Fund VI had been satisfied.

Read more
20 Aug 2018 09:58

Wolf Minerals Meets All Conditions For Amended Bridge Facility

LONDON (Alliance News) - Shares in Wolf Minerals Ltd jumped on Monday after the company said that all the conditions for the standstill arrangements with the its existing senior lenders have been

Read more
14 Aug 2018 13:50

Wolf Minerals Executes Standstills Related To Debt Facilities

LONDON (Alliance News) - Wolf Minerals Ltd said Tuesday it has executed all necessary full form standstill and amended and restated agreements relating to its debt facilities with its senior and

Read more
14 Aug 2018 13:32

Wolf Minerals executes necessary agreements to start funding flow

(Sharecast News) - Specialty metals producer Wolf Minerals has now executed all necessary full form standstill and amended and restated agreements relating to its debt facilities with its existing senior lenders and bridge loan facility with Resource Capital Fund VI, it announced on Tuesday, to support its short-term working capital requirements until 28 October.

Read more
30 Jul 2018 10:58

Wolf Minerals Secures New Financing To Cover Operations Until October

LONDON (Alliance News) - Metals producer Wolf Minerals Ltd on Monday said it has agreed new financial arrangements which should cover its operations until the end of October.Shares in the a

Read more
26 Jul 2018 13:51

Wolf Minerals Shares Temporarily Halted From ASX Ahead Of Announcement

LONDON (Alliance News) - Wolf Minerals Ltd said Thursday it has been granted a trading halt by the Australian Security Exchange pending an announcement on its financing arrangements.The be

Read more
20 Apr 2018 10:33

Wolf Minerals To Return GBP7.5 Million Bond In Hemerdon Settlement

LONDON (Alliance News) - Wolf Minerals Ltd on Friday said it has agreed a settlement over a dispute at its Hemerdon mine which will see it return a GBP7.5 million performance bond.Shares on

Read more
21 Mar 2018 16:35

Wolf Minerals Appoints Richard Lucas As Permanent Managing Director

LONDON (Alliance News) - Wolf Minerals Ltd said Wednesday that it has appointed Richard Lucas as permanent managing director of the company with immediate effect.Lucas,

Read more
24 Nov 2016 11:01

Wolf Minerals Planning Permission Extended At Devon Tungsten Mine

Read more
24 Oct 2016 09:25

Wolf Minerals Delays Debt Payment After Devon Tungsten Mine Troubles

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.