Well testing operations have now ceased at BB.
"... the focus now shifts to the Horse Hill well site (located in licence PEDL137), operated by Horse Hill Developments Ltd (HHDL), where an extended well test of the Horse Hill-1 oil discovery will commence once all regulatory approvals are in place".
""... we are excited by the prospect of exploring the highest priority gold occurrences in the coming weeks. We will keep shareholders updated on progress on both the mine-related work and the regional gold exploration."
The mood at Topps Tiles (TPT) feels positive after first quarter trading and Peel Hunt believes the forecast momentum has �shifted�.
Analyst John Stevenson reiterated his �buy� recommendation and target price of 100p on the stock after a first quarter update showed like-for-like sales increased 3.4%. The shares rose 8.8% to 87p yesterday.
�We are in no rush to start upgrading forecasts on the basis of one quarter�s trade,� he said. �However, the mood music feels much more positive, benefiting from a more consistent and less volatile reading period. Given the weaker comparatives ahead, Topps looks well placed to build up a good margin of safety against forecast expectations.�
Stevenson said he would review the numbers after the second quarter but he feels �more confident that forecast momentum has shifted�.
�Topps shares are trading on a full year 2018 price/earnings ratio of just 11x and offer an attractive, well covered yield of 4.5%,� he said.
http://citywire.co.uk/money/the-expert-view-bp-morrisons-and-persimmon/a1082200?re=51587&ea=189473&utm_source=BulkEmail_Money_Daily&utm_medium=BulkEmail_Money_Daily&utm_campaign=BulkEmail_Money_Daily#i=6
If an improvement in the climate of the Brexit talks prompts a recovery of the �, then that could lead to money coming out of the $-exposed stocks and moving into domestic-orientated stocks.
... �The full-year 2017 results are as expected but investors should take confidence from much improved current trading, which sets a positive tone moving into 2018,� he said.
�At this early stage, we prudently leave our profit and loss forecasts unchanged, although there is good upside risk if momentum continues. Working capital initiatives lead us to lower our net debt estimates. The strategy remains appropriate and good progress is being made to drive long-term growth. The recent share price fall continues to offer an attractive buying opportunity.�
Thanks to 2breakout on advfn.
RE: Year-end announcement, 28/11/1728 Nov 2017 10:06
On last year's depressed earnings of 7.63p, they are on a PE of 8.5 at 65.00p.
Imho, that is a very undemanding multiple and takes no account of a better start to the current year's trading.