The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I presume that if you have such strong opinions with this company and a strong sell then why are you even bothering to post on this board? Why not post sensible comments on shares you are invested in or just go de-ramp elsewhere!
http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=4270088
Charles Kernot at City firm Evolution looked at Afferro Mining (LON:AFF). The analyst said: “Afferro’s work on the Nkout project shows progress in gaining a full understanding of the geological and metallurgical characteristics of the deposit. “With more newsflow to come we believe that the company should garner additional support.” Kernot points out that Severstal, Afferro’s joint venture on a separate project in Liberia, recently bought into a Brazilian mine at around 49 cents a tonne of contained ore. Restating his buy advice and 280 pence a share price target, the analyst concludes: “We believe that Afferro, on around half that valuation before the results of additional drilling which could well reduce it further, looks particularly attractive.”
http://www.stockopedia.co.uk/content/fox-davies-capital-update-featuring-archipelago-resources-ariana-resources-stratex-faroe-petroleum-petroceltic-cadogan-petroleum-56598/ Capital Drilling (BUY) (CAPD, 102.5p, ▼ 0.49%) The group’s interim management statement reads positively with Q1 revenues up 102% to $27.4M and key business metrics developing favourably. Challenges remain in terms of currency appreciation, and an increasingly competitive labour market. Demand from existing client base remains strong though and management remains confident that the business will continue to grow strongly over the foreseeable future. We are not looking to make any major changes to our current forecasts. The shares are supported by a favourable valuation compared with its peers and we retain our Buy recommendation.
http://www.stockmarketwire.com/article/4144287/Photo-Me+in+line+with+market+expectations+for+FY
Entertainment One is hitting the acquisitions trail, again, after an $18.8 million share issue. The Toronto-based producer said it will issue up to 8 million new shares at 145 pence ($2.35) each, and use the coin for “small, earnings enhancing acquisition opportunities.” The UK-listed producer said it will likely pay for potential acquisitions with a mix of cash and shares. “To ensure maximum shareholder value, the company reserves the right to fund the cash element of the acquisitions from its available bank facilities," Entertainment One added. The Canadian company in 2007 and 2008 went on a buying spree to diversify into filmed entertainment, and has spent the last three years digesting acquisitions like U.K. distributor Contender Entertainment, Canadian distributor Seville Pictures and Oasis International, and Los Angeles-based Blueprint Entertainment.
“This is an excellent result for African Aura, and we see the potential for Nkout to evolve into the company’s flagship asset,” said City research firm Fairfax in note to clients. At 10.30 am the shares were up 8.1 pence at 175.35 pence in a busy early session. Charles Kernot, the respected Evolution Securities mining analyst, reckons the stock has much further to go as he raised his price target to 400 pence a share from 210p.
Gold pulled back after rising above US$1,390/oz to settle at US$1,385/oz by late afternoon. Consultancy GFMS, which specialises in precious metals, said that gold could reach US$1,600/oz this year amid low interest rates and the ongoing debt crisis in Europe that will keep gold attractive for investors looking for wealth protection.
http://www.investegate.co.uk/Article.aspx?id=20110113070000Z6771
(RTTNews) - Motion-picture theaters operator Cineworld Group plc (CINE.L: News ), Thursday, in its pre-close trading update for the full year ended December 30, said its total revenues for the year grew 4.7% from last year. Despite the recent adverse weather conditions in the UK, the company expects overall profitability to be within the range of market expectations, helped by strong performance in the rest of the year. Box Office revenues increased 4.2%, while retail revenues decreased 1.5%. The December snowfall in the UK had negatively impacted box office and retail revenues during the festive period. Due to snowy weather, travel to the cinema became very difficult in many areas. Other income for the year increased 39.9%. The company's screen advertising business, Digital Cinema Media, contributed to a significant growth in the other income. Cineworld said, "With the recent easing of the bad weather, we have seen admissions return to levels that we expect for the time of the year. This gives us confidence in Cineworld's performance going into the year ahead, supported by the ongoing digital roll out and an attractive film release programme for 2011." The company plans to publish its preliminary results for the full year on March 10. CINE.L is currently trading at 214.25 pence, up 3.25 pence or 1.54%, on a volume of five thousand shares.
"These very positive results demonstrate the robust nature of the New Liberty Gold Project and confirm our long held belief on the excellent grade potential of the ore zone for the open pit mine. It is worth highlighting that the pre-tax NPV of the project calculated using a gold price of $1,100/oz and 10% discount of $234m / £148m equates to approximately £1.62 / $2.56 per African Aura common share on a fully diluted basis. New Liberty will be an excellent flagship gold asset for Aureus Mining Inc which, subject to the necessary shareholder and regulatory approvals, is anticipated to be created by March 2011 by way of the corporate restructuring as detailed in the Company's news release of 8(th) November 2010.
Yule Catto (LON:YULC) has entered into an agreement to acquire the entire issued share capital of Germany's PolymerLatex for a total transaction value of €443 million. Yule Catto further announced a 4 for 3 rights issue to raise gross proceeds of approximately £225 million.
Exillon Energy has revealed the successful re-completion of appraisal well 1 on the EWS III field and appraisal well 2 on the EWS II field. Appraisal well 1 (10290) is located on the north-eastern margin of the EWS III field. The well was originally drilled in March 2002 and was suspended in February 2003. After reinterpretation of 2D seismic data, and cross-section analysis of the wells drilled on the EWS II and EWS III fields, a new reservoir model was constructed that suggested interconnection between the EWS II and EWS III fields. The group decided to re-test appraisal well 1 last month in order to test this hypothesis. Appraisal well 2 (10285) is located on the far south-east margin of the EWS II field. The well was originally drilled in July 1996, and was suspended in February 2002. Exillon Energy COO Yury Ovcharov said the group was extremely pleased with the results which could represent a significant increase in the real extent of the hydrocarbon deposits in the EWS II and EWS III area, and supported its assertion that the fields may be viewed as a single large accumulation.
“The follow up drilling at Vaca Muerta confirmed and expanded on the results we announced early in October,” chief executive David Fowler said. “The company plans to restart drilling in January 2011 to target a 43-101 compliant resource by mid 2011.” Fowler expects Vaca Muerta has significant potential to add to the San Gregorio mine plan. He adds: “Additional exploration around Vaca Muerta and in the eastern end of the Isla Cristalina belt will continue in 2011 to investigate other gold targets.” According to Orosur, October and November’s drilling has provided additional information on the dip and width of the mineralized zone. It has expanded the strike length of significant gold mineralization to 425 metres, and extended down dip continuation to 120 metres from the surface. Among the first 18 assays the highlights include 24 metres grading 1.65 grams per tonne (g/t) gold from 26 metres deep, 19 metres at 1.78 g/t from just 6 metres, 15 metres at 3.38 g/t from 50 metres, 10 metres at 1.65 g/t from 56 metres and 12 metres at 1.96 g/t from 69 metres. Some assays are still outstanding and 3 holes are left in the current drill programme. Once complete, Orosur plans to compile and evaluate all the data. Subsequently it will begin metallurgical studies and it will carry out additional infill and extension drilling in January 2011. Orosur aims to complete a maiden 43-101 compliant resource for Vaca Muerta by mid 2011.