focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
CONTROL EMPRESARIAL DE CAPITALES, S.A. DE C.V. (Carlos Slim Family) now not only have so far rapidly obtained a +5% stake in HBR but also a 49.9% stake in Talos Mexico (all co shareholders/owners in the huge Zama field along with Wintershall Dea and of course Pemex), interestingly, HBR has been rumoured to have been in talks with both Talos and Wintershall Dea recently, it's all just like a puzzle with currently many rumours out there, any thoughts??
Unilever in advanced talks to sell Elida Beauty to Yellow Wood-sources
https://www.reuters.com/markets/deals/unilever-advanced-talks-sell-elida-beauty-yellow-wood-sources-2023-12-14/
Https://www.observer24.com.na/anglo-american-unlocks-value-through-operational-discipline/
Worth mentioning that Shorts here have also now significantly reduced positions, and one again I re-emphasise that following on the latest HBR Trading and Operations update, I strongly believe that we can expect potentially game changing positive updates here via both organic growth (Outstanding "International [and UK] growth projects advancements") and Inorganic opportunities ("Material M&A") in coming weeks ahead.
"Material M&A" now looks well set/positioned with lower O&G prices and having timely sold the non-core Vietnam assets; HBR clearly looks efficiently managed, amazingly has no debt, expiring hedges (along with Tolmount East production now underway), cost management initiatives also in place, as I've said before, HBR has potential to be a Multibagger stock from these levels.
Following on the latest HBR Trading and Operations update, I strongly believe that we can expect potentially game changing positive updates here via both organic growth (Outstanding "International [and UK] growth projects advancements") and Inorganic opportunities ("Material M&A") in coming weeks ahead.
"Material M&A" now looks well set/positioned with lower O&G prices and having timely sold the non-core Vietnam assets; HBR clearly looks efficiently managed, amazingly has no debt, expiring hedges (along with Tolmount East production now underway), cost management initiatives also in place, as I've said before, HBR has potential to be a Multibagger stock from these levels.
Berenberg slashes target price on Anglo American
Analysts at Berenberg slashed their target price on multinational mining group Anglo American from 2,000.0p to 1,500.0p on Monday, stating its recent update left "a lot to answer".
Berenberg updated its model on Anglo American following its 2023 investor update, which it released on 8 December, with the stock closing down roughly 20%, as it "materially" underperformed peers due to the magnitude of volume cuts.
The German bank noted that while it has seen an improvement in sentiment regarding Anglo American in recent weeks and months, it still does not think that the time was right to step into the equity story.
Berenberg said this was mainly due to the severity of the cuts to estimates, alongside its expectation that lower volumes and still sticky costs will impact free cash flow generation and fail to support a deleveraging story.
"While some may argue that the stock is cheap after a 20% sell-off, our revised estimates bring our net asset value down materially and our price target to 1,500.0p per share. We remain 'hold'-rated. We also flag potential impairment risk with the 2023 results given the guidance cuts. Anglo is trading on 1.67x NAV and 5.2x 2024E EBITDA," said Berenberg.
https://www.sharecast.com/news/broker-recommendations/berenberg-slashes-target-price-on-anglo-american--15561426.html
@Dumbly, I don't believe so, and primarily due to this line as stated in the latest HBR Trading and Operations update of 29 November:
"We also continue to evaluate a number of material M&A opportunities in line with our stated strategy, as we seek to build a global and diverse oil and gas company."
IMO, HBR will be looking to diversify internationally (likely within their current core geographical areas and split between both Oil and Gas) while maximising their Own/PMO inherited portfolio at same time:
§ International growth projects advanced with the potential to materially increase our reserve life
§ High return, short cycle, infrastructure-led UK investment opportunities progressed, supporting future production and cash flow
Good posts, and agree that "lots happening here with HBR", now looking forward to relating updates on both the ongoing internal projects and M&A opportunities, HBR clearly has big potential and is undoubtedly very much undervalued today.
Anglo American Plans Extensive Cost Cutting at South African Operations, Reuters Reports
--Anglo American plans sweeping cost cuts at its South African operations, including mothballing higher-cost platinum mines, which would widen job cuts in the sector, Reuters reports, citing sources familiar with the matter.
--Cost-cutting measures include shelving plans to boost output at Anglo American Platinum's key Mogalakwena mine and place some shafts at the Amandelbult operations on care and maintenance, should the platinum metals prices remain weak, Reuters reports.
--The moves, including a lower output guidance, could be announced at the miner's trading update on Friday, Reuters reports.
--Anglo American declined to comment when contacted by Dow Jones Newswires.
https://uk.marketscreener.com/quote/stock/ANGLO-AMERICAN-PLC-4007113/news/Anglo-American-Plans-Extensive-Cost-Cutting-at-South-African-Operations-Reuters-Reports-45523863/
Https://oilprice.com/Energy/Crude-Oil/OPECs-Oil-Output-Drops-for-the-First-Time-Since-July.html
Also looking like an excellent time for M&A.
"We have continued to maximise the value of our UK oil and gas portfolio and to progress our diversification opportunities in Mexico, Indonesia and CCS while maintaining strong cost control and capital discipline. This has enabled significant free cash flow generation and a robust balance sheet, supporting material shareholder returns over and above our base dividend.
We also continue to evaluate a number of material M&A opportunities in line with our stated strategy, as we seek to build a global and diverse oil and gas company. Recent large transactions in our sector and our own discussions with potential counterparties indicate that market conditions for M&A are improving. We remain disciplined, balancing the return of excess capital to shareholders with ensuring flexibility for meaningful, value accretive M&A which would support shareholder returns over the longer run."
"§ International growth projects advanced with the potential to materially increase our reserve life"
Now getting increasingly interesting here and hence once again, I wonder if we'll first get updates on our own ongoing HBR projects/portfolio (as recently highlighted by HBR as per their above statement) or on Material M&A Opportunities??
§ International growth projects advanced with the potential to materially increase our reserve life
I wonder if we'll first get updates on our own ongoing projects here (as recently highlighted above) or on Material M&A Opportunities??
anglo american and anto***asta shares rally after upgrades
anglo american and anto***asta were rallying friday in a european stock market playing catch-up to wall street, as the two miners were upgraded to buy at ubs.
anglo american shares surged 7% as ubs lifted its rating to buy from neutral while keeping its price target unchanged. “we believe the risk/ reward is now attractive with anglo to benefit from improving copper prices in 2024/25, resilient iron ore & met-coal prices, as well as recovering pgm & rough diamond prices,” said analysts led by myles allsop.
ok, let's try this one:
https://www.msn.com/en-us/money/markets/anglo-american-and-anto***asta-shares-rally-after-upgrades/ar-aa1kpsdj
https://www.marketwatch.com/story/anglo-american-and-anto***asta-shares-rally-after-upgrades-d5d59ac4
Lots happening here in parallel both within our portfolio and on the M&A front, HBR is clearly looking very proactive, so not unrealistic to expect few major updates here in the coming weeks/months, all while trading volumes remain unusually low.
If DOCS is to have any real chance here, company now visibly needs new management/fresh blood at the helm as current strategy (Geography, Product, Pricing, Marketing, Competition Displacement......etc.) is clearly NOT working IMHO.