Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on OREZONE GOLD CORP. We currently have 1 research reports from 1 professional analysts.
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Research reports on
OREZONE GOLD CORP
OREZONE GOLD CORP
27 Jun 16
"The Brexit fall-out will continue today, with uncertainty seemingly compounding over the weekend as investors reflected on the apparent lack of immediate, firm policy planning and contingent measures to cope with such a binary outcome. The FTSE-100 is seen opening around 95 points down in highly volatile trade, while the principal European indices are also expected to be hit hard again. IMF head, Christine Lagarde, warned of further economic and political pain if UK and European policy markets were not quick to reassure by filling this void. As always, when in doubt, currency volatility remains elevated; Sterling's fall continued in Asia with the onshore GBP/Yuan pair tumbling 8.7% as the PBOC lowered its daily fix by 0.91% to a six-year low on Monday, the largest daily fall since China shocked markets with its currency devaluation; EUR/US$ remains under similar pressure as Eurosceptic parties shake the foundations of the EU to the core by repeating calls for their own referendums. By contrast, Germany has attempted to salvage something from the wreckage, with Peter Altmaier, Angela Merkel's chief of staff suggesting UK politicians should have the possibility to 'think again about the fallout from the exit' following the Chancellor's suggestion that Berlin did not see Britain's vote as irrevocable. Meanwhile, equities in London are seen continuing the pattern set on Friday, with UK banks, retailers and housebuilders/real estate suffering relative to defensives like utilities, telecoms and heathcare. Looking overseas, Japanese equities rebounded as the Nikkei recouped some of Friday's near 8% plunge, while selling continued everywhere else in the region; US indices suffered badly, led by financial from the outset as east coast pundits felt forced to again reflect on the chances of the 'unthinkable' at November's forthcoming presidential election. There is little other news that will capture trader's attention today, as eyes focus on Parliament's post Brexit gathering. The Council of Mortgage lenders data is due for release this morning, while amongst corporates interim results are due from Porvair." - Barry Gibb, Research Analyst
27 Mar 17
Elecosoft* (ELCO): Steadily building profits (CORP) | Bioventix* (BVXP): Interim results lead to upgrades (CORP) | Hurricane Energy (HUR): Halifax discovery (BUY) | KBT Business Technology* (KBT): interims and contract win (CORP) | Independent Oil & Gas* (IOG): Licence updates (CORP)
GMP FirstEnergy ― UK Energy morning research package
27 Mar 17
Amerisur Resources (AMER LN)6; HOLD, £0.30: Reduced 2017e production outlook and year-end 2016 reserves | Condor Petroleum (CPI CN)8 ; BUY, C$3.50: Reports 4Q16 results and remains on track for first production from Turkey in mid-2017e | Hurricane Energy (HUR LN) (not covered): Halifax well update in the UK | Cairn Energy (CNE LN): BUY, £2.90: Update on the VR-1 well in Senegal by Far (FAR AU) (Not covered) | Royal Dutch Shell (RDSA/B LN) (not covered): Divestment of Gabonese assets
Strong trading leads to upgrades
22 Mar 17
On the back of today’s positive trading update and slightly upgraded profit forecasts for FY2017, FY2018 and FY2019 we have reviewed our DCF analysis. This has led to an increased DCF valuation per share of 1500p (from 1200p) which we have made our new target price (from 1200p). Both TFP and JC Paper have contributed to the upgrades shown in the table below as have favourable currency movements. With the potential for further upgrades due to capitalising 3DP costs to come we maintain our Add recommendation.
Small Cap Breakfast
21 Mar 17
First Sentinel—Investment company expecting NEX admission/introduction on 24 March. £636k raised pre-IPO. BioPharma Credit—Expected Gross Initial Acquisition Proceeds now c.$338m. Gross Cash Proceeds capped at $423m with placing and open offer. Results expected 23 March with admission now due 30 march. Tufton Oceanic Assets- The Company intends to invest in a diversified portfolio of second hand commercial sea-going vessels where the Investment Manager believes that an attractive opportunity exists in shipping. $150m raise. Admission 3 April.