Market Reaction: Neutral. Cash is lower than we carried mainly on movements in working capital. The biggest imminent piece of newsflow for the Company remains the closing of the producing Stag Oil Field acquisition in Australia which we expect in the coming weeks. We expect the closing of the Block 5 acquisition in Vietnam could take slightly longer given the necessary government approvals in Vietnam.
30 Aug 2016
1Q17 RESULTS
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1Q17 RESULTS
Montanaro European Smaller Companies Trust PLC (MTE:LON) | 134 -1.3 (-0.7%) | Mkt Cap: 253.4m
- Published:
30 Aug 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: Neutral. Cash is lower than we carried mainly on movements in working capital. The biggest imminent piece of newsflow for the Company remains the closing of the producing Stag Oil Field acquisition in Australia which we expect in the coming weeks. We expect the closing of the Block 5 acquisition in Vietnam could take slightly longer given the necessary government approvals in Vietnam.