Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on Karelian Diamond Resources. We currently have 11 research reports from 3 professional analysts.
Jubilee Platinum (JLP.L) | Karelian Diamond Resources (KDR.L) | Hutchison China MediTech (HCM.L)
Companies: JLP KDR HCM
Karelian Diamonds (KDR LN) – Exploration licence adjacent to Lahtojoki mining permit | Landore Resources (LND LN) – Drilling programme at Junior Lake | Petra Diamonds (PDL LN) – Flagging a shortfall in FY 2017 production guidance
Companies: KDR LND PDL
Following Thursday’s celebrations, confidence flagged somewhat in the overnight markets. European and Asian equities had raced higher yesterday on the back of a more dovish than expected tone from Janet Yellen, a recovery in mineral/commodity prices and a firm rejection of populism from the Dutch election. The Stoxx Europe 600 rose 0.7% to its highest close since December 2015, led by mining and oil companies, while the internationally-traded Hang Seng spiked back to levels not seen for two summers. By mid-afternoon, however, the US$ had retreated on slower rate-increase expectations, as Donald Trump revealed plans to slash environmental and foreign aid budgets to fund increased military spending. In his first budget, the President outlined proposals to cut more than US$10bn from the Department of State and USAID, an agency which works to fight poverty across the globe. His ‘America First’ draft meanwhile set aside US$639bn for the Department of Defense, a US$52bn year-on-year increase and the largest since Ronald Reagan was in office, while trimming the Department of Health and Human Services' funding by 18% (US$15.1bn) and education by 13% (US$9bn). These big numbers rather took the puff out of US equities, as analysts pointed to the Health-care sector as the obvious loser given increased expectation of higher regulatory costs and cuts in federal funding, while Energy stocks also suffered as US crude prices retreated below US$50 once again. This meant the three principal US equity indices ended fractionally mixed after a rather anticlimactic session as Treasury Secretary, Steve Mnuchin, insisted the Trump Administration did not want a trade war but was determined to rebalance unfair international trading relationships. Investors may hear more from him on this later today, when he attends a gathering of the world’s G20 finance chiefs. Asian equities ended similarly mixed with mostly just small moves, as traders foresaw new pressure from Mnuchin to boost the value of what his President considers deeply unvalued currencies. Yesterday was also the Bank of England’s turn to surprise a little. Not that it changed its base rate, but the fact that one official dissented in favour of higher borrowing costs while others hinted it might not be long before they do the same. This unexpectedly hawkish signal comes as Theresa May prepares to trigger divorce talks by the end of this month, while inflation is almost certain to breach the BoE’s target 2% level in the first half and possibly exceed its projected 2.4% peak in the second. That said, market consensus remains for no change to UK rates throughout 2017 while sensitive Brexit negotiations get underway, even if it was enough to see the Pound recover a little and Gilt yields rise. UK macro releases due today are limited to the BoE Quarterly Bulletin, while the EU produces January Trade Balance and Construction Output figures. The US is scheduled to release Industrial Production, Capacity Utilisation and the Michigan Consumer Sentiment Index. UK Corporates due to report earnings or trading updates include Sthree, Berkeley Group, Goodwin and Investec. Traders will also be listening out for any feedback from the meeting scheduled for President Trump and Chancellor Merkel in the company of various of Germany’s industry giants; the US$65bn trade deficit and apparently engineered weakness of the Euro will likely be the focus points. Such a mixed bag of sentiment drivers is likely to mean London equities open unconvincingly this morning, with the FTSE-100 giving back some of yesterday’s gains after having rallyied to a new record close. The index is seen down 10 points in opening trade.
Companies: JLP KDR BBY SBRY
Karelian Diamonds (KDR.L) | Europea Metals Holdings (EMH.L) | M&C Saatchi (SAA.L) | EMIS Group (EMIS.L) | F W Thorpe (TFW.L) | Regency Mines (RGM.L) | Stilo International (STL.L) | Diurnal Group (DNL.L) | IMImobile (IMO.L) | Rotala (ROL.L)
Companies: KDR EMH SAA EMIS TFW RGM STL DNL IMO ROL
"Federal Reserve Chairwoman Janet Yellen may be gearing up to raise short-term interest rates at March's FOMC policy meeting after all. While Fund Futures had suggested a June rise was more likely, her optimistic note during yesterday's semi-annual testimony to Congress nevertheless meant that equity traders took the news in their stride while the US$ spike higher. Suggesting that it would be 'unwise' to delay, she painted a largely upbeat picture of the U.S. economy in her first congressional testimony since President Trump took office, noting employment gains in recent months plus higher wage growth, was "a further indication that the job market is tightening". Inflation meanwhile has moved closer to the Fed's 2% objective, while the December personal-consumption expenditures price index moved up 1.6% from a year earlier, a rate last seen in September 2014. Similarly in the UK, yesterday's January CPI figures confirmed the fastest annual rate in 30 months, driven by the Pound's tumble following Brexit, although the figure itself emerged marginally below expectations and led to a minor sell-off of Sterling as rate hike expectations receded somewhat. That said, an increasing school of thought suggests UK inflation may be allowed to rise above the BoE's own 2% CPI target and 'run hot' through most of 2017, assuming it does not breach the 3% level, for fear of Governor Carney otherwise stifling economic momentum during forthcoming Brexit negotiation. The overnight markets accordingly all made further convincing gains, with all principal US markets rising similarly, led by financials and tech stocks as both the S&P500 and NASDAQ chalked-up their sixth consecutive upward moves. Asia went even further, with the Nikkei initially leading the surge as US$:Yen touched a new monthly high, although most other bourse in the region rapidly caught up to close with similar 1% or thereabouts gains, leaving only the Shanghai Composite to end in the negative as fears regarding looming US protectionist measures were resurrected once again. Wednesday will see another large batch of macro releases, with the UK due to detail Average Earnings and Unemployment, while the EU publishes its December Trade Balance and the US delivers its Retail Sales and CPI. No significant earnings or trading updates are anticipated from UK corporates this morning, although some second-liners like Animalcare Group (ANCR.L), NEX Group (NXG.L), QinetiQ Group (QQ..L) and Tracsis (TRCS.L) are scheduled. In the absence of other significant news, London is set to follow the international trend, rising broadly from this morning's opening with the FTSE-100 seen up 20 to 25 points in early trade." - Barry Gibb, Research Analyst
Companies: KDR AERO GSK HZD HCM
Xafinity –Publication of prospectus. The pensions actuarial, consulting and administration business has conditionally raised £179.6m. At 139p. Due to join main market 16 Feb. Guinness Oil & Gas Exploration—Publication of prospectus. Seeking to raise £50m and invest in 15 exploration companies at launch, with plans to grow the portfolio to 30 positions during its lifetime. Issue closing 23 Feb. Arix Bioscience — Intention to float on the main market from the global healthcare and life science company supporting medical innovation. Raised £52m in Feb 16 with investors including Woodford Investment Management
Companies: KDR APQ HAWK PLMO ANCR HSP AFC TRCS LION TOU
"Might the ECB finally call an end to its easy-money policies this summer? Business and consumer confidence was stronger than expected in January according to the European Commission’s Economic Sentiment Indicator. Rising to 108.2 from 107.8 in December, it beat consensus reaching its highest level since March 2011. With household pricing expectations now also at their highest in three years and Germany’s January inflation rate back to its mid-2013 peak of 1.9%, just fractionally below the ECB’s Eurozone target of 2%, calls to begin tapering stimulus and/or cut interest rates are getting louder. The ever-cautionary ECB will, no doubt, point out that recent data has largely been driven by energy costs and will demand more evidence from good and services before being convinced to change policy, for fear that otherwise it might simply stifle a nascent recovery. But market watchers are becoming increasingly aware that most corners of the world are signalling higher consumer prices and, although not exactly ‘trigger happy’, central banks will be determined not to be found ‘behind the curve’. Against such a background, Trump now needs to pull the next rabbit out of his hat, possibly by starting to detail tax-cutting plans or provide a genuine programme for deregulation, in order to keep US equities moving ahead. Although more than 100 US majors, including Facebook, Apple and a number of O&G groups, are due to report this week, investors concerned for the wider ramifications of the President’s selective anti-immigration stance sold US equities and the Dollar off quite sharply yesterday. All three principal US indices declined similarly, with the Dow Jones closing below the 20,000 level. This morning’s Asian trading saw the ASX following the US lead with minerals groups being targeted for profit taking once again, while the Nikkei ended even further down as the Yen:US$ touching 113.25 following the BoJ’s decision to keep policy unchanged while holding off from formally raising its forecast for consumer prices. A good batch of macro data is due from the UK this morning, including the GfK consumer confidence barometer which reportedly ticked up 2 points against expectations polled by the Wall Street Journal of a 1 point decline; other releases due mid-morning include December Consumer Credit and Mortgage Approvals, while shortly after the EU details GDP, Unemployment and CPI for January. A speech from ECB President, Mario Draghi, first thing will also be keenly listed to for any hints on prospective policy, while later the US provides January Consumer Confidence figures. UK corporates due to release earnings or trading updates include Carpetright (CPR.L), CYBG (CYBG.L), Joules Group (JOUL.L), Ocado (OCDO.L), SCS (SCS.L), Severn Trent (SVT.L) and SSE (SSE.L). London is seen recovering modestly from yesterday’s sell-off, with the FTSE-100 rising some 10 points in early trade. " - Barry Gibb, Research Analyst
Companies: Karelian Diamond Resources Nu-Oil And Gas
"Those hoping the President-elect's first news conference would convey a more considered and expansive approach to his forthcoming period in office were left disappointed. The media, on the other hand, had a field day with his dismissal of claims that Russia holds compromising intelligence on him, clashes with reporters, comparing intelligence agencies to Nazis and admitting Mexico may not pay for the wall after all, while opening his new administration up to charges of nepotism and conflict of interest. The absence of any new detail regarding his planned fiscal stimulus knocked the US$ back, while his repeated determination to reform the bidding process to ensure drugs are bought on a more economical basis, possibly including new import tariffs while offering no guarantees on Obamacare, saw health-care stocks become the day's principal casualty. The Dow Jones swung 140 points high to low during the session, dipping into negative territory while Trump was speaking, before all three principal US indices closed with modest gains. This morning's Asian trading ended largely in the negative, with the Nikkei hurting the most due to the Yen's re-strengthening, while Chinese equities were weaker in the absence of any relaxation Trump's apparently hard line on trade with the US. With T-bills climbing somewhat on Wednesday following a successful US$20bn 10-year note auction, attention will likely revert to the Fed Chair, Janet Yellen, and any view she might details regarding building inflationary pressures, in a speech she is due to make this afternoon. Today the UK will see release of the Halifax House Price Index Regional Breakdown, while the EU is due to publish November Industrial Production figures and the US details Initial Jobless Claims. With the results season now underway, the UK will also see a number of corporates publishing earnings or trading updates, including Associated British Foods (ABF.L), AO World (AO..L), ASOS (ASC.L), Barrett Developments (BDEV.L), Debenhams (DEB.L), Dunelm (DNLM.L), JD Sports (JD..L), M&S (MKS.L), Moss Bross (MOSB.L), Mothercare (MTC.L) and Tesco (TSCO.L). Without significant lead from the overnight markets, London is expected to open just modestly weaker with the FTSE-100 seen down some 10 points in opening trade this morning, having hit a fresh all-time high yesterday and setting a record for the longest uninterrupted 12-day rise in its history. Traders will also be listening for additional detail regarding Shire's (SHP.L) reported US$350m settlement in this US against allegations it used kickbacks to promote a skin substitute product." - Barry Gibb, Research Analyst
Companies: KDR TYM VAL EVG JOUL MCL TW/
Totally PLC (TLY.L) | Robinson (RBN.L) | Adept4 (AD4.L) | Tekcapital (TEK.L) | Aukett Swanke (AUK.L) | Escher Group Holdings (ESCH.L) | ASOS (ASC.L) | STM Group (STM.L) | Stadium Group (SDM.L) | Karelian Diamonds (KDR.L)
Companies: TLY RBN PINN TEK AUK ESCH ASC STM SDM KDR
Conroy Gold & Natural Resources* (CGNR.L) | Crossword Cybersecurity * (ISDX:CCS) | Karelian Diamond Resources (KDR.L) | SCICYS (SSY.L) | Keywords Studios (KWS.L) | Redstone Connect (REDS.L) | ZOO Digital Group (ZOO.L) | Genedrive (GDR.L) | Shanta Gold (SHG.L) | Dart Group (DTG.L)
Companies: CGNR KWS COMS EHP SHG DTG SYS KDR ZOO
"Take a deep breath and weigh up the consequences. At the time of writing, Trump appears poised to capture the ultimate protest vote in a most divisive race that has exposed the deep divides across the States by class, race and gender. Just about every significant domino fell his way with even the Senate looking like it has been captured, which now leaves investors to ponder the pace at which he will attempt to fulfil his multitude of campaign pledges. While US equities closed overnight on a nervous, but still upbeat tone with all principal indices rising, only the Asian markets remained open as the results actually trickled in. Plunging amid wild volatility, the Nikkei was seen almost in panic as the Yen/US$ spiked sharply, with the ASX and Hang Seng also falling significantly while the Shanghai Composite held up surprisingly well despite Trump’s anti-free-trade rhetoric being pointed very much at the emerging markets. Treasuries, normally the best place to park money during times of turmoil are lurching lower as investors price in a less predictable occupant of the White House, along with expectations that Janet Yellen, who he accused of being Democratic stooge, is now unlikely to be given a second term as expectation of a Feb December rate hike also dives to below 50% from a peak of 84% in October. Europe will rue the likely collapse of TTIP while environmental campaigners also foresee Trump abandoning Obama’s Clean Power Plan. With S&P futures slumping as much as 5%, markets in Europe are predicted to suffer similar losses with the FTSE-100 seen down over 200 points in this morning’s opening trade. Largely irrelevant against this background, the UK will today will release trade data while also awaiting OECD leading indicators, although a scheduled speech from the Fed’s Kashkari this afternoon could throw up some significant points. A large number of UK corporates, including Burberry (BRBY.L), esure (ESUR.L), Experian (EXPN.L), Flybe (FLYB.L), Sainsbury’s (SBRY.L), SSE (SSE.L) and Tullow Oil (TLW.L). Today markets worldwide, that had been comfortably positioned for a ‘business as normal’ Clinton victory, will be subject to quite rampant volatility as they try to reposition themselves and seek out international safe havens, including gold. For the brave, this will throw up some quite exceptional buying opportunities as traders seek out the likely sectorial winners which seem to include Financials, Defence and Healthcare. " - Barry Gibb, Research Analyst
Companies: CPT AVV IMB MKS KDR ACP
Research Tree provides access to ongoing research coverage, media content and regulatory news on Karelian Diamond Resources. We currently have 11 research reports from 3 professional analysts.
|01Aug17 07:00||PRN||Preliminary Economic Assessment of Lahtojoki|
|28Jun17 07:00||PRN||Claim reservation granted in area surrounding Lahtojoki|
|16Jun17 13:45||PRN||Holding(s) in Company|
|28Apr17 07:00||RNS||Enterprise Securities Market Notice|
|24Apr17 17:15||PRN||Change of Registered Office|
|12Apr17 16:34||PRN||Issue of Equity|
|06Apr17 11:55||PRN||Holding(s) in Company|
Robinson* (RBN): A year of investment (CORP) | Savannah Resources* (SAV): Mutamba update (CORP) | Anglo Pacific (APF): Interim results (BUY)
Companies: RBN SAV APF
As the nation’s youth await the outcome of their studious efforts, investors also hang on the delivery of results. We are in that quiet spell, ahead of the welter of interim results due in September. So far, the majority have been in line with expectations, though some share prices have given back prior gains. As the table shows, most major markets have slipped back in the last fortnight, largely reflecting macro uncertainties. As the results season gathers pace, this will set near term direction. In Share News & Views, we comment on recent results/news from Clarkson, Hill & Smith, H&T Group and Headlam.
Companies: BMS CRPR ECSC EUSP FDM GETB PPIX SNX SPRP SQS TCN W7L
We update this table which we first published in early January and highlight the continued progress of the biggest AIM companies so far this year and activity in general. The latest AIM Statistics show that there are 963 companies currently, with 28 new issues year to date raising £441m. What’s more, this momentum has been maintained since June. This demonstrates that despite, the uncertainty surrounding the UK economy, generally investors continue to be active in the AIM market. In Share News & Views we comment on Cohort, ECSC*, Porvair, Quarto*, SQS* and Xafinity.
Companies: BMS CRPR ECSC EUSP FDM PCF PPIX QRT SNX SPRP SQS TCN W7L
Avingtrans (AVG.L) Sch1 on its Reverse Takeover of Hayward Tyler (HAYT). Combined market cap of c.£75m. Expected 01 September 2017 OnTheMarket—Intention to float on AIM to raise c. £50m which will be used to fund the growth of the OnTheMarket.com portal, already the third biggest UK residential property portal provider. Expected valuation £200m to £250m. Kosmos Energy—. Secondary listing, currently on NYSE. Oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margins. During the first half of 2017, gross sales volumes from Ghana averaged approximately 132,000 barrels of oil per day (net: 26,900 bopd). Due 21 August. No offer. NYSE:KOS. Mkt Cap £2.54bn. Myanmar Strategic Holdings—Intention to float from the independent developer and operator of consumer-focused businesses in Myanmar, one of the fastest growing economies in the world. Expected Mkt Cap $22.7m at $10 per share. No details on funds to be raised. Expected late August. Hipgnosis Songs Fund investment Company offering pure-play exposure to Songs and associated musical intellectual property rights. Offer raising £200m at 100p. The Company has decided to extend the closing date for the Placing, Offer for Subscription and Intermediaries Offer to 1 August 2017. The Company may bring forward this closing date at any time. Admission 15 September 2017
Companies: VOF SRT MED WLF KMK YOLO OXB CLIN IDOX VOG
In this note we revise our oil price deck, roll forward our NAV discount origins to end 2017, and update models for spot fx rates and operational updates. The net effect is to reduce PTs by 21% on average. However, our revised PTs still show considerable upside relative to the current share prices, and we believe the sector can still create value in a Lower for Longer oil price world. We retain Cairn Energy as our top pick. We also upgrade Faroe Petroleum to BUY, given an attractive valuation and defensive story.
Companies: CNE ENQ FPM TLW
In the middle of the holiday season, when in theory the livin’ is easy, far from taking a breather, markets have continued to rise. All major indices are close to all-time highs. Although the Brexit picture is no clearer, share prices continue to make headway. Both M&A and new issue activity remains to the fore. In contrast, the latest snapshot of the economy shows increasing signs of a slowdown. The reporting season continues apace which will set the near term direction. In Share News & Views, we comment on recent results/news from AdEPT, Clipper Logistics, FDM*, GetBusy*, Quarto* Sprue* and Staffline.
Companies: BMS CRPR ECSC EUSP FDM PCF PPIX SNX SPRP SQS TCN W7L
LoopUp—The provider of conference calls and online meetings is seeking to join AIM. 2015 revs of £9.2m and EBITDA of £1.02m | Bacanora Lithium— To list on AIM around 28 Sep as holding company for TSX listed Bacanora Minerals at £100m market cap | Aura Energy—ASX listed uranium developer (ASX:AEE) expected to join AIM 6 September | Autins Group plc - The acoustic and thermal insulation specialist now looks to join AIM late August
Companies: PEG COG IKA OMI EZH MMH UBI CIRC EPO
Destiny Pharma—A clinical stage biotechnology company - lead asset (XF-73) targets antibiotic-resistant bacterial infections in hospitals. Offer TBA. Due early September.| Avingtrans (AVG.L) Sch1 on its Reverse Takeover of Hayward Tyler (HAYT). Combined market cap of c.£75m. Expected 01 September 2017 | OnTheMarket—Intention to float on AIM to raise c. £50m which will be used to fund the growth of the OnTheMarket.com portal, already the third biggest UK residential property portal provider. Expected valuation £200m to £250m. | Kosmos Energy— Secondary listing, currently on NYSE. Oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margins. During the first half of 2017, gross sales volumes from Ghana averaged approximately 132,000 barrels of oil per day (net: 26,900 bopd). Due 21 August. No offer. NYSE:KOS. Mkt Cap £2.54bn. | Myanmar Strategic Holdings—Intention to float from the independent developer and operator of consumer-focused businesses in Myanmar, one of the fastest growing economies in the world. Expected Mkt Cap $22.7m at $10 per share. $4.2m gross raise. Due 22 August. | Hipgnosis Songs Fund investment Company offering pure-play exposure to Songs and associated musical intellectual property rights. Offer raising £200m at 100p. The Company has decided to extend the closing date for the Placing, Offer for Subscription and Intermediaries Offer to 1 August 2017. The Company may bring forward this closing date at any time. Admission 15 September 2017
Companies: MMC RLH MCL ARTL SRT PCA VAST SYS1 BOS
Cairn has upgraded its resource estimates for SNE in its H1 results today, by c19% from 473mmbls to 563mmbls. Our RENAV of 225p currently includes 85p for SNE, based on 2C resources of c470mmbbls (gross) for SNE, risked at 65% CoS, so we would expect to increase our RENAV following today’s announcement. We do not yet include any value either for the >1TCF of potential gas resources associated with Senegal. We continue to believe Cairn looks very undervalued.
Companies: Cairn Energy
Cairn Energy (CNE LN); BUY, £2.30: 1H17 results | EnQuest (ENQ LN); HOLD, £0.35: Disappointing operational update | Premier Oil (PMO LN); Speculative Buy, £0.90: Potential divestment of Wytch Farm at very good price | Kosmos Energy (KOS US/LN) (not covered): Well test results at Tortue
Companies: CNE ENQ PMO KOS
This Morning’s News | Goldplat (GDP LN) | KAZ Minerals (KAZ LN)
Companies: Goldplat Kaz Minerals
We recently hosted our annual Industrial Technology dinner with 14 companies, many of which are active in the materials science arena; having focused previously on composite materials in the aerospace sector, in this edition of Machinations we focus on graphene, with its unique and potentially game-changing qualities and potential applications. Investments in this area remain fairly early stage, but could potentially reap huge rewards. Graphene is well represented in the UK small-cap market by several players.
Companies: SIXH ACL AXS AMPH ALU AEP AVG CAPD CAR FENR FLO RAD GHH HDD HAYT IOF MPE RE/ RED RNO RBN SOM SCE TRT TRI VANL ZAM
Capital Drilling* (CAPD): Good Interims but Tanzania overhangs sentiment (CORP) | Armadale Capital* (ACP): Drilling programme completed (CORP) | Wentworth Resources (WRL): Operational update (BUY) | Gem Diamonds (GEMD): Interim results (BUY)
Companies: CAPD ACP WRL GEMD
Kosmos Energy (KOS.L)—Secondary listing (Standard), currently on NYSE. Oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margins. During the first half of 2017, gross sales volumes from Ghana averaged approximately 132,000 barrels of oil per day (net: 26,900 bopd). No offer. NYSE:KOS. Mkt Cap £2.54bn. | Pembridge Resources (PERE.L) - the natural resource exploration and development company has today moved from AIM to the Standard List of the Main Market.
Companies: PHE EAH SPSY FDEV SSY MERC AVN MUBL ITM DCTA
European Metals Holdings is a London AIM and ASX listed minerals development company. The firm is currently progressing the Cinovec Lithium Project in the NorthWest of the Czech Republic (almost on the German border).
Companies: European Metals