Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on ALECTO MINERALS PLC. We currently have 15 research reports from 3 professional analysts.
|22Mar17 07:00||RNS||Operations Update|
|27Feb17 14:00||RNS||Appoints Mining Contractor at Mowana Cu Project|
|17Jan17 09:30||RNS||Issue of Convertible Loan Notes to raise GBP £1M|
|23Dec16 07:00||RNS||Shareholder Conference Call|
|21Dec16 07:30||RNS||Suspension - Alecto Minerals Plc|
|21Dec16 07:00||RNS||Proposed Acquisition of Copper Mine, Botswana|
|28Nov16 07:00||RNS||Kossanto East JV Update|
Frequency of research reports
Research reports on
ALECTO MINERALS PLC
ALECTO MINERALS PLC
SP Angel – Morning View
22 Mar 17
Alecto Minerals (ALO LN) Suspended – Update on Mowana | Antofagasta (ANTO LN) – Antofagasta wins latest round in compensation for Reko Diq project in Pakistan | BlueJay Mining* (formerly FinnAust Mining) (JAY LN – formerly FAM LN) BUY Target Price 15p – First production targeted for 2018 | Asiamet Resources (ARS LN) – BKM feasibility study update | Strategic Minerals* (SML LN) – Drilling underway at Redmoor | Stratex International (STI LN) – Drilling results from Thani-Stratex’s Anbat Project | Tertiary Minerals* (TYM LN) – Disposal of non-core gold exploration assets
28 Feb 17
Later today, President Trump is expected to transform his posturing of the past four months into genuine policy priorities. White House officials have suggested that his State of the Union Address, which is due to start at 21:00hrs ET, will detail proposals to simplify the tax code and dismantle Obamacare. Markets are, of course, aware that anything less than expected on stimulus or, perhaps, more aggression on trade policy could well result in a sharp sell-off. Indeed, given that the Dow Jones has risen almost 14% since November's election, some further disclosures may be required to keep its 'plates spinning'. Yesterday, however, US equities were again seen to reverse early caution, with all three principal indices once more closing in the positive albeit with just fractional movements. Early profit taking in utilities and other high-yielders did threaten to break the Dow Jones's sweep of what has now become 12 consecutive record closes, but the wall of money liberated from global bond sell-off rapidly found its way into US equities as news leaked out regarding the scale of additional spending the Republicans are proposing to hurl at the national defence budget. Officials yesterday suggested they would be seeking a much higher than consensus US$54bn funding increase, which they intend to offset with cuts from non-military agencies and foreign aid. In fact, the President was yesterday scheduled to send all Federal Agencies his 2018 budgetary blueprint, of which a complete proposal is expected to be made public in the springtime. One downside for the Department of Defense, however, is that such a dramatic funding boost is unlikely to secure Congress approval without extended negotiation, meaning spending will likely end up frozen at the 2016 level for the remainder of this year. Asian equities by contrast ended mixed this morning, with the Nikkei's early gains given back to finish unchanged on news that industrial output unexpectantly fell last month, while the two Chinese indices went in opposite directions and the ASX remained soft on weak commodity prices. The biggest surprise coming from the large spread of macro data released across the globe yesterday was January's Eurozone business confidence index, which rose to its highest since before the financial crisis, suggesting heightened uncertainty ahead of key elections has yet to dent confidence among the region's business leaders. Perhaps less surprising, but still somewhat cautionary, was this morning's hit on UK consumer confidence for February detailed in the Gfk survey, which suggests that personal finances are now starting to notice the effects of Sterling devaluation. Looking elsewhere, the US is due to publish another large batch of statistics ahead of Trump addressing the joint-session of Congress, including Q4 GDP figures, Wholesale Inventories, Personal Consumption, Chicago PMI and Consumer Confidence numbers. Speeches are due from the Fed's Bullard and FOMC's Williams, which may provide additional hints regarding timing of future interest rate policy, although Fed Funds presently indicate only a 30% change of a rate hike at the March meeting. Being in the middle of the results season, a good number of UK corporates are due to release earnings or trading updates, including Provident Financial (PFG.L), Meggitt (MGGT.L), Taylor Wimpey (TW..L), Greggs (GRG.L), Revolution Bars (RBG.L), GKN (GKN.L) and Fresnillo (FRES.L). Assuming no particular fireworks emanating from the these, London is expected to have a relatively subdued opening, with the FTSE-100 seen rising between 5 and 10 points in early trade.
SP Angel – Morning View
17 Jan 17
Anglo Asian Mining* (AAZ LN) Hold – 22p, Q4 Operations Update | Alecto Minerals (ALO LN) Suspended – Alecto agrees to pay 20% rate on convertible loan notes plus additional fees | Asiamet Resources (ARS LN) – Drilling shows good high-grade copper intersections close to surface | Strategic Minerals* (SML LN) – Sales rise by 24%
17 Nov 16
"The Fed's Patrick Harker yesterday spelt out just how complex policy on interest rates has now become. Janet Yellen's own testimony this afternoon, which is seen as key to December's FOMC decision, will have to grapple with all the new uncertainties injected by the President-elect, ranging from regressive tax cuts, booming infrastructure spending, financial deregulation and cuts in federal spending. No easy task, even if the markets appear more convinced than ever that the first hike since 2006 will be delivered next month and that this will be the first of a series of such moves over the subsequent 18 or so months as inflation climbs. The recent phase of asset repricing, nevertheless, took a breather yesterday, with all principal markets making only fractional movements. The Dow Jones broke its record run to drift into the red as financials retrenched, while momentum in technology stocks meant the NASDAQ still managed to close modestly up. Asia also put in just marginal movements across the board, as oil prices went lower on weekly data detailing a large rise in inventories, while the Bank of Japan surprised traders with its plans to buy unlimited JGBs at fixed rates in its latest daily market operation. The latter, of course, being seen as it effort to ensure domestic rates do not find themselves shackled to the US T-bill's upward movements. Today, the UK is due to release retail sales figures while the CML provides mortgage lending data; Eurozone inflation numbers are also expected this morning. Clearly the principal event of the day, however, will be Janet Yellen's Testimony on Capitol Hill which is due to commence at 10:00hrs EST and likely overshadow speeches also due from the Fed's William Dudley and Lael Brainard; the US is due to release inflation, weekly jobless claims and export statistics this afternoon as well. Another busy day for UK corporates, with earnings or trading updates scheduled from the likes of CRH (CRH.L), Great Portland Estates (GPOR.L), Johnson Matthey (JMAT.L), Kier Group (KIER.L), Premier Oil (PMO.L), Royal Mail (RMG.L), Shanks (SKS.L), Ted Baker (TED.L), TT Electronics (TTG.L) and Watkin Jones (WJG.L). The FTSE-100 is expected to open virtually unchanged." - Barry Gibb, Research Analyst
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.
South Disouq spuds
20 Mar 17
SDX Energy announced this morning that it has spudded the South Disouq (SD-1X) well in Egypt, targeting gas and oil across a number of intervals. This is a high impact event for SDX Energy, as current company 2P reserves of 4.7mmboe (post acquisition) would be dwarfed by success at South Disouq (we model a 65mmboe field of which SDX holds 55% WI), which could be developed quickly due to existing pipeline infrastructure passing through the block. Our valuation for South Disouq is 6.8p/share, although on success we would expect notable de-risking. Our core NAV is 42p with a full NAV (including South Disouq) of 57p/share. The well is due to take 30-45 days, so we would expect a result in mid late April.