Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on AMEDEO RESOURCES PLC. We currently have 1 research reports from 1 professional analysts.
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AMEDEO RESOURCES PLC
AMEDEO RESOURCES PLC
15 Jun 16
"Following yesterday’s Brexit-led sell-off, London equities are expected to rebound modestly this morning with the FTSE-100 seen gaining around 15 points on the opening. Driving the market fears home, Chancellor George Osbourne cited the prospective need to plug a £30bn gap in the public finances that could be created by a British exit, pointing at emergency tax increases together with fresh spending cuts. The ECB has apparently already prepared steps to provide additional liquidity to the UK financial markets given such an outcome, as pressure on Sterling and the Euro send US and Japanese currencies higher while their government bond yields test fresh lows and Germany’s 10-year yield fell into negative territory for the first time. Picking up the mood, all principal US indices tracked modestly downward, with the S&P suffering its largest four-day decline since February as investors wait for the Fed’s interest rate decision this afternoon. Asia was gently mixed, with the Shanghai and Nikkei leading gains in the absence of specific corporate drivers. Data watchers should anticipate release of UK monthly unemployment figures this morning, followed by US PPI this afternoon along with the Federal Reserve Interest rate decision and economic projections, which are due to be followed by a press briefing from Chair Janet Yellen." - Barry Gibb, Research Analyst
Positive returns from all asset classes in Q316
28 Nov 16
Tetragon Financial Group (TFG) reported fair value earnings of US$49.7m for the third quarter of 2016, with positive contributions made by all asset classes. NAV total return was 1.3% for the quarter and 7.8% for the nine months to 30 September 2016. Having completed a US$100m tender offer in June 2016, TFG commenced a US$50m tender offer on 9 November 2016, which should be meaningfully accretive to NAV per share given the current wide share price discount to NAV. Consistent with previous years, the third interim dividend was held in line with the second interim, confirming TFG’s 5.9% yield.
N+1 Singer - Morning Song 30-11-2016
30 Nov 16
Sanderson has delivered full year results in line with expectations and the 19 October trading update after a strong finish to the year compensated for a slower start. A healthy level of pre-contracted recurring revenue (50%), incremental sales to existing customers and new customer wins at higher average order values helped deliver solid revenue growth in both the Digital Retail (+9%) and Enterprise (+12%) divisions. A decent order book and good sales momentum suggest that the company is on track to deliver on unchanged profit expectations for the current year. We continue to view the valuation (FY17 EV/EBITDA 8.6x) as undemanding given an attractive combination of accelerating growth potential, strong cash generation and growing dividends.
Small Cap Breakfast
28 Nov 16
Warpaint London—Schedule one update. Raising £2.5m at 97p. Expected mkt cap £62.6m vs revenues of £22.3m Walls & Futures REIT — Has raised £1m at £1 to acquire, refurbish or develop residential properties in the UK . Due to arrive on ISDX on 29 November Diversified Oil & Gas— Schedule One now out. $60m to be raised. Expected admission 6 December. Creo Medical Group —UK based medical device company focused on surgical endoscopy, a recent development in minimally invasive surgery. Admission due 7 December. Fundraising details TBA.
Long-term investment in Asian small caps
10 Nov 16
Scottish Oriental Smaller Companies Trust (SST) aims to generate long-term capital growth by investing in a portfolio of small-cap Asia ex-Japan equities. Vinay Agarwal is the interim lead fund manager while Wee-Li Hee is on maternity leave; he is assisted by Martin Lau, Scott McNab and the broader First State Stewart Asia team. Stocks are selected on a bottom-up basis, with a view to preserving capital on the downside as well as achieving capital growth. SST has significantly outperformed the peers and the MSCI AC Asia ex-Japan and MSCI AC Asia ex-Japan Small Cap indices over both five and 10 years.
Interims reveal value creation
28 Nov 16
In June Draper Esprit was listed on the LSE. Today its maiden interim results reveal substantial progress since IPO. In addition to strengthening the executive team with the appointment of Ben Wilkinson as CFO, Draper Esprit has created shareholder value through new investment and realisations.