Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on XTRACT RESOURCES PLC. We currently have 24 research reports from 2 professional analysts.
|24Feb17 14:59||RNS||Notice of GM|
|22Feb17 16:39||RNS||Admission and TVR|
|16Feb17 14:40||RNS||Placing, issue of equity and TVR|
|13Feb17 11:55||RNS||Manica alluvial gold collaboration agreement|
|09Feb17 14:25||RNS||Settlement with Auroch Exploration Pty Ltd|
|01Feb17 10:31||RNS||Total Voting Rights|
|06Jan17 11:44||RNS||Issue of Equity, Total Voting Rights|
Frequency of research reports
Research reports on
XTRACT RESOURCES PLC
XTRACT RESOURCES PLC
SP Angel – Morning View
17 Nov 16
Metminco* (MNC LN) – Raising A$4.85m to advance the Miraflores project | Rio Tinto (RIO LN) –– Contracts terminated for key staff following investigation of payments at Simandou | Shanta Gold (SHG LN) – Receipt of US$5.25m advance on silver streaming | SolGold* (SOLG LN) – Annual report | Vast Resources (VAST LN) – AGM Resolutions 7 and 8 voted down by shareholder dissent | Xtract Resources (XTR LN) –Manica review opts for open pit mining
21 Jul 16
Despite overnight markets rising again, Europe is more likely to see Brexit-related issues dominate early trading. The FTSE-100 is seen down around 20 points at the opening and ahead of the European Central Bank policy meeting that is due to take place later today. Still awaiting firm evidence of the impact of the UK's vote to leave the EU, the ECB is expected to keep its current €1.8tr stimulus measure unchanged despite President, Mario Draghi, having already suggested it has presented key risk that could knock as much as 0.5% off Eurozone economic growth over the next three years. Some economists, however, consider that any such a decision would be more a reflection of his lacking new options or ideas, rather than confidence that momentum is finally improving. A new caution that suggests clouds are gathering over the UK, comes from the Royal Institute of Chartered Surveyors who released a survey this morning indicating commercial property brokers are now bracing for a downturn in real estate values and rents. The US markets meanwhile continued their long positive run, basking in dollar strength the Dow Jones achieving yet another record close, with all other principal indices also rising as technology stocks reversed Tuesday's sell off to see the NASDAQ put in the strongest individual performance. Asia was also up across the Board, with the Nikkei claiming back twice Wednesday's losses as the Yen hit a six-week low against the US$, dragging Chinese and Australian stocks behind it. Other than the ECB rate decision, the UK is expected to release retail sales and public sector finances data, while Theresa May continues her European tour visiting the French President, Francois Hollande. The corporate calendar is also quite busy, anticipating results or trading statements fromBabcock, Britvic, Daily Mail and General Trust, easyJet, Howden, Premier Foods,SABMiller, SSE, Tate & Lyle and Unilever.
20 Feb 17
Hayward Tyler Group* (HAYT): Trading update and financial position (CORP) | Petra Diamonds (PDL): Interim results (BUY) | Gemfields* (GEM): Interim results (CORP) | Premaitha Health* (NIPT): Middle East momentum (CORP) | Sound Energy (SOU): Acquisition update and TE-8 well spud (HOLD) | Proactis* (PHD): Interim trading on track (CORP) | 7digital* (7DIG): Automotive contract win (CORP)
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
Opuama production restarts
21 Feb 17
Eland has confirmed the successful restart of exports from OML 40 through the new shipping alternative that it has implemented. Sales from the export terminal are expected imminently, re-establishing cash generation for Eland. Cash at YE16 was US$11.1m which has since reduced to US$5.9m, mainly reflecting initial operating expenses for the shipping alternative. While it is early days, Eland has demonstrated its ability to restart exports and production from OML 40 following the shut-down of the Forcados terminal a year ago. Production to date is averaging around 7kbd and we expect that to ramp up as Opuama operational performance improves. At US$55/bbl Brent, we estimate Eland is generating a net cash margin of around US$25/bbl. We reiterate our Buy recommendation and 95p per share Target Price.
Small Cap Breakfast
24 Feb 17
GBGI—Schedule One update from integrated provider of international benefits insurance. Raising £32m at 150p. Admission expected tomorrow. Anglo African Oil & Gas— Admission expected early March. Acquiring stake in producing near offshore field in the Republic of the Congo. 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.
Operating update and shareholder activism
15 Feb 17
December and January have seen the emergence of shareholder activism at Bowleven (BLVN), bringing its strategy and management into greater focus. Its largest shareholder (Crown Ocean Capital, COC) evolved from being a supportive shareholder to voting against a number of resolutions at the December AGM, to recently calling for the widespread removal of the board and a radically different company structure. Operationally, the company reports that a new development concept is under review by the stakeholders in Etinde, where production would be piped to existing gas processing facilities in Equatorial Guinea. Such a solution would (if approved) require significantly less capex and could be brought online relatively quickly vs other solutions (fertiliser, FLNG, gas to power). We leave our valuation largely unchanged, save for a revision to cash holding to reflect the recent operational update. Our new core NAV is 49p/share.