Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on HUMMINGBIRD RESOURCES PLC. We currently have 52 research reports from 6 professional analysts.
|22Mar17 16:35||RNS||Holding(s) in Company|
|14Mar17 10:27||RNS||Block Listing Six Monthly Return|
|24Feb17 17:03||RNS||Holding(s) in Company|
|23Feb17 07:00||RNS||Appointment of General Manager for Yanfolila, Mali|
|14Feb17 07:00||RNS||Increases Taurus Debt Facility|
|06Feb17 10:30||RNS||Glenwick Heads of Terms to Acquire Cora Gold|
|02Feb17 07:00||RNS||Shareholder Agreement with the Government of Mali|
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Research reports on
HUMMINGBIRD RESOURCES PLC
HUMMINGBIRD RESOURCES PLC
The Momentum Continues - 2017 to be a Good Year
16 Mar 17
Welcome to IIR’s second “Blue Book” for Junior Resource Companies. This publication covers over 60 resource companies that were present at the 121 Group’s 2017 Cape Town Conference, held at Welgemeende in the Gardens district on February 6-7, 2016. The summaries in the book have been prepared with the assistance of the 121 Group based in London/ Hong Kong and Gavin Wendt from Minelife in Sydney, with the introduction being prepared by Mark Gordon and Gavin Wendt. The company information is accurate as at the time of the conference – and further information on the companies can be provided upon request.
23 Feb 17
The Dow Jones notched up its 9th consecutive all-time high last night, buoyed by Du Pont shares spiking on the news that it is likely to win conditional approval for its proposed US$130bn merger with Dow Chemicals. By comparison the S&P 500 and NASDAQ closed with fractional losses, as Fed Minutes appeared to keep the expectation of a hike at the next two-day FOMC meeting stating on 15th March alive, while slipping commodity prices also saw mining stocks under pressure. Asia was weaker across the board, although a range-bound the Nikkei recovered most of its early losses after the Yen weakened against the US$ following the BOJ's Kiuchi voicing concern over Trump's reflationary and growth programmes; the region's other principal bourses fell more convincingly albeit on relatively light volumes. London continued to be dominated by individual corporate stories, with stronger than expected earnings reports emerging from Lloyds Banking Group (LLOY.L), Barratt Developments (BDEV.L)and UBM (UBM.L) keeping the main indices pointing upward, while Unilever (ULVR.L) also spiked higher as its management responded to a view that it is 'not a case of if, but when' Heinz will return with a second merger proposal by increasing its guidance for margin growth and promising to capture value for shareholders more quickly. Traders also warmed to the second estimate of UK GDP from the ONS showing that growth advanced 0.7% sequentially in the fourth quarter, slightly faster than the 0.6% growth estimated on January 26th and higher than level achieved in the third quarter. Indeed, firm consumer sentiment, continuing low interest rates and a weak pound are now suggesting consensus expectations of just 1.4% for 2017 could now be slightly too low, although a beady eye is still being kept on the inflationary effects of higher input costs. Other than the CBI Distributive Trades Survey for February and CML Mortgage lending numbers, there is little significant macro news due from the UK today, although a large batch of US data, ranging from Initial Jobless, Housing Prices and the Chicago Fed National activity Index, will be accompanied by a speech from the Fed's Dennis Lockhart. A large number of UK corporates are due to release earnings or trading updates this morning, including Barclays (BARC.L), BAT (BATS.L), Centrica (CNA.L), Glencore (GLEN.L), Howdens (HWDN.L) and RSA Insurance (RSA.L). With most portfolio managers already having positioned themselves ahead of the President's next major announcement, which is expected to come with next Tuesday's State of the Union Address, London is seen opening quietly unless that emerges any significant surprises from scheduled corporate releases, leaving the FTSE-100 between flat and 5 points firmer in early trade.
14 Feb 17
"US equities further extended their gains on Monday. All principal indices once again chalked-up new record closings, following more modest gains in Asia and Europe, after having confidence boosted by recently strong earnings reports, rising commodity prices and, most importantly, hints of a proposal for a significantly more accommodating US corporate tax regime later this month from President Trump. The US$ also spiked higher as investors anticipated today's start of a two-day semi-annual testimony to the US Senate from Federal Reserve Chairwoman Janet Yellen, who is scheduled to speak at 15:00hrs GMT. Fed Funds futures suggest the markets are not expecting another rate increase to actually be delivered until June, but any hints or deviation from her commitment to gradually normalise monetary policy will be scrutinised by traders determined to ensure they are not caught by surprise. Meanwhile, the European Commission, which updates its projections three times every year, said that the 19-country Eurozone economy is expected to grow 1.6% this year, slightly higher than the 1.5% it forecast in November, despite uncertainties raised by Brexit and Trump's election. Somewhat spoiling the party first thing on Tuesday, however, has been news from Asia that January Consumer Prices in China grew at their fastest pace for over two years, driven by rising energy prices and Lunar New Year buying. This follows faster than expected Producer Prices, which hit 6.9% year-on-year when detailed last week, providing evidence of Beijing own efforts to stimulate credit and inject growth while remaining reluctant to burst obvious asset bubbles, such as real estate. This news sucked enthusiasm from the Asian equity session, leaving most bourses to close unchanged to fractionally down, although a sharp rise in the Yen:US$ surprised late afternoon traders enough to knock the Nikkei down more than 1% as the market ended. A good batch of UK macro data is due for release this morning, including January Retail, Consumer and Producer Price, along with the DCLG House Price Index. Eurozone Q4 GDP and December Industrial Production data is also due, while the US provides its own Consumer Prices and Industrial Production numbers. UK corporates expected to provide earnings or trading updates include Acacia Mining (ACA.L), Pendragon (PDG.L), Rolls-Royce (RR..L) and TUI AG (TUI.L). London is seen taking the hint from Far Eastern markets to give back some of yesterday's rise during this morning's early trading, with the FTSE-100 seen opening down 15 to 20 points." - Barry Gibb, Research Analyst
SP Angel – Morning View
14 Feb 17
Acacia Mining (ACA LN) –Record 2016 gold output drives a more than doubling of dividend | BlueRock Diamonds* (BRD LN) – First blast kimberlite ore being processed | DiamondCorp (DCP LN) Suspended – Placing delayed till 28 February as AMCU union messes around with agreement | Georgian Mining* (GEO LN) STRONG BUY – New drilling shows massive intersection of higher grade copper | Hummingbird Resources (HUM LN) – Taurus Funds US$25m bridging loan now fully drawn | Mariana Resources (MARL LN) – Drilling underway at Ergama in Turkey | Mkango Resources* (MKA LN) – China importing significant tonnages of Rare Earths as the nation moves to control market | Solgold* (SOLG LN) – Drilling results from Cascabel
02 Feb 17
"No surprises there then. The Labour front bench crumbled into disarray following last night's overwhelming vote in support of Article 50, with 13 shadow ministers coming out against and two resigning less than an hour before the ballot while, on the other side of the Atlantic, the Fed held rates unchanged but offered no hints regarding the timing of its next move. This left the Dow industrials and Nasdaq Composite to cling onto meagre gains supplied by a rally in Apple shares a day after the iPhone maker reported strong earnings. Being the largest US company by market cap means Apple enjoys a heavy weighting in the major US indices, offsetting more broadly-based weakness outside the tech sector yesterday despite US factory activity in January reportedly accelerating to its fastest pace in more than two years. The index rose to 56.0 in January, its highest since peaking at 57.5 in November 2014, against a Wall Street Journal poll suggesting consensus expectation of 55.0. Raw material prices, however, were also up rising for the 11th straight month, compounding other evidence that higher inflation is now in the system, with the sub-index spiking sharply to 69 in January, up from 65.5 a month earlier. Such fears may well become the focus of Janet Yellen's scheduled testimony before Congress on 14th and 15th February from which investors will be looking for a clear signal before the FOMC's next meeting on 14th and 15th March. Early enthusiasm from Asia this morning quickly dissipated, leaving all the region's principal bourses to close in the negative; with the Shanghai Composite still closed for the Lunar New year, markets were led down by the Nikkei as funds continued to deserted the US$ in favour of safe-haven Yen, with the Hang Seng and ASX also tumbling into the red as the session drew on. The Bank of England today is also due to make its own interest rate decision, which is due at 12:00hrs GMT along with its Quarterly Inflation Report, although this will be preceded by PMI Construction figures for January while the EU releases its Producer Price index for December. Data due from the US this afternoon includes Initial Jobless Claims and Unit Labour Costs. Following last night's vote, Theresa May is scheduled to publish the Brexit White Paper today, which will face more debate before it can become law. UK corporates due to release earnings or trading updates include AstraZeneca (AZN.L), Compass Group (CPG.L), Glencore (GLEN.L), Royal Dutch Shell (RDSA.L) and Vodafone (VOD.L). In a somewhat anticlimactic mood, London equities are expected to open quietly this morning edging slightly into the negative, with the FTSE-100 see down between 5 and 10 points in opening trade." - Barry Gibb, Research Analyst
27 Mar 17
Elecosoft* (ELCO): Steadily building profits (CORP) | Bioventix* (BVXP): Interim results lead to upgrades (CORP) | Hurricane Energy (HUR): Halifax discovery (BUY) | KBT Business Technology* (KBT): interims and contract win (CORP) | Independent Oil & Gas* (IOG): Licence updates (CORP)
GMP FirstEnergy ― UK Energy morning research package
27 Mar 17
Amerisur Resources (AMER LN)6; HOLD, £0.30: Reduced 2017e production outlook and year-end 2016 reserves | Condor Petroleum (CPI CN)8 ; BUY, C$3.50: Reports 4Q16 results and remains on track for first production from Turkey in mid-2017e | Hurricane Energy (HUR LN) (not covered): Halifax well update in the UK | Cairn Energy (CNE LN): BUY, £2.90: Update on the VR-1 well in Senegal by Far (FAR AU) (Not covered) | Royal Dutch Shell (RDSA/B LN) (not covered): Divestment of Gabonese assets
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.