Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on RICHLAND RESOURCES LTD. We currently have 4 research reports from 2 professional analysts.
|30Jan17 07:00||RNS||Quarterly Operational and Sales Update|
|25Jan17 17:30||RNS||Holding(s) in Company|
|13Dec16 08:05||RNS||Directors' Dealings|
|13Dec16 08:00||RNS||Placing, Operational Update and Repayment of Loan|
|30Nov16 07:00||RNS||Sales and Marketing Update|
|23Nov16 07:00||RNS||Quarterly Operational and Sales Update|
|06Sep16 07:00||RNS||Interim Results|
Frequency of research reports
Research reports on
RICHLAND RESOURCES LTD
RICHLAND RESOURCES LTD
Small Cap Breakfast
30 Nov 16
Asia Pacific Investment Partner - The research-driven emerging and frontier markets real estate development business intends to float on AIM and conduct a placing in December RM Secured Direct Lending - The secured direct lending fund intends to float on the Main Market on 15 December raising up to £100m 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.
Junior Mining Sector: Rotten Apples or a Rotting Barrel?
07 May 15
There appears to be no end in the sight for the ‘love lost’ plaguing the resource community as the frustration between investors and corporates continues. Investors continue to be disenchanted with the macro commentary on commodities. It usually hails from the struggling resource fund manager pre-marketing announcing that we have hit the bottom in the sector; and yet prices and sentiment continue to slide. There are also queues of corporates lining up to tell investors that their shares are very cheap right now, great time to get in to realise all the upside. Again, shares continue to disappoint.
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.