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Acacia Min Share Discussion Threads
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|Wednesday 15 February 2017
Save the date Fourth quarter and full-year 2016 results|
|can someone explain what this is referring to.
EBITDA1 of US$125 million, US$104 million higher than Q3 2015, despite
share based valuation charges of US$20 million|
|Yep hidden gem I think. Glad I have someone to as company here!
PANR had a massive dip, quite likely this goes back to 800 after market clips back into gold positive mode.|
|Very quiet thread. Results look very positive.|
|THE CHART tells the story like PANR|
|EBA stress test: The Crédit Agricole Group confirms its resilience to the crisis
The Crédit Agricole Group has exceeded the regulatory minimum capital requirement (9% at end June 2012), with a Core Tier One ratio of 10.4%, and confirmed its ability to withstand sovereign risk.
The number was announced today by the Autorité de Contrôle Prudentiel after a stress testing exercise involving 71 Europe’s banks – including French banks – organised at the beginning of the year by the European Banking Authority (EBA).
Specifically, the Crédit Agricole Group, which was already the only French institution to satisfy the EBA criteria at end September 2011, has the strongest ratio of France’s Big Four banks, exceeding the regulatory minimum capital requirement by €6.7 billion.
Bear in mind that every time the EBA’s stress test results are announced, the Crédit Agricole Group has met the regulatory requirement. The entity formed by the Regional Banks and Crédit Agricole S.A. – the scope of reference for the EBA and banking supervisors in general – has shown it can withstand the shocks triggered by the crisis and still maintain a satisfactory level of capital. The ratio of 10.4% at end March 202 is higher than the 9.2% posted at 30 September 2011.
The results of the stress tests also reflect the Group’s ability to regularly strengthen its capital base while remaining the leading provider of finance to the French economy.|
|ACA Acacia strong results.......http://www.investegate.co.uk/acacia-mining-plc--aca-/prn/2016-interim-results/20160722070000P1B84/ stock up 5% + and rising.|
|Acacia Mining A report by Deutsche Bank gave a target price of 470p.
1st July 2016
|Broker Forecast - Deutsche Bank issues a broker note on Acacia Mining Plc
Deutsche Bank today reaffirms its buy investment rating on Acacia Mining Plc (LON:ACA) and raised its price target to 470p (from 340p|
|ACA Acacia 30 Jun 16 Credit Suisse Outperform 453.60 380.00 490.00 Reiterates
SP target 490p|
|ACA Chart breakout....|
|ACA Acacia Mining......
Share of the week: Love this gold digger
By Harriet Mann | Fri, 24th June 2016 - 17:39
After an extremely tight European referendum campaign, Britain's decision to leave Europe came as a major shock. Sterling crashed, the Prime Minister resigned and investors dumped risk assets. In typical fashion, the unease sent investors rushing for safe-havens like gold and miners to the top of the FTSE 350.
A plunge in the pound to its lowest level since 1985 and a quick-fire 550-point dive in the FTSE 100 also had investors hunting international earnings exposure, which included pharmaceutical groups NMC Health (NMC) and Mediclinic International (MDC). ARM Holdings (ARM), which makes the chips for iPhones, was also in demand. Miners were the other winners - and not just gold diggers!
"Mining, by its nature, is extremely international in terms of operational location and the markets for its products. Therefore, unless Brexit translates into a more general economic malaise, the sector is likely to be relatively insulated from any near-term impacts," reckons finnCap analyst Martin Potts. "Dollar revenues and to a large extent costs and earnings are normal for the sector."
In addition to US Treasuries & gilts and the Japanese yen, the surge in demand for gold left London bullion dealers short of retail-sized gold bars for immediate sale. As the markets recovered some of their losses during the day, gold eased off its intra-day high. This trend was matched by gold miners Randgold Resources (RRS), Acacia (ACA), Fresnillo (FRES) and Centamin (CEY).
Up 19% this week alone, Acacia Mining led the FTSE 350, followed by Evraz (EVR) and Fresnillo, which jumped 14% and 13% respectively. Randgold also made the top eight performers, with growth of 11%.
"[Gold] is seen as a safe haven and its liquidity means that it is straightforward to trade in large volumes," says Potts. "The new gold price appears to be well reflected in the price performance of the larger gold miners such as Randgold."
This isn't the first time the gold miners have bucked wider market trends this year, with investors flocking to "safe-haven" equities during market volatility sparked by China's economic health and during turbulent times ahead of the referendum.
Last month, Randgold reported a production miss in its opening quarter, although lower depreciation and taxes brought its earnings in line with expectations. Hard work strengthening its balance sheet has paid off too, with $253.8 million in the bank at the end of the three months. Although Numis analyst Jonathan Guy maintained his 'hold' recommendation, he increased its target price to £65. After this week's surge to £73.70 this represents 11% downside.
Acacia Mining reported its first quarter results back in April, when it showed improvements to both its production and cost-cutting. Unfortunately, an additional $70 million tax provision pulled losses down to $52 million for the period. At the time, Panmure Gordon had a 320p target price on the stock, 20% below its current 400p level. This may have changed since.
As you can see from the chart above, this week's gains have taken Acacia's share price to the top of its upward trading channel, attempting its third breakout in as many months. As nerves eased during Friday and panic buying weakened, the share price tracked back to the middle of its established channel. It looks like more will be needed to trigger a sustainable breakout here.|
|Moving up nicely again.|
June 1, 2016 — 11:46 AM CEST
Updated on June 1, 2016 — 1:49 PM CEST
Credit Agricole SA has chosen a Canary Wharf office building currently occupied by Morgan Stanley as its preferred option for a new London headquarters, according to two people with knowledge of the matter.
The French bank is negotiating a lease for about 150,000 square feet (14,000 square meters) at 25 Cabot Square with U.S. real estate firm Hines Global REIT Inc., which owns the building, the people said, asking not to be named because the information is private.
The deal hasn’t been finalized and Credit Agricole could revert to its other short-listed option of subleasing space from Citigroup Inc. at 25 Canada Square in Canary Wharf, the people said. Spokesmen for Credit Agricole, Hines, Morgan Stanley and Citigroup declined to comment.
Banks are seeking to cut costs by moving to cheaper locations and using buildings more efficiently, broker CBRE Group Inc. said in a report last week. Credit Agricole is currently based in the City of London district where rents for the best space are about 70 pounds ($101) per square foot, compared with 39 pounds per square foot in Canary Wharf, according to broker Knight Frank LLP.
Morgan Stanley sold 25 Cabot Square to Hines for 225 million pounds in 2014 with an agreement to lease back half the 450,000 square feet of space for 15 years and half for three years with an option to extend, according to two people with knowledge of the matter. The U.S. bank will remain in part of the building, the people said.
The building is part of a $5.5 billion portfolio of property currently being offered for sale by Hines Global REIT, a person with knowledge of the matter said in May.
Before it's here, it's on the Bloomberg Terminal.|