Acacia Mining Share Discussion Threads

[market sniper3] 11/2/2016 09:07

classic chart with a bullish W spanning 3 months. the wider the span of the legs of the W the stronger a bullish signal it sends.Minimum duration one month required. and once again gold is back to be the flavour of the month as a safe heaven.

[kooba] 21/1/2016 07:29

Solid ...conservative forward production guidance but continued savings in capex and low all in cost guidance positive.With gold breaking above $1100....hoping for a better day.

[hectorp] 14/1/2016 12:25

Are they still part of the Barrick empire? Better opportunities elsewhere.

[nwb] 14/12/2015 11:00

Not much comment on this board, given the poor Q3 results and loss of COO. They must be loss making on AISC basis at the current gold price.

[ariane] 06/11/2015 00:00

Tuesday 08 November 2016
Save the date Third quarter and first nine months 2016 results (7.00 am)
Wednesday 03 August 2016
Save the date Second quarter and first half 2016 results (7.00 am)
Thursday 19 May 2016
Save the date Annual General Meeting Paris
Thursday 12 May 2016
Save the date First quarter 2016 results (7.00 am)
Wednesday 09 March 2016
Save the date Investor Day : Medium-Term Plan Strategic Ambition 2020
Wednesday 17 February 2016
Save the date Fourth quarter and full year 2015 results (7.00 am)

[edjge2] 08/10/2015 22:13

Recovered a fair bit from previous one, with gold up due some recovery but seem prone to dropsy. Divi is a bonus too.

[enami] 07/10/2015 20:18

Broker Views
.
Investec Retains Hold Target Reduced From 229 To 224
Citigroup Reiterates Buy
Deutsche Bank Reiterates Hold Target Reduced From 240 To 200
Jefferies Intl Reiterates Buy Target Reduced From 320 To 280
JP Morgan Caz Reiterates Overweight Target Reduced From 340 To 310

[sajad37] 07/10/2015 20:01

over done i think. solid company.

[edjge2] 07/10/2015 18:43

equiv 2 profit warnings, anybody here?

[callmebwana] 21/6/2015 17:58

edjge2.
Sometimes you have to pay a bit of a premium for good stock.Everyone to their own.
Put a limit order for 33/34P for a couple of weeks, see what happens. What have you got to loose.

ACA will rise when Grexit happens. Who knows for sure.

I don't think anyone would mind us talking O/T.No one seem to post much on here. Only Mike.
ATB. What ever you choose to do.
DYOR please.
C.M.B.

[edjge2] 20/6/2015 21:50

ACA looking a bit iffy but probs coming should boost Au.

[edjge2] 20/6/2015 21:49

Cmb, I'll ask on AMC before we get unpopular here, thanks intraday hit 32 already only could get that via limit trade.

[callmebwana] 20/6/2015 13:47

edjge2, Good afternoon to you.

The answer to your question is YES,YES,YES.It has a third and a forth booster rocket to fire yet.It is slightly over bought at the moment on the chart. Entry point 32/34P from my point of view.
I have been in this share for over 5 long years.I have well over 1 Mil. shares in it.It has been a long wait but I don't mind waiting a few more months.I will topslice at 55/65P.My Avrage is 10.2241P
Some very good news to come within the next few weeks.I would not wait too long to get in if I were you.
Read the forum on III website. Some very informative posters on there, Sasa, Beth3, Aberdeenman and many others.
Check the company website. A lot of information on there.
£1 a share or above is not unrealistic.
You don't have to take my word for it. DYOR as always.
If you have any questions re AMC ask me and I would try and answer them. This sort of company only comes once in a blue moon.
I mainly invest in AIM. The other one that will bear fruit in a couple of years is AVO.
Please DYOR.
ATB. Have a nice weekend.
C.M.B.

[edjge2] 16/6/2015 21:58

callmebwana yep thanks saw amc at 10 but did not buy ...oops! Wonder if it has athird stage to ignite in the rocket! Amazing!

[callmebwana] 13/6/2015 12:23

o/t
Hi Mike 740.
I mentioned AMUR here a few months ago.
Did anyone buy it? The price then was about 10P today it is trading at 37.25P.
Still pleanty in the tank left.
DYOR etc.
C.M.B.

[la forge] 24/5/2015 17:31

Tuesday 23 June 2015
Payment of the dividend
Thursday 28 May 2015
Ex-dividend date

[callmebwana] 16/5/2015 14:35

O/T.
AUE About to pop in a couple of weeks.
First gold pour at the end of this month.
DYOR etc.
Mike 740. It must get lonly here, not many posting.
ATB
C.M.B.

[mike740] 10/4/2015 15:24

S P Angels broker note today....

Company News
Acacia Mining (ACA LN) 276.6 pence, Mkt Cap £1,134m – Exploration agreements in Burkina Faso
 Acacia Mining (formerly African Barrick Gold) has concluded agreements to earn-in to two exploration projects in
the Hounde Gold Belt of Burkina Faso.
 An agreement with Australian listed Canyon Resources allows Acacia to earn up to a 75% interest in the 1105 sq
km Pinarello and Konkolikan projects for an initial payment of US$400,000 to earn a 51% interest and funding of
an agreed US$1.5m two-year exploration programme to increase its holding to 75%. Additional payments of US$
1m are payable on the delineation of a 1.5m oz resources and a further US$1m on a decision to mine.
 The second agreement, with Canadian listed Thor Explorations, gives Acacia the right to earn an initial 51%
interest in the Central Hounde project for $0.5m and by funding an agreed US$1m two-year exploration
programme. Acacia can earn an additional 29% interest by spending a further US$2m and completing a prefeasibility
study.
 Acacia plans to spend approximately US$5m (including $1m on the new project areas, on its Burkina Faso
projects in 2015, representing approximately 25% of the company’s total $20m exploration budget for 2015.
 These agreements add to Acacia Mining’s existing arrangements with Canadian listed Sarama Resources in the
Hounde Belt and give Acacia exposure to 2400 sq km of the Hounde Belt.

Conclusion: The Hounde Belt is emerging as a significant gold district with recent discoveries including Sarama
Resources’ 1.5m oz MM deposit Endeavour Mining’s 2.1m oz Vindaloo deposit, Roxgold’s 0.8m oz Zone 55 and
Semafo’s 0.8moz Siou discovery. Acacia Mining is ensuring that it has a strong ground position and active exploration
interest as the area develops.

[mike740] 02/4/2015 07:45

latest Broker Buys on ACA the gold miner............Looks way undervalued imo.

Acacia Mining Ord 10p broker views

Date Broker Recommendation Price Old target price New target price Notes
01 Apr Numis Buy 386.00 340.00 340.00 Reiterates
01 Apr JP Morgan Cazenove Overweight 386.00 350.00 360.00 Reiterates
23 Mar Barclays Capital Overweight 386.00 350.00 350.00 Retains
20 Mar RBC Capital Markets Outperform 386.00 410.00 410.00 Reiterates

[mike740] 01/4/2015 14:26

Analysts’ Ratings Reiterations for April, 1st (AAU, ACA, ADM, ADN, AERO, ANR, ARM, ARW, ASC, ASHM)
Posted by Logan Wallace on Apr 1st, 2015

Acacia Mining PLC (LON:ACA) had its buy rating reissued by analysts at Numis Securities Ltd. The firm currently has a GBX 340 ($5.06) target price on the stock

[mike740] 20/3/2015 15:38

ACA Acacia Mining PLC........looks way undervalued when you look at the fundies here. Look at the Nav for a kick off 272p. Then a deflated P/E of just 8.7 2016, historically 19 0r so. Derd cheap.

Acacia Mining PLC

FORECASTS

2015 2016
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Peel Hunt LLP
19-03-15 BUY 70.17 15.13 1.23 130.62 24.66 3.53
Edison
19-03-15 None 119.45 20.66 3.95
Davy Stockbrokers
18-03-15 None 22.03 2.92 38.66 3.05
GMP Securities
13-03-15 HOLD 14.81
Investec Securities
06-03-15 BUY 100.64 17.17 5.37 189.22 32.28 10.29
Numis Securities Ltd
02-03-15 BUY 92.92 15.60 2.60 168.95 28.59 3.90
Canaccord Genuity Ltd
18-02-15 BUY 16.94 3.91 19.54 6.51
Westhouse Securities [R]
27-10-14 ADD 72.38 17.72 5.30 87.98 21.46 6.43

2015 2016
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 96.90 16.30 3.35 162.50 28.47 4.35
1 Month Change -1.31 -0.44 -0.03 -17.84 -2.15 -1.05
3 Month Change 2.95 -1.70 0.26 -13.81 1.41 -0.62

GROWTH
2014 (A) 2015 (E) 2016 (E)

Norm. EPS -67.99% 22.29% 74.71%
DPS -76.03% 63.56% 29.99%

INVESTMENT RATIOS
2014 (A) 2015 (E) 2016 (E)

EBITDA £m £192.76m £256.66m
EBIT £m £110.45m £204.95m
Dividend Yield 0.82% 1.35% 1.76%
Dividend Cover 6.51x 4.87x 6.54x
PER 18.61x 15.22x 8.71x
PEG -0.27f 0.68f 0.12f
Net Asset Value PS p 336.60p 372.15p

[mike740] 20/3/2015 14:40

Acacia Mining PLC’s Buy Rating Reiterated at Canaccord Genuity (ACA)
Posted by Rick on Mar 17th, 2015 / Updated 19/March/2015

Canaccord Genuity restated their buy rating on shares of Acacia Mining PLC (LON:ACA) in a research note issued to investors on Monday. The firm currently has a GBX 350 ($5.16) price target on the stock.
Canaccord Genuity has also updated their ratings on a number of other stocks in the last week. The firm reiterated its sell rating on shares of Transocean LTD. Also, Canaccord Genuity reiterated its buy rating on shares of Rio Tinto plc. Finally, Canaccord Genuity reiterated its hold rating on shares of Randgold Resources Ltd..
Shares of Acacia Mining PLC (LON:ACA) opened at 236.10 on Monday. Acacia Mining PLC has a one year low of GBX 191.70 and a one year high of GBX 318.90. The stock has a 50-day moving average of GBX 269. and a 200-day moving average of GBX 243..
Several other analysts have also recently commented on the stock. Analysts at Sanlam Securities reiterated a buy rating and set a GBX 330 ($4.87) price target on shares of Acacia Mining PLC in a research note on Tuesday, February 17th. Analysts at Barclays reiterated an overweight rating and set a GBX 350 ($5.16) price target on shares of Acacia Mining PLC in a research note on Tuesday, February 17th. Analysts at Investec reiterated a buy rating and set a GBX 342 ($5.05) price target on shares of Acacia Mining PLC in a research note on Tuesday, February 17th. Finally, analysts at Numis Securities Ltd reiterated a buy rating and set a GBX 340 ($5.02) price target on shares of Acacia Mining PLC in a research note on Tuesday, February 17th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Acacia Mining PLC presently has an average rating of Buy and an average target price of GBX 326.82 ($4.82).
Acacia Mining Plc., formerly African Barrick Gold plc, is a United Kingdom-based company. The Company is a gold producer in Tanzania. Its operations include exploration and development to mine construction and operation. The Company has resources of approximately 29 million ounces of gold. The Company has three producing mines, all located in northwest Tanzania: Bulyanhulu, Buzwagi and North Mara, and several exploration projects at various stages of development in Tanzania and Kenya.