Acacia Mining Share Discussion Threads

[3rd eye] 22/7/2016 08:05

ACA Acacia strong results....... stock up 5% + and rising.

[dice1950] 01/7/2016 04:25

Acacia Mining A report by Deutsche Bank gave a target price of 470p.
1st July 2016

[3rd eye] 30/6/2016 12:45

Broker Forecast - Deutsche Bank issues a broker note on Acacia Mining Plc

BFN

Deutsche Bank today reaffirms its buy investment rating on Acacia Mining Plc (LON:ACA) and raised its price target to 470p (from 340p

[3rd eye] 30/6/2016 12:43

ACA Acacia 30 Jun 16 Credit Suisse Outperform 453.60 380.00 490.00 Reiterates

SP target 490p

[3rd eye] 27/6/2016 12:48

ACA Chart breakout....

[3rd eye] 27/6/2016 12:26

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.

[3rd eye] 27/6/2016 08:33

Moving up nicely again.

[sarkasm] 01/6/2016 20:59

JackSidders
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.

[edjge2] 25/5/2016 19:29

symetrical double top, 270 to arrive

[3rd eye] 18/5/2016 12:04

Lifted from Twitter.........

jim mellon ‏@jimmhk
GOLD narrower triangle, going to move big soon

[waldron] 15/5/2016 20:29

19/05/16 Assemblée générale

[montyhedge] 14/5/2016 20:30

Core Tier 1 goes up to 10.8% that's the main figure.

[waldron] 12/5/2016 08:19

Cré dit Agricole Profit Hurt by Stake Sale
12/05/2016 5:50am
Dow Jones News

Credit Agricole (EU:ACA)
Intraday Stock Chart

Today : Thursday 12 May 2016
Click Here for more Credit Agricole Charts.

PARIS—Cré dit Agricole SA said Thursday that its net profit plunged in the first quarter, hit by the planned sale of its 25% stake in the group's regional banks and debt restructuring.

The Paris-based lender, France's second-largest listed bank by assets, said net profit fell by 71% to €227 million ($259 million) in the three months to the end of March from €784 million a year ago. Revenue was down 13% at €3.8 billion.

The bank said it booked a €448 million charge to restructure part of its debt and help reduce future costs. Cré dit Agricole also discounted the contribution from the group's regional lenders in its first-quarter earnings .

Cré dit Agricole is 56%-owned by the group's regional cooperative lenders and in turn controls 25% of those banks. It warned earlier this year that the sale of the 25% stake back to these regional lenders would cut the bank's annual earnings by about €470 million.

Its earnings this quarter highlight the challenge faced by the French bank in continuing to provide stable returns to investors given its new revenue mix, particularly against a backdrop of persistently low interest rates and volatile markets.

Higher revenue at its insurance, asset management and specialized financial service units in the first quarter didn't make up for a weak investment banking business, which was dented by lower client demand and choppy markets.

Cré dit Agricole's insurance and asset management business reported a 10% increase in net profit to €379 million, while net profit for its specialized financial services business rose 89% to €129 million.

Net profit at its corporate and investment bank plunged 54% to €163 million from €334 million a year earlier.

Net profit for its international retail banking business, which includes Italy, Poland and Egypt, nearly doubled to €53 million from €27 million a year earlier.

However, Cré dit Agricole's own domestic retail arm, LCL, reported a 32% drop in net profit to €85 million, pressured by low interest rates despite a pickup in loan demand.

Excluding the impact of the stake sale and one-time items, Cré dit Agricole's net profit still fell by 9% to €394 million from €435 million a year earlier.

Despite its lower earnings, Cré dit Agricole's core tier-one ratio, which compares top-quality capital such as equity and retained earnings with risk-weighted assets, stood at 10.8%, up from 10.7% in December.

The bank's leverage ratio, which measures capital held by the bank against its total assets, was 4.4% compared with 4.6% at the end of December.

Write to Noemie Bisserbe at [e-mail]



(END) Dow Jones Newswires

May 12, 2016 01:35 ET (05:35 GMT)

[3rd eye] 05/5/2016 12:50

ACA Acacia mining.....

ACA Acacia Mining, liquid gold stock starting to perform again. Broker coverage is very solid for a miner.



Acacia Mining broker views

Date Broker Recommendation Price Old target price New target price Notes
05 May Barclays Capital Equal weight 315.75 205.00 340.00 Retains
25 Apr Numis Add 315.75 310.00 400.00 Downgrades
22 Apr JP Morgan Cazenove Overweight 315.75 290.00 310.00 Reiterates
22 Apr Jefferies International Buy 315.75 330.00 390.00 Reiterates
22 Apr Beaufort Securities Speculative Buy 315.75 - - Retains

[waldron] 25/4/2016 16:35

(ShareCast News) - HSBC added Lloyds to its 'Europe Super 10' list on Monday, as it removed Credit Agricole.
It said Lloyds, which it rates at 'buy' with an 80p price target, has an attractive and progressive dividend yield helped by the exceptional returns generated by the group on risk assets.

As far as payment protection insurance is concerned, HSBC said the imposition of time bars means the timescale over which future PPI claims can emerge is no longer open ended, which could help the risk profile of the banks and improve statutory profitability.

"Our expectation for domestic rates to finally start rising in November of this year should also help to alleviate downward pressure on margins," said HSBC.

It removed Credit Agricole from the list but retained its buy' rating, saying it was lacking near-term catalysts and Lloyds offers a more attractive investment story.

HSBC said that since its inception in January 2010, the 'Europe Super 10' portfolio has returned 58.7% versus a return of 28.8% for MSCI Europe. Year-to-date, the portfolio has returned -4.4% versus a return of +0.9% for MSCI Europe.

At 1538 BST, Lloyds shares were down 0.7% to 67.55p while Credit Agricole shares were down 2.8% to €9.81.

[thomasthetank1] 22/4/2016 13:32

Read share price Angel's note on ACACIA MINING, out this morning, by visiting hxxps://www.research-tree.com/company/GB00B61D2N63
"Acacia Mining reports a strong 1st quarter performance across its three Tanzanian gold operations. Production for the quarter increased 5% to 190,210 oz (2015 -181,660oz) while all-in-sustaining costs (AISC) fell 14% to US$959/oz (2015 - $1117/oz); the “best performance since 2010”. On a cash cost basis, costs of US$693/oz were 11% lower than the US$783/oz recorded in Q1 2015. Despite a 5% decline in the realised gold price to $1150/oz, 7% higher gold sales of 184,181 oz led to a 3% increase in revenue to $221m, while the improved costs drove a 24% increase in EBITDA to $66m and an 11% rise in operating cashflow to $52m. The company has recognised a $70m additional provision for tax, leading to a net loss of $52m; on an adjusted basis, however, Acacia Mining is reporting adjusted net earnings of $18.1m (Q! 2015 - $10.6m). Net cash improved by $19m during the quarter to $124m. Acacia Mining’s cost reduction strategy has continued to deliver strong cash generation - the improvement in underlying earnings has been masked by additional tax provisions announced in March ..."

[thomasthetank1] 21/4/2016 16:58

Read Panmure Gordon & Co's note on ACACIA MINING, out this morning, by visiting hxxps://www.research-tree.com/company/GB00B61D2N63
"Acacia Mining has today announced results for the three months to 31 March 2016 that demonstrated incremental improvements in both production and costs, albeit offset by an additional $70m in tax provisions resulting in a net loss of $52m for the period. We reinstate coverage with a..."

[3rd eye] 21/4/2016 14:37

Acacia Mining ascends to three-year high after solid first quarter
Thu 21 April 2016 09:12

(ShareCast News) - Acacia Mining reported better first-quarter gold production than forecast and a 24% rise in earnings before interest tax, depreciation and amortisation to $66m that almost hit targets thanks to an increase in revenue and lower cash costs.

Production reached 190,210oz at cash costs of $693 per oz, better than consensus forecasts for 179,000oz, at $734/oz.

All-in sustaining costs (AISC) were $959 per oz, lower than the consensus $1,020/oz.

This was the best cost performance since 2010, pointed out chief executive Brad Gordon.

Revenues of $221m, up 3% on the same period last year, were generated from sales of 184,000oz of gold, generating EBITDA that was only fractionally short of the consensus $66m forecast.

Net earnings per share of 4.4cents were up 69% year-on-year and ahead of 4.1c forecasts.

"All three operations performed ahead of expectations leading to a $19m increase in our net cash position, after making our first prepayment of corporate tax amounting to $10m," Gordon said.

Acacia, which changed its name from African Barrick Gold in 2014, increased net cash by $19m to $124m by the period end, including cash of $237m, after lower than expected capex of $36m.

A net loss of $52m was due to a $70m tax additional provision due to the ongoing tax disputes in Tanzania.

Gordon said the group's performance was not reflected in the headline net earnings given the tax provision taken following the recent adverse court ruling over the Bulyanhulu mine, but he noted that underlying adjusted earnings of $18m were 71% higher than Q1 2015.

As management made no comment on full-year guidance, analysts presumed it remained unchanged at production of 750,000-800,000oz, AISC of $950-980/oz and capex of $175-180m.

Investec said Acacia "looks to be heading towards the optimal end of these ranges. We are encouraged that the company is once again a net cash generator."

Canaccord said: "Operationally, as evidenced by the strong production result, the company has recovered from its weak Q3 2015 performance, particularly at the Bulyanhulu and Buzwagi mines. With the strong operating performance and EBITDA close to consensus, we expect the market to take this result positively."

Shares in Acacia were 4% higher at 332.4p by 0930 BST on Thursday, their highest level since early 2013.

[3rd eye] 21/4/2016 09:17

ACA Acacia Mining

Break out and an all time high, on back of a very solid update.

[ride the wave 1] 09/4/2016 22:45

Leg is getting re-rated and the fundamentals are rock solid . Transformational news is due this month so read through the rns and make your own mind up because it will multi bag imho

Watch this CEO interview from 3 weeks ago :-



Also if you look at the daily , weekly and monthly candlestick charts you will see that month on month it's only going one way and one way only . It's also in a golden cross 100dma above 200dma .

GLA

[edjge2] 07/4/2016 18:54

inverted H&S so 300* if copulates