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ACA Acacia Mining Plc

234.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Acacia Mining Plc LSE:ACA London Ordinary Share GB00B61D2N63 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 234.00 234.60 235.40 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Acacia Mining Share Discussion Threads

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DateSubjectAuthorDiscuss
21/3/2016
15:59
Shutterstock photo

(RTTNews.com) - French lender Credit Agricole Group (CRARF, CDA.L, ACA), comprising Crédit Agricole S.A. and Regional Banks, Wednesday presented Strategic Ambition 2020, its medium term strategic plan for 2016- 2019.

For fiscal 2019, the company expects net income group share to be more than 7.2 billion euros for the group and more than 4.2 billion euros for Credit Agricole S.A.

Revenue growth for 2019 is expected to be more than 1.5 percent for the group and more than 2.5 percent for Credit Agricole S.A.

In Paris, Credit Agricole shares were gaining 1.46 percent to trade at 9.95 euros.

For comments and feedback: contact editorial@rttnews.com



Read more:

grupo
13/3/2016
16:26
I'm everywhere. Lol
montyhedge
11/3/2016
09:54
Business | Wed Mar 9, 2016 10:14am GMT
Related: Regulatory News
UPDATE 2-Credit Agricole to cut retail, investment bank costs to drive income

* Targets 4.2 bln eur in 2019 vs 3.5 bln in 2015

* C. Agricole aims at 900 mln eur in cost savings

* C. Agricole targets synergies, asset-light operations (Adds analyst comment, share price reaction)
ADVERTISING

By Maya Nikolaeva and Julien Ponthus

PARIS, March 9 Credit Agricole plans to increase net income by around 20 percent within three years, largely through cost cutting, as it seeks to keep investors on board during a complex restructuring.

The French bank said on Wednesday that it will reduce costs and increase cross-selling in its retail, asset management and insurance businesses, as it returns to its roots in France and Italy after losing billions in international forays.

Philippe Brassac, who was appointed chief executive of Credit Agricole's listed bank in May, announced a major structural overhaul this year aimed at overcoming internal divisions and reassuring investors of its capital strength.

Credit Agricole said that a backdrop of very low interest rates and tougher rules on risk-taking meant most of the income gains, including a target of 4.2 billion euros in net profit by 2019, will come from cost savings rather than revenue growth.

It declined to comment on any cuts in staff numbers.

"We want regular revenues instead of maximising them every time," Brassac told investors in London.

Credit Agricole's results and forecasts drove a 2 percent share price rise by 0847 GMT, with the French lender outpacing a 0.8 percent gain on the European banks index.

"Targets overall are in line with the new operating and regulatory environment," said Gildas Surry, a senior analyst and partner at Axiom Alternative Investments.

The bank did not rule out acquisitions by its asset manager, Amundi, but said it may further streamline its presence in non-core countries such as Egypt, Saudi Arabia, Morocco and Ukraine, if there were opportunities.

Credit Agricole is aiming for 900 million euros ($988 million) in annual cost savings by 2019 by simplifying its corporate structure, which has numerous legal entities, and reducing IT costs.

However, its cost base will still increase by 200 million euros over 2015 to 10.9 billion euros in 2019.

Credit Agricole said it aimed to grow revenue by 2.5 percent by 2019, driven by insurance and asset management, and plans to reduce capital-intensive corporate and investment banking.

This is expected to offset Credit Agricole's loss of French retail banking revenue, following the sale of its stake in regional banks, and deliver a return on tangible equity above the 2015 level of 10 percent by 2019. ($1 = 0.9109 euros) (Editing by James Regan and Alexander Smith)

waldron
11/3/2016
09:46
CHUCKLE

SO THIS IS WHERE YOURE HIDING TODAY

TAKE CARE

waldron
11/3/2016
07:47
Superb, trying to buy their Coco bonds yield around 8.5%.
montyhedge
25/2/2016
21:46
Looks like inverted H&S after triple bottom. 300p by Deutsche may have simple explanation above.
edjge2
24/2/2016
15:06
Acacia Mining PLC 27.9% Potential Upside Indicated by Deutsche Bank
Posted by: Katherine Hargreaves 24th February 2016

Acacia Mining PLC with EPIC/TICKER LON:ACA had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ this morning by analysts at Deutsche Bank. Acacia Mining PLC are listed in the Basic Materials sector within UK Main Market. Deutsche Bank have set a target price of 300 GBX on its stock. This now indicates the analyst believes there is a possible upside of 27.9% from today’s opening price of 234.6 GBX. Over the last 30 and 90 trading days the company share price has increased 57.6 points and increased 63.6 points respectively.

Acacia Mining PLC LON:ACA has a 50 day moving average of 201.51 GBX and a 200 day moving average of 234.34 GBX. The 52 week high for the share price is currently at 317.3 GBX while the 52 week low is 154 GBX. There are currently 281,587,936 shares in issue with the average daily volume traded being 1,013,400. Market capitalisation for LON:ACA is £1,014,536,042 GBP.

Acacia Mining PLC formerly African Barrick Gold plc, is a United Kingdom-based company. The Company is a gold producer in Tanzania. The Company’s operations include exploration and development to mine construction and operation. It has reserves and resources of approximately 30 million ounces of gold. North Mara is a combined open pit and underground operation from two deposits, Gokona (underground) and Nyabirama (open pit).

3rd eye
24/2/2016
10:19
UPGRADE..
Acacia Mining Plc ACA Deutsche Bank Buy 246.00 237.40 290.00 300.00 Reiterates

SP Target 300p

3rd eye
17/2/2016
16:55
Company Name
EPIC
Broker
Recomm.
Current Price
Price when issued
Old target price
New target price
Notes

Acacia Mining Plc ACA Numis Buy 224.35 225.10 260.00 310.00 Retains
Acacia Mining Plc ACA Beaufort Securities Speculative Buy 224.35 225.10 - - Reiterates
Acacia Mining Plc ACA Deutsche Bank Buy 224.35 225.10 280.00 290.00 Reiterates
Acacia Mining Plc ACA Jefferies International Buy 224.35 225.10 280.00 280.00 Reiterates
Acacia Mining Plc ACA JP Morgan Cazenove Overweight 224.35 225.10 300.00 300.00 Reiterates

3rd eye
17/2/2016
09:42
PARIS--Crédit Agricole SA said it will sell back the 25% stake it holds in the group's regional lenders in a move aimed at easing concerns about its capital strength but that could also dent its earnings prospects.

Crédit Agricole said its regional lenders will pay around EUR18 billion ($20 billion) to buy back their shares.

The Paris-based lender, France's second-largest listed bank by assets, announced the restructuring plan Wednesday as it reported a 28% jump in fourth-quarter net profit to EUR882 million in the three months to the end of December. Revenue was up 11% at EUR4.29 billion, lifted by a pickup in loan demand.

The move to revise its structure highlights the pressure on European banks to fortify their balance sheets and improve transparency to woo investors, amid volatile markets and demands from regulators.

European banking shares have suffered sharp losses since the beginning of the year amid concerns that global central banks struggling to boost growth will worsen an already tough environment for lenders.

Crédit Agricole's shares were up almost 6% following Wednesday's announcement.

"The current environment is such that we can no longer afford to have investors believe, rightly or wrongly, that the group is weak on capital, " Chief Executive Philippe Brassac told reporters. "This allows us to address the issue on capital once and for all," he said.

The French bank had been working for months on a plan to revise its corporate structure--which has for a long time weighed on its valuation--and to ease tensions within the bank. Crédit Agricole is 56%-owned by the group's regional retail banks. In turn it controls 25% of these lenders--a structure analysts say is too complex.

The transaction will have a positive impact on the bank's capital buffers. Crédit Agricole's core tier-one ratio, which compares top-quality capital such as equity and retained earnings with risk-weighted assets, would reach over 11%, well above the 9.5% threshold set by regulators, up from 10.7% in December.

The deal will be financed in part by a 10-year loan of EUR11 billion at a 2.15% interest rate by Crédit Agricole to its regional lenders and should be completed this summer, the bank said. Crédit Agricole will also pay back EUR5 billion in cash deposits to the regional lenders to unwind an intragroup guarantee mechanism.

The proposed transaction could, however, impact the bank's earnings growth going forward.

Crédit Agricole's domestic retail lenders contributed EUR236 million to net profit in the fourth quarter, up 14% from a year ago, while the group's corporate and investment bank posted a 78% drop in net profit to EUR50 million.

Mr. Brassac said that the corporate and investment bank's earnings this quarter were in part dented by a one-off loss on a real estate portfolio in Italy, and its risk profile remained low. He said the group had no plans to trim its investment bank further.

Crédit Agricole's large insurance and savings management business, which posted a 17% increase in net profit to EUR462 million this quarter, should also help support growth.

Mr. Brassac said Crédit Agricole will target a return on tangible equity--a measure of profitability--of more than 10% over coming years. The bank previously targeted a return on tangible equity of 12% in 2016.

The bank will detail its medium-term strategic plan at a presentation to investors on March 9.

It proposed a dividend of EUR0.60 a share on 2015 earnings, compared with EUR0.30 last year.

Write to Noemie Bisserbe at noemie.bisserbe@wsj.com



(END) Dow Jones Newswires

February 17, 2016 03:35 ET (08:35 GMT)

waldron
16/2/2016
15:54
Good trade, edjge2.......well done.
3rd eye
15/2/2016
13:28
Got some at -9%, better late than never?
edjge2
15/2/2016
12:42
Well they certainly beat consensous EBITBA, so wouldnt worry so much.

Think ill Have a few bob more extra over the coming days, obviously cost cutting on target and new mine out performing.

Just the market in general.

Im holding very tight.

market sniper3
15/2/2016
12:15
pullback looks a bit OTT? Pretty obvious triple bottom earlier. Wonders of hindsight.
Did not like 2 profit warnings. Then boom!
Hopefully sorting themselves in Au bull.

edjge2
12/2/2016
09:11
Broker Views on ACA Acacia.

Date Broker Rec. Price Old target price New target price Notes
29 Jan 16 Credit Suisse Outperform 246.60 265.00 265.00 Reiterates
25 Jan 16 Nomura Neutral 246.60 225.00 225.00 Reiterates
22 Jan 16 Numis Buy 246.60 - 260.00 Reiterates
22 Jan 16 Investec Hold 246.60 170.00 168.00 Retains
22 Jan 16 Beaufort Securities Speculative Buy 246.60 - - Reiterates
22 Jan 16 Jefferies International Buy 246.60 280.00 280.00 Reiterates
22 Jan 16 Deutsche Bank Buy 246.60 250.00 280.00 Reiterates
21 Jan 16 Panmure Gordon Under Review 246.60 - - Under Review
21 Jan 16 Canaccord Genuity Buy 246.60 300.00 300.00 Reiterates

market sniper3
11/2/2016
22:59
BROKER Paradigm Capital


Gold Price – Safe-Haven Reputation Rebuilding & USD Rolling Over | These
two factors are working in gold’s favour, the latter because expectations are
growing that the Fed will delay rate increases. The former is a constructive sign
that a bottom has been put in place for the cycle; this, along with encouraging
technical/chart action, is helping draw a wider buying audience than we have seen
for several months.

Deflation – Increasingly a Consideration | The number of signals that the global
economies are descending into a deflationary environment continues to grow. We
have analyzed gold’s historical performance in deflationary circumstances. Like a
currency, gold retained its buying power better than other asset classes, which
suffered value deflation.

Learning From Past Cycles | In 2015, the seasonal rally peaked in late February,
and in 2014 it ended in mid-March. It is too early to say that this rally is part of a
“new paradigm”. Past cycle recoveries have generally started haltingly. Recall that
gold anticipates the dollar by 3–5 months and gold stocks anticipate the metal by
a similar amount, so we must think at least a half year ahead. Given how quickly
conditions have changed since December (ask the Fed), it’s hard to imagine what
the global economy and markets will look like by mid-2016.

Gold Miners – A Better Business Model | While they still have much to do to
convince generalist investors that their business model is worthy of investment,
gold miners should show a meaningful improvement in margins this year. The
current $1,189/oz metal price compares to the $1,109/oz it averaged in Q4/15 and
the $1,160/oz it averaged in 2015. Major producer exchange rates are 10–20%
lower than a year ago, while the oil price is more than 40% lower

Senior share prices are 38% higher than at the start of the year, while the
Intermediate, Junior and Royalty tiers are up 14%, 24% and 7%, respectively.
Impressive as these might seem, they still leave the median Intermediate-tier producer
at only 27% of its high price since 2010. The Intermediates are the most functional tier
for investment purposes, in our opinion, particularly for generalists.

market sniper3
11/2/2016
13:26
260p here first target then 300p plus. IN QUICK TIME.
market sniper3
11/2/2016
11:45
Interesting post from twitter by fund manager............

Bullion dealers have large shortage of physical. Gold move is being driven by real demand here. Wealth protection.

market sniper3
11/2/2016
10:26
GOLD whooshing up...........

Buy Buy Buy

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.
market sniper3
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