Acacia Mining Share Discussion Threads

[ariane] 08/11/2017 09:34

PARIS (Agefi-Dow Jones) - Crédit Agricole SA (ACA.FR) loses 4.8% to 14.02 euros after the publication of its third quarter results. CM-CIC believes that the results of the banking group are below expectations, including a "cyclical disappointment on market activities." The brokerage firm also notes that the group's CET1 solvency ratio was down "expected" by 40 basis points to 12%, mainly due to the acquisition of Pioneer. CM-CIC has a council "accumulate" on the value, with a target price of 17 euros. ([e-mail]) ed: VLV




(END) Dow Jones Newswires


November 08, 2017 03:32 ET (08:32 GMT)

[grupo guitarlumber] 08/11/2017 08:06

(CercleFinance.com) - Crédit Agricole SA publishes a net profit attributable to the underlying group (excluding specific items) of 966 million euros for the third quarter of 2017, down 5.2% of 0.31 euro.

At 4,564 million euros, the underlying net banking income (GNP) increased by 3.5% (-0.8% on a like-for-like basis), despite a particularly strong contribution from the market and investment bank. third quarter 2016.

At the end of September 2017, the solvency of Crédit Agricole SA shows an unphased CET1 ratio of 12%, down 40 basis points compared to June 30, but up 30 basis points proforma from the Pioneer Investments acquisition. .

[waldron] 07/11/2017 20:11

(Boursier.com) - The strengthening of Crédit Agricole's position in wealth management in Italy seems to be in the interest of investors. In a market that revolves around equilibrium, the title of the green bank climbs nearly 2% to 14.9 euros. Indosuez Wealth Management has signed an agreement with the main shareholders of Banca Leonardo, GBH, Exor, Eurazeo, Swilux and Torreal to acquire 67.67% of the capital of the transalpine bank. As of June 30, Banca Leonardo posted € 5.9 billion in assets under management. The exact financial terms of the transaction were not disclosed.

"(The transaction) is not expensive in terms of capital and it will allow the bank to strengthen its presence in Italy.Banca Leonardo is a prestigious name and Credit Agricole should be able to extract synergies from the agreement," says Jean- Pierre Lambert, analyst at Keefe, Bruyette & Woods,

[stevea171] 02/11/2017 13:21

Barrick Gold floated off 36% of its 100% holding into ACA in 2010. Why would anyone think, given this fact and given the ongoing dispute with the TG that Barrick would want any more of the company?

If anything ACA is a liability to Barrick and it would be better to get shot entirely ....

[parvez] 02/11/2017 08:10

QS99, agreed. This might have been a requirement of the TNZ government as part of the deal which can only be good news. The guys taking over the roles seem solid. Also wonder if this is a precursor to Barrick acquiring the rest of the shares they do not own?

[qs99] 02/11/2017 08:07

Reckon that is a "clear out" to make way for deal with TNZ?

[sarpanch] 28/10/2017 17:07

Like temmujin said, it's a good stock to trade in between 180 & 210.

[sarpanch] 28/10/2017 17:05

It is a bad deal however we don't have to cough up all the money upfront. It will be paid gradually. Acacia Mining (LN:ACA) will be permitted to make a US$300 million payment to Tanzania out of cash flows AFTER the country lifts a ban on its metal exports, according to parent company Barrick Gold (CN:ABX).

[augustusgloop] 26/10/2017 23:04

Within the last 14 months ACA has had 6 roughly 100p falls in less than a two day period -- that's not what I would call good prospects for a trading stock.

[sarpanch] 26/10/2017 21:58

It went to 200 but fall back down to 190. Good trading stock for next few weeks.

[sarpanch] 26/10/2017 09:35

Share price will go above 200 today

[redhill] 26/10/2017 07:46

First half of 2018 ? No rush then !

[temmujin] 23/10/2017 00:38

i bought in at 193...this looks like a good share to trade in the 180 t0 210 range but then again i could be wrong...guaranteed stop on this just in case the worse happens

[sarpanch] 22/10/2017 23:47

I think, this is a very poor deal for Acacia. Why the hell Barrick agreed to this deal? Due to the high uncertainty of Tanzania, some high profile mining companies are reducing exposure to SA as quickly as possible. "according to one market source, the value of its Geita mine in Tanzania – the largest producer of gold in AngloGold's entire portfolio – has been marked down to zero given the crisis in the East African country.""Regardless of Barrick's ultimate strategy in respect of its handling of the crisis in Tanzania, which has seen an export embargo on Acacia's gold-in-concentrate exports and the possibility that Acacia may see net cash whittled down to a mere $8m as of its year-end on December 31, the precedent it hands other miners in the country is dangerous."

[linton5] 20/10/2017 12:01

You've missed pfc glenkaz hurry you've got time

[glenkaz] 20/10/2017 11:17

Ffs another £1k down 🤡✌A039;

[glenkaz] 20/10/2017 11:01

Back in lol! 🤡✌A039;

[glenkaz] 20/10/2017 10:46

Sold out 215 took 3k loss after being £5k down since buy in yesterday was £8k up unbelievable! Will re enter to get loss back plus interest lol! Gla! 🤡👍

[patmike] 20/10/2017 10:11

No. It is not capitulation.
Centamin has a similar deal in Egypt and they are very profitable, even at these low gold prices

[stevea171] 20/10/2017 10:08

It's in line with Egypt (CEY) and S. Africa. TG expects the mining sector's contribution to the economy to increase from 5% atm to 10% with new agreements with miners.