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Share Name Share Symbol Market Type Share ISIN Share Description
Acacia Mining 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
  -5.00p -2.44% 199.50p 199.30p 200.90p 206.50p 199.30p 205.90p 426,885 16:35:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 520.5 75.8 11.3 18.3 818.12

Acacia Mining Share Discussion Threads

Showing 7876 to 7896 of 7900 messages
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DateSubjectAuthorDiscuss
16/3/2019
06:37
PARIS (Agefi-Dow Jones) - Crédit Agricole announced Friday the sale of a 4.9% stake in the Saudi banking group Banque Saudi Fransi (BSF) to a consortium of investors led by the US investment firm Ripplewood for 1.86 billion Saudi Riyals, or about 440 million euros. With this sale, Crédit Agricole reduces its stake in the Saudi bank to 10% stake, the bank said in a statement. The French bank said it could sell an additional 6% stake in BSF to Ripplewood for 510 million euros under a warrant that could be exercised by the end of December 2019. Crédit Agricole has indicated that the possible sale of 10.9% of BSF's share capital in the context of these transactions would "have a positive impact of more than 15 basis points on Crédit Agricole SA's non-phased CET1 ratio and more than 10 basis points on that of the Crédit Agricole Group ". The French banking group, which has been present in Saudi Arabia since 1949 and has been associated with the BSF since its creation in 1977, has pointed out that the sale of BSF was "part of the continuation of its strategy of reducing the weight of its minority interests ". -JérômeBatteau, Agefi-DowJones; 01 41 27 47 93; jbatteau@agefi.fr Agefi-Dow Jones The financial newswire (END) Dow Jones Newswires March 15, 2019 22:09 ET (02:09 GMT)
maywillow
06/3/2019
06:37
We seem to have found a support level .
p winky
01/3/2019
10:21
Crédit Agricole: HSBC confirms its recommendation to purchase and its target price of EUR 14.
the grumpy old men
25/2/2019
07:42
Credit Agricole SA's (ACA.FR) asset-servicing subsidiary Caceis said Monday that it has agreed to pay 188 million euros ($213 million) for Netherlands-based KAS Bank NV (KA.AE). Kas Bank's management and supervisory boards unanimously support the offer, which is set to close in the third quarter, Caceis said. Both companies provide financial services to a customer base of professional investors such as asset managers and investment funds. Caceis said the transaction will both reinforce its position in the Netherlands, and enhance its ability to service pension funds and insurance companies. Write to Nathan Allen at nathan.allen@dowjones.com (END) Dow Jones Newswires February 25, 2019 02:19 ET (07:19 GMT)
la forge
22/2/2019
12:14
casual47 Might be something to do with the TZ government holding 16% of the new Company which can increase to 50% if they have a mind to.
redhill
21/2/2019
20:46
Why wouldn't Barrick hold on or indeed want all of it? They operate in far worse places. These are premium assets.
casual47
21/2/2019
20:20
Maybe chip but i think this will be a burden around them for quite a few years. It will be interesting to see how it pans out. Will Barrick want to hang on to it.
redhill
21/2/2019
11:05
Redhill, they have cash of US$130m (net cash of US$87.6m) and are owed c. US$100m by the Tanzanian government. So even if they cannot negotiate the US$300m lower (or litigate against it) they could cover the total with their cash, tax refund and 2019 FCF. And presumably they would resume concentrate production and sales - increasing forward FCF.
chipperfrd
21/2/2019
10:34
With guidance to resume to around 900k oz pa once they get back into normal production the $300m shouldn't be a major issue if they can spread it over a few years.
casual47
21/2/2019
10:12
The key change of the current proposal vs the one they floated initially is that the $300m would be paid not upfront but "to be paid over time on terms to be settled by the parties" (as per the Barrick press release). Of course, this is only the opening gambit and the terms may improve once ACA BOD reviews and especially once the minority shareholders give their vote on it, assuming it goes that far. I still foresee a shareprice between 300p and 500p as likely over the next 12-24 months. Nearer to 300p if Barrick decides to buy us out, nearer to 500p if ACA resumes normal operations and dividends. And, imo, these are now the only two possible outcomes here: Barrick buys us out or all issues get resolved and ACA resumes normal operation.
casual47
21/2/2019
09:44
So where are Acacia going to find $300 million ?
redhill
21/2/2019
08:38
Up more than 30% on the week. Not bad!
casual47
20/2/2019
16:21
Acacia Mining Parent Barrick Agrees Proposal With Tanzania Government. Alliance News20 February, 2019 | 2:40PMEmail Form LONDON (Alliance News) - Acacia Mining PLC said Wednesday that majority shareholder Barrick Gold Corp has tabled a proposal with the Tanzanian government over a resolution to the miner's problems in Tanzania. Shares in Acacia Mining were up 9.5% on the news at 246.44 pence each. Its majority parent Barrick Gold, which has a 64% stake in Acacia, has been engaging with the government on Acacia's behalf to try to resolve the dispute. The Toronto-listed gold miner announced Wednesday its has "arrived at a proposal" on commercial terms to resolve the dispute. Barrick will present the proposal to Acacia "in the near future". The proposal includes the creation of a local operating economy to manage Acacia's operations in the country. The framework also sets outs Acacia's economic benefits from its operations are to be split 50/50. The Tanzania government will receive its share in royalties, taxes and a 16% increase in its interest in Acacia's operations in Tanzania. Finally, the government of Tanzania is asking Acacia to pay USD300 million to resolve all outstanding tax claims. In October, three subsidiaries and one current and one former employee were charge under Tanzania's anti-money laundering laws, while a week before that another employee was also charged with corruption. Acacia has had more issues in Tanzania, getting a USD130,000 fine for breaching environmental rules after a "hazardous" seepage at the North Mara mine, though Acacia said it was unaware of a problem. Barrick has recently merged with former FTSE 100 member Randgold, and in November the Times reported the newly formed group could look to fully buy out Acacia. By Paul McGowan; paulmcgowan@alliancenews.com Copyright 2019 Alliance News Limited. All Rights Reserved.
phil2003
20/2/2019
15:59
The real gap is between 300 and 500p. Doesn't look quite as out of reach on a day like today....
casual47
20/2/2019
15:07
Hopefully gapping back up to the 280p level!
zedder
20/2/2019
11:07
Credit Agricole SA (ACA.FR) said Wednesday that it has invested in Thegreendata, a French startup focused on agriculture and technology, as part of its broader goal of helping develop tech companies in the agriculture sector in France. The French bank said that it participated in Thegreendata's first funding round. The startup, which uses algorithms and big data to develop tools, has raised 2 million euros ($2.3 million) in total, it said. The bank didn't disclose any further details of its investment. Write to Olivia Bugault at olivia.bugault@dowjones.com (END) Dow Jones Newswires February 20, 2019 05:10 ET (10:10 GMT)
maywillow
19/2/2019
07:46
CREDIT AGRICOLE SA : Unchanged ECB capital requirements for Crédit Agricole Group and Crédit Agricole S.A. 19/02/2019 7:15am GlobeNewswire Unchanged ECB capital requirements for Crédit Agricole Group and Crédit Agricole S.A. The European Central Bank (ECB) recently notified Crédit Agricole Group and Credit Agricole S.A. group their capital requirements , confirming the current additional requirements in respect of Pillar 2 (P2R) ie 1.5% for Crédit Agricole Group and for Crédit Agricole S.A. For Crédit Agricole Group, taking into account the combined regulatory buffers (conservation buffer, systemic buffer amounting to 1%, and countercyclical buffer reaching 3bps as at January 1st 2019 ), the CET1 level that would trigger the Maximum Distributable Amount mechanism would be 9.78%. This level should be compared to the current CET1 ratio amounting to 15% as at December 31st 2018. Crédit Agricole S.A., as the central body of Crédit Agricole Group, fully benefits from the solidarity mechanism as well as internal flexibility on capital circulation within the very strongly capitalised Crédit Agricole Group. No systemic buffer applies to Credit Agricole SA group, only conservation buffer and countercyclical buffer amounting to 5bps as at January 1st 2019. The CET1 level that would trigger the Maximum Distributable Amount mechanism would be 8.55%. This level should be compared to the current CET1 ratio amounting to 11.5% as at December 31st 2018.
the grumpy old men
18/2/2019
11:50
If there is a buyout then I think 300p+ should be feasible. If Acacia continues as is and solves the problems with the Tanzanian government then there's no reason this can't go 500p+ again longer term.
casual47
16/2/2019
22:17
This should go to £2.35 then down to £2.18(ish) then back upto £2.65. Couple that with gold production estimate beaten by 10% and strong gold prices.. I’m a recent holder from £1.82 who’s invested for 2030.
phil2003
16/2/2019
06:05
Any guesses where this price is heading, I think there was an earlier chartists saying 220 was where the target was, what's your thought casual
p winky
15/2/2019
22:25
Credit Agricole: UBS remains buyer with a target lowered from 14 to 13.10 EUR.
grupo
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