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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
  +0.00p +0.00% 182.30p 181.10p 184.10p 189.40p 180.00p 189.40p 329,427 16:35:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 520.5 75.8 11.3 16.1 748.00

Acacia Mining Share Discussion Threads

Showing 8001 to 8021 of 8025 messages
Chat Pages: 321  320  319  318  317  316  315  314  313  312  311  310  Older
DateSubjectAuthorDiscuss
19/6/2019
19:24
All ACA need to do is sit this out for as long as they can. If the BOD doesn't recommend the offer it will be a hostile bid so would need 90% approval. That could be a tough gig for Barrick. If they fail they are locked out for the rest of the year. Bristow needs to be careful to not go up so high on his pole that it would be embarrassing for him to climb down from it. There could be plenty of minority shareholder support for taking this into arbitration. Arbitration is a lengthy process but doesn't have to be - the parties involved can settle at any time and put a stop to it. That seems like the more likely scenario. Once the GoT's bluff is called they may prefer to make friends with reality.
casual47
19/6/2019
14:49
This whole story is just getting so weird now. Mark Bristow (CEO of Barrick) is behaving like a dodgy Russian oligarch, not like the head of a huge multinational gold miner. IMO, it is time for the London Stock Exchange and the regulators to get involved.
bookwormrobert
19/6/2019
11:14
Note that Barrick's offer is contingent on BOD backing. It would be very odd for the BOD to back an offer for which the valuation is based on Barrick's evaluation of the state of the company as presented in yesterday RNS. It would be basically something like this: "We wholeheartedly recommend this offer which is based on the fact that we have been grossly overstating the potential and value of our assets contrary to our fiduciary duties as directors."
casual47
19/6/2019
11:02
"However, nothing in the Article should be considered to be a no increase statement for the purposes of Rule 32.2 of the Code." All I can say to that is "lol" "We will not increase the offer(*) (*)this is not a statement that we will not increase the offer" Maybe the Barrick legal team should consider comedy stand-up... ============ 32.2 NO INCREASE STATEMENTS (a) A “no increase statement” is a statement as to the finality of an offer, including a statement that the offer will not be “increasedR21;, “raised”, “amended”;, “revised”;, “improved̶1; or “changed”; and any similar expression. (b) If an offeror (or its directors, officials or advisers) makes a no increase statement, and that statement is not withdrawn immediately if incorrect, the offeror will not be allowed subsequently to amend the terms of its offer in any way, even if the amendment would not result in an increase of the value of the offer (eg the introduction of a lower securities exchange alternative), except: (i) where it specifically reserved the right to do so in certain circumstances at the time the no increase statement was made and those circumstances subsequently arise; or (ii) in wholly exceptional circumstances. (c) If an offeror wishes to include a reservation to a no increase statement, the Panel must be consulted. See also Rule 35.1(f) and Note 1(a)(i) on Rules 35.1 and 35.2.
casual47
18/6/2019
16:47
So, more chats to be had with the likes of Aberdeen, Fidelity and perhaps even Odey, it is.
casual47
17/6/2019
19:27
If Barrick submit an offer that is not substantially improved tomorrow then it looks like it will be hostile as I can't see the BOD agreeing to it and I also can't see them getting 90% support for it so we could by default end up in arbitration. Should be interesting tomorrow. Tick tock. Perhaps they will pull the offer and have some chats with the likes of Aberdeen, Fidelity and perhaps even Odey.
casual47
17/6/2019
09:06
Fraction more for Odey 7,987,677 1.95%
casual47
14/6/2019
09:55
Odey added a fraction more 7,974,860 1.94
casual47
14/6/2019
09:26
Odey pushing for a higher offer price.
redhill
12/6/2019
17:16
The possible offer currently worth 1.65p with ABX at 18.22 and an exchange rate of 1.687.
zedder
12/6/2019
10:16
KBW lowers its outperformance recommendation TO MARKET PERFORM and its price target from 13.90 to 12.10 EUR.
the grumpy old men
11/6/2019
13:42
Odey is increasing their holding, by another £2m worth, just shy of 1.3m shares: 7,936,450 1.94% This is meaningful not just because it's a real "put your money where your mouth is" vote of confidence in the company but also because they are activist shareholders who have shown willing to take on Barrick.
casual47
10/6/2019
06:02
Credit Agricole plans €15bn investment in IT improvements By Verdict Staff June 7, 2019 French banking group Credit Agricole has earmarked an investment of €15bn for its IT upgrades in the next four years. The bank targets €300m in IT efficiency and aims to have a data-centric architecture in 2022 at 90% of the group entities. Plans are also on to test all emerging technologies for various business lines. To make its staff well-equipped to manage these technologies, the bank intends to train all its employees at the new IT University. The bank has set its profit target at more than €5bn by 2022. It aims revenue synergies of €10bn in 2022, driven by insurance and specialised financial services. Commenting on its strategy, Credit Agricole said: “Within this new long-term framework, the 2022 strategic plan is a roadmap for profitable growth for Crédit Agricole. “It builds upon the previous Medium-Term Plan, Strategic Ambitions 2020, which delivered almost all of its financial results a year ahead of schedule. “It seeks to amplify and accelerate the Group’s growth in an uncertain environment, and in a context of growing societal expectations.” At the same time, the bank outlined its focus on green financing. The bank said that it will “commit all the Group’s entities to a common climate strategy, in line with the Paris Agreement”.
grupo
07/6/2019
13:12
07/06/2019 | 1:27 p.m. Oddo BHF has confirmed its purchase recommendation and its target price of 15.5 euros on Crédit Agricole after the presentation of the strategic plan. The consulting firm explains that CASA is one of the few banks offering improved breakeven, excess capital generation and low valuation.
grupo guitarlumber
06/6/2019
08:38
Crispin Odey holding 6,636,715 shares, 1.62%
casual47
06/6/2019
07:02
Credit Agricole SA (ACA.FR) presented Thursday its new mid-term plan through 2022, that includes measures to simplify the group's capital structure and targets a profit growth of more than 3% a year through 2022. France's second largest listed bank by assets sees its return on tangible equity--a key measure of profitability--above 11%, with net profit growing by more than 3% a year to above 5 billion euros ($5.63 billion) at the end of the plan. The bank also targets a cost-income ratio below 60% and core tier 1--a key measure of capital strength for lenders--of 11%. Credit Agricole will also push forward with the simplification of its capital structure by partially unwinding the switch guarantee granted by the regional banks of the group to Credit Agricole SA. This will have a positive impact on earnings per share. The group pledged to invest EUR15 billion in technological transformation. Credit Agricole achieved ahead of time most of the targets in the medium-term plan presented in 2016, which set financial targets until 2019. Write to Pietro Lombardi at pietro.lombardi@dowjones.com (END) Dow Jones Newswires June 06, 2019 01:40 ET (05:40 GMT)
waldron
04/6/2019
20:28
That would be an escalation with grave and unpredictable consequences for all parties involved. It certainly won't help the investment climate in Tanzania and the fallout of this could last many years. I can't see Barrick wanting to enter into that kind of brinkmanship because the outcomes may not be in their control and could easily backfire. A deal would be so much easier and, imo, more profitable for both GoT and Barrick.
casual47
04/6/2019
19:50
Acacia may win but if the TZ government won't allow them to operate in Tanzania then i'm not sure where they go from there.
redhill
04/6/2019
19:14
It's a risk but I think an unlikely risk. Barrick will risk losing everything if that happens, a huge amount considering their stake, and they can't bank on the government doing a backroom deal with them and cutting out Acacia because for sure it will go to the ICA and the facts of the matter are such that Acacia would win it, imo A deal will be done. The opening gambit was Barrick's offer but it won't end there, imo. Happy to be holding and perhaps adding more in the summer. Only punt-size stakes of course. No need to go mad.
casual47
04/6/2019
18:45
$190 billion is the fine not $300 million Barrick have agreed. Reject the offer and i believe TZ government will revoke all their mining licences for not paying the original fine. They can only operate if the government let them.
redhill
04/6/2019
16:24
I agree with Fidelity. (Though am more bullish on buyout price: should be more than double what Barrick offered) hTTp://www.mining.com/web/rejection-barrick-bid-no-brainer-top-acacia-investor-says/ If Acacia sits on its hands and doesn't blink, keeps the support of large minority holders like Fidelity and keeps as fallback position international arbitration then it seems to me they stand a good chance of seeing £4+/share at the other end of this. They will even have accrued enough cash in that time to settle the $300m by themselves if needs be, imo.
casual47
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