Acacia Mining Share Discussion Threads

[jswjsw] 23/11/2018 08:41

Precisely.

All aboard the gravy train!

j

[casual47] 23/11/2018 08:31

The action by Mr. Odey is, as far as I can see, the only reason why the deal rumoured to happen in the summer was quickly shelved and imo is also the reason why the shareprice has boomed because investors are betting that thanks to Mr. Odey it will be impossible for Barrick to get ACA on the cheap.

[casual47] 23/11/2018 08:31

Correct. If only minority shareholders can vote on any deal then Barrick will have to cough up.

[jswjsw] 23/11/2018 08:29

I doubt Odey is ultimately going to block Barrick-Randgold.

On 7 Nov, the new CEO (Bristow) of Barrick-Randgold said:

"Barrick Group could buy out Acacia to help it address Acacia's difficulties in Tanzania.
One of the options that Barrick has is to roll up Acacia into Barrick itself, in other words issue Barrick's shares to the Acacia minorities, take it back within the company and consolidate it."

It has to do this at a considerable premium to the current share price

j

[casual47] 23/11/2018 08:16

See my question above. Crispin Odey launched a case with LSE authorities to make sure that Barrick could not force a decision on minority shareholders and argued that any deal in which Barrick was an actor would need to be voted on by all shareholders excluding Barrick.

So until this is resolved in Barrick's favour I can't see them arranging a deal unless they are sure the minority shareholders will vote it through.

[p winky] 23/11/2018 08:07

Any educated guesses as when barrick will make announcement?

[la forge] 19/11/2018 19:28

19/11/2018 | 10:55
UBS reiterates its 'buy' recommendation on Crédit Agricole while adjusting its price target from 14.8 to 14 euros, a target that however implies a growth potential of 29% for the title of the French bank.

'Profit before tax for the third quarter was 5% higher than the consensus, driven by a decrease in bad debt', notes the broker, which however lowers its estimates of EPS 2019-22 by about 3% of made of weaker markets.

[jswjsw] 19/11/2018 15:40

When Barrick gets ACA, the GoT deal will be replaced with the deal between the GoT and Barrick itself - to everyone's advantage. This is why we're going up...
Question is - how high?
j

[p winky] 19/11/2018 10:04

Break 180 please!

[zedder] 15/11/2018 14:34

A nice consistent rise for 2 months now. Let the trend be your friend.

[jswjsw] 09/11/2018 07:35

bqgi58s -

Well, there was this from the mining press a year ago (19 Oct 17):
"Barrick has struck a deal with the Tanzanian government to resolve a dispute, which has hit operations in the country, sending shares in its London-listed subsidiary Acacia Mining PLC (LON:ACA)surging.
Barrick agreed the African country would take a 16% stake in three gold mines operated by Acacia, a 50% share in revenues from the mines and a one-off payment of $300mln (£228m)."

This was a harsh deal, but it sent the ACA share price up to 214p overnight. Since then, Barrick has been actively involved in improving this deal. Certainly, the GoT won't want ACA coming under the ownership of any third party, who may be in a position to impose sanctions on Tanzania.

Therefore, I imagine your £2.50 looks about right. Minority shareholders selling their identical assets back to Barrick at a discount would discount Barrick's own NAV and thus its own sp! So they will have to offer NAV of 202p - at least.
j

[ariane] 08/11/2018 07:48

Societe Generale remains a buyer of Crédit Agricole, but reduced its target from 16.60 to 16 euros.

[bagi58s] 07/11/2018 14:23

Offer price £2.50??

[ukgeorge] 07/11/2018 11:31

Good point JSW and then they can just sell it to the chinese

[zedder] 07/11/2018 11:01

Keep this rise coming. Slow and steady.

[la forge] 07/11/2018 08:46

Credit Agricole 3Q Net Profit Surpassed Expectations -- Earnings Review
07/11/2018 8:27am
Dow Jones News

Credit Agricole Sa (EU:ACAP)
Intraday Stock Chart

Today : Wednesday 7 November 2018
Click Here for more Credit Agricole Sa Charts.

By Pietro Lombardi


Credit Agricole SA (ACA.FR) reported its third-quarter results on Wednesday. Here's what you need to know:



NET PROFIT: France's second-largest listed bank by assets reported a roughly 3.2% increase in net profit to 1.10 billion euros ($1.26 billion). This beat analysts' expectations of a slight decline, according to a consensus provided by FactSet. Analysts saw the bank's net profit for the period at EUR1.06 billion.



REVENUE: The French banking giant's revenue grew slightly less than expected. The 5% revenue increase to EUR4.80 billion compares with analysts' expectations of EUR4.84 billion, according to the consensus.



WHAT WE WATCHED:



REVENUE STREAMS: The results were supported by growing revenue across the bank's business units. The bank's insurance and asset-management business reported an almost 12% increase in revenue to EUR1.45 billion.



CAPITAL: The Paris-based lender's core Tier 1 ratio--a key measure of capital strength--rose to 11.5% in September, up from 11.4% in June. This is in line with Deutsche Bank analysts' expectations.



COSTS: Operating expenses grew about 3.3% on year to EUR3 billion, in part due to growing costs at the bank's international retail-banking division.



Write to Pietro Lombardi at [e-mail]



(END) Dow Jones Newswires

November 07, 2018 03:12 ET (08:12 GMT)

[the grumpy old men] 07/11/2018 07:41

Credit Agricole SA's (ACA.FR) net profit rose in the third quarter thanks to profit growth across most of its business divisions, it said Wednesday.

Net profit for the period rose 3.2% to 1.10 billion euros ($1.26 billion).

Excluding exceptional items, underlying net income rose 17% on year to EUR1.13 billion, its highest level of third-quarter underlying net income since the financial crisis, the bank said.

France's second-largest listed bank by assets reported a 5% increase in revenue, at EUR4.80 billion.

Analysts expected net profit of EUR1.06 billion on revenue of EUR4.84 billion, according to a consensus estimate provided by FactSet.

Revenue grew on year across its business units, while profit was up in most of them, apart from the specialized financial-services business, were it was roughly stable.

The Paris-based lender's core tier 1 ratio--a key measure of capital strength--rose to 11.5% in September, up from 11.4% in June.

The bank achieved "organic growth in all of its business lines," Chief Executive Philippe Brassac said.



Write to Pietro Lombardi at [e-mail]



(END) Dow Jones Newswires

November 07, 2018 01:21 ET (06:21 GMT)

[maywillow] 06/11/2018 16:41

7/11/18 | 07:00 Q3 2018 Publication of results

[grupo] 01/11/2018 11:56

Strong points

The current zone is a good entry point for investors interested in the issue in a medium / long term perspective. Indeed, the stock is evolving near the support of EUR 11.17 in weekly data.
The proximity of medium-term support of 11.14 EUR offers good timing for the purchase of the title.
The margins generated by the company are among the highest on the coast. The activity carried out by the company is particularly profitable.
The company is one of the most attractive in the market in terms of valuation based on multiple results.
Investors looking for returns may find in this action a major interest.
The progression of earnings per share revisions appears very positive in recent months. Analysts now expect better profitability than previously.
Analysts are positive on the title. The average consensus recommends buying or overweighting the value.
The gap between current prices and the average price target of the analysts covering the file is relatively large and implies a significant appreciation potential.


Weak points

The long-term technical configuration remains degraded below the resistance level in weekly data of EUR 12.99.