Acacia Mining Share Discussion Threads

[grupo guitarlumber] 26/2/2023 10:17

10 May
First quarter results 2023
Quiet period - Equity only: 19 April 2023

[waldron] 20/2/2023 08:12

HITTING RESISTANCE AGAIN,CAN IT BREAK THRU CONVINCINGLY THIS TIME ROUND

[ariane] 13/2/2023 09:28

Financial calendar

10 May
First quarter results 2023
Quiet period - Equity only: 19 April 2023

17 May
2023 General Meeting Paris


04 Aug
Second quarter and first half 2023 results
Quiet period - Equity only: 14 July 2023

[ariane] 13/2/2023 09:22

Crédit Agricole: Berenberg maintains a hold rating with a price target raised from EUR 11 to EUR 12.

[gibbs1] 09/2/2023 08:38

(MT Newswires) -- Crédit Agricole (ACA.PA) said Thursday that net income for the full-year 2022 despite growth in revenue.

Net income group share for the year ended Dec. 31, 2022, was 5.44 billion euros, compared with 5.84 billion euros a year ago. EPS slipped to 1.68 euros from 1.84 euros.

The French international banking group's revenue was recorded at 23.80 billion euros, up from 22.66 billion euros in 2021.

Analysts polled by Visible Alpha were expecting 4.38 billion euros in net income or 1.59 euros per share, while revenue was estimated at 23.46 billion euros.

The board declared an unchanged per-share dividend of 1.05 euros.

At close of trading Wednesday, the stock was up nearly 1%.

[grupo guitarlumber] 08/2/2023 22:31

Heres hoping fo a Resistence break thru



Consensus


Mean consensus HOLD


Number of Analysts 20

Last Close Price 11,22 €

Average target price 11,44 €
Spread / Average Target 2,04%

[grupo guitarlumber] 08/2/2023 22:26

Upcoming events on CRÉDIT AGRICOLE S.A.

FEB/09/2023 FY 2022 Earnings Release

[waldron] 04/2/2023 15:31

CRÉDIT AGRICOLE S.A. (ACA)


Real-time Euronext Paris - 16:35:22 03/02/2023 GMT


11.26 EUR +0.64%

[waldron] 04/2/2023 13:50

French Bourse Close Higher Friday as Private Sector Activity Remains Stable
02/03/2023 | 05:59pm GMT


(MT Newswires) -- Recovering from losses in the morning, French shares ended the week firmly in the green, supported by blockbuster earnings reports and improved economic data.

At close of Friday trading, the CAC 40 was up 0.94%, joining most of its peers in Europe in a positive close to a major week.

The final S&P France PMI Composite Output Index was unchanged at 49.1 in January 2023 but above the flash estimate of 49 and with the contraction rate "only marginal overall," while the services PMI fell deeper than estimates. Meanwhile, national statistics bureau Insee said industrial production rose in the last month of 2022.

Sanofi (SAN.PA) registered the biggest slump in the index at 1.88% after its full-year 2022 results grew but fell short of analysts estimates. Looking ahead, the pharmaceutical giant is expecting 2023 EPS to grow by a low single digit.

On the other hand, TotalEnergies (TTE.PA) added 2.12% at close of trading. Aside from closing a $300 million deal to sell a 50% stake in a renewable projects to Crédit Agricole's (ACA.PA) Crédit Agricole Assurances, the oil giant also disclosed that it has a $3.1 billion "limited" exposure to Adani Group, which has recently battled claims of stock manipulation and accounting fraud.

[florenceorbis] 03/2/2023 08:55

Credit Agricole Buys 50% of Renewable Portfolio From TotalEnergies
02/03/2023 | 08:18am GMT


By Ed Frankl

Credit Agricole SA said Friday that its Bancassurance arm bought 50% of a portfolio of renewable projects from TotalEnergies SE with a capacity of 234 megawatts.

The deal values the entire portfolio, comprising 23 solar-power plants and six wind-power plants, at $300 million, Credit Agricole said.

The portfolio will provide enough energy for 200,000 people and prevent the emission of 96,000 metric tons of carbon dioxide a year for 30 years, the bank said.

Write to Ed Frankl at [e-mail]

(END) Dow Jones Newswires

02-03-23 0317ET

[misca2] 01/2/2023 11:38

nice to see

to see nice melt up

[ariane] 27/1/2023 11:18

Fitch Affirms Credit Agricole next bank (Suisse) SA's Covered Bonds at 'AAA'/Stable
01/26/2023 | 10:01am GMT


Fitch Ratings has affirmed Credit Agricole next bank (Suisse) SA's (CAnb: A/Stable/F1) contractual mortgage covered bonds at 'AAA'.

The Outlook is Stable.

KEY RATING DRIVERS

The covered bonds' 'AAA' ratings are based on CAnb's Long-Term Issuer Default Ratings (IDR), the various uplifts above the IDR granted to the programme and the over-collateralisation (OC) protection provided through the programme's asset percentage (AP). The Stable Outlook on CAnb's covered bonds reflects a four-notch buffer against an IDR downgrade.

The rating for CAnb's covered bonds are rated five notches above the bank's IDR. This is out of a maximum achievable uplift of nine notches, consisting of a resolution uplift of one notch, a payment continuity uplift (PCU) of six notches, and a recovery uplift of two notches.

For CAnb's covered bonds, Fitch relies on the highest AP of the past 12 months of 85.6%, which provides more protection than Fitch's 'AAA' break-even (BE) AP of 89%.

'AAA' Break-even AP

Fitch's 'AAA' break-even AP of 89% (revised from 92%), corresponding to a 'AAA' break-even OC of 12.4%, supports a timely payment rating level of 'AA' and a two-notch recovery uplift to 'AAA'. The ALM loss component of 8.1% (versus 4.6% previously), which represents the impact of maturity and interest-rate mismatches between the cover assets and liabilities, is the main contributor to the higher break-even OC for the rating.

The widened ALM loss is primarily driven by reduced excess spread, as interest rates on the cover assets have remained stable, while the average coupon on the liabilities has increased following recent covered bond issuance. The credit loss for the programme is unchanged at 4%, and is derived from the cover pool's weighted average foreclosure frequency and recovery rate stressed at the 'AA' timely payment rating level. We carried forward the results of our asset model as the pool characteristics have not materially changed since the last rating action in July 2022, the weighted average loan-to-value has not increased by more than 5pp and the relied-upon OC is more than 25% above the previous BE OC for the rating.

Uplifts

Fitch has granted a resolution uplift of one notch to CAnb's covered bond programme. The resolution uplift reflects that secured liabilities in Switzerland are exempt from bail-in and a low risk of under-collateralisation at the point of resolution. The resolution uplift also considers the unlikelihood that a resolution of CAnb would result in the direct enforcement of the recourse against the cover pool. The resolution uplift is limited to one notch as CAnb's 'A' IDR is not driven by its Viability Rating (bbb+), but rather by institutional support from the parent Credit Agricole (CA, A+/Stable/ F1).

The six-notch PCU uplift of CAnb's covered bonds reflects provisions for principal and interest payment protection to ensure continuity of payments on the covered bond upon a switch to the cover pool as a source of covered bonds payment. The covered bonds are supported by a 12-month principal maturity extension clause and will benefit from a liquidity reserve fund covering three months of interest due plus senior expenses, should CAnb's IDRs fall below 'A' and 'F1'.

The two-notch recovery uplift to CAnb's covered bonds reflects the programme's timely payment rating level in the investment-grade range, and that no material downside risk to recoveries have been identified. Notably, all assets and bonds are denominated in the same currency of Swiss franc.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to positive rating action/upgrade:

The covered bonds are rated 'AAA', which is the highest level on Fitch scale, and therefore cannot be upgraded.

Factors that could, individually or collectively, lead to negative rating action/downgrade:

CAnb's 'AAA' covered bonds' rating would be vulnerable to a downgrade if the bank's IDR is downgraded by five or more notches to 'BB+' or below.

If the AP that Fitch relies on in its analysis increases to the contractual maximum AP of 95%, the covered bonds' rating would be downgraded by two notches to 'AA'.

Best/Worst Case Rating Scenario

International scale credit ratings of Financial Institutions and Covered Bond issuers have a best-case rating upgrade scenario (defined as the 99th percentile of rating transitions, measured in a positive direction) of three notches over a three-year rating horizon; and a worst-case rating downgrade scenario (defined as the 99th percentile of rating transitions, measured in a negative direction) of four notches over three years. The complete span of best- and worst-case scenario credit ratings for all rating categories ranges from 'AAA' to 'D'. Best- and worst-case scenario credit ratings are based on historical performance. For more information about the methodology used to determine sector-specific best- and worst-case scenario credit ratings, visit hxxps://www.fitchratings.com/site/re/10111579

REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF RATING

The principal sources of information used in the analysis are described in the Applicable Criteria.

PUBLIC RATINGS WITH CREDIT LINKAGE TO OTHER RATINGS

The covered bonds' ratings are driven by the credit risk of the issuer as measured by its Long-Term IDR.

ESG Considerations

Unless otherwise disclosed in this section, the highest level of ESG credit relevance is a score of '3'. This means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. For more information on Fitch's ESG Relevance Scores, visit www.fitchratings.com/esg

[waldron] 26/1/2023 15:39

international adviser .com

Credit Agricole subsidiary buys 70% stake in global wealthtech firm

By Robbie Lawther, 26 Jan 2023

Deal is an extension of a partnership started in 2019


Global wealth manager Indosuez Wealth Management has acquired 70% of UK-headquartered Wealth Dynamix for an undisclosed sum.

The wealthtech firm was founded in 2012 and provides client lifecycle management solutions to private banks, and wealth management and asset management firms worldwide. Wealth Dynamix has offices in London, New York, Singapore, Geneva, Zurich, Paris and Vilnius.

The acquisition is an extension of the collaboration initiated in 2019 between Indosuez subsidiary Azqore, which specialises in the outsourcing of information systems and the processing of banking operations for private banking and wealth management players, and Wealth Dynamix.


It strengthens Azqore’s position in the outsourced banking services’ market while complementing its offering in client relationship management tech. The deal will help Azqore expand into new client segments, including small- and medium-sized players.

Jacques Prost, chief executive of Indosuez Wealth Management, said: “This operation, which reinforces Indosuez’s innovation dynamic, will enable Azqore to broaden its offer and strengthen its value proposition, thus contributing to its attractiveness in its market. It will also benefit the development and transformation of all its partners by allowing for more personalisation, digitalisation and autonomy for their clients.”

Indosuez Wealth Management employs nearly 3,000 people in 10 locations around the world, in Europe (Belgium, France, Italy, Luxembourg, Monaco, Spain and Switzerland), Asia Pacific (Hong Kong, New Caledonia and Singapore) and the Middle East (UAE).

[gibbs1] 22/1/2023 08:48

certainly needs to melt up and break thru the resistence

[gibbs1] 18/1/2023 09:59

CREDIT AGRICOLE SA: Crédit Agricole S.A. announces the reduction of its share capital through the cancellation of treasury shares purchased under a share repurchase program
01/13/2023 | 04:46pm GMT

Montrouge, 13 January 2023

Crédit Agricole S.A. announces the reduction of its share capital through the cancellation of treasury shares purchased under a share repurchase program


On 13 December 2022, the Board of Directors, acting on the authorization of the General Meeting of Shareholders, decided to reduce Crédit Agricole S.A.'s share capital by cancelling 16,658,366 treasury shares representing approximately 0.5% of the share capital.

Such capital reduction is effective as from 13 January 2023.

These shares were purchased under a share repurchase program, aiming to offset the dilutive effect of the 2022 capital increase reserved for employees, implemented between 11 November 2022 and 30 November 2022, for an aggregate amount of 160,297,995 euros, following a decision by the Board of Directors on 24 May 2022.

Following this cancellation of such shares, Crédit Agricole S.A.'s share capital amounts to 9,077,707,050 euros, comprising 3,025,902,350 shares, including 1,892,954 treasury shares held under the liquidity agreement managed by Kepler Cheuvreux as at 12 January 2023.

  

CRÉDIT AGRICOLE S.A. PRESS CONTACT

Alexandre Barat : 01 57 72 12 19 – [e-mail]
Olivier Tassain : 01 43 23 25 41 – [e-mail]
        
Find our press release on: www.credit-agricole.com - www.creditagricole.info

[waldron] 15/1/2023 20:11

News Highlights: Top Company News of the Day
14 January 2023 - 01:30AM
Dow Jones News


U.S.'s Biggest Banks Gird for a Recession


The four big U.S. banks that reported results Friday collectively stowed away $2.8 billion to cover potential loan losses, though lending profits and credit-card spending rose.

[misca2] 15/1/2023 09:43

Consensus

Mean consensus HOLD


Number of Analysts 19


Last Close Price 10,49 €


Average target price 11,11 €
Spread / Average Target 5,92%

High Price Target 14,80 €
Spread / Highest target 41,1%

Low Price Target 5,55 €
Spread / Lowest Target -47,1%

[waldron] 12/1/2023 21:45

Upcoming events on CRÉDIT AGRICOLE S.A.

FEB/09/2023   FY 2022 Earnings Release

[maywillow] 03/1/2023 08:57

Crédit Agricole: Jefferies maintains its 'hold' rating with a price target raised from EUR 9.50 to EUR 11.

[waldron] 18/11/2022 18:37

(MT Newswires) -- Groupe ADP, or Aéroports de Paris (ADP.PA), said Thursday that Crédit Agricole Assurances' subsidiary Predica purchased an additional 2.5% in the company from Royal Schiphol Group, increasing its total shareholding to 7.73%.

The transaction, expected to close on May 30, 2023, forms part of the orderly disposal process of Aéroports de Paris and Royal Schiphol's 8% cross-shareholdings.

The airport operator gained more than 2% on Thursday's close.