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ABG African Barr

235.20
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
African Barr LSE:ABG London Ordinary Share GB00B61D2N63 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 235.20 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 235.20 GBX

African Barrick Gold (ABG) Latest News

Real-Time news about African Barr (London Stock Exchange): 0 recent articles

African Barrick Gold (ABG) Discussions and Chat

African Barrick Gold Forums and Chat

Date Time Title Posts
19/9/201712:45African Barrick Gold1,490
08/1/201316:10ABG Looks Interesting590
19/12/200711:54ABG4
13/12/200616:22Abbot with Charts & News-
07/5/200618:53Abbott 'Oil & Wind' not 'Ale & Wind'10

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African Barrick Gold (ABG) Top Chat Posts

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Posted at 19/9/2017 12:45 by goldguru2017
Kestrel Gold (TSX Venture Exchange symbol KGC.V)

Please allow me to bring your attention to this low-market capitalisation, high potential gold/copper exploration company that has assets in the ‘Eye of the Storm’ – the White Gold Area in the Yukon, Canada.


- Recently acquired acreage in one of Canadas most prolific gold areas – the ‘Eye of the Storm’ White Gold Area in the Tintina Gold Belt.
- Easily accessible, excellent infrastructure, safe jurisdiction.
- Sampling just finished, funded drilling programme about to commence
- >100g/T Gold sample from Clear Creek – excellent potential
- Peak values of 12,400 ppb Au from soil sampling on Val Jual
- Relative low market cap – CDN$4.2 million
- CEO with proven track record of growing public companies share price by multiples
- Leading Canadian gold geologist, Jean Paulter, running drilling campaign
- Nearby to discovered goldmines (Coffee, Golden Saddle)
- Val Jual /10 Mile Creek acreage surrounded by active 2017 programs by other companies
- Drilling news flow expected before year-end

Please do your own research on the Company before investing. Thank you for your time.
Posted at 29/7/2014 08:26 by hectorp
addison, they seem to have turned the business around. The rise is therefore not too surprising. But, if I had the ability, I could see if this suggested a much higher share price.. I've only done basic arithmetic, there should now be more upside methinks.
Posted at 12/3/2014 13:08 by mechanical trader
Canaccord sees buying opportunity at African Barrick Gold after sell-off
12 March 2014 11:24

The 17 per cent share price slump of African Barrick Gold (ABG) has created a buying opportunity, according to Canaccord Genuity on Wednesday.

The broker kept a 'buy' recommendation and 315p target price for ABG.

Shares fell sharply on Tuesday after parent company Barrick Gold disposed of 41m shares - representing a 10% stake - to lower its holding to 63.9%.

"We believe the magnitude of the price drop was exacerbated by the profit taking following the best performance among UK peers since mid-2013. The fall we think opens up a buying opportunity," said analysts Dmitry Kalachev and Peter Mallin-Jones.

Among their key reasons to buy the stock, the analysts highlighted free cashflow (FCF) which is expected to average $230m per annum between 2015 and 2020.

This translates into a FCF yield of 13% which is the highest among ABG's London-listed peers under Canaccord's coverage. Adding growth projects would see FCF rise to $280m per annum at a 16% yield.

They also pointed to a robust balance sheet, strong production growth and easing upwards pressure on costs.

Addressing recent speculation that Barrick Gold could move to sell-down its remaining stake, Kalachev and Mallin-Jones said ABG now represents only 7% of the parent company's annual production so even a total disposal of the entire 63.9% stake will improve Barrick's costs by only around 2%.

"The sale at any cost in order to improve cost profile looks out of the question and this, we think, reduces the overhang risk from the remaining stake," they said.

The stock, which hit a low of 229.3p in early trading on Wednesday, had trimmed losses to trade just 1.4% down at 246.5p by 11:45.

BC

Related Companies: ABG
Posted at 12/3/2014 08:55 by bobsidian
Probably when the share price has been moved back down to test the 200 day Simple Moving Average.

The silence of Goldman Sachs on the move up is noteworthy. It would not be surprising to see it using all its tricks to drive the share price back down. Doubtless ABG will appear on its "conviction sell" list.
Posted at 12/2/2014 08:46 by drewz
Watched Brad Gordon interview on CNBC this morning to accompany annual results.

He explained much improved costs per oz was due to costs being taken out, not higher greades being mined, and that there is plenty more to come through 2014-15, both in taking out overhead costs and improving mining costs.

Also, he explained ABG is still mining ore below the reserve grade so there is capacity for higher grade cost per oz improvement there too.

He believes analyst coverage rating ABG only a 'hold' is based on gloomy prognostications on forward gold price, and doesn't take into account ABG's operational improvements.

He says ABG will do much better over next 2 years, even in current gold price environment. (Said he doesn't predict future gold price).

Still a BUY even after past 3 months relative outperformance.

If you then factor in gold back above $1500 this year, there is plenty more gas in the tank here, back towards 400p.
Posted at 30/10/2013 15:43 by robrah
Pollen .I am still around .The company has done well to achive the cost saving that they have .and the share price is reflective. It is surprising how quickly they cut the cost of prodiction down . Hmm . Wonder why it took them so long to do it .Well see if they can do it consistantly.My bearish view was mainly due the abg missing target frequently and incurring higher cost of production compared to peers .Abg have done well .and with the price of gold higher .should help push the share price . HigherHow ever would i invest here for the long term . Na randgold has far more growth and great management and long term potential due to their competative advantage.
Posted at 18/10/2013 11:53 by drewz
ABG is a better bet than Randgold because current ABG price is more distressed than Randgold: more risk = more reward, potentially.

ABG has had problems.

ABG is in process of restructuring.

Eventually, if sucessful, the discount in the ABG price will be unwound.

In other words, ABG is more highly geared to any recovery in the gold price.

Also Randgold is more fully covered by city fund managers so less opportunity for price discovery.

So I consider there to be more upside in ABG than in Randgold.

Hope this helps.
Posted at 22/7/2013 09:00 by undervalued companies
Really well put it this way on abg RNS if they do what the telegraph hints cut the dividend reduce it and declare write downs there will be a slump in share price

Fighting against abg share price frankly is silly at present but I guess post RNS views might be different.

It's funny I pointed all this out on Sunday at least the telegraph is on ball with this seasons writedowns
Posted at 21/7/2013 12:01 by jungmana
Imo ABG is a buy at this price. the all in cost is about $1100(cash cost of $893 from q1 results) and cash in hand of about £260m.
as gold rebounds above $1300, ABG share price will move up and I believe the company will be ok in the medium term as long as gold stays above $1200.
Posted at 26/3/2013 01:48 by bobsidian
Noteworthy that the final dividend currently equates to a return of around 3.5%.

Would not be surprised to see the share price continue its descent up to the ex-dividend date of 1/5/13.

The big problem for ABG may be the financial impact in 2013 of a decline in turnover combined with an increase in capital investment which could see ABG move from a position of net cash to net debt whilst potentially reporting a headline net loss for 2013.

The current share price of ABG is doubtless moving to price in the perception of such a financial reality whilst suspending judgement on the ability of current management to succeed in its cost control measures and questioning the ability of ABG to maintain any dividend.

Brutal and unrelenting as the current strength of the Balance Sheet offers no support to the share price because of the perceived weakness to come. Doubtless market participants will be scrutinising the estimated financial impact of management initiatives throughout 2013 to provide an indication of the effect on the results for 2014.

Regardless, still a stunning collapse in the share price since the beginning of 2013. And not alone when you see similar percentage collapses in the share prices of POG and KAZ. It seems that any company moving toward the accumulation of debt in this environment is finding their share price being aggressively punished. And given that that is the modus operandi of the mining sector as a whole, little wonder the savaging the sector participants will take until there is a perception of net cash ouflows turning to net cash inflows.

Quite amazing to see equity markets so elevated without the positive participation this time round of the mining sector.
African Barrick Gold share price data is direct from the London Stock Exchange

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