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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ecora Resources Plc | ECOR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.40 | 0.63% | 64.00 | 16:35:10 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 63.00 | 62.90 | 65.10 | 64.00 | 63.60 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 03/04/2024 | Final | GBP | 0.016964 | 09/05/2024 | 10/05/2024 | 05/06/2024 |
| 10/05/2023 | Interim | GBP | 0.016654 | 11/01/2024 | 12/01/2024 | 14/02/2024 |
| 10/05/2023 | Interim | GBP | 0.017387 | 28/09/2023 | 29/09/2023 | 25/10/2023 |
| 10/05/2023 | Interim | GBP | 0.016664 | 15/06/2023 | 16/06/2023 | 26/07/2023 |
| 29/03/2023 | Final | GBP | 0.0175 | 11/05/2023 | 12/05/2023 | 07/06/2023 |
| 12/05/2022 | Interim | GBP | 0.0175 | 06/10/2022 | 07/10/2022 | 26/10/2022 |
| Top Posts |
|---|
Posted at 11/7/2024 16:30 by 1knocker This really has become a stinker. Lowest price since 2015. Even on a BB it is difficult to see how anyone can claim to be in the blue. Most will be lucky if they are down less than 50%, though on a total return basis it is not quite so bad. Unfortunately, though the dividend is flattered by the falling price, the return on capital invested by existing shareholders is not.Frankly, if ECOR is not a takeover target at this price the potential purchasers must take a very jaundiced view of its assets. Very depressing. Wish I had a better idea of what a fair value might be. Not so long ago I thought it might be about 100p, and a year or so back I thought it a buy under about 140. There were even those who hoped for 200p, though that always seemed a stretch to me. It has been a precipitate fall since the change of CEO, though from the company announcements it appears that the BoD thinks they are doing just fine. . |
Posted at 11/7/2024 11:38 by the deacon Just depends what you're buying ECOR for. If it's for copper exposure, then there's better royalty and streaming options. Agree that 4-5 years from now ECOR could be generating $100m+ in receipts again, but how low does this need to go until the market starts to value it on future cashflows? Santo Domingo news is crucial now. |
Posted at 16/6/2024 14:46 by 1knocker So the shares are not oversold at the current SP, and the BB is a bet on the company being better managed in future than it has been in the recent past, when the share price should rise in line with better company performance?That sounds to me like the very definition of a decision for shareholders deciding whether to use their dividends to purchase more ECOR shares to make, not the BoD. |
Posted at 16/6/2024 14:28 by laurence llewelyn binliner #1Knocker, ECOR was never a pure royalty play business, we owned (and still do) a strong position in LIORC equity which has paid us dividend income for many years, and returned a 60% CG when we reduced, I did not like the idea of a BB, better invested in debt reduction IMO, but it did give stale bulls a chance to reduce or exit if they wanted to and it was funded from profits on equity speculation.. :o)27.03.2024 - In Q4 2023 we sold approximately 60% of our stake in LIORC realising CD18.9M, a total pre-tax return on investment of c110% these funds will primarily fund the buyback programme we announced today and the $7.5M we invested into Piauí.. The treasury shares will add value over time, but not until the income is shored up and heading back towards the target USD100M a year.. |
Posted at 16/6/2024 13:20 by 1knocker LLB, the BoD of Ecor is paid to run a royalty business, not to speculate on the stock exchange. So far, the current board is not making a particularly good job of running a royalty business even though that is supposed to be their area of expertise. Why do you think they will do better as amateur speculators on the stock market?If profits are paid out to the shareholders as dividends, the shareholders can make their own decisions as to whether and at what price they apply those profits in the purchase of ECOR shares. |
Posted at 13/6/2024 12:28 by the deacon The only reason you're buying Trident is for Thacker Pass. The rest of the portfolio is average at best. ECOR has an impressive pipeline, however we need to see progress and commitment from the operators at WM, Piaui and Santo Domingo. In different circumstances I wouldn't have been disappointed with a TRR/ECOR merger, as both needed scale. Even someone like Altius would have been interested in TRR's Thacker Pass royalty. Anyway, I've held Trident since IPO, but I'm very disappointed by today's news. |
Posted at 10/6/2024 08:48 by damp seaweed ‘PockstonesCan you (or anyone else) point me in the direction of Ecora’s dividend policy going forward. |
Posted at 01/6/2024 09:52 by 1knocker There wewe a good many of us who disliked the move away from coal and thought it a serious mistake.It is perfectly fair to say that those of us who stayed in, and even added to, our holdings here after reaching that conclusion acted irrationally. The more serious strategic error the company has made though is misreading how to play the 'green energy /electrification revolution'. The key is copper, and copper prices and investments remained surprisingly cheap for a considerable period. That provided a window of investment opportunity which was missed. Add to that the purchase of then 'fashionable' electrification /battery materials investments at high prices, and it is evident that the management here are merely chasing the market rather than analysing it. Those who have bought in at 70/80 ought to be OK, but those of us with holdings bought around 120 probably have a long wait before we get our heads above water again. Anyone (not many of us I hope) who bought close to 200 is cooked. That was a selling not a buying price, whatever strategy the management had adopted. Even the best companies are bad investments if you overpay. We should not rail against the management. Our losses are not caused by their mistakes but by our mistakes in failing to recognise theirs, and in investing /staying invested even when we do recognise their mistakes. ECOR is stuck with the consequences of its decisions. we are not stuck with ECOR. I shall sell ECOR down as and when I see better opportunities in the sector elsewhere. I don't care whether i recover my money holding ECOR or selling it to invest elsewhere, but before I rotate into something else I need to be sure that I have thought the 'something else' rather more thoroughly than i did ECOR when I held on here despite my misgivings as to its strategy. |
Posted at 07/3/2024 11:56 by 1knocker There is a very marked contrast between the altius and the Ecora price performances. Altius is well up over 5 and 10 years, and has rebounded sharply over the past few weeks. Ecora is at 10 year lows and shows no sign of a rebound. Ecor has of course paid a multiple of Altius dividend, so a fair long term comparison should be on a total return basis, but the divergence has nevertheless been striking over the past few weeks.I would actually feel easier in my mind seeing posts justifying the price performance than posts saying that the horizon is clear. I grow uneasy when shares are not behaving as one might rationally expect! One thing is for sure, if all is as well with Ecor as some (pretty convincingly to my eye) assert, at this price someone should be running the rule over it with a view to a bid! |
Posted at 04/12/2023 07:19 by masurenguy Four Mile Legal Ruling in favour of Ecora UpheldEcora (LSE/TSX: ECOR) announces the Supreme Court of Western Australia, Court of Appeal has upheld the original, favourable, judgment by the Supreme Court of Western Australia in Ecora's legal dispute with Quasar Resources Pty Ltd. ("Quasar"), the owner and operator of the Four Mile uranium mine over which the Group has a 1% net smelter return ("NSR") royalty. Ecora and Quasar have been engaged in a legal dispute since 2016 over the level of allocable charges being applied to calculate NSR revenue subject to the Group's royalty entitlement. On 13 April 2022, the Supreme Court of Western Australia ruled in favour of the Group's position that no costs incurred at the mine or at the Beverley plant, should be applied as permitted allocable charges. On 1 December 2023, the Supreme Court of Western Australia, Court of Appeal upheld the original judgement. Following the initial ruling, the Group received a settlement payment of approximately A$6 million, plus interest, that has been held as deferred income and will be released to the income statement in Q4 2023. Since April 2022, the Group has also been receiving its NSR free of any deductions for extraction and processing, subject to the outcome of Quasar's appeal. The Group decided that it was prudent to accrue the amounts relating to the contested allocable charges. With the appeal having been upheld, the Group expects to release approximately A$2.3 million of accrued income in Q4 2023. A total of approximately A$9.3 million, including interest, is expected to be released to the income statement in Q4 2023. This does not impact on the Group's cash balances as these amounts have been received. Furthermore, the Group has been awarded its legal costs of both the trial and of the appeal, which will be assessed, if Ecora and Quasar cannot reach agreement. |
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