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ECOR Ecora Resources Plc

-1.00 (-1.19%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Ecora Resources Plc ECOR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-1.00 -1.19% 82.80 16:23:32
Open Price Low Price High Price Close Price Previous Close
85.00 82.50 85.00 82.80 83.80
more quote information »
Industry Sector

Ecora Resources ECOR Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date

Top Dividend Posts

Top Posts
Posted at 15/4/2024 16:56 by laurence llewelyn binliner
#Brucie5, has to be said, an excellent turnaround since the dividend cut and buyback was announced from a low of 70 pence, but I do not think this was the sole catalyst, see BRWM for reference..

Although disappointing as an income investor to see the dividend cut in half, it does add USD11M a year to debt reduction/buybacks or new royalty purchases for free..

Next stop 100 pence..? .. :o)
Posted at 15/4/2024 16:50 by quepassa
The ONLY thing which has boosted this share recently is the expensive BuyBack Program.

Not fundamentals.

The shares are being held in Treasury and are not being cancelled.

When the BUYBACK program ceases - it is in my view highly likely that the share will drift back down.

The recently reduced dividend and poor dividend outlook dictate a lower price.

A good time to sell as the broker independently handling the Program is clearly prepared to pay up to acquire stock.

Posted at 15/4/2024 14:23 by sword77
Hello fellow Ecor investor colleagues, I just found this forum and I am very pleased to see that I am not the only active investor Ecora investor although the depressed share price might indicate that^^

Thx for the HZM news, supports my assumption that Piaui won't get build in the near future.
Posted at 28/3/2024 17:44 by quepassa

Share price 75p
Dividend 3p

Yield 4%

By comparison, Interest rate on a high-street/internet savings account 4.5%.

If this is a pure dividend/ yield play paying 4% , the yield is now poor compared to a risk-free FSCS backed savings account.

The risk premium for holding this share should dictate a significantly higher yield than 4% in my opinion.

Perhaps a yield of 6-7% would be a more suitable risk/reward return.

And a 6-7% yield (on the basis of a 3p dividend) drives a share price of some 45p to 50p.

all imo. dyor.
Posted at 19/3/2024 15:40 by 1knocker
Everything depends on the dividend holding. If the dividend holds and is sutainable, the price is far too low, little more than half what it should be. If the dividend is cut 50 or 60%, it is about right.

Having just seen the DEC dividend cut 66% when on balance i thought it would hold and on worst case be cut 50%, I am feeling less relaxed here than I was!
Posted at 11/3/2024 16:34 by 1knocker
I do hope you are right LLB. I have just bought a few more at 72.27, and that is my lot. My average purchase price is now 119.6, though counting the sale of a chunk a while back at 160 my current cost per share is under that. I am still deep in the red though on the capital account. So everything depends upon the dividend holding.

Cut it any which way you like, but to my mind the price and the dividend are at odds and the dividend is going to fall or the share price is going to rise. I sincerely hope it will be he latter!
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 31/1/2024 07:25 by masurenguy
Q4 Trading Update

Ecora Resources PLC issues the following trading update for the period 1 October 2023 to 31 December 2023. This update is released ahead of the Group's audited full year results on 27 March 2024.

Fourth Quarter and Full Year 2023 Portfolio Contribution

FY23 portfolio contribution of $63.6m (2022: $143.2m), with the YoY decline primarily a result of expected lower production within the Group's private royalty area at Kestrel as well as a normalisation of commodity prices in 2023 from near record levels last year. Q4 portfolio contribution was $14.4m (including $5.4m of accrued income). Net debt as at 31 December 2023 was $75m (2022: $36m).

Marc Bishop Lafleche, Chief Executive Officer of Ecora, commented: "In-line with our expectations, portfolio contribution rebounded from third quarter levels as operations at Kestrel moved back within the Group's private royalty area and a higher weighting of quarterly cobalt deliveries from Voisey's Bay. This momentum has continued into 2024. Kestrel production within the Group's private royalty area is expected to increase 15-25% compared to 2023. The Voisey's Bay underground ramp-up is expected to accelerate in H2, and other volumes across the portfolio expected to be ahead or in-line with last year. Current commodity price levels imply year-on-year portfolio contribution growth in the year ahead.

In the 4th quarter, we acquired an incremental royalty interest over the PiauĂ­ project for $7.5m. Brazilian Nickel will primarily use these funds to de-risk the project by undertaking detailed engineering studies prior to project construction. This was financed by recycling a portion of our LIORC holding in the quarter, which realised a c. 110% total pre-tax return on the investment. The mining sector continues to see underinvestment and a challenging market backdrop. We anticipate these conditions will persist over next 2-3 years, which royalty financing should be a highly attractive source of capital. The extension of our revolving credit facility puts us in a strong position to continue to grow and diversify our portfolio, which currently offers the leading copper growth profile in the royalty sector."
Posted at 04/12/2023 07:19 by masurenguy
Four Mile Legal Ruling in favour of Ecora Upheld

Ecora (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.
Posted at 05/9/2023 12:40 by 1knocker
All pretty uninspiring - like its bloody silly name! Not sure about the current CEO. He keeps pretty quiet, but that is not necessarily a bad thing. Is ecor a sleeper which will surprise us all, or just a mediocre operation? A comparison with (say) Altius minerals over, 1, 3, 5,10 years - any period you chose really - suggests the latter. Altius pays a much smaller dividend of course, but all the same, my Altuus holding cought in December 2019 is up 80%. Ecor, a very different story.

At present my preferred buy is TRR on dips - I bought more at 38 and a bit a few days ago. I am leery of buying more Altius at the present exchange rate, but if the $ should hit the buffers It would be on my watch list. If ecor falls below 100 I may at least be tempted, but would probably want to see 95 in order to succumb to temptation.

To make money on Ecor you have to espouse its volatility, and be ready to sell any spike. My selling average is above my buying average, but alas not sufficiently so to paint it blue in my portfolio capital account (education does not come cheap; my first purchase at 183 many years ago did me no favours. I bought at a sell price, but at least I have not made the same mistake again with ecor).

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