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ECOR Ecora Resources Plc

61.70
-0.80 (-1.28%)
17 Feb 2025 - 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
-0.80 -1.28% 61.70 16:35:02
Open Price Low Price High Price Close Price Previous Close
62.60 61.60 62.60 61.70 62.50
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Ecora Resources ECOR Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
04/09/2024InterimGBP0.01370402/01/202503/01/202531/01/2025
03/04/2024FinalGBP0.01696409/05/202410/05/202405/06/2024
10/05/2023InterimGBP0.01665411/01/202412/01/202414/02/2024
10/05/2023InterimGBP0.01738728/09/202329/09/202325/10/2023
10/05/2023InterimGBP0.01666415/06/202316/06/202326/07/2023
29/03/2023FinalGBP0.017511/05/202312/05/202307/06/2023
12/05/2022InterimGBP0.017506/10/202207/10/202226/10/2022

Top Dividend Posts

Top Posts
Posted at 12/2/2025 13:13 by the deacon
A good read on Cyprium's Nifty copper asset.ECOR has a 1.5% royalty.https://im-mining.com/2025/01/23/cyprium-metals-enlists-help-of-macmahon-for-nifty-copper-complex-recommencement/
Posted at 19/12/2024 10:23 by the deacon
I agree. Rick is right in so much as on a forward looking basis Ecora is cheap - assuming Santo Domingo, Piaui and West Musgrave get into production. The elephant in this particular room, however, is the management. I wasn't particularly enamored by MBL's appointment when Treger left, and I think that's been proved right. It's funny, as I agree with what Rick Rule has often said about the management teams in the royalty and streaming space. The royalty and streaming model has attracted and developed some of the very best in the business. ECOR seems to the exception, unfortunately. He mentions Altius Minerals in the interview. I've had Altius in my portfolio since their COVID-related knockdown around $8. They've an exceptionally switched on team who understand how to grow a royalty business. It is possible that ECOR gets a bid from another player, but that'll only be down to the inability of the current team to extract value for shareholders. I've said before, some of the nickel, cobalt and copper assets in the Ecora portfolio are amongst the most attractive royalties and streams in the diversified and mid tier spaces. I dislike the feeling of the 'job done' attitude that i pick up from this management team - particularly the CEO. As QP points out, the value destruction here is completely the opposite to the performance of Ecora's closest peer.
Posted at 26/11/2024 19:03 by laurence llewelyn binliner
#Cocopops, a rubbish year for my AIM tiddlers here too.. :o(, I backed half a dozen a over 10 years, it is high risk, we take our chances and on balance we hope to win more than we lose..

I am more focused on bigger more stable FTSE companies in recent years, ECOR will pull through, they just have to ride it out until the cash builds up and the debt goes down, H1-2025 Kestrel contributions will be a big help in doing so and should raise the SP, our VB Cobalt sales could go through the LME and where the physical product ends up I could not say..

Next dividend here in Jan 2025, they do add up to reduce holding cost averages, but painfully slowly since it was cut in half and now only twice a year..
Posted at 11/11/2024 11:06 by brucie5
Can anyone confirm the forward dividend yield here, please? TiA.
Posted at 06/9/2024 21:03 by 1knocker
RBC Capital Markets raised their target for Ecor from 100 to 120. I can't say i am convinced. They seem to see the end of coal in the portfolio as a plus but I see it as a mistake, and at best bad timing as it has left Ecor with a revenue drought over the next few years.

I also dislike share buy backs. If a company can't see anything better than its own shares to buy with cash on had, that cash should be returned to the shareholders to let them make up their own minds where they invest it. This management is struggling to run the business they are paid o run, let alone branch out into the equity investment field! And when did even shrewd management (Berkshire Hatherway perhaps excepted)even time a share purchase right?
Posted at 03/9/2024 17:45 by quepassa
As predicted by me, the share price has now tumbled firmly into the 50p range.


Fresh Article on Yahoo Finance / Simply Wall Street dd. 29/8/24 headed:-



" ECORA RESOURCES... SHARES COULD BE 32% ABOVE THEIR INTRINSIC VALUE ESTIMATE"



which continues:-



" Using the Dividend Discount Model, Ecora Resources fair value estimate is UK£0.45"


Link to article herewith:-

hXXps://finance.yahoo.com/news/ecora-resources-plc-lon-ecor-054631813.html

The SWOT analysis in the article is worth contemplating.


The share price graph remains in my opinion on a downwards trajectory.

ALL IMO. DYOR.
QP
Posted at 17/8/2024 09:25 by 1knocker
Thanks, deacon.

Not a very bright outlook.

Realistically, as I see it ECOR can't do much to get out of the short to medium term hole it has dug itself into (asset sales to fund a pivot would be at a cracking loss, it has no cash on hand for significant further purchases, and any equity raise would be at a heavy discount to an already depressed SP), so when the Kestrel money stops it will very likely fall to a low ball takeover bid from a stronger player with a better balanced asset portfolio which can afford to wait for the ECOR assets to become productive.

Ecor share buybacks will only serve further to reduce its capital available to make purchases to fill the short to medium term revenue gap, making it even more vulnerable to a low ball takeover, and at a lower price.
Posted at 16/8/2024 20:59 by the deacon
That's the risk, yes. West Musgrave and Santo Domingo are the two that prompted ECOR to execute the S32 transaction - in the belief that at least WM would be in production by the time Kestrel came to an end. Piaui has the potential to contribute meaningfully but, as is the case with WM - the nickel market/outlook isn't conducive to a new mine build. Remember, BHP initially sold WM to Oz Minerals, and now have it back following the Oz takeover. It's safe to say BHP aren't overly enamored with the economics at WM, so it's difficult to say when that situation changes. Santo Domingo has always been a high cost option for Capstone. The chunky upfront capex is likely a turn off vs the option of M&A. I'm sure WM and Santo Domingo get into production, but I very much doubt either make it before Kestrel ends. Then there's Voiseys Bay. VB is predominantly a nickel mine, with ECOR enjoying a stream on the cobalt byproduct. Ramp up is expected to improve things, but won't bridge the kestrel void on its own for ECOR.Difficult to know what's going on at Piaui given there's no public disclosure requirements there. I suspect there'll be no rush to commercial production though - with similar outlook issues to WM. In a market where there's a rush to bring on new meaningful (scale) production asap, then these assets get built and ECOR makes a heck of a lot of money. But we're not in that market, and unfortunately the cash cow is running out fast. Recently there's been a flurry of royalties purchased on producing copper assets by some of the bigger royalty co's. That's the sort of place ECOR's cash should have gone given the time constraint. I'm sure WM, Santo Domingo and Piaui all make it into production, but I'm also equally sure it won't be in time to fill that oncoming Kestrel void.
Posted at 16/8/2024 08:18 by the deacon
They've fallen in line with the more generous dividend paying royalty companies. What ECOR need to show now is a dynamic team that's ahead of the curve in terms of capital allocation. The previous yield here was the main reason for holding. Now they're really competing with peers such as Altius, and over recent years Altius has shown themselves to be very astute allocators. There's a handful of reasons why ECOR doesn't enjoy the sort of multiple that Altius does. It's up to MBL to step up and change that now.
Posted at 01/6/2024 08:52 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.

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