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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
|
|
|---|---|---|---|---|
| -0.80 | -0.95% | 83.00 | 09:15:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 85.00 | 83.00 | 85.00 | 83.80 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| 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 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 15:17 by cocopah His smugness (MBL) is about as good at capital allocation as Southgate is at understanding free-flowing attacking football!He should’ve apologised for the destruction of shareholder value and being late to the party with near-term accretive income. At one stage he said that those kind of deals were not available … and then later he said that they were just the kind of deals that they were now looking for - clueless. Basically, he is asking investors who are at least 40% or more down on their investment to suck it up for about 4 years plus, (with a 3p per share per year dividend) whilst income remains depressed. The only person who might gain from the share buyback is himself who bought shares at 76p and then panicked into a buyback when the share price dipped to 70p … not what I call an ethical move! The share price might’ve improved marginally over the last day or two (and this may continue as the buyback takes place) but there is no hiding from the fact that near term income and by that I mean over the next 3 years looks awful … and as a result I fail to see what would be the impetus for any kind of sustained share price rally. What a mess!😡 |
Posted at 27/3/2024 19:14 by andydaf Rarely have i seen a ceo who has destroyed value on a massive scale,diluted shareholders and cut a dividend in half appear as conceited as MLB on brr media today.Hopefully the new chairman will remind MLB its his job to make shareholders money.Should have gone after the thermal coal royalty fiasco.He enjoyed massive luck with the queensland royalty change sadly that now seems to have runout.Why would new investors wish to invest in a risky finance company(some projects do not come to fruition)paying a yeild going forward of around 4%?Unfortunately i topped up the other day and 1knocker was right about the dividend.GLA |
Posted at 27/3/2024 12:26 by laurence llewelyn binliner The USD10M saved from the 2024 dividend cut roughly squares with the buyback spend, so no net gain here, I doubt S32 are very happy with their 43M shares (16% holding) and 154 pence cost either, worth watching what they do next..Kestrel run off has always been an income issue, but we are covered for 2024/2025 and some of 2026, however the gap between VB ramping up over 2024 and WM adding is now far less clear, the BHP decision has been and will be a drag on the share until they decide what to do with the mine build, Piaui is 5 years out yet, Santo Domingo could be less but their FID on a build is not due until H2-2025 so that is 2027/28 earliest for any income.. Also not a fan of the Narrabri divestment, although we do still have income and proceeds to come back from it.. SP up a little today so far but time to consider options and portfolio weightings going forward for income investors.. |
Posted at 27/3/2024 07:56 by cocopah I can’t see MBL being given the time 2028-2030 to ‘realise’ |
Posted at 19/3/2024 18:03 by cocopah I’d like to think JT would have transitioned in a more piecemeal fashion … the all out hung-ho approach was full of risk and unfortunately for investors a costly mistake. No accretive deals means that income is going to be dire for a long while. I can only see this dropping a lot more and with only £8,000 on the line now I am just going to sweat it out for a few years. There is no polishing this one … it’s a real mess. |
Posted at 05/3/2024 08:26 by quepassa Those of a nervous disposition are advised not to read The Lex Column in today's FT (p.24), headed:-"Iron ore fall bodes ill for steel demand and China's economy." We know what the vital two ingredients are for making steel. A couple of snippets from the FT article:- "Now ore prices are plunging, down a tenth since mid-February and by nearly a fifth this year. Oversupply coupled with China's slowdown means the sector is becoming a dangerous one to invest in" and "Investors should not risk getting caught in the turmoil. Further steel price and margin declines, followed by industry consolidation, appear inevitable" See FT for full context. all imo. dyor. qp |
Posted at 21/2/2024 20:49 by 0x3f Nickel price apparently due to Indonesia flooding the market. It looks like we're setting up for a bifurcated market with Clean Nickel (non Indonesian) attracting a premium. From Chalice Mining, 21 Jan Corporate update:"The nickel market is also experiencing structural changes, with an oversupply of highly polluting, high carbon intensity nickel from Indonesia. Given the majority of this supply is driven by Chinese investment and will not be compliant with the US inflation reduction act, in our view western battery makers are still actively looking to source western nickel and this is not reflecting in LME prices " This recent statement is also interesting: "29 investors, with USD 1.2 trillion in combined assets under management, have signed a statement expecting companies to enhance their environmental and social due diligence in nickel supply chains of the electric vehicle (EV) industry. They are calling for incorporating responsible mining requirements into their mineral supply chain policies." hxxps://www.regnskog -0x3F |
Posted at 10/2/2024 12:40 by pockstones Reference management previously did not an investor relations and presented themselves answering questions in depth and intelligently now they do employ someone and that is both an additional cost and a poorer messaging outcome.At this point shareholders are probably right to be aggrieved |
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