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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ecora Resources Plc | LSE:ECOR | London | Ordinary Share | GB0006449366 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.40 | -0.62% | 64.10 | 63.80 | 64.30 | 65.60 | 63.20 | 64.60 | 293,085 | 16:35:30 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Coal,oth Minerals,ores-whsl | 61.9M | 847k | 0.0034 | 187.65 | 160.23M |
Date | Subject | Author | Discuss |
---|---|---|---|
27/3/2024 07:22 | Dividend halved, income weak and debt burden too high. Buybacks won’t touch the sides IMHO. More years of pain to come. What a waste of the Kestrel bonanza. MBL out of his depth and investors paying the price. 😡 | cocopah | |
27/3/2024 07:19 | Not what I wanted to read this morning, they are cutting the dividend after the FY 2.125 cents payout..A USD10M buyback too, another decision I would not have taken using it for debt reduction instead..Seems they are looking to shore up the balance sheet in anticipation on WM not moving forward, a sensible thing to do, but just bad luck if BHP do not move forward with the build.. | laurence llewelyn binliner | |
20/3/2024 15:37 | I would think the divi will have to be cut next year. The far greater issue is the substantial (so far, paper) loss of capital, which will take several years (and a large slice of luck) to rectify. The next thing to go will be the 2016 low … I feel genuinely sorry for those who are ‘heavily’ | cocopah | |
20/3/2024 14:46 | I hope you are right LLB, but the share price sure does not reflect a safe 9% dividend. Its either the buy of the century, or..... I see where you are coming from, but I don't await the results with an altogether easy mind! | 1knocker | |
19/3/2024 18:03 | 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. | cocopah | |
19/3/2024 17:32 | #1Knocker, we still have our Kestrel income here for all of 2024/2025 and some of 2026 so far, so the dividend is covered 2 or 3 times over.. What could change, pending the WM update build deferral possibility is the need to substitute that USD10-15M a year income gap IF it happens, but the portfolio can cover the dividend comfortably without it if needed, VB will take care of that as it scales up.. 24.04.2024 for the Q1 update.. | laurence llewelyn binliner | |
19/3/2024 15:40 | 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! | 1knocker | |
19/3/2024 15:20 | Would Treger have done any better? Transitioning a business can always be challenging, particularly when you're hostage to volatile commodity prices and long and potentially uncertain lead times to first production for development assets. And the downside for Royalty companies is that you have no control over the latter. | mwj1959 | |
19/3/2024 09:42 | Horrendous loss of shareholder value since Treger departed. From 1.86 at the beginning of April 22 to today's 71p is some drop. From the duff change of name to the 'so far disappointing' transition to future facing metals, it's been a big mistake to hold. Hopefully there's not much further to plummet and I live long enough to see a rebound of some sort. | lcwanderer | |
18/3/2024 18:47 | Coco - thx. I've looked at in the past and not been convinced, which saved me a few quid (it's halved since then!), so going to keep it on the watch list for now. | mwj1959 | |
18/3/2024 14:19 | #Flagon, thanks for posting, all we can do is watch and wait here for the WM build update and the Nickel price to pick up again.. | laurence llewelyn binliner | |
18/3/2024 12:18 | 18th March 2024 MELBOURNE - BHP Group said on Monday some contractors at its West Musgrave nickel and copper project in Western Australia had left its operations as the global miner assesses whether it will put its nickel division on ice due to a severe price slump... etc Link : | flagon | |
14/3/2024 17:55 | #mwj1959 I’d leave it for a while, worse to come here I fear and I say that as an investor well in the red here (fortunately on a much reduced holding). Their social media team pumped out some nonsense on copper prices today failing to note the significant drop in the price of cobalt (a mainstay of their production!🫣 | cocopah | |
13/3/2024 10:08 | I don't own ECOR, but do have exposure to the sector via TRR. Having attended their presentation last night at the Share Magazine / AJ Bell event the stock at current levels does look interesting, given that it trades at an estimated 0.5 P/NAV, very similar to TRR (compare that with the much higher valuations attached to gold mining royalty companies, many of whom trade at substantial premiums on a P/NAV basis). Sentiment towards the commodity sector in general remains challenging, reflected in the share price, so probably a good time to be looking at the opportunity in these stocks, while recognising that they are probably going to be slow burners. | mwj1959 | |
13/3/2024 09:03 | Cobalt. see price and price graph. | quepassa | |
13/3/2024 00:35 | Good interview explaining Ecora’s transition from Metallurgical Coal to energy transition metals. | 888icb | |
11/3/2024 20:12 | #1Knocker, frustrating to be down here at a low of 72 pence, however, compare to BRWM, our share price trend is identical but we are on a steeper discount and an opportunity.. I am looking to add a few on new ISA day if it holds steady which could be a very nice averaging down buy for what should/could be a 10% yield at the price. New company presentation tomorrow, not sure if it might point towards anything new though, we will have to check and find out.. :o) Senior management will deliver a presentation about the Company to update existing and potential investors on Ecora's business plans.. | laurence llewelyn binliner | |
11/3/2024 16:34 | 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! | 1knocker | |
11/3/2024 15:42 | #Andydaf, if we consider the portfolio generated USD27.7M in 2023 without Kestrel, and VB was down -USD13M / 70% on 2022, then it can stand on its own feet and cover the dividend without Kestrel.. BUT we do have Kestrel for 2024/2025 with expectations of +15/+25% on tonnages, and VB will be ramping up from 11 deliveries (2023) to an expected 14 (2024), and 28 (2025) so we will be recovering the gap down in income.. WM is an unknown right now, but the Nickel price is recovering so this will influence BHP decision to accelerate or slow the mine build.. We also know the BOD are sitting on USD230M of funds available to consider/progress/ac | laurence llewelyn binliner | |
11/3/2024 15:21 | Took a few more today.More than likely a bit early but i suppose thats the gamble.Kestrel should see us through 24/25 but then everything is in the lap of the gods.If nickel and cobalt prices rebound and copper flies i will think i have been a smart so and so,if they dont i will be crying into my tea.GLA | andydaf | |
10/3/2024 18:55 | Surely it is 10 years from now is the measurement of you are buying in | dartboard1 | |
10/3/2024 17:24 | I like the look of TRR at its current price. Also Ecor under 100p, despite your reservations, which I broadly share. I think they are more than priced in now. My core holdings though are Rio, BHP and Glencore. I am a minimum of 50% up on each of those. Keep an eye on BRWM too. Mining is cyclical, so timing of purchases matters. I don't think there is any hurry to buy /top up any of those just yet, but I am watching them closely and expect to do so some tme this year. The big miners have shown unheard of disciplne over the past peak, and are in much better balance sheet shape than is usually the case. | 1knocker | |
10/3/2024 16:38 | I used to have a sizeable holding in APC, but sold out when they started to move so aggressively into battery materials at what I thought were meaty valuations. In retrospect, that was an excellent decision. Looking at the numbers now, everything about the company still seems overdependent on a declining income from Kestral. For those of you who follow this closely, what am I missing? I'm currently lacking any natural materials in my portfolio, believe that this is a good time in the cycle to invest, but am not sure that Ecora ( as it is now) is the right vehicle? | reddirish | |
10/3/2024 16:12 | well, well well. famous last words of LLB "we need to hold a share for a decade, through a commodity cycle and measure it on a total return basis before concluding if we got it right or wrong.. :o)". let's put that decade long holding period to the test Price 1st March:- 2014 - 180 pence (anglo-pac) 2024 - 75 pence disastrous destruction of shareholder value over last decade. care to comment?? | quepassa |
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