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ECOR Ecora Resources Plc

79.00
-2.60 (-3.19%)
Last Updated: 15:17:54
Delayed by 15 minutes
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 Shares Traded Last Trade
  -2.60 -3.19% 79.00 388,583 15:17:54
Bid Price Offer Price High Price Low Price Open Price
78.60 79.10 81.50 78.50 81.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Coal,oth Minerals,ores-whsl 141.87M 94.64M 0.3670 2.17 205.77M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:17:54 AT 2,084 79.00 GBX

Ecora Resources (ECOR) Latest News

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Date Time Title Posts
23/4/202408:28ECORA RESOURCES791
25/1/202308:15Ecora Resource2
17/1/202312:21Ecora - The New Pacific Resources7

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Ecora Resources (ECOR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:17:5479.002,0841,646.36AT
14:13:4878.83811639.35O
14:10:0678.60689541.55AT
14:03:4178.9011993.89AT
14:03:4178.90169133.34AT

Ecora Resources (ECOR) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Ecora Resources Daily Update
Ecora Resources Plc is listed in the Coal,oth Minerals,ores-whsl sector of the London Stock Exchange with ticker ECOR. The last closing price for Ecora Resources was 81.60p.
Ecora Resources currently has 257,856,157 shares in issue. The market capitalisation of Ecora Resources is £205,769,213.
Ecora Resources has a price to earnings ratio (PE ratio) of 2.17.
This morning ECOR shares opened at 81.50p
Posted at 28/3/2024 17:44 by quepassa
Maths.

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.
qp
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 11:25 by 1knocker
On 19 March I posted that either the dividend would be cut or the share price would rise, as the two were totally out of kilter. I also said that if the dividend was cut by 50 or 60%, the current share price looks about right.

Sadly, that post has proved prescient.

Even 100p now looks a long way off.

I have made a mistake here. I didn't like the move away from coal, and I was worried that the move into battery metals was mistimed and at too high a price. that move was made when green revolution optimism was at its height, before the cost and difficulty of the 'revolution' was properly considered.

We have to accept it - the new CEO has not done well. timing is everything in the mining sector, and he has got his timing badly wrong.

When a company with heavy debt spends its (its creditors') money buying its own shares I am not encouraged. When it does so when its shares are about fair value (as I think they now are)I am distinctly unimpressed.

I think we have to be honest and accept that the new CEO has destroyed value. He has harmed the company, and thus us as shareholders. There is nothing in the company release to indicate that the company acknowledges that, or that it will do better in future. Far from it: I consider the share buy back another mistake from a management which does not see a clear path forward. Whether CEO's days are numbered remains to be seen, but even if he does get the old heave ho that will usher in anoher period of uncertainty under a new hand.

I shall be looking to reduce here, perhaps take my medecine and sell out completely.

Full marks to the sceptics. You were right.
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 13/2/2024 21:24 by the deacon
https://www.proactiveinvestors.co.uk/companies/news/1040747/ecora-resources-royalty-over-san-domingo-franked-by-fund-raise-broker-1040747.html"We see the 2% royalty Ecora holds on the Santo Domingo project as the most significant copper royalty within the portfolio," added Peel Hunt."At current copper prices, our estimates suggest that this royalty could generate over US$16m in income for Ecora, placing it as one of the group's more important income streams."On an unrisked basis, our DCF valuation of the project surpasses 35p/share, a significant amount, particularly when compared to Ecora's current share price of 85p."Buy with a target of 190p, is the broker's investment view.
Posted at 15/1/2024 17:53 by 1knocker
Yes, Que, when looking at the rear view mirror we all have 20:20 vision. We can see the performance over a year (some of us who are really on the ball can even calculate the total return!) for ourselves and do not need to be told.

The questions we are concerned with are where the ECOR share price goes next?, when?, and why? And will the div rise fall or remain the same? And if not ECOR, what royalty company should we be buying now? And if not any royalty company, what sector and what company in that sector?

Trickier, those questions.
Posted at 14/9/2023 22:30 by 1knocker
If you believe that the 'number 1 duty of the CEO is to look after the share price', it is probably time you bought a 'nutshell' guide to company law.

In any event, what (legitimate) tools do you imagine the CEO has at his disposal to enhance the share price?

Only the enhancement of the business and, to the extent of the authority given to the board, share repurchases. Unless the shares are substantially oversold, which on your analysis of the company's medium term prospects it appears that you do not think they are, the value of the company net of the repurchase price will fall in proportion to the number shares repurchased, with no increase in the share price and no benefit to the continuing shareholders. yYu had better buy a nutshell on share valuation too.
Posted at 20/7/2023 14:05 by 1knocker
The ECOR share price rewards patient buyers and cynical sellers.

Put in a low limit order to buy and forget about it. I added 10% to my holding at 111 in time for this dividend on a limit order I had in for months (and had reduced at least once).

When ECOR gets close to 200, say 180, put in a limit order to sell at about 180 to 190 !! History tells that you will get back in cheaper

If you look at the 10 year chart I think you will see the method in my madness.

Above all, when it looks as though it might break through 200 don't pile in on the basis that 'this time' its going to break decisively above 200 and hold its gains.

The pattern may change, but I shall need to see that change established for a significant period before I am tempted to revise my approach.
Posted at 13/7/2023 08:25 by cocopah
#LLB it doesn’t work on a total return basis either! I kept the shares after the rise to £1.80 (on the false premise that the BOD might buy an accretive royalty and this would bolster the share price) but I had the good sense to sell most of my shares (just above b/e) when the share price slid and it became obvious that the BOD couldn’t care less about the share price and the 7p (5.26%) divi I was receiving wasn’t going to budge and therefore the share price would likely keep falling (in hindsight I should have sold them all).

You can get way above 5% risk free now so the shares should fall further unless the BOD increases the dividend which the new guy seems reluctant to do. The rebasing of the divi to USD is just another negative for me. I used to like the income potential of this share but I don’t now.
Posted at 25/5/2023 23:18 by 1knocker
Humpty Dumpty asserted that words mean whatever he wanted them to mean - no more, no less. Qp applies that principle to umbers too, apparently!

Even more to the point, I think it more instructive to compare like with like, i.e. to compare the Ecor share price movement with the share price movements of other companies in the royalty sector, rather than miners. Moreover, the share price does not tell the full story. Some royalty companies pay substantial dividends, others small or none. It is the total returns which should be compared.
Ecora Resources share price data is direct from the London Stock Exchange

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