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ELX El Oro Ltd

0.00 (0.0%)
01 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
El Oro Ltd ELX London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.0% 65.00 00:00:00
Open Price Low Price High Price Close Price Previous Close
65.00 65.00
more quote information »

El Oro ELX Dividends History

No dividends issued between 03 Dec 2013 and 03 Dec 2023

Top Dividend Posts

Top Posts
Posted at 30/10/2017 10:28 by ntv
they need to sell off all their holdings and return the cash to shareholders
awful performance but least the dividend is ok
increasing the dividend by say 50% might have encourage the gap to close but that was never going to happen
Posted at 23/4/2017 17:33 by ntv
the discount is technically larger than stated as they quote a mid price of 62.5p
yet for months the spread is 60-70p . should valued at bid imho
also not sure if nett assets are quoted at bid prices or mid prices.
the investment in art work appeared in the last accounts with no explanation of where it was purchased from or why it was bought yet they are supposed to be winding it down and art work is a long term investment.!!
i only have have a few share and it is not worth buying anymore unless the discount opens to say 50% or more because of the spread.
they could increase the dividend greatly as they are winding down and also leave the chance of a specialised fund taking it over as the deadline approaches
buying in now could give a good annualised return but will get better as we approach nov 18
Posted at 21/9/2016 11:23 by ntv
winding up is pushing share price closer to net asset value.
i wonder if they will ditch the dividend this year?
more news in results i guess along with winding up so regular lumps sums to come over the next year hopefully
i never understand why they issued RNS after hours either
Posted at 08/6/2011 08:02 by james dean
Just to update the thread:


Admission to Trading in London | Announced - 6 June 2011

El Oro Ltd ("El Oro" or the "Company") announces it has been admitted to trading on the Stock Exchange Electronic Trading System - quotes and crosses ("SETSqx") of the London Stock Exchange. SETSqx will allow the Company's securities to be viewed by the London investment community.

The admission to trading on SETSqx does not affect the listing of all of the Company's shares on the Channel Islands Stock Exchange.

The ticker for El Oro is ELX.

El Oro is a collective investment vehicle which holds discrete portfolios which are segmented and managed along different investment styles. The UK portfolio focuses on mature sectors with higher yields and the Guernsey portfolio holds stocks selected in pursuit of growth.

El Oro was formed from the restructuring of the El Oro Mining and Exploration Company plc to allow El Oro Ltd to be subject to a tax regime that puts it on a par with other investment vehicles such as unit and investment trusts.

Robin Parish, Chairman of El Oro, commented, "I am delighted that the London investment community will now be aware of El Oro, as the Channel Islands investment community continues to be."

For further information, please contact:
El Oro Ltd
Robin Woodbine Parish, Chairman
Steven McKeane
Tel: 020 7581 2782

Dexion Capital (Guernsey) Limited
Gillian Newton
Tel: 01481 732814

finnCap Limited
Matthew Robinson (Corporate Finance)
Ben Thompson (Corporate Finance)
Tel: 020 7600 1658


Posted at 31/10/2008 15:30 by washbrook
It is a pity there is such a big spread on this stock.
Most of the shares are tightly held.
There are 12 holders and the total comes to more than 100%
Must be a few duplicate shareholdings.

The report in the Investors Chronicle today puts the shares on FAIRLY 330p
The net asset value per share is 693p a discount of 52%
a dividend yield of 4.2%.
In the portfolio last year they had some good investments.
On there web site does not show the Information for the current year.
I have held the stock on many occasions when they were split into two companies.
When they merged the official can't rember who it was stated the merger would narrow the spread.
Well it hasn't.
Posted at 31/3/2008 12:08 by zeppo
' assets at fair value were £81,588,816 equal
to 757p per stock unit, (31 December 2006: £77,167,354 equal to 712p per stock

Only one divi paid each year in the autumn.

They should be able to raise it yet again?

Usually a modest divi increase.

Posted at 24/9/2007 08:30 by washbrook
RNS Number:0821U
El Oro And Exploration Co Plc
30 March 2007



Results for the period ended 31 December 2006

The Group profit before tax for the six months to 31 December 2006 was
#3,049,025 (six months to 31 December 2005: #7,180,828). Group net assets at 31
December 2006 under IFRS, taking all assets at fair value were #77,167,354 equal
to 712p per stock unit, (31 December 2005: #65,517,760 equal to 605p per stock

El Oro's team of heavy hitters, has been boosted by the bane of Mr. Flintoff,
and increased its score with the takeover of Hardys and Hanson by Greene King,
assisted by the ever-increasing value of other Brewery holdings, such as Adnams,
Fuller, Smith and Turner and Young's.

The middle-order batsmen have been piling on the runs in the Property sector,
with notable increases in the asset values of Daejan, Mountview and McKay
Securities. MP Evans have also thrived with their transition from Malaysia to
Indonesian Palm Oil production, whilst James Halstead continue to demonstrate
their flawless ability to produce non-slip results.

Hard on their heels and not to be outdone, Egdon have flourished with its
gas-storage project in the Isle of Wight. Amongst the precious metals, Troy's
reinforced team have expanded their reserves both in Brazil and Canada, and are
beginning to achieve belated recognition in the market. Hunting have soared
beyond the expectations of many, whilst the platinum producers and explorers
continue to flourish, upheld by a rising price due to catalytic converter and
fuel-cell demand.

The seemingly-insatiable demand from China and India for both metals and energy
has underpinned most metal prices, with stratospheric levels now reached in
nickel, and uranium, whilst copper continues to rise after a brief fall in
recent months. Within the last week, Lionore, in which in its earlier guise as
Francistown Mining and Exploration, El Oro was a founder shareholder, has agreed
a takeover by Xstrata. This has precipitated further advances in the nickel
sector, where the folly of Western Mining's dispersal of its nickel interests in
the Kambalda region has been the bounty of companies such as Mincor, Mirabella
and Minara. Adding Iron Ore, Molybdenum and Natural Gas, it is little wonder
that Perth property prices are now amongst the highest in Australia. Where
Australians are not discovering new riches beneath their bountiful land, they
are developing assets overseas. We were privileged to visit Albidon's nickel
mine in Zambia, and International Ferro Metals' Chrome project in South Africa.
We hold high expectations for both, despite South Africa's determination to
increase turnover of Porsche Cayenne Turbos amongst Black Empowerment partners.

In the longer term, and as already criticised by Mr. de Klerk, the selection of
personnel on racial, and in particular, black, criteria, can only damage a
sophisticated economy such as South Africa's. This is exacerbated by increasing
corruption, incompetence and anti-business sentiment, alongside the ever-present
violence, which makes us fearful for the future in that beautiful country,
particularly given its support for the wanton and tragic destruction of its
neighbour to the North. Sadly, however tempting the assets, we see little hope
of anything other than venality persisting in Zimbabwe. Ian Smith's hope,
expressed to us recently to 'see that brigand driven out' may be accomplished,
but the return of the halcyon days as the Jewel in the Crown of Africa are
perhaps gone for ever.

On the home front, the dismal days of this dreadful government draw slowly to a
close, with tax reimposed on the lowest level of earnings; newly-qualified
doctors denied jobs by a selection system of unbelievable stupidity totally
unsuited to the calibre and qualifications of the applicant; a dental system in
decay; an Hogarthian desire for Casinos bordering on depravity; the plaintiff
cries of cows culled by Death-dealing Defra for paper-work discrepancies
ringing in the ears of their uncompensated owners; the ongoing payments fiasco
at that same department preceding the promotion of its perpetrator onto the
world stage, where our sailors are seized and the means of redress has probably
been reduced beyond repair; an education system, where money has been poured
into the morass of the lowest 20%, whilst the leading academic institutions are
starved of resources, and the need for intellectual capital becomes, against
competition from China and India, ever more acute; the disgraceful and
disastrous starving of resources for the defence sector; the theft from the
Lottery of funds earmarked for Sport to finance the ever-escalating cost of the
Olympics; and the relentless extension of the State across ever greater areas of
society and employment, into every nook and cranny of human and spiritual
existence, typified, on the mundane level by the sprouting of congestion charge
cameras on their lofty poles, in the Brompton Road.

In the face of this accumulating crisis, the leaders of the opposition float
ever upwards in their beautiful balloon, on a diet of Juniper berries:" the
world's a nicer place in my beautiful balloon, it wears a nicer face in my
beautiful balloon, we'll search the clouds for a star to guide us": their
assault on the every-day expectations of ordinary citizens to fly to their own
holidays or homes, on deeply dubious environmental grounds, whilst continuing to
rule out tax or spending cuts, leaves little hope for any change of substance
from the tidal wave of expenditure, tax and regulation suffered for the past 10


The gloom outlined above is as nothing to the Sub-Prime crisis engulfing the
United States housing market, which has every possibility of spreading to the
Prime market itself. Indications that the French housing market is also
beginning to suffer, and that Spain is seriously over-valued, are matched by
remarks made by an increasing number that the UK Commercial property market is
now in 'a bubble' fuelled by vast inflows from the Pension and Hedge Fund
sectors. The trend of rising interest rates would not yet appear to have abated
in the United Kingdom, and supposedly not in the United States. There are also
indications that both the United States dollar as always, and the British pound
sterling are overvalued and destined for significant and disturbing corrections.

At the same time, inflation is on an upwards trajectory: these factors, when
taken together cause a degree of caution when looking beyond the immediate flood
of funds fuelling takeovers for such venerable institutions as Sainsbury's and
Alliance Boots, not to mention Altadis and numerous other approaches occurring
in world markets.

We will therefore continue to keep our gold exposure, which appears on a rising
trend. Our other metals, whilst subject to squalls from the Chinese/Indian
economies and their progress will in coming years boost our portfolio which
remains underpinned by those stalwarts mentioned earlier. Whilst realised
profit will be subject to the happenstance of corporate activity and takeover,
our goal remains raising the asset value per share.

After 6 months on the AIM market, we have now said farewell, to Chris Burman,
and welcome Steven McKeane from Scotland via Sydney, as his highly competent
successor. We also regrettably, have lost Rosanna to the hallowed environs of
Oxford, but greet Vicky Clutterbuck stepping nimbly into her shoes; all assisted
cheerfully and authoritatively by Abbie. I would like to thank them and my
fellow directors for their continued support and wise advice, along with that of
our advisers, brokers and colleagues.

Robin Woodbine Parish
30 March 2007



for the six months ended 31 December six months to six months to
31 December 2006 31 December 2005
# #
Revenue 6,978,291 9,249,151
Movement in fair value through the income statement investments (240,578) 173,611
Movement in fair value of investment properties 41,139 (8,313)
Impairment loss on available for sale investments (2,174,506) (1,019,105)
Expenses (909,295) (817,660)

Profit before finance costs and taxation 3,695,051 7,577,684

Finance costs:

Banks 646,026 397,297

Other - (441)
646,026 396,856
Profit before taxation 3,049,025 7,180,828
Taxation 870,816 2,132,403
Profit for the period 2,178,209 5,048,425

Earnings per stock unit (basic and diluted) 20.10p 42.35p


for the six months ended 31 December six months to six months to
31 December 2006 31 December 2005
# #
Profit for the period 2,178,209 5,048,425
Revaluation of available for sale investments during the period 9,835,193 13,943,864
Deferred tax on revaluation of available for sale investments during (2,950,558) (4,183,159)
the period

Total recognised income and expense for the period 9,062,844 14,809,130


As at 31 December
31 December 2006 31 December 2005
Assets # #
Non-current assets
Property, plant and equipment 734,895 758,338
Investment properties 444,933 496,688
1,179,828 1,255,026
Current assets
Trade and other receivables 191,408 327,007
Financial assets:

Available for sale investments 116,492,915 95,435,013
Financial assets - fair valued through the income statement:

Commodities 2,146,315 1,236,774
Cash and cash equivalents 236,565 202,043
119,067,203 97,200,837
Current liabilities
Financial liabilities:

Borrowings 23,564,269 15,971,052
Trade and other payables 422,470 896,144
Current tax liabilities 1,211,438 7,498,377
25,198,177 24,365,573
Net current assets 93,869,026 72,835,264
Non-current liabilities
Deferred taxation 17,881,500 8,572,530
Net assets 77,167,354 65,517,760
Stockholders' equity
Ordinary stock units 539,210 541,785
Share premium 6,017 6,017
Capital redemption reserve 347,018 344,442
Merger reserve 3,564 3,564
Other reserves 42,653,699 33,700,049
Retained earnings reserve 33,617,846 30,921,903
Total equity 77,167,354 65,517,760

for the six months ended 31 December six months to six months to
31 December 2006 31 December 2005
# #

Cash flow from operating activities 569,923 (314,289)
Income taxes paid (503,787) (1,160,796)
66,136 (1,475,085)

Cash flow from investing activities (271,780) (300,092)
Cash flow from financing activities (1,922,508) (1,443,638)
Net decrease in cash and cash equivalents (2,128,152) (3,218,815)
Cash and cash equivalents at 30 June (20,648,219) (12,322,091)
Effect of foreign exchange rate changes (259,132) 98,789
Cash and cash equivalents at 31 December (23,035,503) (15,442,117)



The Unaudited Consolidated Interim Financial Information ("Financial Information
") for the six months ended 31 December 2006 does not constitute statutory
accounts within the meaning of section 240 of the Companies Act 1985. The
Financial Information has been prepared using accounting policies and principles
consistent with those applied in the preparation of the audited accounts of El
Oro and Exploration Company plc for the 18 month period ended 30 June 2006. No
changes were made to those policies in the preparation of this Financial
Information. The Directors have elected not to adopt IFRS 7 "Financial
Instruments: Disclosure" or IFRS 8 "Operating Segments" early.

There was a first and final dividend of 12 pence paid on 26 October 2006 in
relation to the 18 month period ended 30 June 2006.

The Financial Information was approved by a Committee of the Board of Directors
on 30 March 2007. The Financial Information has not been subject to review or
audit by the Group's auditors.

REVENUE six months to six months to
(Unaudited) 31 December 2006 31 December 2005
for the six months ended 31 December # #

Dividends from listed available for sale investments 1,006,036 1,008,757
Dividends from unlisted available for sale investments 146,775 120,983
Net loss on fair value through the income statement investments (80,828) (307,437)
Net profit on available for sale investments realised 5,993,499 8,494,584
Currency translation losses (110,619) (109,352)
Other income 23,428 41,616

6,978,291 9,249,151


Share premium Capital Merger Other Retained
redemption earnings

At 1 July 2006 6,017 344,442 3,564 38,069,136 33,005,519
Purchase and cancellation of own shares 2,576 (271,780)
Movement in period in values of AFS 9,835,193
Tax provided on above (2,950,558)
Fair value of AFS investments recycled to (3,285,817)
income statement
Tax relief on above 985,745
Profit for the period 2,178,209
Dividends paid (1,294,102)

At 31 December 2006 6,017 347,018 3,564 42,653,699 33,617,846

RESERVES Share premium Capital Merger Other Retained
redemption earnings

At 1 July 2005 6,017 343,792 3,564 27,764,808 25,938,357
Purchase and cancellation of own shares 650 (64,879)
Movement in period in values of AFS 13,943,864
Tax provided on above (4,183,159)
Fair value of AFS investments recycled to (5,464,948)
income statement
Tax relief on above 1,639,484
Profit for the period 5,048,425
Dividends paid -

At 31 December 2005 6,017 344,442 3,564 33,700,049 30,921,903

AIM NOMAD - Grant Thornton Corporate Finance
Philip Secrett
Telephone: 0870 991 2578

This information is provided by RNS
The company news service from the London Stock Exchange


Posted at 01/5/2006 10:11 by zeppo

Phil, who does the ISAs, refers to it as 'the brokers' Investment Trust.
ELX appear to liaise/deal with 'the brokers' quite a lot.

It includes many of the stocks that are familiar to us plus precious metals, mining and oil stocks.


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