Share Name Share Symbol Market Type Share ISIN Share Description
Hummingbird LSE:HUM London Ordinary Share GB00B60BWY28 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 34.00p 33.00p 35.00p 34.00p 33.50p 34.00p 259,212 14:00:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -6.8 -2.9 - 116.96

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Date Time Title Posts
21/9/201706:43Hummingbird Resources1,803
27/4/201713:28Glenwick-
25/4/201702:42HUMMINGBIRD RESOURCES - multi asset gold company39
20/4/201710:08New Website1
02/3/201508:52Pleased to see great results from HUM today...-

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Trade Time Trade Price Trade Size Trade Value Trade Type
16:06:3934.002,500850.00O
15:19:5333.6014,9045,007.74O
14:34:5433.637,7652,610.98O
14:10:4934.385,0001,719.00O
14:09:3733.631,474495.63O
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Hummingbird (HUM) Top Chat Posts

DateSubject
25/9/2017
09:20
Hummingbird Daily Update: Hummingbird is listed in the Mining sector of the London Stock Exchange with ticker HUM. The last closing price for Hummingbird was 34p.
Hummingbird has a 4 week average price of 31.25p and a 12 week average price of 25.63p.
The 1 year high share price is 36.88p while the 1 year low share price is currently 16p.
There are currently 343,991,250 shares in issue and the average daily traded volume is 403,975 shares. The market capitalisation of Hummingbird is £116,957,025.
12/9/2017
08:55
rickyhatton: The numbers on hum so stack up. Share price has to rise, bar an adverse "event"
06/9/2017
12:55
ukgeorge: Sadly, almost always, feasibility studies under estimate costs. so being sceptical the $700 will likely be higher lets try $850 1300-850 x 107koz = $48M ownership is 85% so $41M Then there is greenfield exploration lets say $7.5M Then there is head office costs, lets say $2.5M Suddenly we are down $31M / 1.3 = £24M £24/351M shares suddenly down to 7p P/E ratio at 35p current price is suddenly 5 Lets try a bad scenario and throw a spanner in the works, the ore body doesn't live up to the model, recovery rates are impacted by high clay content and dilution with waste, costs shoot through the roof. They run out of capital and need to raise funds. There is an additional 200M shares issued to raise funds. The mine costs are $950 suddenly the free cash is down to £16M, but there are now 540M shares in issue... earnings per share are now 3p, suddenly 35p a share is a distant memory. This is why the share price is not higher. When we are in commercial production for a couple of quarters we can hope for a better valuation but until then we have to many unknowns.
01/9/2017
14:41
bishan bedi: I'd say the next big drivers in the share price will be the hitting (or not) of the cost of production and production targets. Everything else is likely recognised in the price at this time, I would have thought. They've done bloody well to get this far and still be on time and CAPEX budget, which bodes well. I'm guessing it'll be Q1 before we see for certain whether things are going well on the operation of the plant.
08/8/2017
13:24
ukgeorge: The nice thing about this breakout and reason it should continue is because there should be very few stale longs. This often holds back a price rise in shares as people who have been ubderwater sell into any rise. In the case of Hum the share price at 31p is the highest in 2 years. So anyone holding is likely in profit and as such should be happy. There is obviously still risk, so taking some profits is not completely irrational but as has often been discussed if HUM can continue to deliver on the schedule a reasonably higher share price can be expected as the whole project and company is de-risked.
16/6/2017
17:23
bookwormrobert: The recent annual report (see Hummingbird's website) is highly recommended reading. Here (again) is a key section from the annual report; it nicely summarises the case for this share. Trading Performance, Share Price & Value During the period Hummingbird's share price rose from 12.5p to 18p, and post period end achieved highs of up to 27p. We issued 236,288,781 new shares in return for US$76m. Based on this capital structure and looking forward to our first year of full scale production, this marks Hummingbird out as the standout gold developer trading in the public markets. It is trading on 1.26 times projected free cash flow for the first full year of production against an industry average which can range anywhere from 15-25 times. In the first full year of production, cash flow per share will be 20p. This assessment of Hummingbird's exceptional position in the market does not take our 4.2Moz Dugbe gold project in Liberia into account. Broker Cantor Fitzgerald has suggested that this project could offer significant further upside and add a further 14p in value. It is with this in mind that I firmly believe that Hummingbird is due a re-rating in the market as it evolves into a profitable mining company and delivers the significant free cash flow highlighted in our DFS.
12/6/2017
08:25
charles clore: gilotron - that article by Peter Arendas, written in October 2016 is very succincly summarised as follows: Summary Hummingbird's fully financed Yanfolila gold mine should get into production by the end of 2017. The bigger Dugbe mine could be up and running by 2020. The ongoing DFS should improve the economics of the Dugbe mine notably. The share markets should start to re-rate Hummingbird from an explorer to a producer in the second half of 2017. Hummingbird's share price has the potential to grow by more than 500% by 2020, even if the current gold price prevails. ...ends As far as I can everything is on track. A 5 bagger by 2020 sounds pretty good to me.
08/6/2017
09:17
mirabeau: Takeover or partial from ASO? : thanks to Stevie Blunder on the ASO thread and then today's Shares mag with a buy rec on ASO: 'Stevie Blunder 3 Jun '17 - 10:32 - 75 of 78 2 0 I had missed this interview with the CFO from 11 May https://www.brrmedia.co.uk/broadcasts/591422c1acf7373d40e38916/avesoro-resources-q1-2017-financial-results Worth a listen, he talks as if he is also speaking on behalf of Avesoro Holdings the vehicle which holds the Avesoro Resources shares for the Turkish owners. "considering ...options for consolidating further assets. Avesoro Holdings have mining assets that are outside of the public company at the moment and looking at possible options for adding some of that into the public company and more broadly looking at M&A options.... build ready targets where we can build our construction capability to bear.......... Currently across Avesoro Holdings production will be 250K oz and we are looking to grow that within the public company to around 500k oz within a couple of years......." It occurs to me that they might be talking to Hummingbird who have the Dugbe deposit in Liberia with a 4.2Moz resource and which is more or less build ready.' - Shares mag: Gold miner is fixed and ready to roar Avesoro Resources is starting to look really interesting after sorting out problems 08 June 2017 Issue: 08 Jun 2017 - Page 13 Gold miner Avesoro Resources (ASO:AIM) appears to have fixed its operational and financial pressures and now has an ambition to run a series of mines producing a combined 500,000 ounces of gold a year. Buy the shares before the broader market cottons on to the rebirth of the business and its growth potential. Remember Aureus mining? You may be more familiar with the stock under its previous name of Aureus Mining. The company enjoyed success with gold exploration and attracted widespread investor interest as it developed the New Liberty mine in Liberia. Unfortunately the company encountered financial and operational problems as it moved into the production phase. Setbacks ultimately damaged the share price. Turkish group MNG Gold pounced on the opportunity to invest at a low level and bailed out Aureus with a $30m investment in exchange for 55% of the company. A further $60m investment took MNG’s position to 76.6%. This financial injection helped the small cap to end an unfavourable agreement with a mining contractor, pay down a number of creditors and buy equipment. Significant equity dilution was the price long-standing shareholders had to pay to keep the business afloat. The company now has a heavyweight backer and chairman in the form of Mehmet Gunal, the founder of MNG Gold (now called Avesoro Holdings) and owner of Turkish infrastructure conglomerate MNG Group. The first of several deals? Avesoro is in talks to acquire two of MNG’s three gold mines, being Youga and Balogo in Burkina Faso. It also hopes to buy another ‘build-ready’ gold project in the next year or so. MNG already had plans to have a listed gold business, so using Avesoro as the quoted vehicle makes more sense given it is already on the stock market. Youga and Balogo are expected to produce between 100,000 and 110,000 ounces of gold this year. In contrast, New Liberty is forecast to produce 90,000 to 100,000 ounces in the same period. Share price catalysts Second quarter results in August may not be outstanding as the company is still making improvements to New Liberty. We’re told the third quarter results should show healthier cash flow. Investors may have to be patient as the broader market may want to see a few more quarters of solid production before turning positive on the stock. Avesoro is confident it can reduce operating costs below the original plan for New Liberty. A revised life of mine plan in late 2017 will enable analysts to update their financial models and hopefully put a much higher valuation on the business. (DC) Avesoro Resources (ASO:AIM) 2.7p Stop loss: 1.5p Market value: £143.8m
07/6/2017
16:44
bookwormrobert: I just thought it would be worth posting this key paragraph from the recent annual report: Trading Performance, Share Price & Value During the period Hummingbird's share price rose from 12.5p to 18p, and post period end achieved highs of up to 27p. We issued 236,288,781 new shares in return for US$76m. Based on this capital structure and looking forward to our first year of full scale production, this marks Hummingbird out as the standout gold developer trading in the public markets. It is trading on 1.26 times projected free cash flow for the first full year of production against an industry average which can range anywhere from 15-25 times. In the first full year of production, cash flow per share will be 20p. This assessment of Hummingbird's exceptional position in the market does not take our 4.2Moz Dugbe gold project in Liberia into account. Broker Cantor Fitzgerald has suggested that this project could offer significant further upside and add a further 14p in value. It is with this in mind that I firmly believe that Hummingbird is due a re-rating in the market as it evolves into a profitable mining company and delivers the significant free cash flow highlighted in our DFS.
25/4/2017
02:42
noirua: The loan book is a drag on the HUM share price as well as waiting to late 2017 for the first gold dore pour. There is a bottom reversal signal on the candlestick chart which is encouraging. HUM however has been reluctant to move out of the near 12 month sideways movement positively.
16/11/2016
20:09
bsharman3: Isn't it ironic that the HUM share price doesn't rise when the gold price rises but falls when the gold price falls..
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