West African Share Discussion Threads

[logans run] 11/7/2014 10:32

nice rise no bashers today hearing big things on HTIG if anybody is interested will rerate

[robrah] 10/7/2014 21:35

2 million sale what the .... eyes wide shut

[acta_topup] 10/7/2014 07:27

Lol - we are on to you Darren

[logans run] 10/7/2014 04:29

TADPOLE5 IS ACTA-TOPUP ONE WORD MOBILEWAVE

[logans run] 10/7/2014 04:26

IDIOT ACTA TRUMPET BRAINS

Meanwhile, shares in the precious metals miners followed the spot price of gold higher. Randgold Resources jumped 138p to £50.95 and Fresnillo advanced 8½ to 929p. Small-cap iron-ore miner West African Minerals added ½, or 12.9pc, to 4.375p, amid rehashed takeover speculation that brokers found unconvincing.


Market report: SSP poised for flotation
Shares in the fast food group are expected to debut tomorrow at 210p
Claim a free cup of coffee from Upper Crust each day this week
The company will debut with a near-£1bn market cap
ben martin


By Ben Martin

7:42PM BST 09 Jul 2014

CommentsComment

SSP, the business behind the Upper Crust and Caffe Ritazza food chains, will tomorrow make its debut as a listed company with a market value of just under £1bn.

Shares in the group, which is led by former WH Smith boss Kate Swann, have been priced at 210p apiece, according to market sources.

The stock was initially marketed to investors at 200-240p. The guidance was then narrowed to 210-230p and further refined to 210-215p late on Tuesday. The book was 5.5 times oversubscribed at the 210p level.

It is understood that the shares were priced towards the lower end of the range to ensure the stock performs well when it starts trading conditionally tomorrow. Private equity-owner EQT is expected to remain as a major shareholder. A spokesman for SSP declined to comment.

SSP is big enough to enter the FTSE 250, which endured another session of heavy losses yesterday to close down 102.85 points, or 0.7pc, at 15,549.63.
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The mid-cap index has been hurt by an ongoing shift in investor sentiment that has seen fund managers move into the large-caps at the expense of high-growth shares.

London's benchmark FTSE 100 suffered its third consecutive decline on Wednesday to close 20.41 lower at 6,718.04 – a 0.3pc loss – dragged down by weakness in the insurance sector.

The decline brought the index's slump since the start of the week to 2.2pc, with unexpectedly poor German industrial output data spooking the market on Monday, and nervousness about US corporate earnings pushing stocks lower a day later.

New turnaround targets unveiled by Aviva at its capital markets day met with a lukewarm reception that caused its shares to slide 18.6 to 493.9p, the heaviest blue-chip fall.

The insurer said it planned to double annual excess cash flow to £800m by the end of 2016 and cut its operating expense ratio to less than 50pc, from 54pc. However, Eamonn Flanagan, an analyst at Shore Capital, told investors the objectives did not go far enough: "These are good targets but we do not see them as overly challenging, in the sense that Prudential's have been in the past few years."

Admiral was down 52p at £15.22 after warning that it does not see "firm" signs of growth in motor insurance premiums and that margins will be lower this year. That prompted Canaccord Genuity analysts to cut their recommendation on the shares to "sell". They said: "The cautious outlook for margins beyond 2014 underlines the difficulty in improving margins even as pricing stabilises."

Fellow car insurers fell in sympathy, with esure losing 4.9 to 270p and Direct Line shedding 2.1 to 275p in the FTSE 250.

Marks & Spencer, 9.4 cheaper at 418p, fell for a second session after disappointing with quarterly numbers a day earlier. On the back of Tuesday's update from the retailer, analysts at Citigroup cut their target price to 440p, from 465p, a downgrade that contributed to yesterday's decline.

Bargain hunters came back in for the airlines, which fell sharply on Tuesday following a profit warning from peer Air France-KLM. Low-cost carrier easyJet rallied 39p to £12.87, making it the single biggest FTSE 100 riser, and British Airways-owner International Airlines Group bounced 4.1 to 340p.

A number of internet-focused stocks that had been penalised on Tuesday amid the wider sell-off also found support. Just Eat gained 9.4 to 249p, while Ocado put on 6 to 396.7p. The latter was helped by Bank of America Merrill Lynch, which resumed coverage of the shares with an enthusiastic "buy" rating.

"Ocado is uniquely positioned to leverage the significant potential for global online grocery, in our view," analysts at the broker said.

"A leading customer offer, enabled by an impressive platform, places it well for outperformance in the UK and substantial monetisation overseas."

They expect the shares to run as high as 540p, a price target that was 36pc higher than tonight's close.

Similarly, broker research was behind Rentokil Initial's gain of 3 to 115.6p.

Ahead of half-year results next month, Credit Suisse analysts upgraded the company to "outperform" and told clients that "Rentokil is changing".

"Cash conversion is rising, peripheral assets have been sold, pest control is becoming a bigger and clearer part of the portfolio and M&A should enhance that process," the analysts said.

A push from Citi lifted Ophir Energy as high as 216.7p, before the explorer weakened with the wider market and closed off 0.1 at 212p.

The share price has been knocked in recent years by a lack of exploration success. However, analysts at the broker reckoned that "we have reached a point where the risk-reward around the Tanzania and Equatorial Guinea assets looks attractive". They started their coverage of the shares with a "buy" rating.

Elsewhere among the analyst-driven moves, a downgrade to hold at Berenberg knocked Provident Financial 43p to £21.56.

Meanwhile, shares in the precious metals miners followed the spot price of gold higher. Randgold Resources jumped 138p to £50.95 and Fresnillo advanced 8½ to 929p. Small-cap iron-ore miner West African Minerals added ½, or 12.9pc, to 4.375p, amid rehashed takeover speculation that brokers found unconvincing.

Finally, Roxi Petroleum experienced the sort of share price surge only enjoyed by minnows on Aim. The Kazakhstan-focused energy explorer more than doubled in value, climbing 4¼ to 8¼p, after announcing that "oil and gas have been detected" at its A5 well in the BNG Contract Area, of which it owns 58.41pc.

Clive Carver, Roxi's chairman, said the group was "delighted" with the find. So too was the army of private punters who follow the stock. Such was the interest that more than 57m shares were traded pn Wednesday

[acta_topup] 10/7/2014 00:14

This guy needs to be taken down once and for all. He makes up takeovers and discoveries that he publishes on fake "news" websites. He impersonates CEO's and writes fake emails in their names. He has even created fake RNS's.

He is an absolutely shameless liar who will stop at nothing to pump and dump illiquid smallcaps day in day out.

[robrah] 09/7/2014 18:06

Cant understand how clown here can even dream of comparing sundance .Sundance can do a 10 year of dso only @30 mtpa. 30 mt is what wafm can only speak of No matter how much this gets ramped. This is a dud .

[oldvic] 09/7/2014 16:03

WAFM has 3% of the mineral resource, so market cap should be £3.6m.

Never mind, West Africa Forgives Millionaires.





[...]

WAFM estimated it will have cash of about US$3mln at the end of 2013.

sammy_smith 11 Oct'13 - 09:21 - 794 of 1099 0 0

LISTEN: West African Minerals #WAFM - Maiden mineral resource estimate + drilling update

Click the link below to listen


Steve243 11 Oct'13 - 12:47 - 795 of 1099 0 0

Good to hear Brad explaining his thoughts on the results - broker notes on this were not too bad from share price Angel's John Mayer "This is a good technical result from the drilling campaign and proves the presence of iron ore in targets shown through aeromagnetic and other remote sensing." I think there is more to come.

addict 14 Oct'13 - 09:26 - 796 of 1099 0 0

Good to go north from here.Fall well overdone IMO.

kristini2 14 Oct'13 - 11:40 - 797 of 1099 0 0

addict, what happened to those stunning results you were expecting ?

addict 14 Oct'13 - 12:03 - 798 of 1099 0 0

The honesty of the board is commendable.THere's plenty to go for here.Let's see how the next updates stack up.Have been adding at these levels.Dyor



looks like I was right

ish

lucky_punter 31 Oct'13 - 11:11 - 801 of 1099 0 0

West African Minerals shares advance on South Djadom resource upgrade
By Jamie Ashcroft

West African Minerals (LON:WAFM) shares advanced 11% in early deals Thursday after it unveiled an upgrade to the iron resources for Block 2 at the South Djadom project in Cameroon.
Block 2 is now estimated to contain 35.4mln tonnes at 29.5% iron, which includes a higher grade portion comprising 2.6mln tonnes at 37.4% iron.




Noirua 31 Oct'13 - 13:44 - 802 of 1099 0 0

Sorry guys, but this doesn't even come up to Afferro's N'tem resource near the new port. Grade at 29.5% is not really that much above the 25% floor. Maybe they'll do better but 32%Fe is really a floor basis in this market and close to 62% is really needed.



jon389 1 Nov'13 - 09:27 - 804 of 1099 1 0

Well the market does not agree Noir and with a broker target of 90p odd we are on to a winner here in my opinion. Not too late mate to get on board

[allotment] 09/7/2014 14:45

apfindley for every buy there is a seller

Certainly this ice cream seller thinks there is some value there as he now has got over 13%



Worth a buy and hold strategy in the dips at these levels as at least there is some DSO there even if not the amount that was originally hoped for...

Good to see the usual amount of baying rubbish on ADVFN boards pumping it either down or up with no real knowledge

Music clue number 77..........Just one cornetto

[apfindley] 09/7/2014 14:20

I see a 1,000,000 delayed sell was slipped in there nicely.!!Thats how theyve managed to supply the shares youve been buying. They didnt report the sale until mug punters had mopped it up.Classic dumping

[apfindley] 09/7/2014 14:08

Oh and dropping like a stone now i see....

[apfindley] 09/7/2014 14:08

Unsustainable rise on nothingSmall group of ppl bang a few orders in to run the mm's short of shares. Then go on boards saying theres news or takeover or whatever carp they decide to invent.They when the mug punters join in the debacle, the pumpers turn to dumpers of stock and leave the mugs holding worthless shares which they can only then sell at a loss in very small quantities, if they can even get a sell price.See it all beforeAnd no im not going to waste my time even doing your calculations for you.When will they be producing these revenues?When will they be mining their commodity?How much to get it all operational?How much cash do they currently have?Answer is its a long long long way off. Not yet developed. No mine. And not a great deal of cash to even get it moving.That definately doesnt translate as 70p a share does it.!!!!

[okenia] 09/7/2014 13:58

I fear you're right. I'll step back.

[logans run] 09/7/2014 13:51

leave them too it they love the attention

[logans run] 09/7/2014 13:44

suddenly they all appear oh dear oh dear call in the reserves the stocks rising on heavy volume buying 4v1,sitting on a prime location and everybody around them is being taken over.UP WE GO

[apfindley] 09/7/2014 13:41

This is a lot of very very highly speculative calculating going on today.With no timescale or any other factors put into the CalculationsHighly speculativeHighly misleadingPUMP and DUMP in progressMug punters will get rinsed again on this one.!!

[acta_topup] 09/7/2014 13:41

Caught in the act! Police!!!

[okenia] 09/7/2014 13:41

I'm guessing I'm not going to be getting any sensible, informed and evidence-backed comments today then!

back to my hole with my Casio calculator.

[logans run] 09/7/2014 13:38

here,s the gang right on cue multiple user LOVERAT/21TRADER/ACTA-TOP-UP

[acta_topup] 09/7/2014 13:37

Isn't that right Darren? Impersonated any CEO'S recently? LOL

[acta_topup] 09/7/2014 13:36

This is a nicely orchestrated pump and dump by SpikeyDT and crew. Look him up