Anglo Pacific Group (APF)

Sector:

Mining

192.00p
   
  • Change Today:
      5.00p
  • 52 Week High: 228.00p
  • 52 Week Low: 135.00p
  • Currency: UK Pounds
  • Shares Issued: 181.38m
  • Volume: 196,262
  • Market Cap: £348.25m
  • RiskGrade: 166
  • Beta: 0.65

Anglo Pacific's shares fall as it warns on Kestrel royalty

By Andrew Schonberg

Date: Friday 10 Jun 2016

LONDON (ShareCast) - (ShareCast News) - Shares in Anglo Pacific Group were down almost 7% as the company warned the royalty from its Kestrel underground mine in Australia will be lower than expected.
Anglo owns a slice in certain of the Kestrel project's land areas. The project is operated by mining titan Rio Tinto, which means the company only receives royalties when mining is being undertaken on those specific areas.

It said Rio Tinto had indicated mining within the group's private royalty lands in first-half 2016 would be about 20-25%, from a previously guided range of 30-35%.

At 12:36 BST, Anglo's shares were down 6.44% to 83.5p each.

London- and Toronto-quoted Anglo said it understood this was due to the delayed commencement of mining of longwall panel 404, which was largely within the group's private royalty area.

Mining of the longwall panel 404 was now seen beginning at the start of second-half 2016.

"We expect mining within the group's private-royalty land will be approximately 85-90% in second-half 2016 resulting in significantly higher volumes than first-half 2016," the company said.

Anglo continued to expect that total mining within its private-royalty land in 2016 would be approximately 60-65%, as previously guided.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

APF Market Data

Currency UK Pounds
Share Price 192.00p
Change Today 5.00p
% Change 2.67 %
52 Week High 228.00p
52 Week Low 135.00p
Volume 196,262
Shares Issued 181.38m
Market Cap £348.25m
Beta 0.65
RiskGrade 166

APF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
61.84% above the market average61.84% above the market average61.84% above the market average61.84% above the market average61.84% above the market average
69.49% below the sector average69.49% below the sector average69.49% below the sector average69.49% below the sector average69.49% below the sector average
Price Trend
46.36% above the market average46.36% above the market average46.36% above the market average46.36% above the market average46.36% above the market average
48.39% above the sector average48.39% above the sector average48.39% above the sector average48.39% above the sector average48.39% above the sector average
Income
70.14% above the market average70.14% above the market average70.14% above the market average70.14% above the market average70.14% above the market average
72.73% above the sector average72.73% above the sector average72.73% above the sector average72.73% above the sector average72.73% above the sector average
Growth
92.54% above the market average92.54% above the market average92.54% above the market average92.54% above the market average92.54% above the market average
83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

APF Dividends

  Latest Previous
  Q3 Q2
Ex-Div 02-Jan-20 03-Oct-19
Paid 13-Feb-20 14-Nov-19
Amount 1.62p 1.62p

Trades for 13-Dec-2019

Time Volume / Share Price
16:35 5,000 @ 192.00p
16:35 20,234 @ 192.00p
16:29 248 @ 192.50p
16:29 17 @ 190.50p
16:29 18 @ 190.50p

APF Key Personnel

CEO Julian Treger

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