Anglo Pacific Group (APF)

Sector:

Mining

 124.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 160.00
  • 52 Week Low: 99.80
  • Currency: UK Pounds
  • Shares Issued: 213.48m
  • Volume: 354,116
  • Market Cap: £264.72m
  • RiskGrade: 197

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 124.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 160.00
52 Week Low 99.80
Volume 354,116
Shares Issued 213.48m
Market Cap £264.72m
RiskGrade 197

APF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.95% above the market average96.95% above the market average96.95% above the market average96.95% above the market average96.95% above the market average
36.21% above the sector average36.21% above the sector average36.21% above the sector average36.21% above the sector average36.21% above the sector average
Price Trend
63.12% below the market average63.12% below the market average63.12% below the market average63.12% below the market average63.12% below the market average
17.56% below the sector average17.56% below the sector average17.56% below the sector average17.56% below the sector average17.56% below the sector average
Income
95.12% above the market average95.12% above the market average95.12% above the market average95.12% above the market average95.12% above the market average
36.36% above the sector average36.36% above the sector average36.36% above the sector average36.36% above the sector average36.36% above the sector average
Growth
41.04% below the market average41.04% below the market average41.04% below the market average41.04% below the market average41.04% below the market average
87.1% below the sector average87.1% below the sector average87.1% below the sector average87.1% below the sector average87.1% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 4
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
  Q1 Final
Ex-Div 07-Oct-21 08-Jul-21
Paid 10-Nov-21 18-Aug-21
Amount 1.75p 3.75p

Trades for 24-Sep-2021

Time Volume / Share Price
16:35 47,190 @ 124.00p
16:29 306 @ 124.20p
16:29 308 @ 124.20p
16:29 256 @ 124.20p
16:28 1,250 @ 124.40p

APF Key Personnel

CEO Julian Treger
CFO Kevin Flynn

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