Thursday broker round-up UPDATE
6th Nov 2014 10:01
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
Read morePremier Oil awards engineering and design contract to AMEC
11th Jul 2014 10:15
Premier Oil, which operates in the North Falkland Basin, has awarded an engineering and design contract to oil services group AMEC. Rockhopper, which owns a 40% interest in the Sea Lion field, part of the Falkland Basin, said the front end engineering and design (FEED) contract to AMEC, was made as
Read moreWednesday broker round-up UPDATE
28th May 2014 09:57
Accesso Technology Group: Numis initiates with a target price of 690p and a buy recommendation. Alternative Networks: Westhouse Securities upgrades from add to buy with a target price of 540p. Astra Zeneca: Deutsche Bank raises target price from 3800p to 3950p and keeps a hold recommendation. AVE
Read moreRockhopper acquires Mediterranean Oil & Gas
27th May 2014 14:40
Falkland Island-focused oil explorer Rockhopper Exploration has agreed to acquire AIM peer Mediterranean Oil & Gas (MOG) in a 29.3m-pound cash and shares offer. Rockhopper has offered MOG shareholders 6.5p per share, of which three-quarters is in cash and the remainder represented by an offer of 0
Read moreSector movers: Oil stocks rise as Shell, Tullow and Heritage gain
30th Apr 2014 15:19
Upbeat first-quarter results from heavyweights Shell and Tullow gave the UK oil and gas sector a shot in the arm on Tuesday, along with a takeover offer for Heritage Oil. First-quarter earnings were down 3% at Royal Dutch Shell, but well ahead of consensus estimates. Excluding large impairments o
Read moreRockhopper eyeing milestones at Sea Lion project this year
4th Apr 2014 08:12
Rockhopper Exploration, the North Falkland Basin oil and gas group, said that it expects its core Sea Lion project to face a number of key development milestones in 2014. Phase one of the Sea Lion Development is expected to recover 293m barrels of oil, with anticipated gross peak production rates a
Read moreWednesday broker round-up UPDATE
12th Mar 2014 09:03
Ashtead Group: Citi raises target price from 850p to 1075p keeping a buy recommendation. Barratt Developments: Goldman Sachs reduces target price from 527p to 502p and downgrades to neutral. British Land: Jefferies downgrades to hold with a target price of 707p. Brooks Macdonald Group: Canaccord
Read moreSunday share tips: Vodafone, Rockhopper, TyraTech
9th Feb 2014 12:46
Hold on to shares of Vodafone once the sale of its stake in Verizon is completed, the Sunday Telegraph's Questor column said. Vodafone will pay 104p a share to shareholders from the proceeds of the sale. After that, Vodafone is a potential takeover target for AT&T and other North American buyers. Th
Read moreRockhopper sees Sea Lion producing 293m barrels over 25 years
6th Feb 2014 10:35
Falklands-focused oil and gas exploration group Rockhopper disclosed that the first phase of its Sea Lion development was expected to recover 293m barrels of oil over 25 years. The announcement came ahead of the update which Premier Oil was scheduled to give at a Capital Markets Day. As per the T
Read moreWednesday broker round-up UPDATE
5th Feb 2014 09:04
Afren: Westhouse Securities ups target price from 165p to 180p retaining a buy recommendation. Amlin: Nomura lowers target price from 467p to 442p maintaining a neutral rating. ARM Holdings: Jefferies reduces target price from 1300p to 1140p, while keeping a buy recommendation. Deutsche Bank cuts
Read moreSunday share tips: Royal Mail, N Brown, Revolymer
19th Jan 2014 16:53
The public's conversion to online Christmas shopping is likely to have served Royal Mail well, the Sunday Times's Danny Fortson wrote. Fortson, in his Inside the City column, said sales growth at online fashion retailer Asos showed the potential size of the market for online shopping. Royal Mail pub
Read moreThursday broker round-up UPDATE
19th Dec 2013 08:27
AstraZeneca: Alphavalue lowers target price from 3169p to 3087.7p and downgrades from reduce to sell. British American Tabacco: Panmure Gordon reduces target price from 3800p to 3200p and downgrades from buy to hold. Britvic: Investec ups target price from 600p to 672p and maintains a hold recomme
Read moreRockhopper will not return cash until Sea Lion costs are clearer
19th Dec 2013 08:07
Falkland Islands oil & gas group Rockhopper Exploration announced progress in developing its Sea Lion field and a tax deal with the islands' government as it posted lower half-year losses. But the group, which has investor approval to buy back a tenth of its shares, said it would not be able to con
Read moreMonday broker round-up UPDATE
14th Oct 2013 08:46
Admiral Group: JP Morgan cuts target price from 1122p to 1022p maintaining an underweight rating. Balfour Beatty: Numis increases target price from 285p to 315p and stays with its add rating. Bankers Petroleum: Goldman Sachs takes target price from 365p to 379p and reiterates a buy recommendation.
Read moreJohn Laing Chairman subscribes for shares in firm's largest ever raising
9th Oct 2013 16:20
John Laing Infrastructure Fund (JLIF) announced that two of its directors, Chairman Paul Lester and fellow board member Chris Spencer, had each subscribed for 20,000 newly issued shares in the group as part of its largest ever raising of new equity. The shares were priced at 111p, costing each of
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