Rockhopper 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
Read moreFalkland O&G to merge with Desire Petroleum
3rd Oct 2013 08:07
Shares in AIM-listed oil and gas firm Desire Petroleum soared on Thursday morning after the announcement that it would be merging with larger peer Falkland Oil & Gas (FOGL) in an effort to diversify the activities of the two companies. The news comes on the same day the companies signed an agreeme
Read moreFriday broker round-up UPDATE
23rd Aug 2013 08:04
Afren: Canaccord Genuity cuts target price from 220p to 190p, while leaving its buy recommendation unaltered. AVEVA Group: Liberum Capital initiates with a target price of 2350p and a hold recommendation. Carillion: Numis reduces target price from 350p to 315p, while its hold recommendation remain
Read moreRockhopper Exploration's full-year results hit by Falkland tax
22nd Aug 2013 13:22
Rockhopper Exploration's shares plunged after saying it had widened its annual loss to 75m dollars from last year's 53.7m dollars, reflecting a 122m dollar tax bill from the Falkland Islands government. The oil explorer's posted a loss per share of $26.47 for the year ended March 31st, up from the
Read moreFriday broker round-up
21st Jun 2013 08:34
Afren: Jefferies cuts target price from 155p to 140p and downgrades from buy to hold. Alpha Real Trust: Panmure Gordon shifts target price from 76p to 79p and retains a buy recommendation. Betfair Group: JP Morgan moves target price from 850p to 825p keeping a neutral rating. Borders & Southern P
Read moreTuesday broker round-up UPDATE
4th Jun 2013 07:25
Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum
Read moreExploration Director of Rockhopper Exploration steps down
23rd Jan 2013 08:41
Rockhopper Exploration announced Wednesday the resignation of the oil and gas company's Exploration Director. Dave Bodecott will hang up his hat on January 31st after five years on the board of the North Falkland focused group. "Dave has made a huge contribution as a member of the management team
Read moreMonday broker round-up UPDATE
17th Dec 2012 07:21
Aggreko: Panmure Gordon reduces target price from 2159p to 1935p, while keeping a hold recommendation. Investec downgrades to hold. Amara Mining: Investec starts with a target price of 89p and a buy rating. ASOS: Goldman Sachs increases target price from 3200p to 3600p and recommends a strong buy.
Read moreRockhopper expects to generate cash flow in excess of two billion dollars
14th Dec 2012 07:11
AIM-listed oil and gas exploration company Rockhopper Exploration has published its half-yearly results, revealing strong prospects for cash generation in the years ahead. The company, which is based in the UK and has interests in the Falklands Islands, was established in 2004 with a strategy to in
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