Wednesday broker round-up UPDATE
5th Dec 2012 07:19
Anglo American: Morgan Stanley reduces target price from 2110p to 1802p and keeps an equal weight rating. Brewin Dolphin Holdings: Peel Hunt raises target price from 185p to 230p and maintains a buy rating. British Sky Broadcasting Group: Nomura raises target price from 950p to 975p and reiterates
Read moreTuesday broker round-up UPDATE
20th Nov 2012 07:17
Beowulf Mining: Seymour Pierce initiates coverage with a buy recommendation and a target price of 18p. Berkeley Group: JP Morgan raises target price from 1616p to 1620p, overweight rating kept. Blinkx: Citigroup downgrades from buy to neutral. Compass Group: Investec raises target price from 740p
Read moreRockhopper's licences extended
2nd Nov 2012 08:57
The Falkland Islands government has granted a one year extension of production licences PL023 and PL024, in which oil explorer Rockhopper has a two-fifths interest. The licences have been extended until November 18th, with no requirement for the operator to perform further work on the licences in t
Read moreFriday broker round-up - UPDATE
19th Oct 2012 09:00
Aggreko: Jefferies keeps buy rating and 2,800p target; Seymour Pierce keeps buy rating and 2,500p target; Panmure Gordon cuts target from 2,228p to 2,159p, hold rating unchanged. Alliance Pharma: umps upgrades to buy, target lifted from 32p to 37p. Avacta: Panmure Gordon keeps buy rating and 1.75p
Read moreFalklands govt rubber stamps Rockhopper farm-out
12th Oct 2012 09:56
Rockhopper's plans to farm out a majority stake in its North Falkland interests to Premier Oil have been approved by the Falkland Islands government. Premier is paying $231m for a 60% stake in Rockhopper's North Falkland Basin licences. An initial payment of $231m will be made in cash plus an expl
Read moreDesire's losses reduce sharply
17th Sep 2012 07:37
North Falkland Basin exploration company Desire Petroleum has seen interim losses reduce sharply following the completion of drilling and seismic activities. The group, which has an estimated 4% share of Rockhopper Exploration's Sea Lion discovery - the only worthwhile project in the Falklands area
Read moreBroker snap: Action-packed year ahead for E&Ps, says Credit Suisse
28th Aug 2012 09:56
Credit Suisse has highlighted Ophir Energy as its focus list stock in its sector review of oil and gas explorers and producers (E and Ps). "We continue to favour select E&P names in Europe. The emphasis is on the 'E' that provides for uncorrelated returns via the drillbit, as activity looks set to
Read moreTuesday broker round-up
28th Aug 2012 08:19
Afren: Credit Suisse downgrades to neutral, target cut from 185p to 170p. BHP Billiton: Morgan Stanley cuts target from 2,280p to 2,180p, overweight rating kept. Bunzl: Seymour Pierce raises target from 1,000p to 1,055p, hold recommendation maintained. Cairn Energy: Credit Suisse cuts target from
Read moreBurberry CFO makes multiple transactions
19th Jul 2012 16:31
Stacey Cartwright, the Executive Vice President and Chief Financial Officer of high-end fashion label Burberry, has sold 122,500 of the 132,500 shares she received which vested on Thursday. Cartwright, who joined the firm as CFO in 2004, sold the shares at 1,211.99p each, earning her a total of £1
Read moreMonday broker round-up
16th Jul 2012 08:23
Antofagasta: Nomura cuts target from 1,500p to 1,450p, buy rating kept. Betfair: Jefferies maintains buy rating and 900p target. BHP Billiton: Nomura cuts target from 2,400p to 2,100p, buy rating kept. Bumi: Nomura cuts target from 860p to 750p, neutral rating kept. ENRC: Nomura cuts target from
Read morePremier's Rockhopper move not without risks
12th Jul 2012 08:55
Shares of FTSE 250 oil and gas firm Premier Oil rose after it announced that it is buying a majority stake in Rockhopper Exploration's licence in the Falkland Islands. Premier is paying $231m for a 60% stake in Rockhopper's North Falkland Basin licences. An initial payment of $231m will be made in
Read moreThursday broker round-up
12th Jul 2012 08:41
African Minerals: Credit Suisse cuts target from 800p to 740p, outperform rating kept. Anglo American: Credit Suisse cuts target from 2,900p to 2,500p, neutral rating unchanged. Antofagasta: Credit Suisse cuts target from 1,300p to 1,150p, neutral rating kept. Aquarius Platinum: Credit Suisse cut
Read moreRockhopper hails potential of Sea Lion field
31st May 2012 07:51
North Falkland Basin oil and gas group Rockhopper Exploration saw losses shrink in the year ended March 31st as impairment charges more than halved. The firm, which is yet to generate any revenues as it ramps up operations, said that its pre-tax loss for the period improved from $87.2m to $53.8m, a
Read moreFriday newspaper round-up: Falklands, Spain, Strike
27th Apr 2012 07:07
Argentina vowed to press criminal and civil charges on British oil companies exploring off the Falkland Islands if they do not "justify their actions" by a May 2 deadline. In its latest escalation of rhetoric over the disputed islands, Argentina said it had written to Falkland Oil & Gas (FOGL), Bord
Read moreFriday broker round-up
20th Apr 2012 08:25
ARM Holdings: Jefferies raises target from 466p to 485p, underperform rating kept. Debenhams: UBS raises target from 75p to 80p, neutral recommendation kept; Nomura ups target from 81p to 90p, neutral rating kept. IMI: Investec maintains buy rating, 1,180p target under review. Intermediate Capita
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