Keyword results: bond issue

Altyn – bond issue fully placed, emphasises confidence which we very much share: BUY

Kazakhstan-focused gold mining company Altyn (ALTN) “is pleased to announce that the bond issue on the Astana International Exchange (aix.kz) was fully placed… raising the targeted $10m amount”...

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Altyn – updates on production & financing progress, up 60% in a month but still a buy?

Previously updating on Kazakhstan-focused gold company Altyn (ALTN) last month with the shares rising above 1p, we noted emphasises “significant production increase”, still a buy. Now from the company a Production and financing update – and the shares currently up to 1.60p on the back of it...

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VCP
VCP
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Victoria - update on bond fiasco, remains a sell

It will be interesting to see how Geoff Wilding, Executive Chairman at Victoria plc (VCP), responds to what is his first real hiccup since he took the helm five years ago, growing the company exponentially with a string of acquisitions that have been welcomed by the market and seen himself and his shareholders richly rewarded...

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Altyn – bonds agreement sparks shares, more to come

Altyn (ALTN) “is pleased to announce… an underwriting agreement with JSC Freedom Finance, a subsidiary of Freedom Holding Corp. to raise c. US$15m, through the issue of five-year non-convertible tenge-denominated bonds”, with CEO Aidar Assaubayev emphasising “completion of the bond issuance will allow the company to accelerate the achievement of target production capacity levels, transforming the company into a significant gold producer in Kazakhstan”…

PCI
PCI

Petroceltic International – is the board dancing to Worldview’s tune?

The 35% drop in Petroceltic International’s (PCI) share price over the last three weeks has been one of the most predictable events of the year. Once the company’s major shareholder, Worldview, fired the first shots in the latest civil war to engulf the company, there really was only one direction the stock could take. Against the backdrop of a persistently low oil price, lingering concerns about the health of Petroceltic’s balance sheet were bound to have a depressing effect. This morning the company issued its latest response to this unfolding disaster. And it doesn’t exactly inspire one with much confidence, even at 58p per share.

GKP
GKP

ShareProphets Exclusive; Gulf Keystone technical team returns to Kurdistan this week!

I just finished speaking with Gulf Keystone (GKP) CEO John Gerstenlauer and he has confirmed that the skilled technicians required to complete the final hook up of Shaikan 10 are flying to Kurdistan from Canada this week. In Mr Gerstenlauer’s words “we are still on track for 40,000bopd by the end of the year”. Hitting this target, by the self-imposed deadline, will be a significant milestone for Gulf. The company has been criticised in the past for slippages. In meeting the 40,000bopd goal this could go a long way to proving to the market that this business is finally on the cusp of fulfilling its vast potential. Mr Gerstenlauer is clearly confident of this being achievable subject to the security situation remaining stable.

RMG
RMG

Good value in Royal Mail with its €500million bond issue

Royal Mail (RMG) has just reported that it has launched its first commercial bond issue for Euros 500 million. Is that a good thing? Certainly, since part of logic of the business being floated was to get it out of the National Accounts and most particularly, out of the clutches of Her Majesty’s Treasury and its cost cutting acolytes. The fact that the Treasury has failed to meet earlier targets as promised, to get the Nations’ finances in sufficiently good order to win an election, the cutting goes on. There is little doubt that the Royal Mail would have had a hard time of it competing with the NHS and education for funds. So at least it can now raise cash for the kind of investment needed to build future revenue, profit and earnings flows.

QPP
QPP

Quindell – The Company (at last) Comments to Shareprophets re Bond Issue Position

Well done Quindell (QPP). It has finally offered a comment on the suggestion from a source of mine that it was considering a bond issue in 2014.  To those poltroons who suggested that Quindell would not bother speaking to me, only “proper” journalists

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