Amazon S3s3-eu-west-1.amazonaws.com/mediamaster-s3eu/d/b/...44finance &propertyIrish Daily Mail,...
1
44 Irish Daily Mail, Tuesday, May 17, 2016 FINANCE&PROPERTY For indicative use only US$1.1324 - 0.0024t £0.78800 0.00042▲ € Tourist rates Aus $ 1.50 Can $ 1.41 Den Kr 7.21 UK £ 0.76 Jpn ¥ 119.41 NZ $ 1.62 SA R 17.04 Sw Fr 1.07 Turk l 3.25 US $ 1.09 A VISIT to the dentist fills us all with dread. But the owners of today’s prop- erty saw beyond that – they prob- ably liked the clean reception room – and turned it into a family home when they bought it back in the 1980s. That surgery room has since been turned into a beauty clinic but could equally be used as a fifth bedroom or turned back into a surgery. No. 2 Moyle Park is beautifully pre- sented with spacious rooms, a con- servatory and luxurious downstairs living. There are front and rear gar- dens and the property offers great privacy. The agents are Finnegan Menton. Contact (01) 6147900. The house you have been waiting for... Property Staff 2 Moyle Park, Convent Road, Clondalkin, Dublin 22 FOR SALE €435,000 Telephone: 01 256 0838 Email: [email protected] €242,000 WHAT’S SOLD Myhome.ie/priceregister is a convenient guide to best prices in the market Sallins, Co. Kildare NO. 20 Osberstown Court is a three-bed semi- detached house within walking distance of the canal. There is an L-shaped dining room and fully fitted kitchen. Navan, Co. Meath NO. 6 Clonmagaddan Fort is a four-bed semi- detached in a very desirable area close to all amenities. The master bedroom is en-suite and there is also a utility room. Clongowen, Co. Waterford NO. 1 Hollybank Mews is a well-presented four-bed semi-detached house. The master bedroom is en- suite. The fourth bedroom can be used as an office. There is also a utility room. €162,000 €248,000 Iseq briefing: Closed at 6,158.87 up 36.40 Price Var High Low Price Var High Low Price Var High Low Price Var High Low ABBEY 1125.00 - 1267.00 885.00 Alld Irish Banks 0.04 - 0.09 0.04 Aminex 0.02 - 0.03 0.01 Amryt Pharma 0.04 - 0.04 0.03 Applegreen 4.40 - 5.80 4.40 Aryzta 33.71 -0.41 60.65 33.03 Bank Of Ireland 0.24 - 0.39 0.23 C&C Gp 4.00 +0.01 4.18 3.34 Conroy Gold & Natural Res 0.01 - 0.01 0.01 CPL Resources 5.80 - 6.60 5.45 CRH 25.81 +0.08 28.09 18.30 Dalata Hotel Gp 4.38 - 5.50 4.20 Datalex 3.10 -0.06 3.25 1.79 Donegal Investment Group 5.65 -0.14 6.10 5.00 FBD Holdings 6.40 -0.05 9.52 5.28 First Derivatives 22.75 - 22.80 16.44 Fyffes 1.57 +0.01 1.62 1.16 Glanbia 16.43 -0.17 19.45 15.66 Great Western Min 0.01 - 0.02 0.00 Hibernia REIT 1.28 - 1.43 1.18 Hostelworld Gp 3.50 - 3.80 2.66 IFG Gp 2.22 +0.06 2.35 1.86 Ind News & Med 0.16 +0.01 0.20 0.15 Irish Contl Gp 5.09 +0.12 28.46 4.46 Irish Res Prop 1.14 +0.02 1.24 1.04 Karelian Diamond Res 0.01 - 0.03 0.01 Kenmare Res 0.01 - 0.06 0.00 Kerry Gp 80.79 +0.09 84.05 63.21 Kingspan Gp 23.35 +0.15 51.54 19.20 Mainstay Medical 16.15 - 18.50 16.15 Malin 15.10 +0.10 15.36 10.32 Merrion Pharma 0.12 - 11.50 0.10 Mincon Group 0.76 +0.01 0.81 0.62 Origin Enterpr 6.00 -0.10 8.60 5.85 Ormonde Mining 0.02 - 0.04 0.01 Ovoca Gold 0.06 - 0.10 0.04 Paddy Power Betfair 113.85 +1.00 142.75 80.09 Permanent TSB Group 1.88 -0.07 5.34 0.06 Petroceltic Intl 0.14 - 0.71 0.07 Petroneft Res 0.03 - 0.07 0.02 Providence Res 0.18 - 0.40 0.13 Ryanair Holdings 13.10 +0.28 15.35 10.70 Smurfit Kappa 24.15 - 29.09 16.03 Total Produce 1.59 +0.01 1.60 1.10 Wireless Gp 2.25 - 2.25 2.25 Zamano 0.14 - 0.17 0.11 FTSE100 6151.40 12.90 0.21% H:7069.93 L:5499.51 1.4402 £/$ FTSE250 16699.32 49.02 0.29% H:18393.16 L:15142.31 FTSEAllShare 3377.83 7.50 0.22% H:3839.47 L:3031.01 DOW 17710.71 175.39 1.00% H:18351.36 L:15370.33 Touris NIKKEI 16466.40 54.19 0.33% H:20952.71 L:14865.77 rates HANGSENG 19883.95 164.66 0.83% H:28524.60 L:18278.80 DAX 9952.90 closed H:11920.31 L:8699.29
Transcript of Amazon S3s3-eu-west-1.amazonaws.com/mediamaster-s3eu/d/b/...44finance &propertyIrish Daily Mail,...
44 Irish Daily Mail, Tuesday, May 17, 2016
finance&property
For indicative use only
US$1.1324-
0.0024t
£0.78800 0.00042▲€
Tourist ratesAus $ 1.50Can $ 1.41Den Kr 7.21UK £ 0.76Jpn ¥ 119.41NZ $ 1.62SA R 17.04Sw Fr 1.07Turk l 3.25US $ 1.09
A VISIT to the dentist fills us all with dread.
But the owners of today’s prop-erty saw beyond that – they prob-ably liked the clean reception room – and turned it into a family home when they bought it back in the 1980s.
That surgery room has since been turned into a beauty clinic but could equally be used as a fifth bedroom or turned back into a surgery.
No. 2 Moyle Park is beautifully pre-sented with spacious rooms, a con-servatory and luxurious downstairs living. There are front and rear gar-dens and the property offers great privacy.
The agents are Finnegan Menton. Contact (01) 6147900.
The house you have been waiting for...
Property Staff
2 Moyle Park, Convent Road, Clondalkin, Dublin 22FOR SALE
€435,000
Telephone: 01 256 0838 Email: [email protected]
€242,000
whAt’S SOLD Myhome.ie/priceregister is a convenient guide to best prices in the market
Sallins, Co. KildareNO. 20 Osberstown Court is a three-bed semi-detached house within walking distance of the canal. There is an L-shaped dining room and fully fitted kitchen.
Navan, Co. MeathNO. 6 Clonmagaddan Fort is a four-bed semi-detached in a very desirable area close to all amenities. The master bedroom is en-suite and there is also a utility room.
Clongowen, Co. waterford NO. 1 Hollybank Mews is a well-presented four-bed semi-detached house. The master bedroom is en-suite. The fourth bedroom can be used as an office. There is also a utility room.
€162,000 €248,000
Iseq briefing: Closed at 6,158.87 up 36.40Price Var High LowPrice Var High Low Price Var High Low Price Var High Low
ABBEY 1125.00 - 1267.00 885.00Alld Irish Banks 0.04 - 0.09 0.04Aminex 0.02 - 0.03 0.01Amryt Pharma 0.04 - 0.04 0.03Applegreen 4.40 - 5.80 4.40Aryzta 33.71 -0.41 60.65 33.03Bank Of Ireland 0.24 - 0.39 0.23C&C Gp 4.00 +0.01 4.18 3.34Conroy Gold & Natural Res 0.01 - 0.01 0.01CPL Resources 5.80 - 6.60 5.45CRH 25.81 +0.08 28.09 18.30Dalata Hotel Gp 4.38 - 5.50 4.20
Datalex 3.10 -0.06 3.25 1.79Donegal Investment Group 5.65 -0.14 6.10 5.00FBD Holdings 6.40 -0.05 9.52 5.28First Derivatives 22.75 - 22.80 16.44Fyffes 1.57 +0.01 1.62 1.16Glanbia 16.43 -0.17 19.45 15.66Great Western Min 0.01 - 0.02 0.00Hibernia REIT 1.28 - 1.43 1.18Hostelworld Gp 3.50 - 3.80 2.66IFG Gp 2.22 +0.06 2.35 1.86Ind News & Med 0.16 +0.01 0.20 0.15Irish Contl Gp 5.09 +0.12 28.46 4.46
Irish Res Prop 1.14 +0.02 1.24 1.04Karelian Diamond Res 0.01 - 0.03 0.01Kenmare Res 0.01 - 0.06 0.00Kerry Gp 80.79 +0.09 84.05 63.21Kingspan Gp 23.35 +0.15 51.54 19.20Mainstay Medical 16.15 - 18.50 16.15Malin 15.10 +0.10 15.36 10.32Merrion Pharma 0.12 - 11.50 0.10Mincon Group 0.76 +0.01 0.81 0.62Origin Enterpr 6.00 -0.10 8.60 5.85Ormonde Mining 0.02 - 0.04 0.01
Ovoca Gold 0.06 - 0.10 0.04Paddy Power Betfair 113.85 +1.00 142.75 80.09Permanent TSB Group 1.88 -0.07 5.34 0.06Petroceltic Intl 0.14 - 0.71 0.07Petroneft Res 0.03 - 0.07 0.02Providence Res 0.18 - 0.40 0.13Ryanair Holdings 13.10 +0.28 15.35 10.70Smurfit Kappa 24.15 - 29.09 16.03Total Produce 1.59 +0.01 1.60 1.10Wireless Gp 2.25 - 2.25 2.25Zamano 0.14 - 0.17 0.11
Daily Mail, Tuesday, May 17, 2016Page 68
FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6151.40
12.900.21%
H:7069.93� L:5499.51
16699.3249.020.29%
H:18393.16� L:15142.31
3377.837.500.22%
H:3839.47� L:3031.01
17710.71175.391.00%
H:18351.36� L:15370.33
16466.4054.190.33%
H:20952.71� L:14865.77
19883.95164.660.83%
H:28524.60� L:18278.80
9952.90
closed
H:11920.31� L:8699.29
$49.10$1.29perbarrel
H: 49.10� L: 27.88
$1275.34$5.26troyoz
H: 1293.09� L: 1051.36
Tourist rates£1 BUYS
Aus$ . . . . . . . . 1.87Can$ . . . . . . . . 1.77
DenKr. . . . . . 8.98Euro€ . . . . . . . 1.21
Jpn¥ . . . . .148.68NZ$. . . . . . . . . . 1.97
SAR. . . . . . . . 20.87SwFr. . . . . . . . .1.33
Turkl. . . . . . . . 4.03US$. . . . . . . . . . 1.37
w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly
1.4402 0.0053
HIGH: 1.5882 LOW: 1.3868
£/$ £/€ 1.2710 0.0010
HIGH: 1.4399 LOW: 1.2366
Anglo American 609.50p 5.41%Restaurant Group 303.90p 5.30%Evraz 121.10p 5.12%Victrex 1502.00p 5.04%Tullow Oil 260.90p 4.99%
Broker confidenceDelivery food trialCommodity hopesGood tradingOil price rebound
Drax 292.50p 6.79%Entertainment One 170.90p 4.63%Jimmy Choo 116.00p 2.68%Euromoney 954.50p 2.60%SuperGroup 1363.00p 2.50%
top RiseRs closing dailyprice change reason
top FALLeRs closing dailyprice change reason
Broker downgradeSector concernsSales slipInvestor sentimentBusiness changes
High Low
BANKS +0.2%
BUILDING +0.9%
BUSINESS SERVICES +0.4%
CHEMICALS +0.9%
DRINKS -0.1%
ELECTRONICS +0.2%
ENGINEERING +0.7%
FINANCIAL COMPANIES 0.0%
FOOD MANUFACTURING +0.1%
HEALTH -0.7%
INDUSTRIALS +0.3%
INSURANCE +0.3%
INVESTMENT TRUSTS 0.0%
IT & INTERNET +0.1%
IT HARDWARE +1.4%
LEISURE +0.1%
MEDIA -0.2%
MINING +2.1%
OIL & GAS +1.1%
PHARMACEUTICALS -0.5%
POWER & WATER -0.7%
PROPERTY -0.2%
RETAILERS +0.5%
TELECOMS -0.5%
TRANSPORT +0.3%
High Low
High Low High Low High Low High Low
High Low
Lonmin returns to profit and shares climb by 20pc
market reportLonmin’s shares shone through by climbing almost 20pc after it turned a £4m first-half loss a year ago into earnings of £25m.
In its half-year results the pre-cious metals producer said cost savings were well ahead of sched-ule and it now had £80m in net cash, compared to debts of £128m six months ago.
Lonmin, the third largest pro-ducer of platinum in the world, offered shareholders £270m of shares in a rights issue last Novem-ber as the price of the precious metal plummeted and high costs pushed the firm to the brink.
The business offered 27bn shares at 1p each, a fraction of the price they closed at. A year ago its shares were priced at 1692p.
It was the third time in six years the group had turned to investors for a cash boost.
Yesterday chief executive Ben Magara said of the results: ‘We’ve done what we said we’d do.’
Some 5,433 employees have left the group, with 1,428 more rede-ployed within the business.
The group produced some 348,885 ounces of platinum, a third more than a year ago. It expects to sell
700,000 ounces this year. Despite its progress, Liberum has a sell rat-ing on the stock. It said ‘South Africa remains a difficult place to do business’.
Unions in the country are meet-ing later this week to discuss wages ahead of forthcoming negotiations. Lonmin said it expects firm demand for platinum from the automotive and chemical industries, though diesel and China’s economic slow-down are concerns.
Its shares strengthened 19.9pc, or 32.25p, to 195p. Lonmin wasn’t the only mining company having a good day, the sector kept the FTsE100 just about in the black, up 0.2pc, or 12.9 points, to 6151.40.
Anglo American was the biggest climber of the day, its shares
advanced 5.4pc, or 31.3p, to 609.5p. Bank of America Merrill Lynch almost doubled its target price for the miner from 415p to 800p.
Antofagasta gained 3.4pc, or 13.8p, to 425.6p despite a setback in its progress getting an environmen-tal permit for its mine in Chile.
It was the first day of trading for newly-created EVR Holdings.Investment company Armstrong Ventures acquired virtual reality content creator Melody VR in a reverse takeover deal (where a smaller company buys a larger one) back in April for £5.1m.
After the acquisition was com-plete Armstrong cancelled its shares and EVR Holdings, borne out of the merger of the two busi-nesses, started trading yesterday. Melody VR creates virtual reality music experiences.
It means you can feel like you’re at a concert, even on stage with the artist, when really you’re wearing a headset in your own home.
The firm says it allows people to experience an event even if they can’t get to it because of location, cost, age restrictions or because it has sold out.
Virtual reality is expected to
become increasingly popular. Google released a head-mounted display in 2014 and reported 5m headset sales in the subsequent 18 months. It also said some 25m vir-tual reality apps had been down-loaded from its store.
Since then Samsung and HTC have also released similar headsets. Some estimates show that more than 83m virtual reality devices could be sold by 2018.
It was a positive first day on the market for EVR, investors weren’t imagining things when shares ticked up 5pc, or 0.05p, to 1.05p.
Satellite data communications firm Avanti was on investors’ radars after chairman Paul Walsh bought up 230,000 shares in the company at 89.5p each.
In a third quarter trading update yesterday the firm said revenue was up nearly 15pc on the year before at £13.5m.
Avanti said it was on track to deliver revenue growth of 50pc in 2016. Last week the company revealed it had won a £20m con-tract to supply EE.
The good news was a buy signal for investors as the share price surged 2pc, or 1.75p, to 87.25p.
SHARES in oil and gas firm Frontera drilled down after it issued 180m new shares. Frontera said considerable progress was being made on its South Kakheti site in Georgia. This year Frontera has produced up to 750 barrels of oil a day in its testing operations. Hopes of producing more than 7m cubic feet of gas a day had been delayed because the Ministry of Energy had discouraged investment in ongoing exploration of natural gas resources. Frontera is in talks with the ministry. Shares fell 7.4pc, or 0.02p, to 0.32p.
1.0
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0.6
0.4
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FronteraResourcesClose: 0.32p
stock wAtch
by HollyBlack
Daily Mail, Tuesday, May 17, 2016Page 68
FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6151.40
12.900.21%
H:7069.93� L:5499.51
16699.3249.020.29%
H:18393.16� L:15142.31
3377.837.500.22%
H:3839.47� L:3031.01
17710.71175.391.00%
H:18351.36� L:15370.33
16466.4054.190.33%
H:20952.71� L:14865.77
19883.95164.660.83%
H:28524.60� L:18278.80
9952.90
closed
H:11920.31� L:8699.29
$49.10$1.29perbarrel
H: 49.10� L: 27.88
$1275.34$5.26troyoz
H: 1293.09� L: 1051.36
Tourist rates£1 BUYS
Aus$ . . . . . . . . 1.87Can$ . . . . . . . . 1.77
DenKr. . . . . . 8.98Euro€ . . . . . . . 1.21
Jpn¥ . . . . .148.68NZ$. . . . . . . . . . 1.97
SAR. . . . . . . . 20.87SwFr. . . . . . . . .1.33
Turkl. . . . . . . . 4.03US$. . . . . . . . . . 1.37
w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly
1.4402 0.0053
HIGH: 1.5882 LOW: 1.3868
£/$ £/€ 1.2710 0.0010
HIGH: 1.4399 LOW: 1.2366
Anglo American 609.50p 5.41%Restaurant Group 303.90p 5.30%Evraz 121.10p 5.12%Victrex 1502.00p 5.04%Tullow Oil 260.90p 4.99%
Broker confidenceDelivery food trialCommodity hopesGood tradingOil price rebound
Drax 292.50p 6.79%Entertainment One 170.90p 4.63%Jimmy Choo 116.00p 2.68%Euromoney 954.50p 2.60%SuperGroup 1363.00p 2.50%
top RiseRs closing dailyprice change reason
top FALLeRs closing dailyprice change reason
Broker downgradeSector concernsSales slipInvestor sentimentBusiness changes
High Low
BANKS +0.2%
BUILDING +0.9%
BUSINESS SERVICES +0.4%
CHEMICALS +0.9%
DRINKS -0.1%
ELECTRONICS +0.2%
ENGINEERING +0.7%
FINANCIAL COMPANIES 0.0%
FOOD MANUFACTURING +0.1%
HEALTH -0.7%
INDUSTRIALS +0.3%
INSURANCE +0.3%
INVESTMENT TRUSTS 0.0%
IT & INTERNET +0.1%
IT HARDWARE +1.4%
LEISURE +0.1%
MEDIA -0.2%
MINING +2.1%
OIL & GAS +1.1%
PHARMACEUTICALS -0.5%
POWER & WATER -0.7%
PROPERTY -0.2%
RETAILERS +0.5%
TELECOMS -0.5%
TRANSPORT +0.3%
High Low
High Low High Low High Low High Low
High Low
Lonmin returns to profit and shares climb by 20pc
market reportLonmin’s shares shone through by climbing almost 20pc after it turned a £4m first-half loss a year ago into earnings of £25m.
In its half-year results the pre-cious metals producer said cost savings were well ahead of sched-ule and it now had £80m in net cash, compared to debts of £128m six months ago.
Lonmin, the third largest pro-ducer of platinum in the world, offered shareholders £270m of shares in a rights issue last Novem-ber as the price of the precious metal plummeted and high costs pushed the firm to the brink.
The business offered 27bn shares at 1p each, a fraction of the price they closed at. A year ago its shares were priced at 1692p.
It was the third time in six years the group had turned to investors for a cash boost.
Yesterday chief executive Ben Magara said of the results: ‘We’ve done what we said we’d do.’
Some 5,433 employees have left the group, with 1,428 more rede-ployed within the business.
The group produced some 348,885 ounces of platinum, a third more than a year ago. It expects to sell
700,000 ounces this year. Despite its progress, Liberum has a sell rat-ing on the stock. It said ‘South Africa remains a difficult place to do business’.
Unions in the country are meet-ing later this week to discuss wages ahead of forthcoming negotiations. Lonmin said it expects firm demand for platinum from the automotive and chemical industries, though diesel and China’s economic slow-down are concerns.
Its shares strengthened 19.9pc, or 32.25p, to 195p. Lonmin wasn’t the only mining company having a good day, the sector kept the FTsE100 just about in the black, up 0.2pc, or 12.9 points, to 6151.40.
Anglo American was the biggest climber of the day, its shares
advanced 5.4pc, or 31.3p, to 609.5p. Bank of America Merrill Lynch almost doubled its target price for the miner from 415p to 800p.
Antofagasta gained 3.4pc, or 13.8p, to 425.6p despite a setback in its progress getting an environmen-tal permit for its mine in Chile.
It was the first day of trading for newly-created EVR Holdings.Investment company Armstrong Ventures acquired virtual reality content creator Melody VR in a reverse takeover deal (where a smaller company buys a larger one) back in April for £5.1m.
After the acquisition was com-plete Armstrong cancelled its shares and EVR Holdings, borne out of the merger of the two busi-nesses, started trading yesterday. Melody VR creates virtual reality music experiences.
It means you can feel like you’re at a concert, even on stage with the artist, when really you’re wearing a headset in your own home.
The firm says it allows people to experience an event even if they can’t get to it because of location, cost, age restrictions or because it has sold out.
Virtual reality is expected to
become increasingly popular. Google released a head-mounted display in 2014 and reported 5m headset sales in the subsequent 18 months. It also said some 25m vir-tual reality apps had been down-loaded from its store.
Since then Samsung and HTC have also released similar headsets. Some estimates show that more than 83m virtual reality devices could be sold by 2018.
It was a positive first day on the market for EVR, investors weren’t imagining things when shares ticked up 5pc, or 0.05p, to 1.05p.
Satellite data communications firm Avanti was on investors’ radars after chairman Paul Walsh bought up 230,000 shares in the company at 89.5p each.
In a third quarter trading update yesterday the firm said revenue was up nearly 15pc on the year before at £13.5m.
Avanti said it was on track to deliver revenue growth of 50pc in 2016. Last week the company revealed it had won a £20m con-tract to supply EE.
The good news was a buy signal for investors as the share price surged 2pc, or 1.75p, to 87.25p.
SHARES in oil and gas firm Frontera drilled down after it issued 180m new shares. Frontera said considerable progress was being made on its South Kakheti site in Georgia. This year Frontera has produced up to 750 barrels of oil a day in its testing operations. Hopes of producing more than 7m cubic feet of gas a day had been delayed because the Ministry of Energy had discouraged investment in ongoing exploration of natural gas resources. Frontera is in talks with the ministry. Shares fell 7.4pc, or 0.02p, to 0.32p.
1.0
0.8
0.6
0.4
0.2
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nanc
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J J S O DN J F M A MA
FronteraResourcesClose: 0.32p
stock wAtch
by HollyBlack
Daily Mail, Tuesday, May 17, 2016Page 68
FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6151.40
12.900.21%
H:7069.93� L:5499.51
16699.3249.020.29%
H:18393.16� L:15142.31
3377.837.500.22%
H:3839.47� L:3031.01
17710.71175.391.00%
H:18351.36� L:15370.33
16466.4054.190.33%
H:20952.71� L:14865.77
19883.95164.660.83%
H:28524.60� L:18278.80
9952.90
closed
H:11920.31� L:8699.29
$49.10$1.29perbarrel
H: 49.10� L: 27.88
$1275.34$5.26troyoz
H: 1293.09� L: 1051.36
Tourist rates£1 BUYS
Aus$ . . . . . . . . 1.87Can$ . . . . . . . . 1.77
DenKr. . . . . . 8.98Euro€ . . . . . . . 1.21
Jpn¥ . . . . .148.68NZ$. . . . . . . . . . 1.97
SAR. . . . . . . . 20.87SwFr. . . . . . . . .1.33
Turkl. . . . . . . . 4.03US$. . . . . . . . . . 1.37
w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly
1.4402 0.0053
HIGH: 1.5882 LOW: 1.3868
£/$ £/€ 1.2710 0.0010
HIGH: 1.4399 LOW: 1.2366
Anglo American 609.50p 5.41%Restaurant Group 303.90p 5.30%Evraz 121.10p 5.12%Victrex 1502.00p 5.04%Tullow Oil 260.90p 4.99%
Broker confidenceDelivery food trialCommodity hopesGood tradingOil price rebound
Drax 292.50p 6.79%Entertainment One 170.90p 4.63%Jimmy Choo 116.00p 2.68%Euromoney 954.50p 2.60%SuperGroup 1363.00p 2.50%
top RiseRs closing dailyprice change reason
top FALLeRs closing dailyprice change reason
Broker downgradeSector concernsSales slipInvestor sentimentBusiness changes
High Low
BANKS +0.2%
BUILDING +0.9%
BUSINESS SERVICES +0.4%
CHEMICALS +0.9%
DRINKS -0.1%
ELECTRONICS +0.2%
ENGINEERING +0.7%
FINANCIAL COMPANIES 0.0%
FOOD MANUFACTURING +0.1%
HEALTH -0.7%
INDUSTRIALS +0.3%
INSURANCE +0.3%
INVESTMENT TRUSTS 0.0%
IT & INTERNET +0.1%
IT HARDWARE +1.4%
LEISURE +0.1%
MEDIA -0.2%
MINING +2.1%
OIL & GAS +1.1%
PHARMACEUTICALS -0.5%
POWER & WATER -0.7%
PROPERTY -0.2%
RETAILERS +0.5%
TELECOMS -0.5%
TRANSPORT +0.3%
High Low
High Low High Low High Low High Low
High Low
Lonmin returns to profit and shares climb by 20pc
market reportLonmin’s shares shone through by climbing almost 20pc after it turned a £4m first-half loss a year ago into earnings of £25m.
In its half-year results the pre-cious metals producer said cost savings were well ahead of sched-ule and it now had £80m in net cash, compared to debts of £128m six months ago.
Lonmin, the third largest pro-ducer of platinum in the world, offered shareholders £270m of shares in a rights issue last Novem-ber as the price of the precious metal plummeted and high costs pushed the firm to the brink.
The business offered 27bn shares at 1p each, a fraction of the price they closed at. A year ago its shares were priced at 1692p.
It was the third time in six years the group had turned to investors for a cash boost.
Yesterday chief executive Ben Magara said of the results: ‘We’ve done what we said we’d do.’
Some 5,433 employees have left the group, with 1,428 more rede-ployed within the business.
The group produced some 348,885 ounces of platinum, a third more than a year ago. It expects to sell
700,000 ounces this year. Despite its progress, Liberum has a sell rat-ing on the stock. It said ‘South Africa remains a difficult place to do business’.
Unions in the country are meet-ing later this week to discuss wages ahead of forthcoming negotiations. Lonmin said it expects firm demand for platinum from the automotive and chemical industries, though diesel and China’s economic slow-down are concerns.
Its shares strengthened 19.9pc, or 32.25p, to 195p. Lonmin wasn’t the only mining company having a good day, the sector kept the FTsE100 just about in the black, up 0.2pc, or 12.9 points, to 6151.40.
Anglo American was the biggest climber of the day, its shares
advanced 5.4pc, or 31.3p, to 609.5p. Bank of America Merrill Lynch almost doubled its target price for the miner from 415p to 800p.
Antofagasta gained 3.4pc, or 13.8p, to 425.6p despite a setback in its progress getting an environmen-tal permit for its mine in Chile.
It was the first day of trading for newly-created EVR Holdings.Investment company Armstrong Ventures acquired virtual reality content creator Melody VR in a reverse takeover deal (where a smaller company buys a larger one) back in April for £5.1m.
After the acquisition was com-plete Armstrong cancelled its shares and EVR Holdings, borne out of the merger of the two busi-nesses, started trading yesterday. Melody VR creates virtual reality music experiences.
It means you can feel like you’re at a concert, even on stage with the artist, when really you’re wearing a headset in your own home.
The firm says it allows people to experience an event even if they can’t get to it because of location, cost, age restrictions or because it has sold out.
Virtual reality is expected to
become increasingly popular. Google released a head-mounted display in 2014 and reported 5m headset sales in the subsequent 18 months. It also said some 25m vir-tual reality apps had been down-loaded from its store.
Since then Samsung and HTC have also released similar headsets. Some estimates show that more than 83m virtual reality devices could be sold by 2018.
It was a positive first day on the market for EVR, investors weren’t imagining things when shares ticked up 5pc, or 0.05p, to 1.05p.
Satellite data communications firm Avanti was on investors’ radars after chairman Paul Walsh bought up 230,000 shares in the company at 89.5p each.
In a third quarter trading update yesterday the firm said revenue was up nearly 15pc on the year before at £13.5m.
Avanti said it was on track to deliver revenue growth of 50pc in 2016. Last week the company revealed it had won a £20m con-tract to supply EE.
The good news was a buy signal for investors as the share price surged 2pc, or 1.75p, to 87.25p.
SHARES in oil and gas firm Frontera drilled down after it issued 180m new shares. Frontera said considerable progress was being made on its South Kakheti site in Georgia. This year Frontera has produced up to 750 barrels of oil a day in its testing operations. Hopes of producing more than 7m cubic feet of gas a day had been delayed because the Ministry of Energy had discouraged investment in ongoing exploration of natural gas resources. Frontera is in talks with the ministry. Shares fell 7.4pc, or 0.02p, to 0.32p.
1.0
0.8
0.6
0.4
0.2
Pence
Sour
ce: G
oogl
e Fi
nanc
e
J J S O DN J F M A MA
FronteraResourcesClose: 0.32p
stock wAtch
by HollyBlack
Daily Mail, Tuesday, May 17, 2016Page 68
FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6151.40
12.900.21%
H:7069.93� L:5499.51
16699.3249.020.29%
H:18393.16� L:15142.31
3377.837.500.22%
H:3839.47� L:3031.01
17710.71175.391.00%
H:18351.36� L:15370.33
16466.4054.190.33%
H:20952.71� L:14865.77
19883.95164.660.83%
H:28524.60� L:18278.80
9952.90
closed
H:11920.31� L:8699.29
$49.10$1.29perbarrel
H: 49.10� L: 27.88
$1275.34$5.26troyoz
H: 1293.09� L: 1051.36
Tourist rates£1 BUYS
Aus$ . . . . . . . . 1.87Can$ . . . . . . . . 1.77
DenKr. . . . . . 8.98Euro€ . . . . . . . 1.21
Jpn¥ . . . . .148.68NZ$. . . . . . . . . . 1.97
SAR. . . . . . . . 20.87SwFr. . . . . . . . .1.33
Turkl. . . . . . . . 4.03US$. . . . . . . . . . 1.37
w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly
1.4402 0.0053
HIGH: 1.5882 LOW: 1.3868
£/$ £/€ 1.2710 0.0010
HIGH: 1.4399 LOW: 1.2366
Anglo American 609.50p 5.41%Restaurant Group 303.90p 5.30%Evraz 121.10p 5.12%Victrex 1502.00p 5.04%Tullow Oil 260.90p 4.99%
Broker confidenceDelivery food trialCommodity hopesGood tradingOil price rebound
Drax 292.50p 6.79%Entertainment One 170.90p 4.63%Jimmy Choo 116.00p 2.68%Euromoney 954.50p 2.60%SuperGroup 1363.00p 2.50%
top RiseRs closing dailyprice change reason
top FALLeRs closing dailyprice change reason
Broker downgradeSector concernsSales slipInvestor sentimentBusiness changes
High Low
BANKS +0.2%
BUILDING +0.9%
BUSINESS SERVICES +0.4%
CHEMICALS +0.9%
DRINKS -0.1%
ELECTRONICS +0.2%
ENGINEERING +0.7%
FINANCIAL COMPANIES 0.0%
FOOD MANUFACTURING +0.1%
HEALTH -0.7%
INDUSTRIALS +0.3%
INSURANCE +0.3%
INVESTMENT TRUSTS 0.0%
IT & INTERNET +0.1%
IT HARDWARE +1.4%
LEISURE +0.1%
MEDIA -0.2%
MINING +2.1%
OIL & GAS +1.1%
PHARMACEUTICALS -0.5%
POWER & WATER -0.7%
PROPERTY -0.2%
RETAILERS +0.5%
TELECOMS -0.5%
TRANSPORT +0.3%
High Low
High Low High Low High Low High Low
High Low
Lonmin returns to profit and shares climb by 20pc
market reportLonmin’s shares shone through by climbing almost 20pc after it turned a £4m first-half loss a year ago into earnings of £25m.
In its half-year results the pre-cious metals producer said cost savings were well ahead of sched-ule and it now had £80m in net cash, compared to debts of £128m six months ago.
Lonmin, the third largest pro-ducer of platinum in the world, offered shareholders £270m of shares in a rights issue last Novem-ber as the price of the precious metal plummeted and high costs pushed the firm to the brink.
The business offered 27bn shares at 1p each, a fraction of the price they closed at. A year ago its shares were priced at 1692p.
It was the third time in six years the group had turned to investors for a cash boost.
Yesterday chief executive Ben Magara said of the results: ‘We’ve done what we said we’d do.’
Some 5,433 employees have left the group, with 1,428 more rede-ployed within the business.
The group produced some 348,885 ounces of platinum, a third more than a year ago. It expects to sell
700,000 ounces this year. Despite its progress, Liberum has a sell rat-ing on the stock. It said ‘South Africa remains a difficult place to do business’.
Unions in the country are meet-ing later this week to discuss wages ahead of forthcoming negotiations. Lonmin said it expects firm demand for platinum from the automotive and chemical industries, though diesel and China’s economic slow-down are concerns.
Its shares strengthened 19.9pc, or 32.25p, to 195p. Lonmin wasn’t the only mining company having a good day, the sector kept the FTsE100 just about in the black, up 0.2pc, or 12.9 points, to 6151.40.
Anglo American was the biggest climber of the day, its shares
advanced 5.4pc, or 31.3p, to 609.5p. Bank of America Merrill Lynch almost doubled its target price for the miner from 415p to 800p.
Antofagasta gained 3.4pc, or 13.8p, to 425.6p despite a setback in its progress getting an environmen-tal permit for its mine in Chile.
It was the first day of trading for newly-created EVR Holdings.Investment company Armstrong Ventures acquired virtual reality content creator Melody VR in a reverse takeover deal (where a smaller company buys a larger one) back in April for £5.1m.
After the acquisition was com-plete Armstrong cancelled its shares and EVR Holdings, borne out of the merger of the two busi-nesses, started trading yesterday. Melody VR creates virtual reality music experiences.
It means you can feel like you’re at a concert, even on stage with the artist, when really you’re wearing a headset in your own home.
The firm says it allows people to experience an event even if they can’t get to it because of location, cost, age restrictions or because it has sold out.
Virtual reality is expected to
become increasingly popular. Google released a head-mounted display in 2014 and reported 5m headset sales in the subsequent 18 months. It also said some 25m vir-tual reality apps had been down-loaded from its store.
Since then Samsung and HTC have also released similar headsets. Some estimates show that more than 83m virtual reality devices could be sold by 2018.
It was a positive first day on the market for EVR, investors weren’t imagining things when shares ticked up 5pc, or 0.05p, to 1.05p.
Satellite data communications firm Avanti was on investors’ radars after chairman Paul Walsh bought up 230,000 shares in the company at 89.5p each.
In a third quarter trading update yesterday the firm said revenue was up nearly 15pc on the year before at £13.5m.
Avanti said it was on track to deliver revenue growth of 50pc in 2016. Last week the company revealed it had won a £20m con-tract to supply EE.
The good news was a buy signal for investors as the share price surged 2pc, or 1.75p, to 87.25p.
SHARES in oil and gas firm Frontera drilled down after it issued 180m new shares. Frontera said considerable progress was being made on its South Kakheti site in Georgia. This year Frontera has produced up to 750 barrels of oil a day in its testing operations. Hopes of producing more than 7m cubic feet of gas a day had been delayed because the Ministry of Energy had discouraged investment in ongoing exploration of natural gas resources. Frontera is in talks with the ministry. Shares fell 7.4pc, or 0.02p, to 0.32p.
1.0
0.8
0.6
0.4
0.2
Pence
Sour
ce: G
oogl
e Fi
nanc
e
J J S O DN J F M A MA
FronteraResourcesClose: 0.32p
stock wAtch
by HollyBlack
Daily Mail, Tuesday, May 17, 2016Page 68
FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6151.40
12.900.21%
H:7069.93� L:5499.51
16699.3249.020.29%
H:18393.16� L:15142.31
3377.837.500.22%
H:3839.47� L:3031.01
17710.71175.391.00%
H:18351.36� L:15370.33
16466.4054.190.33%
H:20952.71� L:14865.77
19883.95164.660.83%
H:28524.60� L:18278.80
9952.90
closed
H:11920.31� L:8699.29
$49.10$1.29perbarrel
H: 49.10� L: 27.88
$1275.34$5.26troyoz
H: 1293.09� L: 1051.36
Tourist rates£1 BUYS
Aus$ . . . . . . . . 1.87Can$ . . . . . . . . 1.77
DenKr. . . . . . 8.98Euro€ . . . . . . . 1.21
Jpn¥ . . . . .148.68NZ$. . . . . . . . . . 1.97
SAR. . . . . . . . 20.87SwFr. . . . . . . . .1.33
Turkl. . . . . . . . 4.03US$. . . . . . . . . . 1.37
w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly
1.4402 0.0053
HIGH: 1.5882 LOW: 1.3868
£/$ £/€ 1.2710 0.0010
HIGH: 1.4399 LOW: 1.2366
Anglo American 609.50p 5.41%Restaurant Group 303.90p 5.30%Evraz 121.10p 5.12%Victrex 1502.00p 5.04%Tullow Oil 260.90p 4.99%
Broker confidenceDelivery food trialCommodity hopesGood tradingOil price rebound
Drax 292.50p 6.79%Entertainment One 170.90p 4.63%Jimmy Choo 116.00p 2.68%Euromoney 954.50p 2.60%SuperGroup 1363.00p 2.50%
top RiseRs closing dailyprice change reason
top FALLeRs closing dailyprice change reason
Broker downgradeSector concernsSales slipInvestor sentimentBusiness changes
High Low
BANKS +0.2%
BUILDING +0.9%
BUSINESS SERVICES +0.4%
CHEMICALS +0.9%
DRINKS -0.1%
ELECTRONICS +0.2%
ENGINEERING +0.7%
FINANCIAL COMPANIES 0.0%
FOOD MANUFACTURING +0.1%
HEALTH -0.7%
INDUSTRIALS +0.3%
INSURANCE +0.3%
INVESTMENT TRUSTS 0.0%
IT & INTERNET +0.1%
IT HARDWARE +1.4%
LEISURE +0.1%
MEDIA -0.2%
MINING +2.1%
OIL & GAS +1.1%
PHARMACEUTICALS -0.5%
POWER & WATER -0.7%
PROPERTY -0.2%
RETAILERS +0.5%
TELECOMS -0.5%
TRANSPORT +0.3%
High Low
High Low High Low High Low High Low
High Low
Lonmin returns to profit and shares climb by 20pc
market reportLonmin’s shares shone through by climbing almost 20pc after it turned a £4m first-half loss a year ago into earnings of £25m.
In its half-year results the pre-cious metals producer said cost savings were well ahead of sched-ule and it now had £80m in net cash, compared to debts of £128m six months ago.
Lonmin, the third largest pro-ducer of platinum in the world, offered shareholders £270m of shares in a rights issue last Novem-ber as the price of the precious metal plummeted and high costs pushed the firm to the brink.
The business offered 27bn shares at 1p each, a fraction of the price they closed at. A year ago its shares were priced at 1692p.
It was the third time in six years the group had turned to investors for a cash boost.
Yesterday chief executive Ben Magara said of the results: ‘We’ve done what we said we’d do.’
Some 5,433 employees have left the group, with 1,428 more rede-ployed within the business.
The group produced some 348,885 ounces of platinum, a third more than a year ago. It expects to sell
700,000 ounces this year. Despite its progress, Liberum has a sell rat-ing on the stock. It said ‘South Africa remains a difficult place to do business’.
Unions in the country are meet-ing later this week to discuss wages ahead of forthcoming negotiations. Lonmin said it expects firm demand for platinum from the automotive and chemical industries, though diesel and China’s economic slow-down are concerns.
Its shares strengthened 19.9pc, or 32.25p, to 195p. Lonmin wasn’t the only mining company having a good day, the sector kept the FTsE100 just about in the black, up 0.2pc, or 12.9 points, to 6151.40.
Anglo American was the biggest climber of the day, its shares
advanced 5.4pc, or 31.3p, to 609.5p. Bank of America Merrill Lynch almost doubled its target price for the miner from 415p to 800p.
Antofagasta gained 3.4pc, or 13.8p, to 425.6p despite a setback in its progress getting an environmen-tal permit for its mine in Chile.
It was the first day of trading for newly-created EVR Holdings.Investment company Armstrong Ventures acquired virtual reality content creator Melody VR in a reverse takeover deal (where a smaller company buys a larger one) back in April for £5.1m.
After the acquisition was com-plete Armstrong cancelled its shares and EVR Holdings, borne out of the merger of the two busi-nesses, started trading yesterday. Melody VR creates virtual reality music experiences.
It means you can feel like you’re at a concert, even on stage with the artist, when really you’re wearing a headset in your own home.
The firm says it allows people to experience an event even if they can’t get to it because of location, cost, age restrictions or because it has sold out.
Virtual reality is expected to
become increasingly popular. Google released a head-mounted display in 2014 and reported 5m headset sales in the subsequent 18 months. It also said some 25m vir-tual reality apps had been down-loaded from its store.
Since then Samsung and HTC have also released similar headsets. Some estimates show that more than 83m virtual reality devices could be sold by 2018.
It was a positive first day on the market for EVR, investors weren’t imagining things when shares ticked up 5pc, or 0.05p, to 1.05p.
Satellite data communications firm Avanti was on investors’ radars after chairman Paul Walsh bought up 230,000 shares in the company at 89.5p each.
In a third quarter trading update yesterday the firm said revenue was up nearly 15pc on the year before at £13.5m.
Avanti said it was on track to deliver revenue growth of 50pc in 2016. Last week the company revealed it had won a £20m con-tract to supply EE.
The good news was a buy signal for investors as the share price surged 2pc, or 1.75p, to 87.25p.
SHARES in oil and gas firm Frontera drilled down after it issued 180m new shares. Frontera said considerable progress was being made on its South Kakheti site in Georgia. This year Frontera has produced up to 750 barrels of oil a day in its testing operations. Hopes of producing more than 7m cubic feet of gas a day had been delayed because the Ministry of Energy had discouraged investment in ongoing exploration of natural gas resources. Frontera is in talks with the ministry. Shares fell 7.4pc, or 0.02p, to 0.32p.
1.0
0.8
0.6
0.4
0.2
Pence
Sour
ce: G
oogl
e Fi
nanc
e
J J S O DN J F M A MA
FronteraResourcesClose: 0.32p
stock wAtch
by HollyBlack
Daily Mail, Tuesday, May 17, 2016Page 68
FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6151.40
12.900.21%
H:7069.93� L:5499.51
16699.3249.020.29%
H:18393.16� L:15142.31
3377.837.500.22%
H:3839.47� L:3031.01
17710.71175.391.00%
H:18351.36� L:15370.33
16466.4054.190.33%
H:20952.71� L:14865.77
19883.95164.660.83%
H:28524.60� L:18278.80
9952.90
closed
H:11920.31� L:8699.29
$49.10$1.29perbarrel
H: 49.10� L: 27.88
$1275.34$5.26troyoz
H: 1293.09� L: 1051.36
Tourist rates£1 BUYS
Aus$ . . . . . . . . 1.87Can$ . . . . . . . . 1.77
DenKr. . . . . . 8.98Euro€ . . . . . . . 1.21
Jpn¥ . . . . .148.68NZ$. . . . . . . . . . 1.97
SAR. . . . . . . . 20.87SwFr. . . . . . . . .1.33
Turkl. . . . . . . . 4.03US$. . . . . . . . . . 1.37
w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly
1.4402 0.0053
HIGH: 1.5882 LOW: 1.3868
£/$ £/€ 1.2710 0.0010
HIGH: 1.4399 LOW: 1.2366
Anglo American 609.50p 5.41%Restaurant Group 303.90p 5.30%Evraz 121.10p 5.12%Victrex 1502.00p 5.04%Tullow Oil 260.90p 4.99%
Broker confidenceDelivery food trialCommodity hopesGood tradingOil price rebound
Drax 292.50p 6.79%Entertainment One 170.90p 4.63%Jimmy Choo 116.00p 2.68%Euromoney 954.50p 2.60%SuperGroup 1363.00p 2.50%
top RiseRs closing dailyprice change reason
top FALLeRs closing dailyprice change reason
Broker downgradeSector concernsSales slipInvestor sentimentBusiness changes
High Low
BANKS +0.2%
BUILDING +0.9%
BUSINESS SERVICES +0.4%
CHEMICALS +0.9%
DRINKS -0.1%
ELECTRONICS +0.2%
ENGINEERING +0.7%
FINANCIAL COMPANIES 0.0%
FOOD MANUFACTURING +0.1%
HEALTH -0.7%
INDUSTRIALS +0.3%
INSURANCE +0.3%
INVESTMENT TRUSTS 0.0%
IT & INTERNET +0.1%
IT HARDWARE +1.4%
LEISURE +0.1%
MEDIA -0.2%
MINING +2.1%
OIL & GAS +1.1%
PHARMACEUTICALS -0.5%
POWER & WATER -0.7%
PROPERTY -0.2%
RETAILERS +0.5%
TELECOMS -0.5%
TRANSPORT +0.3%
High Low
High Low High Low High Low High Low
High Low
Lonmin returns to profit and shares climb by 20pc
market reportLonmin’s shares shone through by climbing almost 20pc after it turned a £4m first-half loss a year ago into earnings of £25m.
In its half-year results the pre-cious metals producer said cost savings were well ahead of sched-ule and it now had £80m in net cash, compared to debts of £128m six months ago.
Lonmin, the third largest pro-ducer of platinum in the world, offered shareholders £270m of shares in a rights issue last Novem-ber as the price of the precious metal plummeted and high costs pushed the firm to the brink.
The business offered 27bn shares at 1p each, a fraction of the price they closed at. A year ago its shares were priced at 1692p.
It was the third time in six years the group had turned to investors for a cash boost.
Yesterday chief executive Ben Magara said of the results: ‘We’ve done what we said we’d do.’
Some 5,433 employees have left the group, with 1,428 more rede-ployed within the business.
The group produced some 348,885 ounces of platinum, a third more than a year ago. It expects to sell
700,000 ounces this year. Despite its progress, Liberum has a sell rat-ing on the stock. It said ‘South Africa remains a difficult place to do business’.
Unions in the country are meet-ing later this week to discuss wages ahead of forthcoming negotiations. Lonmin said it expects firm demand for platinum from the automotive and chemical industries, though diesel and China’s economic slow-down are concerns.
Its shares strengthened 19.9pc, or 32.25p, to 195p. Lonmin wasn’t the only mining company having a good day, the sector kept the FTsE100 just about in the black, up 0.2pc, or 12.9 points, to 6151.40.
Anglo American was the biggest climber of the day, its shares
advanced 5.4pc, or 31.3p, to 609.5p. Bank of America Merrill Lynch almost doubled its target price for the miner from 415p to 800p.
Antofagasta gained 3.4pc, or 13.8p, to 425.6p despite a setback in its progress getting an environmen-tal permit for its mine in Chile.
It was the first day of trading for newly-created EVR Holdings.Investment company Armstrong Ventures acquired virtual reality content creator Melody VR in a reverse takeover deal (where a smaller company buys a larger one) back in April for £5.1m.
After the acquisition was com-plete Armstrong cancelled its shares and EVR Holdings, borne out of the merger of the two busi-nesses, started trading yesterday. Melody VR creates virtual reality music experiences.
It means you can feel like you’re at a concert, even on stage with the artist, when really you’re wearing a headset in your own home.
The firm says it allows people to experience an event even if they can’t get to it because of location, cost, age restrictions or because it has sold out.
Virtual reality is expected to
become increasingly popular. Google released a head-mounted display in 2014 and reported 5m headset sales in the subsequent 18 months. It also said some 25m vir-tual reality apps had been down-loaded from its store.
Since then Samsung and HTC have also released similar headsets. Some estimates show that more than 83m virtual reality devices could be sold by 2018.
It was a positive first day on the market for EVR, investors weren’t imagining things when shares ticked up 5pc, or 0.05p, to 1.05p.
Satellite data communications firm Avanti was on investors’ radars after chairman Paul Walsh bought up 230,000 shares in the company at 89.5p each.
In a third quarter trading update yesterday the firm said revenue was up nearly 15pc on the year before at £13.5m.
Avanti said it was on track to deliver revenue growth of 50pc in 2016. Last week the company revealed it had won a £20m con-tract to supply EE.
The good news was a buy signal for investors as the share price surged 2pc, or 1.75p, to 87.25p.
SHARES in oil and gas firm Frontera drilled down after it issued 180m new shares. Frontera said considerable progress was being made on its South Kakheti site in Georgia. This year Frontera has produced up to 750 barrels of oil a day in its testing operations. Hopes of producing more than 7m cubic feet of gas a day had been delayed because the Ministry of Energy had discouraged investment in ongoing exploration of natural gas resources. Frontera is in talks with the ministry. Shares fell 7.4pc, or 0.02p, to 0.32p.
1.0
0.8
0.6
0.4
0.2
Pence
Sour
ce: G
oogl
e Fi
nanc
e
J J S O DN J F M A MA
FronteraResourcesClose: 0.32p
stock wAtch
by HollyBlack
Daily Mail, Tuesday, May 17, 2016Page 68
FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6151.40
12.900.21%
H:7069.93� L:5499.51
16699.3249.020.29%
H:18393.16� L:15142.31
3377.837.500.22%
H:3839.47� L:3031.01
17710.71175.391.00%
H:18351.36� L:15370.33
16466.4054.190.33%
H:20952.71� L:14865.77
19883.95164.660.83%
H:28524.60� L:18278.80
9952.90
closed
H:11920.31� L:8699.29
$49.10$1.29perbarrel
H: 49.10� L: 27.88
$1275.34$5.26troyoz
H: 1293.09� L: 1051.36
Tourist rates£1 BUYS
Aus$ . . . . . . . . 1.87Can$ . . . . . . . . 1.77
DenKr. . . . . . 8.98Euro€ . . . . . . . 1.21
Jpn¥ . . . . .148.68NZ$. . . . . . . . . . 1.97
SAR. . . . . . . . 20.87SwFr. . . . . . . . .1.33
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Lonmin returns to profit and shares climb by 20pc
market reportLonmin’s shares shone through by climbing almost 20pc after it turned a £4m first-half loss a year ago into earnings of £25m.
In its half-year results the pre-cious metals producer said cost savings were well ahead of sched-ule and it now had £80m in net cash, compared to debts of £128m six months ago.
Lonmin, the third largest pro-ducer of platinum in the world, offered shareholders £270m of shares in a rights issue last Novem-ber as the price of the precious metal plummeted and high costs pushed the firm to the brink.
The business offered 27bn shares at 1p each, a fraction of the price they closed at. A year ago its shares were priced at 1692p.
It was the third time in six years the group had turned to investors for a cash boost.
Yesterday chief executive Ben Magara said of the results: ‘We’ve done what we said we’d do.’
Some 5,433 employees have left the group, with 1,428 more rede-ployed within the business.
The group produced some 348,885 ounces of platinum, a third more than a year ago. It expects to sell
700,000 ounces this year. Despite its progress, Liberum has a sell rat-ing on the stock. It said ‘South Africa remains a difficult place to do business’.
Unions in the country are meet-ing later this week to discuss wages ahead of forthcoming negotiations. Lonmin said it expects firm demand for platinum from the automotive and chemical industries, though diesel and China’s economic slow-down are concerns.
Its shares strengthened 19.9pc, or 32.25p, to 195p. Lonmin wasn’t the only mining company having a good day, the sector kept the FTsE100 just about in the black, up 0.2pc, or 12.9 points, to 6151.40.
Anglo American was the biggest climber of the day, its shares
advanced 5.4pc, or 31.3p, to 609.5p. Bank of America Merrill Lynch almost doubled its target price for the miner from 415p to 800p.
Antofagasta gained 3.4pc, or 13.8p, to 425.6p despite a setback in its progress getting an environmen-tal permit for its mine in Chile.
It was the first day of trading for newly-created EVR Holdings.Investment company Armstrong Ventures acquired virtual reality content creator Melody VR in a reverse takeover deal (where a smaller company buys a larger one) back in April for £5.1m.
After the acquisition was com-plete Armstrong cancelled its shares and EVR Holdings, borne out of the merger of the two busi-nesses, started trading yesterday. Melody VR creates virtual reality music experiences.
It means you can feel like you’re at a concert, even on stage with the artist, when really you’re wearing a headset in your own home.
The firm says it allows people to experience an event even if they can’t get to it because of location, cost, age restrictions or because it has sold out.
Virtual reality is expected to
become increasingly popular. Google released a head-mounted display in 2014 and reported 5m headset sales in the subsequent 18 months. It also said some 25m vir-tual reality apps had been down-loaded from its store.
Since then Samsung and HTC have also released similar headsets. Some estimates show that more than 83m virtual reality devices could be sold by 2018.
It was a positive first day on the market for EVR, investors weren’t imagining things when shares ticked up 5pc, or 0.05p, to 1.05p.
Satellite data communications firm Avanti was on investors’ radars after chairman Paul Walsh bought up 230,000 shares in the company at 89.5p each.
In a third quarter trading update yesterday the firm said revenue was up nearly 15pc on the year before at £13.5m.
Avanti said it was on track to deliver revenue growth of 50pc in 2016. Last week the company revealed it had won a £20m con-tract to supply EE.
The good news was a buy signal for investors as the share price surged 2pc, or 1.75p, to 87.25p.
SHARES in oil and gas firm Frontera drilled down after it issued 180m new shares. Frontera said considerable progress was being made on its South Kakheti site in Georgia. This year Frontera has produced up to 750 barrels of oil a day in its testing operations. Hopes of producing more than 7m cubic feet of gas a day had been delayed because the Ministry of Energy had discouraged investment in ongoing exploration of natural gas resources. Frontera is in talks with the ministry. Shares fell 7.4pc, or 0.02p, to 0.32p.
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by HollyBlack
