Investors who want to cash in on Anglo Pacific Group plc’s (LSE:APF) upcoming dividend of £0.03 per share have only 3 days left to buy the shares before its ex-dividend date, 17 May 2018, in time for dividends payable on the 31 May 2018. Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into Anglo Pacific Group’s latest financial data to analyse its dividend attributes
https://finance.yahoo.com/news/only-3-d ... 12095.html
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Q1 2018 Trading Update
Anglo Pacific Group PLC (“Anglo Pacific”, the “Company” or the “Group”) (LSE: APF, TSX: APY), the London
and Toronto listed royalty company, issues the following trading update for the period 1 January 2018 to 15
May 2018. Unless otherwise stated, all unaudited financial information is for the quarter ended 31 March
▪ Total free cash flow generated in Q1 2018 of £13.3m, in line with the £13.4m generated in Q1 2017
▪ Cash at 31 March 2018 of £18.7m (31 December 2017: £8.1m), and full access to the US$40m undrawn
revolving credit facility
▪ Well-publicised longwall changeouts and production shortfalls at both Kestrel and Narrabri led to a 6%
reduction in income from the royalty portfolio compared to Q1 2017
▪ Volumes from Kestrel and Narrabri are expected to recover in the remaining three quarters, and neither
Rio Tinto nor Whitehaven have altered their guidance for FY 2018
▪ Lower volumes partially offset by the continued strength of commodity prices, in particular the price of
vanadium which has increased by 130% compared to Q1 2017
▪ Significant increase in revenue from Maracás Menchen in the period to £0.8m from £0.4m in Q1 2017 as
a result of strong operational performance and significant increases in the vanadium price
▪ Total contribution from the royalty portfolio of £7.9m in Q1 2018 (Q1 2017: £8.2m + £1.8m related to H2
▪ Received US$2.5m (£1.7m) in April 2018 in final settlement of the Indo Mines debenture as part of its
takeover by the Rajawali Group – the debenture was carried at £nil on the Group’s balance sheet
▪ Rio Tinto announced the sale of Kestrel for US$2.25bn, significantly in excess of what commentators had
expected the sale to achieve twelve months ago
https://www.anglopacificgroup.com/wp-co ... .pdf?ct=t()&mc_cid=bfec4a469a&mc_eid=8dbaa2cd92
Mr. Alvarez exercised 5,422 options to subscribe for new ordinary shares of 2 pence each in the Company, which were granted at 92.2p each, and subsequently sold those shares as detailed in the table below.
Following this notification, the total beneficial holding of Shares by Mr. Alvarez and his connected persons remains at 4,000 Shares representing 0.01% of the issued ordinary share capital of the Company.
Application has been made to the London Stock Exchange and admission is expected on or around 21 May 2018. An application has been made to the Toronto Stock Exchange (the "TSX") to list the new shares.
Following admission the total issued share capital of the Company will be 180,939,988 ordinary shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Following the vesting of the 2015 awards, the Company further announces that on 15 May 2018, it granted to employees a total of 21,378 options to buy ordinary shares of 2 pence each in the Company at an exercise price of £1.637 per share under the Anglo Pacific Group Company Share Option Plan ("CSOP"). Some of these options have been granted on the condition that previous options granted under the CSOP, the performance conditions of which have not been met, will be cancelled. Consequently, the Company expects outstanding options over 18,450 shares to be cancelled as a result of the grants.
https://finance.yahoo.com/news/anglo-pa ... 00736.html
APF has a substantial dividend yield of 4.73% and is currently distributing 118.96% of profits to shareholders . Although investors would have seen a few years of reduced payments, it has so far always picked up again, with dividends increasing from UK£0.073 to UK£0.074 over the past 10 years. Analysts are expecting an impressive triple digit earnings growth over the next three years. More detail on Anglo Pacific Group
https://finance.yahoo.com/news/energy-d ... 11131.html
Acquisition of a Royalty on the Cañariaco Copper Project
Highlights of the transaction:
• Attractive copper demand outlook
• Sizable Cañariaco Norte resource base:
o NI 43-101 M&I Resource of 7.5 billion pounds of contained copper; and,
o Projected life of mine average production of 262 million pounds of copper per annum. (1)
• Long mine life – Cañariaco Norte estimated mine life of 22 years with extension potential; (1)
• Substantial upside – Cañariaco Sur and Quebrada Verde integration potential;
• Expected to be a low-cost operation, no firm timeline for development as yet; (1)
• Established mining jurisdiction – located in an area of Peru with producing mines and projects
owned by Gold Fields Ltd., Newmont Mining Corp., Rio Tinto Plc, and Southern Copper Corp.
amongst others; and,
• Further diversifies Anglo Pacific’s development stage royalty portfolio mix.
https://www.anglopacificgroup.com/wp-co ... cement.pdf
Q2 2018 and Half Year 2018 Trading Update
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (as amended)
Anglo Pacific Group PLC (“Anglo Pacific”, the “Company” or the “Group”) (LSE: APF, TSX: APY), the London and Toronto listed royalty company, issues the following trading update for the period 1 April to 25 July 2018. Unless otherwise stated, all unaudited financial information is for the quarter or half year ended 30 June 2018.
This update is ahead of the release of the half year results on 23 August 2018.
~65% quarter on quarter and ~30% year on year increase in royalty income for Q2 2018 in the range of £11.0m - £11.5m (Q1 2018: £6.7m, Q2 2017: £8.6m)
~10% year on year increase in royalty income for the six months ended 30 June 2018, to £17.5m - £18.0m (H1 2017: £16.1m)
Cash received from Denison/McLean Lake of £1.5m – £1.7m in addition to the above royalty income for the six months ended 30 June 2018 (H1 2017: £1.5m)
~15% increase in total contribution* from royalty portfolio for the six months ended 30 June 2018 to £20.5m - £21.0m (H1 2017: £17.6m)
~165% increase in royalties from the Maracás Menchen vanadium mine, to a record £2.0m - £2.5m for H1 2018 (H1 2017: £0.8m) and already in advance of that received for 2017 as a whole
Strong performance from Kestrel, with H1 2018 royalty income in the range of £14.0m - £14.5m, up ~15% on the same period in 2017 driven mainly by higher coal prices
Kestrel volumes more than doubled in Q2 2018 compared to Q1 2018, and we expect production to remain at these levels into H2 2018, setting the stage for a strong full year
Technical issues continue to persist at Narrabri, with H1 2018 royalty income down ~25% on the same period in 2017 to between £1.0m - £1.5m
Closing of the Candente royalty acquisition, which provides longer term exposure to copper and has the potential to further diversify the Group’s exposure to Kestrel
https://www.anglopacificgroup.com/wp-co ... .pdf?ct=t()&mc_cid=2a243ee2b9&mc_eid=8dbaa2cd92
Anglo Pacific Group PLC (“ANGLO PACIFIC”, the “COMPANY”) (LSE: APF, TSX: APY) is pleased to announce that it has acquired a 4.25% shareholding in Labrador Iron Ore Royalty Corp (“LIORC”) at an investment cost of ~US$50 million (C$65.5 million, ~£38 million). LIORC is listed on the Toronto stock exchange (TSX:LIF) and has a market capitalisation of approximately C$1.5 billion.
LIORC is structured as a passive flow-through entity for a 7% Gross Revenue Royalty (“GRR”) and a C$0.10 per tonne commission on all iron ore products sold by the Iron Ore Company of Canada (“IOC”). In addition, LIORC has a 15.1% equity position in IOC. LIORC has a policy of paying quarterly cash dividends to the maximum extent possible subject to the maintenance of appropriate levels of working capital. LIORC declared dividend payments of C$169.6 million in 2017, and currently has an historical 2017 dividend yield of ~11%.
IOC is operated by Rio Tinto, with mining and processing operations located in the area of Labrador City, Canada. IOC is one of Canada’s largest iron ore producers, and is among the top five global producers of seaborne iron ore pellets. IOC also sells an iron ore concentrate product based on the 65% Fe index. The current differential between the Platts indices for 65% Fe concentrate and 62% Fe concentrate has widened to ~US$27 per tonne, the highest spread in recent years.
Anglo Pacific views this investment as an attractive addition to its portfolio, providing exposure to the premium end of the iron ore concentrate and high margin pellet markets, on terms which are immediately accretive. Anglo Pacific will report LIORC dividends received, which are funded by the 7% GRR receipts proceeds and IOC dividends paid to LIORC, as royalty related revenue reflecting the long-term nature of the investment.
https://www.anglopacificgroup.com/purch ... alty-corp/
https://www.directorstalk.net/ceo-qa-wi ... lc-lonapf/