Petropavlovsk

Petropavlovsk is engaged in the mining of precious and non-precious metals which require it to hold licences which permit it to explore and mine in particular areas in Russia. Co.'s reportable segments, which are aligned with its operating locations, are Pokrovskiy, Pioneer, Malomir and Albyn hard-rock gold mines which are engaged in gold and silver production as well as field exploration and mine development.
  • TickerPOG
  • ISINGB0031544546
  • ExchangeLondon Stock Exchange
  • SectorMining
  • CountryUnited Kingdom

Analysts

Philip Morrish

Value Indicator - UK Basic Resources 18112019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of th Basic Resources sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 18112019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoed companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 04112019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 04112019

Currently '(TM) Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quuoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

BCS Fixed Income Daily: Petropavlovsk, Norilsk Nickel, HCF Bank

Trade optimism v Brexit angst Ahead: Yet more crosscurrents. The US-China trade front offers fodder for the bulls – Chief economic adviser Kudlow said it is possible that the threatened 15 December tariff hikes may be lifted if trade talks continue to go well. Sentiment will continue to be tempered as the Brexit saga continues – UK PM Johnson has submitted the Withdrawal Agreement Bill to Parliament for a vote; passage would set the stage for Brexit, albeit passage and exit by the 31 October deadline are longshots. Mark S Bradford, For more details, please contact: Oleg Achkasov ( / ...

Kiti Pantskhava

Petropavlovsk: Three reasons to upgrade; Buy

Turnaround delivered. Petropavlovsk has been successfully rebuilding its operating and financial credibility over the past year. The company (1) finished, tested and launched the state-of-the-art pressure oxidation facility (POX), (2) refinanced its debt and, (3) has recently benefitted from rallying gold prices.

Kiti Pantskhava

Petropavlovsk: US$100mn convertible bonds getting refinanced

Petropavlovsk has launched a liability management transaction to refinance US$100mn convertible bonds due March 2020, offering to redeem them at 108 plus accrued interest. The company plans to issue up to US$125mn of new convertible bonds to finance the transaction if the current holders agree to tender all outstanding bonds or amend covenants.

Kiti Pantskhava

Petropavlovsk: A turning point for business, not cash flows

Reiterate Hold. With refractory reserves unlocked by the up and running POX Hub facilities and immediate liquidity concerns lifted after the refinancing of the IRC loan, Petropavlovsk’s credit story has approached a turning point. However, the company’s FY results, management guidance and comments about processing of third-party concentrate suggest to us that Petropavlovsk will continue to rely on advance gold sale agreements to bankroll its operations in 2019. We do not expect the company to deleverage in 2019, but acknowledge that positive operating and liquidity developments are likely to s...

Kiti Pantskhava

Petropavlovsk: Bonds rally, but fundamentals change little

POGLN 22s have rallied considerably since December. Initially driven by positive milestones reached by the POX facility and further fuelled by details of the IRC loan restructuring, the bonds rallied to 77 from 74, according to Bloomberg indicative mid-prices. The most recent leg of the rally, which drove prices to above 85 from 77 in a decisive five-day increase, seemed puzzling at first, but the magnitude of the change was hard to ignore. According to a Bloomberg article on 16 January, Kenes Rakishev, who beneficially controls 20.2% of Petropavlovsk voting shares, has been in talks with othe...

Kiti Pantskhava

Petropavlovsk: Positive news on POX offset by possible delay in IRC refinancing

Hot commissioning of the pressure oxidation facility is under way and, in December, the first gold could be produced. This is in line with the previously disclosed schedule, if not slightly ahead of it. This positive news is offset by possible delays to the IRC loan refinancing.

BCS Equity Daily: Rosneft, Steel, Petropavlovsk, HGM, Acron, Detsky Mir, O’Key

Trade optimism v Brexit angst Ahead: Yet more crosscurrents. The US-China trade front offers fodder for the bulls – Chief economic adviser Kudlow said it is possible that the threatened 15 December tariff hikes may be lifted if trade talks continue to go well. Sentiment will continue to be tempered as the Brexit saga continues – UK PM Johnson has submitted the Withdrawal Agreement Bill to Parliament for a vote; passage would set the stage for Brexit, albeit passage and exit by the 31 October deadline are longshots. US up, Asia down. US (S&P 500 +0.69%, DJIA +0.21%, NASDAQ +0.91%). Asia th...

Artem Bagdasaryan ...
  • Kirill Chuyko
  • Oleg Petropavlovskiy

BCS M&M Strategy: Metals & Mining – Less Buys, more Holds

Our outlook for M&M names has mostly worsened – we now have fewer Buys, while those remaining are mostly macro-driven. - Buys: No high-conviction ideas, only valuation calls this time o TMK with a strong trigger, IPSCO sale; ALRS on stronger market in 2020 - Holds: PLZL – No upside left; HGM, MNOD showed strong 1H19 - Sells: EVR and AKRN – the highest conviction; POLY looks overheated - M2M Valuations: RUAL, KAZ, TMKS – the most attractive Kirill Chuyko, Managing Director, Head of Research, Oleg Petropavlovskiy, Director, Senior Analyst, Artem Bagdasaryan, Associate, Analyst, For mor...

BCS Equity Daily: Oil & Gas, Gazprom, Lukoil, Petropavlovsk, Alrosa, Sberbank, Headhunter

Little movement ahead of large events Ahead: No conviction either way. The narrative stands; investors believe that the trade war is unlikely to escalate ahead of the next round of talks in October (in fact, recent rhetoric looks fairly optimistic – but don’t count your chickens) and that the sky is not falling for growth prospects yet – it’s now up to the ECB meet on Thursday and US retail sales report for August on Friday to prove otherwise. So, until then, expect more of the same; some consolidation capping upside as the skittish take profit, but the majority holding fast for now. US mix...

BCS Equity Daily: Economics, Oil, Petropavlovsk, Sberbank

Making hay while the sun shines Week Ahead: Last week’s optimism set to continue. With US-China talks in October and the US Fed expected to cut the key rate later this month, as well as an apparent thawing in Russian-Ukrainian relations (the countries completed a prisoner exchange on Saturday), investors are unlikely to sell off for now. That said, from a geopolitical view, little has changed, with several key risks still in play (Hong Kong, Brexit) and, although seemingly on hold for now, the threat of a global recession still lingers on. Markets may be making gains while they can, but will ...

BCS Equity Daily: Index Alert, Surgutneftegas, Petropavlovsk, Globaltrans

Finding footing amid global economic slowdown Ahead: Stormy weather – Macro data, EM anxiety. With global macro data still signaling a slowdown, today’s release of US manufacturing PMI will be in focus – weakness would suggest expectations of a key rate cut this month are on point, whereas strength could give the Fed impetus to hold the rate as is. On the latter, the markets may react counterintuitively – a lower rate is essentially priced in now and any arguments against a cut could cause some to think twice. Elsewhere, the potential for chaos in the UK has risen and may continue to rise tod...

2 directors bought

Two Directors at Petropavlovsk bought 500,000 shares at between 10.0p and 10.0p. The significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. Th...

Roger Bade

Sector Overview - US dollar very weak

In a race to the bottom for the US dollar, the local gold price slipped a couple of pounds per ounce (£/oz) to just under £955/oz. It was a totally different story for US dollar priced commodities. Silver was also helped by a recovery from the previous day’s fall, which had occurred in response to US tariffs on solar panels. It is argued that growth elsewhere, particularly in China, will make up for any shortfall in US demand.

Philip Morrish

Value Indicator - UK Basic Resources 18112019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of th Basic Resources sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 18112019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoed companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 04112019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 04112019

Currently '(TM) Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quuoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 21102019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the Basic Resources super sector of quoted companies on the the London Stock Exchange's main market that provides the user with indicative longer-term target prices.

BCS Fixed Income Daily: Petropavlovsk, Norilsk Nickel, HCF Bank

Trade optimism v Brexit angst Ahead: Yet more crosscurrents. The US-China trade front offers fodder for the bulls – Chief economic adviser Kudlow said it is possible that the threatened 15 December tariff hikes may be lifted if trade talks continue to go well. Sentiment will continue to be tempered as the Brexit saga continues – UK PM Johnson has submitted the Withdrawal Agreement Bill to Parliament for a vote; passage would set the stage for Brexit, albeit passage and exit by the 31 October deadline are longshots. Mark S Bradford, For more details, please contact: Oleg Achkasov ( / ...

BCS Fixed Income Daily: Petropavlovsk

US-China talks – ‘Partial’ deal eyed Ahead: Buying into hope, cautiously. Session dynamics will be dominated by and reflect the hopes and fears vis-à-vis the outcome of US-China trade talks, commencing today in Washington. Indeed, absent any real progress, Trump has threatened to levy an additional $250bn on Chinese goods effective 15 October – if applied, certain to stoke fears of recession. Now, each camp appears to be gearing for a ‘partial’ deal – to this end, Trump may re-introduce a previously agreed currency pact with China and make concessions on Huawei; China is bringing “real offer...

BCS Fixed Income Daily: Petropavlovsk, VEON

Little movement ahead of large events Ahead: No conviction either way. The narrative stands; investors believe that the trade war is unlikely to escalate ahead of the next round of talks in October (in fact, recent rhetoric looks fairly optimistic – but don’t count your chickens) and that the sky is not falling for growth prospects yet – it’s now up to the ECB meet on Thursday and US retail sales report for August on Friday to prove otherwise. So, until then, expect more of the same; some consolidation capping upside as the skittish take profit, but the majority holding fast for now. Seb Ba...

BCS Fixed Income Daily: Petropavlovsk

Finding footing amid global economic slowdown Ahead: Stormy weather – Macro data, EM anxiety. With global macro data still signaling a slowdown, today’s release of US manufacturing PMI will be in focus – weakness would suggest expectations of a key rate cut this month are on point, whereas strength could give the Fed impetus to hold the rate as is. On the latter, the markets may react counterintuitively – a lower rate is essentially priced in now and any arguments against a cut could cause some to think twice. Elsewhere, the potential for chaos in the UK has risen and may continue to rise tod...

BCS Fixed Income Daily: Petropavlovsk

US Mfg sags, US/EZ PMI eyed – QE bets operative Ahead: Bullish bias. Brent is steadily courting $64/bbl, lifted by tension over Iran, and gathering expectation that central banks will either telegraph easing (ECB Thursday, CBR Friday) or implement (US Fed) another round of loose monetary policy. The increased impetus for central bank largess stems from another material miss – US Richmond Fed manufacturing plunged (to -12 print vs 4.5 cons-s and 2 prior). Against this backdrop, markets will pay keen attention to US and Eurozone PMI reports (on deck today) – a disappoint here could ratchet up p...

MarketLine Department

Polyus - Strategy, SWOT and Corporate Finance Report

Summary Polyus - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Polyus, a subsidiary of Polyus Gold International Ltd, is a gold mining company. It operates mines and deposits in Russia and is considered as one of the largest gold mining companies in Russia. The company’s operating mines include Olimpiada, Blagodatnoye, Verninskoye, Alluvials and Kuranakh. It oper...

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