Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRange Resources Share News (RRL)

  • There is currently no data for RRL

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Wednesday tips round-up: Prudential, Drax, Britvic

Wed, 19th May 2010 06:45

If you can't afford the rights - or are unwilling to stump up the cash - the Telegraph thinks it is best to sell all of your Prudential holding alongside your rights, rather than be diluted out of the dividend and earnings to this extent. Sell up and walk away. Hopefully investors who do this will not have to crystalise significant losses, unless the shares were bought near the peak in 2000. If you can afford to take up your rights then you should do so. Mr Thiam's Asian adventure has a lot of risk associated with it - but if he manages to pull it off, growth should be impressive the paper suggests.Drax argues its argues that the share price is held to ransom by the "dark green spread", which is related to power prices. There may be investors that think it's a bargain, and it is certainly true that the shares are inexpensive at their current value. The group is also doing interesting work with biomass power. This will take some time to come online, however, and for now avoid says the Independent.Shareholders in Britvic will be hoping that its latest purchase will prove better than its last. But the share price reaction to the €237m takeover of France's Fruité suggests that investors are willing to give Britvic the benefit of the doubt. At 458¾p, or 13 times earnings, Britvic's shares trade at a discount to its sector and provide a 4.1% dividend yield ? not dear given forecast earnings growth of more than 20% this year. Hold says the Times.SSL, which also owns the Scholl footcare brand, reported headline sales up 25% to £803m. However, when currency movements and acquisitions were stripped out, underlying sales advanced by less than 2%. SSL is virtually debt-free but at 818½p, down 6½p, the shares trade at 21 times current-year earnings and offer a negligible 1.3% dividend yield. Pass says the Times.The Independent says question is whether SSL's premium is justified and says given the uncertain economic picture, and increasingly volatile market backdrop, it is. SSL's products are unlikely to go out of fashion anytime soon. Buy.Schools software group RM is operating in an excellent global market and the shares look undervalued, but uncertainty over education budgets will limit gains. Still, supported by the 3.6% yield, buy says the Telegraph.Range Resource's assets in Somalia could be highly lucrative and shareholders would have a day to remember if the project holds as much oil as the company hopes. The market is yet to price in the project. Buy says the Independent.Bookmaker Paddy Power continues to benefit from its heavy investment in "specials" but it is its aggressive online strategy in international markets that will drive its growth and dilute any negative impact from the threat of an online betting tax in its home market. At €26, or 13 times earnings, buy says the Times.Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.
More News
9 Oct 2020 13:39

Star Phoenix further reduces costs in oilfield services business

(Sharecast News) - Oil, gas and oilfield services company Star Phoenix updated the market on its oilfield services operations on Friday, reporting that it had further cut the ongoing costs of its RRDSL division in light of the Covid-19 pandemic.

Read more
1 Jun 2020 10:47

Star Phoenix extends cash due date for LandOcean Energy

(Sharecast News) - Oil, gas and oilfield services company Star Phoenix has agreed to provide an extension to LandOcean Energy Services to provide the remaining cash consideration of $0.46m, including an interest rate of 8% per annum, it announced on Monday.

Read more
16 Mar 2020 11:09

Star Phoenix narrows net loss after offloading Trinidad operations

(Sharecast News) - Trinidad and Indonesia-focussed oil and gas company Star Phoenix reported revenues from upstream operations of $5.4m in its first half on Monday, down from $6.4m year-on-year, and of $0.03m from oilfield services, falling from $0.6m.

Read more
17 Jan 2020 11:36

Star Phoenix gets go-ahead for sale of Range Resources Trinidad

(Sharecast News) - Trinidad and Indonesia-focussed oil and gas company Star Phoenix has received the required approvals from Heritage Petroleum Company - the state oil and gas company of Trinidad and Tobago - for the sale of Range Resources Trinidad to LandOcean Energy Services, it announced on Friday.

Read more
29 Nov 2019 14:26

Range Resources Shareholders Agree Trinidad Sale, Name Change

Range Resources Shareholders Agree Trinidad Sale, Name Change

Read more
25 Nov 2019 14:10

Range Resources Extends Closing Date For Drilling Rigs Sale

Range Resources Extends Closing Date For Drilling Rigs Sale

Read more
22 Nov 2019 16:05

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
13 Nov 2019 18:17

Range Resources Says Ongoing Trinidad Tax Appeal Adjourned To January

Range Resources Says Ongoing Trinidad Tax Appeal Adjourned To January

Read more
8 Nov 2019 16:06

Range Resources extends closing date for drilling rig sale

(Sharecast News) - Oil and gas and oilfield services company Range Resources updated the market on the sale of four drilling rigs and related equipment of its subsidiary Range Resources Drilling Services on Friday.

Read more
8 Nov 2019 11:39

Range Resources Extends Rigs Sale Closing Date; To Receive Late Fee

Range Resources Extends Rigs Sale Closing Date; To Receive Late Fee

Read more
30 Oct 2019 15:46

Range Resources Quarterly Output Rises On Upgraded Storage Facilities

Range Resources Quarterly Output Rises On Upgraded Storage Facilities

Read more
24 Oct 2019 15:59

Range Resources Leaves ASX Due To Low Trading Volumes But Stays On AIM

Range Resources Leaves ASX Due To Low Trading Volumes But Stays On AIM

Read more
23 Oct 2019 14:51

Range Resources sells four drilling rigs to Wilson Energy Services

(Sharecast News) - Oil and gas and oilfield services company Range Resources has signed a sale and purchase agreement with Wilson Energy Services - a private company incorporated in Canada - for the sale of four drilling rigs and related equipment for a total cash consideration of $3.6m, it announced on Wednesday.

Read more
23 Oct 2019 10:30

UK WINNERS & LOSERS SUMMARY: Anto Rises, Fresnillo Falls After Updates

UK WINNERS & LOSERS SUMMARY: Anto Rises, Fresnillo Falls After Updates

Read more
23 Oct 2019 09:12

Range Resources To Sell Four Drill Rigs For USD3.6 Million

Range Resources To Sell Four Drill Rigs For USD3.6 Million

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.