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

BCS Equity Daily: Gazprom Neft, Steels, Petropavlovsk, Alrosa, BSPB, Inter RAO

US-China risk, COVID hopes/uncertainty Week Ahead: Volatile, in a word. Trade is again likely to reflect some optimism over a potential vaccine for COVID-19 and a kick-start to global growth as economies increasingly re-open for business. And Brent is ticking higher, above $35/bbl – a function of growth hopes and drawdown in crude stockpiles. However, sentiment and upside will likely be capped on US-China jousting and lingering COVID uncertainty. The US threatened to impose sanctions on China if Beijing adopts the proposed new national security law, which the White House National Security c...

Equity Weekly 200520

Company Events: (* preview included in the Equity Weekly) Friday, 22/05/2020 PL: Bank Pekao SA, AGM AT: UNIQA, 1Q Earnings Release* RU: InterRAO, 1Q Earnings Release* Monday, 25/05/2020 AT: UNIQA, AGM Tuesday, 26/05/2020 AT: CA Immo, 1Q Earnings Release* PL: PGE, 1Q Earnings Release PL: PZU, AGM AT: S IMMO, 1Q Earnings Release AT: UBM Development, 1Q Earnings Release Wednesday, 27/05/2020 PL: Ciech, 1Q Earnings Release AT: IMMOFINANZ, 1Q Earnings Release RU: Petropavlovsk, 2H Earnings Release* Thursday, 28/05/2020 PL: Energa, Annual report publication PL: Energa, 4Q Earnings Release ...

With a more favourable environment, PETROPAVLOVSK PLC. improves to Positive

PETROPAVLOVSK PLC. (GB), a company active in the Gold Mining industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date May 19, 2020, the closing price was GBp 25.75 and its potential was estimated at GBp 30.53.

Artem Bagdasaryan ...
  • Kirill Chuyko
  • Oleg Petropavlovskiy

BCS Downgrade: Gold – Shine fades as rally loses steam

We downgrade all names in the Russian Gold Sector to a Hold. Our TPs – increased by 6-22% – now reflect the gold rally, but further price upside is limited and production is maxed for now. – Upside for gold price limited – US inflationary boom unlikely in S-T o Jewelry demand to remain weak, but supply issues resolving – Limited production growth + stable gold price = little upside in stock prices – Dividend yields at 5-6% for majors – Solid, but upside limited – Global financial system looks stable fueled by low interest rates – Valuations now close to fair for both majors and smaller ...

Raiffeisen Centrobank Equity Daily 13.05.2020

 MSCI May Index Review - Standard indices (STD) changes: DEL: AmRest (to SC), Bank Millennium (to SC), CCC (to SC), Transneft; SmallCap indices (SC) changes: ADD: Verallia, Bank Handlowy, Petropavlovsk; DEL: PKP Cargo  AT: AT&S - 2019/20 DPS proposal of EUR 0.25/share (positive)  AT: Flughafen Wien - Uncertain future of Ryanair business model at Vienna Airport (negative)  AT: UNIQA - RBI CEO Johann Strobl proposed as new member of supervisory board (neutral)  AT: Verbund - 1Q 20 slightly below RCBe and consensus, guidance lowered by 5-7% on EBITDA, 8-11% on net profit (negative)  CZ: CEZ...

Petropavlovsk: 1 director bought

A director at Petropavlovsk bought 17,400,000 shares at 13p and the significance rating of the trade was 100/100. 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. The names of board...

BCS Equity Daily: Gazprom Neft, Steels, Petropavlovsk, Alrosa, BSPB, Inter RAO

US-China risk, COVID hopes/uncertainty Week Ahead: Volatile, in a word. Trade is again likely to reflect some optimism over a potential vaccine for COVID-19 and a kick-start to global growth as economies increasingly re-open for business. And Brent is ticking higher, above $35/bbl – a function of growth hopes and drawdown in crude stockpiles. However, sentiment and upside will likely be capped on US-China jousting and lingering COVID uncertainty. The US threatened to impose sanctions on China if Beijing adopts the proposed new national security law, which the White House National Security c...

Equity Weekly 200520

Company Events: (* preview included in the Equity Weekly) Friday, 22/05/2020 PL: Bank Pekao SA, AGM AT: UNIQA, 1Q Earnings Release* RU: InterRAO, 1Q Earnings Release* Monday, 25/05/2020 AT: UNIQA, AGM Tuesday, 26/05/2020 AT: CA Immo, 1Q Earnings Release* PL: PGE, 1Q Earnings Release PL: PZU, AGM AT: S IMMO, 1Q Earnings Release AT: UBM Development, 1Q Earnings Release Wednesday, 27/05/2020 PL: Ciech, 1Q Earnings Release AT: IMMOFINANZ, 1Q Earnings Release RU: Petropavlovsk, 2H Earnings Release* Thursday, 28/05/2020 PL: Energa, Annual report publication PL: Energa, 4Q Earnings Release ...

Artem Bagdasaryan ...
  • Kirill Chuyko
  • Oleg Petropavlovskiy

BCS Downgrade: Gold – Shine fades as rally loses steam

We downgrade all names in the Russian Gold Sector to a Hold. Our TPs – increased by 6-22% – now reflect the gold rally, but further price upside is limited and production is maxed for now. – Upside for gold price limited – US inflationary boom unlikely in S-T o Jewelry demand to remain weak, but supply issues resolving – Limited production growth + stable gold price = little upside in stock prices – Dividend yields at 5-6% for majors – Solid, but upside limited – Global financial system looks stable fueled by low interest rates – Valuations now close to fair for both majors and smaller ...

Raiffeisen Centrobank Equity Daily 13.05.2020

 MSCI May Index Review - Standard indices (STD) changes: DEL: AmRest (to SC), Bank Millennium (to SC), CCC (to SC), Transneft; SmallCap indices (SC) changes: ADD: Verallia, Bank Handlowy, Petropavlovsk; DEL: PKP Cargo  AT: AT&S - 2019/20 DPS proposal of EUR 0.25/share (positive)  AT: Flughafen Wien - Uncertain future of Ryanair business model at Vienna Airport (negative)  AT: UNIQA - RBI CEO Johann Strobl proposed as new member of supervisory board (neutral)  AT: Verbund - 1Q 20 slightly below RCBe and consensus, guidance lowered by 5-7% on EBITDA, 8-11% on net profit (negative)  CZ: CEZ...

Raiffeisen Centrobank Equity Daily 30.04.2020

 AT: AMAG - Underlying 1Q EBITDA ca. 10% ahead of RCBe, company flags noticeable earnings decline in FY 20 (neutral)  AT: Andritz - 1Q 20 results: order intake in line, results sligthtly weaker, guidance remains suspended (neutral)  AT: Erste Group - 1Q in line, with sound core revenues, negative trading result and still low COR; CET1 as weak spot (neutral)  AT: EVN - EVN lowers FY 19/20 on impairments and delay of Kuwait project (neutral)  AT: Palfinger - After double-digit top line decline in 1Q, pressure to intensify (negative)  AT: Vienna Insurance Group - FY 19 results in line with ...

BCS Fixed Income Daily: Petropavlovsk

Sea of red on COVID-19 – Brent, Ruble hit Ahead: Bucking trend not likely. Global bourses are deep red, spooked by the un-abating spread of COVID-19 that has sent economic growth outlook spiraling downward. The consequent sapping of demand, together with an expected hit from the supply side (Saudi Arabia and Russia prepare to ramp up production), have sent Brent and the ruble plummeting. The Russia trade is set for another rocky ride. For more details, please contact: Oleg Achkasov ( / / ) Luis Saenz ( / / 23)

BCS Fixed Income Daily: Petropavlovsk, EuroChem, TMK, Nordgold

Recovery continues Ahead: Virus fears wane, but strong growth drivers absent. The miracle cure to the coronavirus, news of which likely supported yesterday’s gains, is still a long way off becoming a marketable drug. Meanwhile, the Chinese economy will continue to slow, infecting commodity prices and providing a drag on global financial markets. Against this, any so-called rally cannot be said to be founded on sustainable growth. Still, yesterday’s macro data in the West did positively surprise and opportunistic buying may continue, especially if the oil price supports. All told, the virus’ M...

BCS Fixed Income Daily: Fund Flows, Economics, Petropavlovsk, Polyus

Brent v Coronavirus contagion, frothy heights Ahead: Choppy trade in play. Déjà vu, the same variables will dictate the directions of trade, which translates into choppy waters ahead. To the upside, December industrial production accelerated strongly after almost coming to a standstill in November – BCS expects the trend to continue into 2020. Also positive, Brent has recouped some losses, albeit upside is capped by still the uncertain outlook for global growth. Indeed, players are taking a more sober view on benefits accruing from US-China/EU trade deals, while the coronavirus has further sp...

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...

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.

With a more favourable environment, PETROPAVLOVSK PLC. improves to Positive

PETROPAVLOVSK PLC. (GB), a company active in the Gold Mining industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date May 19, 2020, the closing price was GBp 25.75 and its potential was estimated at GBp 30.53.

Philip Morrish

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