Consumer
finnCap Research Company Notes – 12 June 2019
Avesoro Resources (ASO) : Corp
Youga operations update
Key data
- Share price (p) 31.5
- Target price (p) U/R
- Market cap (£m) 25.7
- Enterprise value (£m) 122.7
Avesoro Resources has reported an update from its Youga gold mine in Burkina Faso. Further to Monday’s announcement about various operating problems, it has now reported that negotiations continue between its former mining workforce and the new mining contractor. These negotiations have not been finalised and so the mine has now suspended remaining processing operations. Our price target remains under review.
Martin Potts mpotts@finncap.com
Morses Club (MCL) : Corp
Appointment of new CFO
Key data
- Share price (p) 155.0
- Target price (p) 190.0
- Market cap (£m) 201.7
- Enterprise value (£m) 207.5
Morses Club has this morning announced the appointment of a new CFO to take over from Andy Thomson. Andrew Hayward will take up the role of CFO from 1 July: Andrew comes with CFO experience from a listed financials company as he joins Morses Club from eServGlobal, the ASX and AIM-listed digital financial transactions technology company where he has been CFO for more than two and a half years. The current CFO, Andy Thomson, will step down as CFO but remain as NED with Morses Club.
Kim Bergoe kbergoe@finncap.com
PCI Pal (PCIP) : Corp
Continuing global rollout through channels
Key data
- Share price (p) 26.0
- Target price (p) 50.0
- Market cap (£m) 11.1
- Enterprise value (£m) 7.6