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Section 1: Company Overview and Fundamental Insights
1.1 Company Overview:
Ecora Resources PLC (LON: ECOR) operates as a royalty business. The company’s business model is to acquire streams and royalty in commodities which support a sustainable future.
1.2 The Key Positives, Negatives, Investment Highlights, and Risks
1.3 Top 10 Shareholders:
The top 10 shareholders together form ~55.91% of the total shareholding. South32 Royalty Investments Pty Ltd and Schroder Investment Management Ltd. (SIM) holds a maximum stake in the company at ~16.92% and ~9.09%, respectively.
1.4 Six months ended 30 June 2022 (1HFY22) and 3 months ended 30 September 2022 (3QFY22) Financial Update
Section 2: Business Updates and Financial Highlights
2.1 Business Update
2.2 Half-yearly Historical Trend
Section 3: Risk and Future Prospects
Section 4: Valuation, Stock Recommendation Summary, Technical Table, and Price Chart
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is neither an indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 23 January 2023. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual’s appetite for upside potential, risks, holding duration, and any previous holdings. An ‘Exit’ from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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