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Tower Resources

AIM:TRP
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TRP
AIM
£4M
Market Cap
  1. Home
  2. GB
  3. Energy
Company description

Tower Resources Plc operates as an independent oil and gas exploration company in Africa. The last earnings update was 205 days ago. More info.


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  • Tower Resources has significant price volatility in the past 3 months.
TRP Share Price and Events
7 Day Returns
0%
AIM:TRP
0.4%
GB Oil and Gas
0.6%
GB Market
1 Year Returns
-49.1%
AIM:TRP
17.2%
GB Oil and Gas
1.1%
GB Market
TRP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tower Resources (TRP) 0% -19.4% -39.6% -49.1% -93.3% -99.9%
GB Oil and Gas 0.4% 2.6% 7% 17.2% 50.4% -2.9%
GB Market 0.6% 1.9% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • TRP underperformed the Oil and Gas industry which returned 17.2% over the past year.
  • TRP underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
TRP
Industry
5yr Volatility vs Market

Value

 Is Tower Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Tower Resources. This is due to cash flow or dividend data being unavailable. The share price is £0.00725.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tower Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tower Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:TRP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in USD $-0.01
AIM:TRP Share Price ** AIM (2019-04-18) in GBP £0.01
AIM:TRP Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.3 $0.01
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PE Ratio Median Figure of 32 Publicly-Listed Oil and Gas Companies 9.96x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tower Resources.

AIM:TRP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:TRP Share Price ÷ EPS (both in USD)

= 0.01 ÷ -0.01

-0.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tower Resources is loss making, we can't compare its value to the GB Oil and Gas industry average.
  • Tower Resources is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Tower Resources's expected growth come at a high price?
Raw Data
AIM:TRP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PEG Ratio Median Figure of 19 Publicly-Listed Oil and Gas Companies 0.47x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Tower Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tower Resources's assets?
Raw Data
AIM:TRP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in USD $0.05
AIM:TRP Share Price * AIM (2019-04-18) in GBP £0.01
AIM:TRP Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.3 $0.01
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PB Ratio Median Figure of 102 Publicly-Listed Oil and Gas Companies 0.85x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
AIM:TRP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:TRP Share Price ÷ Book Value per Share (both in USD)

= 0.01 ÷ 0.05

0.19x

* Primary Listing of Tower Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tower Resources is good value based on assets compared to the GB Oil and Gas industry average.
X
Value checks
We assess Tower Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Tower Resources has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Tower Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tower Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.2%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tower Resources expected to grow at an attractive rate?
  • Unable to compare Tower Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Tower Resources's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Tower Resources's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:TRP Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:TRP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:TRP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-06-30 -1 -4
2018-03-31 -1 -3
2017-12-31 -1 -2
2017-09-30 -1 -12
2017-06-30 -1 -22
2017-03-31 -1 -23
2016-12-31 -2 -23
2016-09-30 -3 -15
2016-06-30 -4 -6
2016-03-31 -5 -8
2015-12-31 -6 -10
2015-09-30 -5 -11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Tower Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Tower Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:TRP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Tower Resources Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:TRP Past Financials Data
Date (Data in USD Millions) EPS *
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.10
2017-06-30 -0.26
2017-03-31 -0.34
2016-12-31 -0.49
2016-09-30 -0.40
2016-06-30 -0.24
2016-03-31 -0.35
2015-12-31 -0.48
2015-09-30 -0.65

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Tower Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Tower Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Tower Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Tower Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Tower Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tower Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Tower Resources performed over the past 5 years?

  • Tower Resources's last earnings update was 205 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tower Resources's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tower Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Tower Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Tower Resources's 1-year growth to the GB Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Tower Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tower Resources Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:TRP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 -4.24 1.44
2018-03-31 -2.93 1.52
2017-12-31 -1.62 1.59
2017-09-30 -11.87 1.79
2017-06-30 -22.12 1.98
2017-03-31 -22.70 2.39
2016-12-31 -23.29 2.81
2016-09-30 -14.79 2.98
2016-06-30 -6.29 3.15
2016-03-31 -8.04 2.91
2015-12-31 -9.79 2.67
2015-09-30 -11.36 1.44
2015-06-30 -12.93 0.20
2015-03-31 -34.77 0.83
2014-12-31 -56.60 1.45
2014-09-30 -53.25 2.10
2014-06-30 -49.91 2.75
2014-03-31 -26.62 2.60
2013-12-31 -3.34 2.44
2013-09-30 -4.14 2.78
2013-06-30 -4.94 3.12
2013-03-31 -8.32 2.78
2012-12-31 -11.71 2.43
2012-09-30 -25.43 2.28
2012-06-30 -39.14 2.14

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Tower Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Tower Resources has efficiently used its assets last year compared to the GB Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Tower Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Tower Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tower Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tower Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tower Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tower Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tower Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tower Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Tower Resources has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tower Resources Company Filings, last reported 9 months ago.

AIM:TRP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 19.14 0.00 1.09
2018-03-31 19.14 0.00 1.09
2017-12-31 22.34 0.00 2.15
2017-09-30 22.34 0.00 2.15
2017-06-30 20.08 0.00 0.12
2017-03-31 20.08 0.00 0.12
2016-12-31 20.47 0.00 0.79
2016-09-30 20.47 0.00 0.79
2016-06-30 39.41 0.00 0.76
2016-03-31 39.41 0.00 0.76
2015-12-31 41.17 0.00 3.49
2015-09-30 41.17 0.00 3.49
2015-06-30 36.00 0.00 1.23
2015-03-31 36.00 0.00 1.23
2014-12-31 40.20 0.00 7.94
2014-09-30 40.20 0.00 7.94
2014-06-30 46.19 0.00 32.93
2014-03-31 46.19 0.00 32.93
2013-12-31 29.59 0.00 17.45
2013-09-30 29.59 0.00 17.45
2013-06-30 12.94 0.00 2.77
2013-03-31 12.94 0.00 2.77
2012-12-31 15.06 0.00 4.48
2012-09-30 15.06 0.00 4.48
2012-06-30 7.71 0.00 2.36
  • Tower Resources has no debt.
  • Tower Resources has not taken on any debt in the past 5 years.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Tower Resources has less than a year of cash runway based on current free cash flow.
  • Tower Resources has less than a year of cash runway if free cash flow continues to reduce at historical rates of -90.9% each year.
X
Financial health checks
We assess Tower Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tower Resources has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Tower Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Tower Resources dividends.
If you bought £2,000 of Tower Resources shares you are expected to receive £0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Tower Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tower Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:TRP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.7%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Tower Resources has not reported any payouts.
  • Unable to verify if Tower Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tower Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tower Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tower Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tower Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tower Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Tower Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeremy Asher
COMPENSATION $419,639
AGE 59
TENURE AS CEO 2.4 years
CEO Bio

Mr. Jeremy Benjamin Gerald Asher, BSc (Econ), MBA, MEI has been Chief Executive Officer of Tower Resources PLC since November 1, 2016. Mr. Asher served as the President of P A Consulting Group (holding) Inc. Mr. Asher has a career embracing both consulting to and running a variety of enterprises, mainly in the energy sector. He served as the Chief Executive Officer at PA Consulting Group from 1998 to 2001 and oversaw PA's globalisation and growth from 2,500 to 4,000 staff and negotiated and managed the integration of PA's acquisition of Hagler Bailly, Inc. Following several years' consulting with Mercer Management Consulting, he ran the global oil products trading business at Glencore AG and then acquired, developed and sold the 200,000 b/d Beta oil refinery at Wilhelmshaven in Germany from 1990 and 1997. prior to that, spent several years as a consultant at Oliver Wyman. He serves as the Chairman of Tower Resources PLC and previously served as its Interim Chairman since November 2011. He serves as the Chairman of SkyVision Holdings Limited and Agile Energy Limited. He served as Deputy Chairman of Gulf Keystone Petroleum Limited since March 20, 2014 until June 25, 2014. He serves as a Member of Investment Advisory Group at Imperial Innovations. He served as Non-Executive Director of Gulf Keystone Petroleum Limited since July 20, 2013 until June 25, 2014. He has been a Director of Tower Resources PLC since February 8, 2007. He serves as a Director of Projector Holdings SA. He served as a Director of Pacific Drilling S.A. since April 2011. He served as a Director of Oil Refineries Limited. He served as a Non-Executive Director of Gulf Keystone Petroleum Ltd. from January 21, 2008 to April 1, 2010 and Process Systems Enterprise Limited. until 2008. Since 2001, Mr. Asher has also served as a director and financial investor in various other enterprises. He is a member of the UK Regional Advisory Board of the London Business School. Mr. Asher graduated from the London School of Economics & Political Science in 1979 and was awarded an MBA with high distinction from the Harvard University Graduate School of Business Administration in 1981.

CEO Compensation
  • Jeremy's compensation has increased whilst company is loss making.
  • Jeremy's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Tower Resources management team in years:

2.5
Average Tenure
57
Average Age
  • The tenure for the Tower Resources management team is about average.
Management Team

Jeremy Asher

TITLE
Chairman & CEO
COMPENSATION
$420K
AGE
59
TENURE
2.4 yrs

Mark Enfield

TITLE
Head of Exploration
AGE
57
TENURE
6.1 yrs

Nigel Quinton

TITLE
Consultant
COMPENSATION
$324K
AGE
56
TENURE
2.5 yrs
Board of Directors Tenure

Average tenure and age of the Tower Resources board of directors in years:

2.5
Average Tenure
64.5
Average Age
  • The average tenure for the Tower Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jeremy Asher

TITLE
Chairman & CEO
COMPENSATION
$420K
AGE
59

Peter Taylor

TITLE
Non-Executive Director
COMPENSATION
$83K
AGE
71
TENURE
13.3 yrs

Graeme Thomson

TITLE
Non-Executive Director
AGE
61
TENURE
2.5 yrs

David Thomas

TITLE
Independent Non-Executive Director
COMPENSATION
$5K
AGE
68
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Tower Resources insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
24. Jan 19 Buy Jeremy Asher Individual 24. Jan 19 24. Jan 19 25,850,000 £0.01 £258,494
X
Management checks
We assess Tower Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tower Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Much Are Tower Resources plc (LON:TRP) Insiders Spending On Buying Shares?

We often see insiders buying up shares in companies that perform well over the long term. … So shareholders might well want to know whether insiders have been buying or selling shares in Tower Resources plc (LON:TRP). … The Last 12 Months Of Insider Transactions At Tower Resources.

Simply Wall St -

Who Owns Tower Resources plc (LON:TRP)?

Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … This size of ownership, while considerably small for a public company, may not be enough to change company policy if the decision is not in sync with other large shareholders. … Private Company Ownership Another important group of owners for potential investors in TRP are private companies that hold a stake of 7.62% in TRP.

Simply Wall St -

Is Tower Resources plc (LON:TRP) Still A Cheap Oil & Gas Stock?

Today, I will analyse the industry outlook, and also determine whether Tower Resources is a laggard or leader relative to its energy sector peers. … View our latest analysis for Tower Resources What’s the catalyst for Tower Resources's sector growth? … AIM:TRP Past Future Earnings Feb 21st 18 Over the past couple of years, the energy sector delivered a disappointing 40% negative growth rate, driven by the oil price collapse.

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Who Owns Tower Resources plc (AIM:TRP)?

View our latest analysis for Tower Resources AIM:TRP Ownership Summary Oct 28th 17 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … Such level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

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Company Info

Description

Tower Resources Plc operates as an independent oil and gas exploration company in Africa. The company holds a 100% interest in the Thali production sharing contract that covers an area of 119.2 square kilometers located in the Rio del Rey basin, offshore Cameroon; and a 50% interest in the Algoa-Gamtoos license that covers an area of 11,809 square kilometers located in the offshore South Africa. It also operates a 100% interest in Blocks 40 and 41 of the frontier Zambezi Basin, which cover a gross area of 6,946 square kilometers. The company was incorporated in 2004 and is based in London, the United Kingdom.

Details
Name: Tower Resources plc
TRP
Exchange: AIM
Founded: 2004
£4,101,441
565,716,052
Website: http://www.towerresources.co.uk
Address: Tower Resources plc
140 Buckingham Palace Road,
Westminster,
London,
Greater London, SW1W 9SA,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM TRP Ordinary Shares London Stock Exchange AIM Market GB GBP 13. Aug 2005
DB ULF1 Ordinary Shares Deutsche Boerse AG DE EUR 13. Aug 2005
Number of employees
Current staff
Staff numbers
4
Tower Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 20:50
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2018/09/28
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.