Ariana Resources
Ariana Resources plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of mineral properties in Turkey. The last earnings update was 207 days ago. More info.
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AAU Share Price and Events
7 Day Returns
1 Year Returns
AAU Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Ariana Resources (AAU) | -3.9% | 5.8% | -5.2% | 28.1% | 19.7% | 121.2% |
| GB Metals and Mining | 0.1% | 6.3% | 17.2% | 7.1% | 89.5% | 34.1% |
| GB Market | 0.5% | 3.6% | 7.6% | 0.8% | 15.9% | 6.2% |
1 Year Return vs Industry and Market
- AAU outperformed the Metals and Mining industry which returned 7.1% over the past year.
- AAU outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 0.8% over the past year.
AAU Value
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
Here we compare the current
share
price of
Ariana Resources
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Ariana Resources.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 1 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.5% |
| Perpetual Growth Rate | 10-Year GB Government Bond Rate | 1.2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year GB Govt Bond Rate | 1.2% |
| Equity Risk Premium | S&P Global | 6.7% |
| Metals and Mining Unlevered Beta | Simply Wall St/ S&P Global | 1.13 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.132 (1 + (1- 19%) (0%)) |
1.088 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.09 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.088 * 6.65%) |
8.46% |
Discounted Cash Flow Calculation for AIM:AAU using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Ariana Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (GBP, Millions) | Source |
Present Value Discounted (@ 8.46%) |
|
|---|---|---|---|
| 2019 | -0.20 | Analyst x1 | -0.18 |
| 2020 | 1.30 | Analyst x1 | 1.11 |
| 2021 | 0.20 | Analyst x1 | 0.16 |
| 2022 | 0.20 | Est @ 0.89% | 0.15 |
| 2023 | 0.20 | Est @ 0.99% | 0.14 |
| 2024 | 0.21 | Est @ 1.06% | 0.13 |
| 2025 | 0.21 | Est @ 1.11% | 0.12 |
| 2026 | 0.21 | Est @ 1.15% | 0.11 |
| 2027 | 0.21 | Est @ 1.17% | 0.10 |
| 2028 | 0.22 | Est @ 1.19% | 0.10 |
| Present value of next 10 years cash flows | £1.91 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= £0.22 × (1 + 1.23%) ÷ (8.46% – 1.23%) |
£3.02 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= £3.02 ÷ (1 + 8.46%)10 |
£1.34 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= £1.91 + £1.34 |
£3.25 |
| Equity Value per Share (GBP) |
= Total value / Shares Outstanding
= £3.25 / 1,059.68 |
£0 |
| Calculation | Result | |
|---|---|---|
| Value per share (GBP) | From above. | £0.00 |
| Current discount | Discount to share price of
£0.02
= -1 x (£0.02 - £0.00) / £0.00 |
-495.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Ariana Resources is above its future cash flow value.
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 Ariana Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Ariana Resources's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-06-30) in GBP | £0.00 |
| AIM:AAU Share Price ** | AIM (2019-04-23) in GBP | £0.02 |
| United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry PE Ratio | Median Figure of 38 Publicly-Listed Metals and Mining Companies | 10.35x |
| 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 Ariana Resources.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = AIM:AAU Share Price ÷ EPS (both in GBP) = 0.02 ÷ 0.00 |
13.43x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Ariana Resources is overvalued based on earnings compared to the GB Metals and Mining industry average.
- Ariana Resources is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does
Ariana Resources's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 13.43x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts |
-17.1%per year |
| United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry PEG Ratio | Median Figure of 29 Publicly-Listed Metals and Mining Companies | 0.66x |
| 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 .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 13.43x ÷ -17.1% |
-0.79x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Ariana Resources earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Ariana Resources's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-06-30) in GBP | £0.02 |
| AIM:AAU Share Price * | AIM (2019-04-23) in GBP | £0.02 |
| United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry PB Ratio | Median Figure of 118 Publicly-Listed Metals and Mining Companies | 0.96x |
| United Kingdom of Great Britain and Northern Ireland Market PB Ratio | Median Figure of 1,367 Publicly-Listed Companies | 1.51x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = AIM:AAU Share Price ÷ Book Value per Share (both in GBP) = 0.02 ÷ 0.02 |
1x |
* Primary Listing of Ariana Resources.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Ariana Resources is overvalued based on assets compared to the GB Metals and Mining industry average.
Value checks
We assess Ariana Resources's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check) Ariana 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.
AAU Future Performance
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!
Earnings growth vs Low Risk Savings
- Ariana Resources's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
- Ariana Resources's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
- Unable to compare Ariana 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
| Data Point | Source | Value (per year) |
|---|---|---|
| AIM:AAU Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts | -17.1% |
| United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry Earnings Growth Rate | Market Cap Weighted Average | -0.1% |
| United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry Revenue Growth Rate | Market Cap Weighted Average | 0.7% |
| 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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (9 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 2 | 0 | 1 | 1 |
| 2020-12-31 | 2 | 1 | 1 | 1 |
| 2019-12-31 | 0 | 0 | -1 | 1 |
| 2018-12-31 | 2 | 0 | 1 | 1 |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-06-30 | -2 | 1 | |
| 2018-03-31 | -2 | 1 | |
| 2017-12-31 | -3 | 0 | |
| 2017-09-30 | -3 | 5 | |
| 2017-06-30 | -2 | 10 | |
| 2017-03-31 | -2 | 11 | |
| 2016-12-31 | -1 | 12 | |
| 2016-09-30 | -1 | 6 | |
| 2016-06-30 | -1 | 0 | |
| 2016-03-31 | -1 | -1 | |
| 2015-12-31 | -1 | -1 | |
| 2015-09-30 | -1 | -1 |
*GAAP earnings excluding extraordinary items.
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 1 Analyst Estimates (S&P Global) | See Below |
All data from Ariana Resources Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | ||||
| 2020-12-31 | 0.00 | 0.00 | 0.00 | 1.00 |
| 2019-12-31 | 0.00 | 0.00 | 0.00 | 1.00 |
| 2018-12-31 | 0.00 | 0.00 | 0.00 | 1.00 |
| Date (Data in GBP Millions) | EPS * |
|---|---|
| 2018-06-30 | 0.00 |
| 2018-03-31 | 0.00 |
| 2017-12-31 | 0.00 |
| 2017-09-30 | 0.01 |
| 2017-06-30 | 0.01 |
| 2017-03-31 | 0.01 |
| 2016-12-31 | 0.01 |
| 2016-09-30 | 0.01 |
| 2016-06-30 | 0.00 |
| 2016-03-31 | 0.00 |
| 2015-12-31 | 0.00 |
| 2015-09-30 | 0.00 |
*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 Ariana Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Ariana Resources's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- 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)
- 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)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Ariana 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.
AAU Past Performance
How has Ariana Resources performed over the past 5 years?
- Ariana Resources's last earnings update was 207 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
Past Earnings growth analysis
- Ariana Resources has delivered over 20% year on year earnings growth in the past 5 years.
- Ariana Resources's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Ariana Resources's 1-year earnings growth is negative, it can't be compared to the GB Metals and Mining industry average.
Earnings and Revenue History
All data from Ariana Resources Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-06-30 | 1.41 | 1.68 | ||
| 2018-03-31 | 0.92 | 1.51 | ||
| 2017-12-31 | 0.42 | 1.35 | ||
| 2017-09-30 | 5.29 | 1.29 | ||
| 2017-06-30 | 10.17 | 1.23 | ||
| 2017-03-31 | 10.87 | 1.14 | ||
| 2016-12-31 | 11.58 | 1.05 | ||
| 2016-09-30 | 5.75 | 0.96 | ||
| 2016-06-30 | -0.09 | 0.87 | ||
| 2016-03-31 | -0.77 | 0.84 | ||
| 2015-12-31 | -1.46 | 0.81 | ||
| 2015-09-30 | -1.37 | 0.78 | ||
| 2015-06-30 | -1.28 | 0.74 | ||
| 2015-03-31 | -1.08 | 0.78 | ||
| 2014-12-31 | -0.89 | 0.82 | ||
| 2014-09-30 | -1.04 | 0.91 | ||
| 2014-06-30 | -1.19 | 1.00 | ||
| 2014-03-31 | -1.32 | 1.03 | ||
| 2013-12-31 | -1.45 | 1.06 | ||
| 2013-09-30 | -1.36 | 1.14 | ||
| 2013-06-30 | -1.26 | 1.21 | ||
| 2013-03-31 | -1.22 | 1.15 | ||
| 2012-12-31 | -1.18 | 1.08 | ||
| 2012-09-30 | -1.04 | 1.02 | ||
| 2012-06-30 | -0.91 | 0.95 |
*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.
- Ariana Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Ariana Resources used its assets less efficiently than the GB Metals and Mining industry average last year based on Return on Assets.
- It is difficult to establish if Ariana Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Ariana Resources's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Ariana Resources has a total score of 1/6, 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.
AAU Health
How is Ariana 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 Ariana Resources's finances.
The net worth of a company is the difference between its assets and liabilities.
- Ariana Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Ariana Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Ariana 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.
All data from Ariana Resources Company Filings, last reported 9 months ago.
| Date (Data in GBP Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-06-30 | 19.33 | 0.00 | 0.52 |
| 2018-03-31 | 19.33 | 0.00 | 0.52 |
| 2017-12-31 | 19.73 | 0.00 | 0.99 |
| 2017-09-30 | 19.73 | 0.00 | 0.99 |
| 2017-06-30 | 21.88 | 0.00 | 1.26 |
| 2017-03-31 | 21.88 | 0.00 | 1.26 |
| 2016-12-31 | 17.92 | 0.00 | 1.31 |
| 2016-09-30 | 17.92 | 0.00 | 1.31 |
| 2016-06-30 | 7.41 | 0.00 | 1.40 |
| 2016-03-31 | 7.41 | 0.00 | 1.40 |
| 2015-12-31 | 6.05 | 0.00 | 0.32 |
| 2015-09-30 | 6.05 | 0.00 | 0.32 |
| 2015-06-30 | 6.26 | 0.00 | 0.06 |
| 2015-03-31 | 6.26 | 0.00 | 0.06 |
| 2014-12-31 | 6.48 | 0.00 | 0.04 |
| 2014-09-30 | 6.48 | 0.00 | 0.04 |
| 2014-06-30 | 7.00 | 0.00 | 0.27 |
| 2014-03-31 | 7.00 | 0.00 | 0.27 |
| 2013-12-31 | 6.70 | 0.00 | 0.21 |
| 2013-09-30 | 6.70 | 0.00 | 0.21 |
| 2013-06-30 | 7.29 | 0.13 | 0.63 |
| 2013-03-31 | 7.29 | 0.13 | 0.63 |
| 2012-12-31 | 6.43 | 0.24 | 0.26 |
| 2012-09-30 | 6.43 | 0.24 | 0.26 |
| 2012-06-30 | 6.05 | 0.65 | 0.73 |
- Ariana Resources has no debt.
- Ariana Resources has no debt compared to 5 years ago when it was 1.8%.
- Ariana Resources has no debt, it does not need to be covered by operating cash flow.
- Ariana Resources has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess Ariana Resources's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Ariana Resources has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
AAU Dividends
What is Ariana 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
If you bought
£2,000 of
Ariana Resources
shares you are expected to receive
£0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Ariana Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Ariana 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.
| 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 1 Analyst Estimates (S&P Global) | See Below |
| United Kingdom of Great Britain and Northern Ireland Metals and Mining Industry Average Dividend Yield | Market Cap Weighted Average of 23 Stocks | 6% |
| United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield | Market Cap Weighted Average of 705 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.
| Date (Data in £) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | ||
| 2020-12-31 | 0.00 | 1.00 |
| 2019-12-31 | 0.00 | 1.00 |
| 2018-12-31 | 0.00 | 1.00 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Ariana Resources has not reported any payouts.
- Unable to verify if Ariana Resources's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Ariana Resources's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Ariana Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Ariana 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.
AAU Management
CEO
| COMPENSATION | £229,000 |
| AGE | 42 |
| TENURE AS CEO | 14 years |
CEO Bio
Dr. Ahmet Kerim Sener, B.Sc. (Hons.), M.Sc., DIC, Ph.D. has been Managing Director at Ariana Resources plc since 2007. Dr. Sener has been Non Executive Chairman of Panther Metals Plc since August 17, 2018. He served as Non-Executive Technical Director at Genesis Resources Limited. In 2002 he established Ariana Resources and acted as its Exploration Director from 2004 to 2006. He went on to work for Independence Gold Mining Pvt. Ltd as an Independent Consultant with KSPM Associates Ltd. He serves as an Executive Director of Ariana Resources plc. He served as a Non Executive Director of Royal Road Minerals Limited (formerly, Tigris Resources Limited) until October 25, 2015. He completed his military service obligations in Turkey in 2009. Dr. Sener served as a Director of Mediterranean Resources Ltd. from March 25, 2011 to November 8, 2012. He served as a Director at Genesis Resources Limited since March 27, 2006 to March 19, 2012. Dr. Sener is a Fellow of The Geological Society of London, a Member of The Institute of Materials, Minerals and Mining and a member of the Society of Economic Geologists. He then undertook a PhD at the University of Western Australia whilst working on a number of consultancy projects in the Western Australian mining and exploration industry, in addition to working directly with his PhD sponsor company, ASX listed Northern Gold NL in the Northern Territory. Dr. Sener graduated from the University of Southampton with a BSc (Hons) degree in Geology in 1997 and from the Royal School of Mines (Imperial College, London) with an MSc in Mineral Exploration in 1998.
CEO Compensation
- Ahmet's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
- Ahmet's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure
Average tenure and age of the Ariana Resources management team in years:
- The tenure for the Ariana Resources management team is about average.
Management Team
Michael John Villiers
Executive Chairman & Company Secretary
£169K
55
Ahmet Sener
MD & Executive Director
£229K
42
14 yrs
William Benedict Payne
Non-Executive Director & CFO
£51K
53
12.1 yrs
Berkin Ugurlu
Exploration Manager
0.3 yrs
Erhan Sener
Business Consultant
74
3.3 yrs
Francis Wedin
Exploration Consultant
3.3 yrs
Board of Directors Tenure
Average tenure and age of the Ariana Resources board of directors in years:
- The tenure for the Ariana Resources board of directors is about average.
Board of Directors
Michael John Villiers
Executive Chairman & Company Secretary
£169K
55
5.8 yrs
Ahmet Sener
MD & Executive Director
£229K
42
14 yrs
William Benedict Payne
Non-Executive Director & CFO
£51K
53
8.8 yrs
Chris Stuart Sangster
Non-Executive Director
£48K
59
2.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (£) | Value (£) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 25. Jan 19 | Buy | William Benedict Payne | Individual | 22. Jan 19 | 22. Jan 19 | 1,450,000 | £0.02 | £25,374 | ||
| 25. Jan 19 | Buy | Ahmet Sener | Individual | 22. Jan 19 | 22. Jan 19 | 860,000 | £0.02 | £15,050 | ||
| 25. Jan 19 | Buy | Michael John Villiers | Individual | 22. Jan 19 | 22. Jan 19 | 1,120,000 | £0.02 | £19,600 | ||
| 14. Nov 18 | Buy | Ahmet Sener | Individual | 13. Nov 18 | 13. Nov 18 | 600,000 | £0.01 | £7,950 | ||
| 14. Nov 18 | Buy | Michael John Villiers | Individual | 13. Nov 18 | 13. Nov 18 | 225,000 | £0.01 | £3,093 | ||
| 05. Nov 18 | Buy | Michael John Villiers | Individual | 02. Nov 18 | 02. Nov 18 | 1,000,000 | £0.01 | £13,230 | ||
| 17. Jul 18 | Buy | Christopher Stuart Sangster | Individual | 16. Jul 18 | 17. Jul 18 | 512,997 | £0.01 | £7,416 | ||
| 16. Jul 18 | Buy | Michael John Villiers | Individual | 16. Jul 18 | 16. Jul 18 | 4,500,000 | £0.01 | £64,227 | ||
| 02. Jul 18 | Buy | Christopher Stuart Sangster | Individual | 29. Jun 18 | 29. Jun 18 | 555,555 | £0.01 | £8,000 | ||
| 29. Jun 18 | Buy | Michael John Villiers | Individual | 29. Jun 18 | 29. Jun 18 | 1,000,000 | £0.01 | £13,850 | ||
| 08. Jun 18 | Buy | Michael John Villiers | Individual | 08. Jun 18 | 08. Jun 18 | 1,000,000 | £0.01 | £14,200 | ||
| 05. Jun 18 | Buy | Michael John Villiers | Individual | 04. Jun 18 | 05. Jun 18 | 3,576,923 | £0.01 | £45,988 | ||
Management checks
We assess Ariana Resources's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Ariana 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.
AAU News
Simply Wall St News
Did Business Growth Power Ariana Resources's (LON:AAU) Share Price Gain of 128%?
For example, the Ariana Resources plc (LON:AAU) share price has soared 128% in the last half decade. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here.
Simply Wall St - – Full articleIs Ariana Resources plc's (LON:AAU) 7.3% ROE Worse Than Average?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Ariana Resources has a return on equity of 7.3% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWho Has Been Buying Ariana Resources plc (LON:AAU) Shares?
So we'll take a look at whether insiders have been buying or selling shares in Ariana Resources plc (LON:AAU). … The Last 12 Months Of Insider Transactions At Ariana Resources. … In the last twelve months there was more buying than selling by Ariana Resources insiders
Simply Wall St - – Full articleWho Are Ariana Resources plc's (LON:AAU) Major Shareholders?
I am going to take a deep dive into Ariana Resources plc’s (LON:AAU) most recent ownership structure, not a frequent subject of discussion among individual investors. … Ownership structure of a company has been found to affect share performance over time. … Check out our latest analysis for Ariana Resources
Simply Wall St - – Full articleCan Ariana Resources plc (LON:AAU) Improve Your Portfolio Returns?
Based on this beta value, AAU appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … I test AAU’s ratio of fixed assets to total assets in order to determine how high the risk is associated with this type of constraint. … Thus, we can expect AAU to be more stable in the face of market movements, relative to its peers of similar size but with a higher portion of fixed assets on their books.
Simply Wall St - – Full articleA Look At Ariana Resources plc (LON:AAU) And The Basic Materials Sector
Ariana Resources plc (AIM:AAU), a UK£15.10M small-cap, is a metals and mining operating in an industry which supplies materials for construction. … On the stock-level, Ariana Resources is trading at a lower PE ratio of 0.99x, making it cheaper than the average metals and mining stock. … Next Steps: Ariana Resources is a metals and mining industry laggard in terms of its future growth outlook.
Simply Wall St - – Full articleWhat Is Ariana Resources plc's (LON:AAU) Share Price Doing?
What’s more interesting is that, Ariana Resources’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to move to its intrinsic value, and secondly, there may be less chances to buy low in the future once it reaches that value. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … However, with a negative profit growth of -3.95% expected over the next couple of years, near-term growth certainly doesn’t appear to be a driver for a buy decision for Ariana Resources.
Simply Wall St - – Full articleWho Owns Ariana Resources plc (LON:AAU)?
Check out our latest analysis for Ariana Resources AIM:AAU Ownership_summary Mar 13th 18 Institutional Ownership AAU's 77.79% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.
Simply Wall St - – Full articleCan Ariana Resources plc (LON:AAU) Improve Your Portfolio Returns?
Based on this beta value, AAU appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive. … As a result, the company may be less volatile relative to broad market movements, compared to a company of similar size but higher proportion of fixed assets.
Simply Wall St - – Full articleAt £0.01425, Is It Time To Buy Ariana Resources plc (LON:AAU)?
Ariana Resources plc (AIM:AAU), a metals and mining company based in United Kingdom, saw a significant share price rise of over 20% in the past couple of months on the AIM. … Great news for investors – Ariana Resources is still trading at a fairly cheap price. … Another thing to keep in mind is that Ariana Resources’s share price is quite stable relative to the rest of the market, as indicated by its low beta.
Simply Wall St - – Full articleAAU Company Info
Description
Ariana Resources plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of mineral properties in Turkey. It primarily explores for gold, silver, copper, and molybdenum deposits. The company’s flagship project is the Red Rabbit project, including the Kiziltepe and Tavsan sectors located in western Turkey. It also holds 100% interests in the Kizilçukur, Kepez, Karakavak, And Yukaricamli projects. The company was incorporated in 2005 and is based in London, the United Kingdom.
Details
| Name: | Ariana Resources plc |
| AAU | |
| Exchange: | AIM |
| Founded: | 2005 |
| £19,339,122 | |
| 1,059,677,943 | |
| Website: | http://www.arianaresources.com |
| Address: |
Ariana Resources plc Regis House, 2nd Floor, London, Greater London, EC4R 9AN, United Kingdom |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| AIM | AAU | Ordinary Shares | London Stock Exchange AIM Market | GB | GBP | 28. Jul 2005 |
Number of employees
Current staff
Industry
| Gold | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/23 20:53 |
| End of day share price update: | 2019/04/23 00:00 |
| Last estimates confirmation: | 2019/03/08 |
| 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.
