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Oriel Resources(ORI)

Sector:

Mining

Market Cap

£709.05m

Change Today

Price Down-0.75p

Share Price

110.50p

Oriel agrees £750m Mechel bid

Date: Wednesday 26 Mar 2008

LONDON (ShareCast) - chrome and nickel miner Oriel Resources has agreed to a £749m takeover from Russian mining and metals firm Mechel.

Mechel, Russia's biggest producer of coking coal and which made an approach to Oriel at the start of the month, will pay $2.1986 cash per Oriel share, equivalent to 109.97p.

The offer price represents a 14% premium to the price on the day before Mechel made its initial approach. Oriel shares have doubled over the past six months.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Oriel Resources Market Data

Currency UK Pounds
Share Price 110.50p Price Down
Change Today -0.75p
52 Week High 116.00p
52 Week Low 40.50p
Volume 50,000
Shares Issued 641.68m
Market Cap £709.05m
Beta 0.67
RiskGrade 122

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value
42.31% below the market average42.31% below the market average42.31% below the market average42.31% below the market average42.31% below the market average
23.5% below the sector average23.5% below the sector average23.5% below the sector average23.5% below the sector average23.5% below the sector average
Price Trend
99.79% above the market average99.79% above the market average99.79% above the market average99.79% above the market average99.79% above the market average
95.98% above the sector average95.98% above the sector average95.98% above the sector average95.98% above the sector average95.98% above the sector average
Income Not Available
Growth Not Available
Price Chg 6m
98.91% above the market average98.91% above the market average98.91% above the market average98.91% above the market average98.91% above the market average
94.97% above the sector average94.97% above the sector average94.97% above the sector average94.97% above the sector average94.97% above the sector average
P/E Not Available
PEG Not Available
Dividend Yield Not Available
EPS Growth Not Available
Operating Margin
73.91% below the market average73.91% below the market average73.91% below the market average73.91% below the market average73.91% below the market average
5.26% below the sector average5.26% below the sector average5.26% below the sector average5.26% below the sector average5.26% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Oriel Resources Dividends

No dividends found

Trades for 09-Jul-2008

Time Volume / Share Price
11:02 20,000 @ 110.50p
10:38 10,000 @ 111.00p
09:53 10,000 @ 110.25p
09:52 10,000 @ 110.25p

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