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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Sirius Minerals Plc    SXX   GB00B0DG3H29

SIRIUS MINERALS PLC

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Delayed Quote. Delayed London Stock Exchange - 10/18 11:35:22 am
3.518 GBp   +0.17%
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Sirius Minerals : slows polyhalite project development, scraps bond sale

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09/17/2019 | 03:03am EDT

(Reuters) - Sirius Minerals Plc will slow down development of its North Yorkshire polyhalite project and scrap a planned $500 million bond sale, the company said on Tuesday, adding that the British government declined to provide support to facilitate the financing of the project.

Sirius also said it would conduct a review in the next six months to seek funds required for the project.

The company said it had requested the government to provide a commitment to enable the issue of up to $1 billion of guaranteed bonds in the event it was unable to issue unguaranteed bonds to refinance its revolving credit facility.

"The Government has reviewed the case for the provision of the support requested to facilitate the financing of the Project and has decided not to provide the support requested," Sirius Minerals said in a statement.

"The company believed this commitment would have enabled the company's financing to be delivered as planned," it added.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Saumyadeb Chakrabarty)

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Financials (GBP)
Sales 2019 -
EBIT 2019 -21,3 M
Net income 2019 -19,0 M
Debt 2019 327 M
Yield 2019 -
P/E ratio 2019 -12,6x
P/E ratio 2020 -3,06x
EV / Sales2019 infx
EV / Sales2020 infx
Capitalization 246 M
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Technical analysis trends SIRIUS MINERALS PLC
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus UNDERPERFORM
Number of Analysts 4
Average target price 6,50  GBp
Last Close Price 0,04  GBp
Spread / Highest target 25 483%
Spread / Average Target 18 376%
Spread / Lowest Target 11 270%
EPS Revisions
Managers
NameTitle
Christopher Neil Fraser Chief Executive Officer, MD & Executive Director
Russell John Scrimshaw Non-Executive Chairman
Thomas Jay Staley CFO, Finance Director & Executive Director
John Matthew Patrick Hutton Independent Non-Executive Director
Keith Edward Frank Clarke Independent Non-Executive Director
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