In today’s briefing:
- OreCorp: Silvercorp Bumps. Goyder Now Supportive
- Daiichi Kigenso Kagaku-Kogyo (4082) – Navigating Business Expansion Challenges
- Borr Drilling – ESG Report – Lucror Analytics
- Peru LNG – ESG Report – Lucror Analytics
OreCorp: Silvercorp Bumps. Goyder Now Supportive
- On the 6 August, Canada’s Silvercorp (SVM CN) offered shareholders of Western Australian-based miner OreCorp (ORR AU) A$0.15 in cash and 0.0967 new Silvercorp shares, by way of a Scheme.
- The Scheme Booklet was despatched on the 6 November with a Scheme Meeting on the 8 December. The IE viewed terms as fair.
- Silvercorp has now bumped the cash terms to $0.19/share from $0.15/share. All other terms remain unchanged. Tim Goyder (5.14%) is now supportive. Done and done.
Daiichi Kigenso Kagaku-Kogyo (4082) – Navigating Business Expansion Challenges
- Q1-2 FY3/2024 results were in line with revised company guidance, highlighting progress in growing prioritized businesses in the Strategic Areas segment such as Healthcare.
- However, the company is experiencing headwinds due to weakness in demand from the electronics sector and market divergence for EV battery cathode materials.
- Volumes have also fallen more than anticipated YoY in the legacy Automotive Catalyst Areas.
Borr Drilling – ESG Report – Lucror Analytics
- Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
- We assess Borr Drilling’s ESG as “Adequate”, in line with its Environmental, Social and Governance scores. Controversies are “Immaterial”, but Disclosure is “Weak”.
- Borr Drilling is one of the largest pure-play jack-up rig operators, with among the youngest and largest fleets in the jack-up drilling market segment.
Peru LNG – ESG Report – Lucror Analytics
- Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
- We assess Peru LNG’s ESG as “Adequate”, in line with its Social and Governance scores. The company has a “Weak” score for the Environmental pillar. Controversies are “Immaterial”, but Disclosure is “Weak”.
- Peru LNG (PLNG) owns and operates a 408 km (254 mile) high-pressure 34-inch natural gas (NG) pipeline that connects the TGP gas pipeline (which transports natural gas from the Camisea Fields) to the company’s liquefaction facility in Peru (the Pampa Melchorita plant; capacity of 4.45 mn tonnes per year), including a related marine terminal used to export liquefied natural gas (LNG).
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