Contract Awards, Agreements, Leadership Changes, and Upcoming Events - Analyst Notes on Wood Group, Lonmin, Polymetal, Synthomer and ABG

LONDON, July 7, 2014 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.


Today, Earnings Review released its analysts' notes regarding Wood Group Plc (LON: WG), Lonmin Plc (LON: LMI), Polymetal International Plc (LON: POLY), Synthomer Plc (LON: SYNT) and African Barrick Gold Plc (LON: ABG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/4485-100free.

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Wood Group Plc Analyst Notes
On July 1, 2014, Wood Group Plc (Wood Group) announced that its group company - Wood Group Kenny (WGK) has received an engineering services contract for supporting Tullow Ghana Limited and its partners through the execution phase of the Tweneboa, Enyenra and Ntomme project in Ghana. Wood Group informed that WGK will offer subsea, umbilical, risers, flowlines engineering services, specialist technical support and technical assurance services to Tullow. Steve Wayman, CEO, WGK said, "We see this as a very significant award from a number of perspectives. We are extremely pleased to be extending our business relationship with Tullow, particularly for the execution phase of this important project - we believe this is a reflection of our depth of technical experience, and strong resource base across a wide global footprint." The full analyst notes on Wood Group are available to download free of charge at:

http://earnings-review.com/4485-WG-07Jul2014.pdf

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Lonmin Plc Analyst Notes
On June 24, 2014, Lonmin Plc (Lonmin) signed a multi-year wage agreement with the Association of Mineworkers and Construction Union. Lonmin informed that the three-year agreement, effective from October 1, 2013 to June 30, 2016, has increased the lowest underground basic salary by ZAR1,000 per month per year and the living-out allowance will increase from ZAR1,950 to ZAR2,000 per month in the first year and constant thereafter for the agreement duration. The agreement has ended the five month strike negatively affected the South African platinum industry. Ben Magara, CEO, commented, "The signing of today's agreement brings to an end the hardship suffered by all stakeholders, the country, our communities, and in particular our employees. We believe that signing this agreement with our majority union is the only way forward in re-building our business." Similar wage agreements were reached with Anglo American Platinum and Impala Platinum Holdings. The full analyst notes on Lonmin are available to download free of charge at:

http://earnings-review.com/4485-LMI-07Jul2014.pdf

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Polymetal International Plc Analyst Notes
On June 30, 2014, Polymetal International Plc (Polymetal) announced the appointment of Christine Coignard as an Independent Non-Executive Director, effective July 1, 2014. The Company stated that Coignard has almost 25 years' experience in the banking industry and advisory services, worldwide. Most recently she was the Managing Director at HCF International Advisors. Bobby Godsell, Chairman, Polymetal, confirmed, "I am delighted to welcome Ms Coignard to Polymetal's Board. She is a highly regarded individual with a wealth of experience, who will provide valuable input to the Board. Her appointment as independent non-executive director reflects our commitment to maintaining the highest standards of corporate governance and I look forward to working together." Coignard has also been appointed as a member of the Audit and Risk, Nomination and Remuneration Committees of the Board and as Senior Independent Non-Executive Director. The full analyst notes on Polymetal are available to download free of charge at:

http://earnings-review.com/4485-POLY-07Jul2014.pdf

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Synthomer Plc Analyst Notes
On July 1, 2014, Synthomer Plc (Synthomer) - the specialty chemical Company, announced that the Group CEO, Adrian Whitfield, will step down after serving the Company for eight years. Synthomer informed that Adrian will remain as Group CEO and on the Board until June 30, 2015 in order to provide sufficient time to find a replacement and an orderly transition to take place. Neil Johnson, Chairman, quoted, "Over the past 8 years, Adrian has overseen Synthomer's transformation from a small, diversified chemical business to a world leading producer of aqueous polymers. He led the highly successful acquisition of PolymerLatex in 2011 and during his tenure the Company's revenues have more than doubled to over £1 billion." The full analyst notes on Synthomer are available to download free of charge at:

http://earnings-review.com/4485-SYNT-07Jul2014.pdf

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African Barrick Gold Plc Analyst Notes
According to the Financial Calendar of African Barrick Gold Plc (ABG), the Company will release its Interim Results on July 25, 2014. ABG announced results for Q1 2014 on April 24, 2014. For Q1 2014, the Company had reported revenue of $216.3 million, down 11.9% YoY because of the lower average realized gold price, and a basic EPS of 5.5 cents, up 7.8% YoY. The full analyst notes on ABG are available to download free of charge at:

http://earnings-review.com/4485-ABG-07Jul2014.pdf


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