yes they paid 0.79p june 2014 , gold slightly on the move up , any short position is less than 0.5% , but there is a seller happy to let these go @ 11.5p it seems . as long as gold keeps rising ,paf will follow once the seller finishes. you'd think now was a good time not to sell considering the uncertainties in the main markets.
last years div ?
did PAF pay a dividend last year ? morningstar website is showing dividend as zero and also i just went through 2013 accounts and did not see a div payment ?
14 Oct '14
charts looking good
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:triple_bottom_reversal . Triple Bottom Reversals that are 6 or more months in duration represent major bottoms and a price target is less likely to be effective . a break above 16.5p will confirm a TBR . Broken resistance becomes potential support, and there is sometimes a test of this newfound support level with the first correction . would be nice if we can get confirmation as then a possible 21p target or more . not suggesting it will move quickly to test 16.5p it will most likely be over a month or that it will even hit 16.5p , gold will need to keep rising but it too has a TBR possible forming like here , the dollar will need to weaken further which is possible looking at the dollar index , now 85 but has been below 80 in the last year . could gold miners fortunes be taking a turn for the better ? lets hope so but on the other foot it could be a false alarm but does make the next few days / weeks more interesting . a move below 11.75 would not be so good if it was for more than a few days but I just can't see it , this slight fall back is re-testing support and I expect it to move back higher . gl all
7 Oct '14
not at the moment . if the trend of the rand rise v dollar and settles at higher level then in the future it will have effects , to what degree ? .while the rand gets stronger it will be good for costs as they should go down (energy) because import costs will go down . employment costs come down (e.g 10r v 1$ as conversion ... 2hours work = 20r or 2$ , now you get 9r v$1 =2h work = 18r 0r $2) . so if the rand does start to trade higher v dollar and keeps higher than now it will effect the next divi if we still produce the same amount , but off course it all depends on what the price of gold is . a stronger rand but gold at $1000 it will not make a difference . hope that helps
7 Oct '14
Rand is up
Will this effect div
2 Oct '14
i think the div yield will be too high for this to fall any further. its already at 6%. everyone likes a nice div :) put it this way if it drops to 10 or 11p to div yield will be 7% 8 % i am topping up for sure.
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