According to the Hargreaves Lansdown website, the dividend for 2013 was 0.80305 pence per share and it was paid on 20 December 2013 (the ex-dividend date being 4 December 2013). That website does not yet show any payment for 2014. PAF's website mentions the 2014 dividend declared thus:- - "The group has proposed a final dividend of ZAR0.1410 or approximately 0.7898p7 per share or ZAR258.0 million (approximately GBP14.5 million) for approval by shareholders at the annual general meeting in November 2014." That suggests that the 2014 dividend is yet to be approved at the AGM in November 2014; if it is then they will likely pay it in December. Based on that I have now bought back in (12:55pm) at a cost of 11.75p per share, making a total (net of fees) cost of £978.07. A recent look a the trades page reveals my trade is still absent from that list. I have been in and out of PAF for over 10 years, and my experience of the company is that they have always been transparent; in fact they have tended to overstate the bad news and understate the good. Based on that, I am back in 1/ because I have no exposure to gold (so it is a 'just in case' buy). 2/ For the dividend (it's in my SIPP) 3/ for a recovery in the price (the drop in cash due to paying out the dividend in December 2014, may already be in the price). It looks as though someone with a lot more cash than me has had the same thoughts, having invested £31k yesterday.
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.
19 Oct '14
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
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