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African Barrick Gold Share Chat (ABG)



Share Price: 214.10Bid: 214.40Ask: 215.10Change: 0.00 (0.00%)No Movement on African Barr
Spread: 0.70Spread as %: 0.33%Open: 213.80High: 218.40Low: 206.50Yesterday’s Close: 214.10


Share Discussion for African Barr (ABG)


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jollyspeculator
Posts: 14,620
Off Topic
Opinion:No Opinion
Price:133.10
"retired" very early
16 May '13
snap lol
 
martingale
Posts: 55
Off Topic
Opinion:No Opinion
Price:132.80
View Thread (7)
RE: Tom aint twisted
16 May '13
not an economist but I manage my "own fund" aka, I've "retired" very early - i tend to do some homework because unlike the "experts", i don't get paid if I get it wrong.

I use a bit of technical, fundamental, macro and newsflow to inform decisions ...cant understand the zealots who only sing from one hymn sheet , the world just isnt that simple imo
jollyspeculator
Posts: 14,620
Off Topic
Opinion:No Opinion
Price:133.10
Tom
16 May '13
felt need to stand up to the bullish bullies lol

...(my call on gsk is not so clever....so far)
Tom78
Posts: 888
Off Topic
Opinion:No Opinion
Price:132.80
Jolly
16 May '13
Thanks for letting me know i'm not twisted, although if watching deal or no deal i do have a little chuckle if someone wins the penny.. Cos its not their hard earned money anyway and a penny is a damn sight more money than i made out of this share over the last year :)
stefser
Posts: 68
Answer
Opinion:Strong Buy
Price:132.40
View Thread (2)
RE: Mr Micawber lol
16 May '13
Hmm...
I give up...
and buy some shares at 132.45
jollyspeculator
Posts: 14,620
Off Topic
Opinion:No Opinion
Price:131.40
View Thread (2)
Mr Micawber lol
16 May '13
Micawber Principle, based upon his observation:
"Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."

....Cash has multiple uses...it is that flexibility that is attractive and worrying depending on yr view of management and ownership

....price/cash suggests to me cashflow analysis EV/EBIT(D)(A) or balance sheet analysis (net net: CA-L)

...if we look at BS, the question is what to do with the odd assets and liabilities - here provisions; elsewhere often pension deficit

...it is v tricky stuff...which i don't believe the City guys/gels are that gud at...we all need to take a PoV

..Best of luck
stefser
Posts: 68
Answer
Opinion:Strong Buy
Price:131.50
View Thread (2)
RE: sustainable operations, s
16 May '13
Absolutely right...
IMO, when somebody nearly doubles his cash in a tough environment such gold mining in three months, can't be that bad.
I still don't understand the stuff in the provisions...
Do you mean, the provisions are lowering the cash in the sense they aren't included in the costs,which means,this number of 405 millions isn't relevant?
I run my own business (which isn't gold mining) and when I have cash I'm feeling comfortable, when not, I'm feeling bad.
I'm just asking, I really didn't get it.
jollyspeculator
Posts: 14,620
Off Topic
Opinion:No Opinion
Price:132.00
View Thread (2)
sustainable operations, s
16 May '13
isn't this at the heart of debate? how does abg meet the challenge of lower pog?

...or..another way of looking at this...how do you account for provisions in calculating EV

...we all take our own PoV...that's what makes a market
Ridingwaves
Posts: 2,475
Off Topic
Opinion:No Opinion
Price:132.20
MakinHay
16 May '13
Well done....easy

GL
MakinHay
Posts: 2,266
Off Topic
Opinion:No Opinion
Price:132.20
And out!
16 May '13
Sold 10k for just short of £300 profit. Possible further fall coming so cashed in for a quick little gain. ATB Rich



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