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ABG Share Chat - RSS Feed

African Barrick Gold Share Chat (ABG)



Share Price: 197.10Bid: 196.90Ask: 197.20Change: 0.00 (0.00%)No Movement on African Barr
Spread: 0.30Spread as %: 0.15%Open: 196.70High: 199.30Low: 191.70Yesterday’s Close: 197.10


Share Discussion for African Barr (ABG)


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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: 14,527
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: 14,527
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: 2,263
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
stefser
Posts: 68
Answer
Opinion:Strong Buy
Price:132.20
View Thread (2)
RE: stefser
16 May '13
I don't understand, what you mean with net net and the link with the cash.
I mean, when you buy a business with a sustainable operation, this business costs you 750 millions, and you have 405 millons in cash, imo it's a great deal. I'm quite convinced, the assets of ABG are much more worth than the remaining 350 millions.
May be I'm wrong, the future will show.
jollyspeculator
Posts: 14,527
Off Topic
Opinion:No Opinion
Price:132.20
View Thread (7)
RE: Tom aint twisted
16 May '13
recommended...I'm going to get u into the List at this rate...u know wot u r talking about

...r u a City Economist lol?
Ridingwaves
Posts: 2,475
Off Topic
Opinion:No Opinion
Price:132.20
View Thread (7)
RE: Tom aint twisted
16 May '13
Touche.....TA.

One of the most predictable shares for months...IMO

GL
jollyspeculator
Posts: 14,527
Off Topic
Opinion:Weak Sell
Price:132.20
View Thread (2)
stefser
16 May '13
my friend, pls calm down & DYOR...y on Earth would I be suggesting fraud?????????

...net net is CA - all L...just focussing on cash or net cash is unhelpful imv



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