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Buying oppertunity imho, ive firstname.lastname@example.org . I was suprised tbh, looks like it had a false breakout last week technically speaking. This an over reaction back to the downside. Should stabilise. Great divvy yield and policy, Happy to hold long term.
Put crudely, there appears to be a stigma attached to Russian stocks. But looked at objectively and over a long period, Highland Gold doesn't seem to present governance issues. The management and the Russian authorities have had ample time to rip off investors. Cynical though it may seem, doing so would probably not be in their long-term interests. Demonstrating that the company can deliver for shareholders makes a lot more sense. Whether that changes in the future who can tell?
As for dividends, the company is mature and is doing what I would like it to do as a mature resource company. It's distributing excess profits to the owners of the enterprise. For me, that's a smart move. It shows confidence in the future – it's a cash movement. A very important signal. Frankly, I feel quite relaxed about investing in an established, dividend-paying Russian miner. And a look at its share register shows that I am in good company. When a listed resource business develops beyond a certain point and pays little or no dividends, it raises my suspicions about its underlying full-cycle costs. This does not appear to be one of those companies.
In my view, it also has a substantial upside on its doorstep. It doesn't need to make a "Transformational" acquisition. Or to go into new jurisdictions that may present a variety of problems.
The one potential downside I do see is whether there are changes at a political level in Russia. But, in my opinion, the company's dividend policy mitigates the risk.
Yep, a nice surprise for me, too, panda - not many shs offer a prospective 10% yield, post this second interim decision by the BoD; an unexpected Christmas bonus, implying their finances must be in pretty good shape currently - sasa.
Yup, so need to be holding on 19 December to receive dividend. This second Interim dividend was a surprise for me, a very pleasant one! So we should receive three dividends this year for a yield of around 10%. Very happy to hold HGM as an investment.
Hi All, I have a position in this stock and see that with my new Broker I can also trade this stock on the German Stock exchange. This will reduce the cost of transactions. Does anyone see drawback of trading the stocks there. I am already having the euro as currency.
Easy to overlook but, in my view very important, this is a company with serious institutional support. Taking a look at its 2017 annual report, we can see the likes of JP Morgan and Credit Suisse with reportable holdings as of 31st March 2018. And this is a company whose market cap is currently around £480 million and the shares are now trading with a spread of around 14 basis points. Basically, it's a liquid stock that they could get out of if they wished. They clearly are not holding those positions because they cannot get out.
Upon initial reading, results are about what the market was expecting. Obviously gold sales at $1206 are a sore point but operationally speaking, the average grade was up on last quarter and the previous. I expect if that continues into the fourth quarter they could exceed upper estimates of 275koz for the year. If the price of gold remains at this level then I think we may see a dip into the 130s again. GLA
The Gold Forum webcast is, in my opinion, worth viewing. Obviously, he puts his company's investment case but as he points out, Russian Gold miners have been listed on the London stockmarket for some 20 years. During that time, he argues, there have been no major issues in terms of Russian Government intervention – tax issues, revocation of licences and hostile takeovers. He makes it clear that there is a major difference between the oil (And gas) and Gold mining sectors. The latter is not subject to the same type of interference that has beset the oil sector. According to Alexandrov, the Russian Government simply does not control the participants in Gold mining in the same way as it has done so in the oil and gas industry. And, as he says, the last time the Government got involved in the sector was in the 1980s and that was a disaster. So, basically, it has been left to the private sector. Having said that, in my view, it seems to have issues overcoming past perceptions.
By the way, this piece from the FT published last year could be worth a read.
Today is dividend pay day and next week the next quarterly results. Not too keen on holding this right now with gold struggling to hold 1200 and other junior gold producers offering better value return. However expect this to jump in the new year lead up to FY results and FY dividend. Anyone accumulating this over the likes of AAZ, HUM, SLP, BMN?
Hi All , Good and interesting presentation at the Gold Forum in Denver USA by Denis Alexandrov
He Spoke on September 24, 2018 at 8:50 AM podcast
THE GOLD FORUM Now in its 29th year, the Denver Gold Forum (DGF) is the world’s oldest and largest gathering of precious commodity equities. Presented every year since 1989, it now showcases seven-eighths of the world’s publicly traded gold and silver companies when measured by production or reserves.
The invitation-only Gold Forum is attended by the world’s leading specialist precious metal investors as well as generalist institutional investors, private equity, and hedge funds. Buy- and sell-side analysts from around the world make up the balance of the participants. Cheers happy trading as always DYOR Buck