The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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very good start , HGM 240.40 +8.20 +3.53%
Gold
1,741.30
+20.60
Share price now in bargain territory. Topped up again yesterday.
Dillinger is right, shareholders on 23 April receive the dividend of GBP 0.035 per share which is to be paid on 05 June 2020. Not a bad price to be buying HGM at considering it was up around 270p a couple weeks back.
that was the 23 April i think, i think we get paid the div tomorrow, 3.5p a share from what i can see.
Is tomorrow exdividend for HGM?
Ive just been looking at this share, looking to make 25%.
I just have a feeling it has a little bit more down before up, so will keep checking it daily.
i am buying more this morning and i hope we get above 250p again.
Med to long term I think so. Good hedge v inflation given the money printing and zero interest rates. And HGM pays a dividend too.
Gold now recovering strongly. The trend for the next year must be up? Surely?
Not surprised by drop as gold fallen from 129k rubles per oz to 117k rubles per oz in the last 2 weeks. Still falling as oil recovers and ruble strengthens. Expect a drop to around £2.20 before recovering, which aligns to the chart as well. We will see how this plays out as all markets are very volatile right now and anything could happen suddenly!
Quite possibly! Volatility to rule. That's likely to be the story this year. A great year for the "lucky" trader!
We will see. I think the falling Dollar and rising commodity prices is extremely bullish and long overdue. The riots this past week combined with the economic effects brought on by the Covid lockdown and the increasingly dovish language coming from the FED suggests negative rates are coming this summer. Gold stocks outperform this week.
I've reduced as well. The ruble is going to strengthen IMO. To balance that, gold is still rising against a currency basket. Enough impact to come off the top, but we could go either way. Being covid clean is going to be a massive help.
i need some weekend money so some had to go, nice.
Highland Gold Mining Ltd
HGM
263.20 GBX
+15.60 (6.30%)
someone said that HGM might go down today , not
Looks like recovering yesterdays drop.
The drop seems to be in line with the leveraged ruble gold price. The ruble looks like it could get stronger, so we may see a further drop here.
All depends if you trade or invest. Probably not a bad investment point, not sure about trading? Seems finely balanced right now.
Bought another 1500 shares today. I think the retrace has been sharper here than others like CEY, RSG and indeed PUR which hasn't moved down yet!
Gold
1,733.65
+11.75
Oil has suffered enormously recently, weakening the ruble significantly, which has been great for HGM. However, it looks like oil is recovering strongly and so is the ruble.
That's just one factor for HGM profit, but it is a significant one. I'm holding because the yield is almost 5% and not likely to drop this year IMO, but nothing is guaranteed in this new world.
this share is on a roll, dividends being cut left right and centre and HGM still paying 5% - makes a sensible gold hedge in any portfolio
HGM is looking very strong at the moment, yes we could easily see £3 here soon.
Average volume 806.60k
Shares outstanding 363.90m
Free float 227.18m
P/E (TTM) 6.76
Market cap 977.55m GBP
EPS (TTM) 0.3975 GBP
Annual div (ADY) 13.50 GBX
Annual div yield (ADY) 5.04%
Div ex-date Apr 23 2020
Div pay-date Jun 05 2020
Gold
1,753.45
+7.85