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Dorf, that’s a very interesting angle and I wouldn’t disagree at all. The psychology of investing is very complex and different for everyone! Quite often sub conscious, but definitely has an impact on everyone. Retrospectively thinking, the broker note probably had a bigger impact on me than I gave credit for and I’m Mr positive. I do hope you are right with your predictions too as I hold a similar view point.
page 5
Simon Thompson's report has a useful table on page 4 showing EPS moving through the years (2019=0.47, 2020=0.93, 2021=1.9, 2022=3.4, 2023=4). Using current price of 20p ( 20/1.9) means PE equals 10.5.......Using 10.5 as the baseline means share price should be 40p in 2023 if we achieve only 117.4m of profit
Yes I agree.. although that would mean the PE is in fact around 3 after next earnings report. Could this be?
HD- yes a very nice and informative read. In fact great read to understand what is happening, however I feel the forecasts may be a little light with revenue just over doubling from the first 6 months (54M) to $113M. Given the addition of Windsor 8( full 6 months) plus hopefully a few months of the newest chrome plant, the surge in metal prices, a couple of months of copper, I’m hopeful of higher. Hopefully Windsor still adding some PGM production. There are a lot of reasons to be hopeful- Happy Days.
Mickie I agree but for a different reason. Since that WH Ireland report ,which I believe was completely and hopelessly wrong in understating the earnings for the period January to June 2021,where they calculated a fall in earnings as compared to July to December 2020.
That is the only report we have to go on in respect of the earnings for the current half year and in my opinion that has been a dampener as far as the share price is concerned.
Correct earnings for the present half year should instill more confidence a give a boost to the share price for a company which has SO MUCH going for it.
I can only hope I am right as regards to the expected earning
Hi Mikie, I've also been with Jubilee for awhile ( 8 years).
Have you read Simon Thompson's report published on 26th April.
He gives a very nice snapshot of Jubilee Metals.
Exciting times ahead.
Would be great to get an update this week.
Happy days!
Mikie, I’m personally hoping for a complete menagerie of animals to turn up over the next year; elephants, goats, koala’s! The more the merrier! Onwards and upwards!
Since I have been following Jubes ( over 5 years) I feel the July 6 monthly report is the most important communication by far and has the potential to re- set Jubes. This is going to highlight exactly what Jubes has achieved over the last 6 months. Jubes is incredibly active on the growth front as underlined by the antics in Cyprus recently. Jubes by definition and inclination will always have a large scale of operations on the short to medium horizon as demonstrated by the elephants and Kabwe. But it is the immediate future we could see lit up by 6 monthly report. We know Jubes has commissioned 2 new chrome plants recently. This report should give the first real insight to the boost in production both for direct sales and enhanced PGM production. Plus an update on Windsor PGMs would be great. We know Inyoni has been expanded. The impact here will be highlighted in the report. We know metal prices have increased exponentially and I can’t waIt to see the impact this is having. A bit like a head on collision with a bank vault! We know Roan is up and running , with Colin reporting it’s going gang busters over there. The first real impact of copper is going to arrive. A bit like being handed a treasure map to the lost city of elephants and the massive treasure contained within! Has any meaningful cobalt production begun? The report will highlight just how far Jubes has transformed in the last 6 months, setting the scene for the next 6 months. Our butterfly is just emerging! Is this report going to be the one that finally convinces the market, Jubes is here, incredibly scaleable both in Africa and worldwide. With profits going one way, at the start of a metal super cycle on the cusp of a green revolution. Jubes is in the perfect place to establish world dominance in a re invented industry.