Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Will a modest share buyback on an illiquid stock that’s historically under performed move the needle ?
I’m not convinced - though I fully agree with Werner & the board that GDP is significantly undervalued. However it doesn’t help when the CEO cannot hint/ guide on future prospects. At no point in his presentation did I get a clue on future volume,pricing, margins or free cashflow. How can busy investors gauge the undoubted value ? He needs to learn the corporate dark arts to complement his strong operational bias. Also the house broker need to get the finger out. The current forecast is embarrassing & Werner signalled that. WHi, get a sensible update out soon.
CEO buying could help certainly, Klingenberg is most qualified on the financial side of things. But then again one of the directors already holds about 28% which will increase to almost 29% following completion of the circa 3 million shares buy back.
The decision to buy back shares likely encouraged by our largest holder and director Martin Ooi. The website states he "intends to focus on capital allocation decisions and helping to maximise the per-share intrinsic value of the company". A regular dividend while better for shareholders works against his intention to build value in the share price so I'm guessing future dividends will remain low, yielding 1-2% at least this year anyway. Hope I am wrong about that.
Maybe the CEO should buy some as he feels we’re so cheap. Couldn’t have as bad effect on the SP as the “buyback scheme”!
On a side note, I’m as certain as can be we will get a dividend come full year results, but it better more than a poxy £200k!
Share buyback isn't going to last long at this rate! 700k shares (£50k) today and the limit is approx £200k. To spark a reaction here they may want to raise the buyback limit to £500k and pace themselves over months rather than days..
Did anyone attend the ShareSoc presentation yesterday? Any news from it?
Are we able to watch the presentation and questions still? I've had no luck finding a link
It's only H1, what do you expect? If the shares have low value then a share buyback is a better use of funds in my opinion and would expect at least another 200k buyback after the full year. That's 3% of the free floating shares gone.
Agreed. A side effect may ba a rise in price due to greater investor interest. After all there is money in the bank, and a PER of 5!
On a positive.
He really pushed the fecking boat out on this one !
Would be better as a divy....
£200K vs £12M market cap is indeed underwhelming but at least it indicates a willingness and shift to rewarding shareholders. Hopefully more to come in the future.
I’ve bought in this morning. Looks well undervalued and the buyback should start to propel some momentum here, especially given the illiquidity.
Good look all, hoping to see 10p+ In the next couple of months.
Slightly underwhelming, but good luck trying to purchase £200k in this, the most illiquid share on AIM!Would have preferred a dividend, cheap barstewards.
This will be worth up to £200,000! Wow! (Not!)
https://www.londonstockexchange.com/news-article/GDP/share-buy-back-programme/15387590
The comment on the uncertainty of the war in Ukraine is typical of the mindset of this Board? They like to receive their inflated salaries and **** the shareholders? Safety first is the mantra when they are not frittering away excess cash?
The Interim results would have been very well received but for company's decision to increase it's stake from 76% to 90% thereabouts. A strategic long term decision no doubt but the short term impact has meant it's taken the shine off what what was undoubtedly our best H1 that I can recall! As others have said, with the gold price trading and no imminent capital expenditure of the ordinance blown in the first half we should begin to move up into double figures. A dividend announcement may come in six months time also.
Interesting to note the group's comment on the Russian war in Ukraine: "Whilst the Group's trading expectation for the remainder of the year is currently unchanged, it is worth noting that the impact of the Russian invasion of Ukraine is posing a significant challenge to the global supply chain industry. Whilst Goldplat has no activities directly connected with Russia or Ukraine, the long-term effect of the conflict on the Group is uncertain."
Can anybody foresee the conflict affecting operations either directly or otherwise?
Looks like the hoped for divi has been postponed?
so the market cares more about FCF and profits, rather than dividends that obssess the bungling Majors on here - EPS 1.19p. Expecting better 2nd half due to higher gold price, let's be conservative and say 2.5p full year. With 2.5p per share of cash then, that leaves the business on a p/e of 2. Crazy cheap.
“I am pleased with the continued strong operating results achieved by the group, but even more so, how this is translating into increased profits and earnings for the -----------------owners of Goldplat Plc
I.e the managment. ...
Even a biannual 2% divy would be something.
If this continues we need a new CEO more aligned with the shareholders and the sooner the better.
Was thinking the same thing. It has to come up in the end of year, Gcat will be producing 2k Oz's plus of gold by then and the board did mention of at least the royalty of that being paid to shareholders.....
No mention of Dividend? or am I missing something?
https://www.londonstockexchange.com/news-article/GDP/interim-results-six-months-ended-31-december-2021/15373610Goldplat achieved an excellent result for the six months ended 31 December 2021 including: • Increasing operating profit, against the six months ended 31 December 2020, by 28% to £3,334,000 (31 December 2020: £2,600,000); • Doubling of net profit from continued operations attributable to owners of the company to £2,071,000 (31 December 2020: £1,013,000);• As a result of increased performance, the fully diluted earnings per share for the six-month period doubled to 1.19 pence per share (31 December 2020: 0.59 pence per share), and;• The group cash balance (net of overdraft) remained strong at £1,640,000 (30 June 2021: £3,459,000). Werner Klingenberg, CEO of Goldplat commented: “I am pleased with the continued strong operating results achieved by the group, but even more so, how this is translating into increased profits and earnings for the owners of Goldplat Plc
ShareSoc is hosting a webinar with Goldplat plc (GDP) on 29 March 2022, which may be of interest to current shareholders or potential investors. Werner Klingenberg (CEO) will be presenting. You can register here: https://www.sharesoc.org/events/sharesoc-webinar-with-goldplat-plc-gdp29-march-2022/
"especially as we expect Goldplat to eventually re-join the ranks of dividend payers."
This has been the message for some time now, the question is when and what dividend?