Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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This has disappointed the last few months, those director sells early this month were a big red flag and I'm out of here now for the time being. Will keep it on the watchlist for now.
These own transaction purchases have given a little strength to the s.p and don't seem to want to miss out paying whilst price dips.
Keep chipping away at own share purchases. Like the economy, resilient if not spectacular and becoming solid divi play as outlined in report.
Looks like they need a good discount, as the w.cup sentiment is going to drag on Qatar short term.
just got to out wait the release of the discount
This has stabilised the last month or so, continued share buy backs and that treasury amount went down again.
Other than a weaker oil price which I dobt will affect Qatars economy drastically, don't see much else has changed here.. Added last few days.
came through on friday
If you look at the PWC report oil and gas has had negative returns last year anyhow, this mirrors the overall Qatari stock market more in terms of growth prospects i.m.o
Growth expected to be stable, with inflation of 4% in 2015 as lower oil prices increase efficiency in non-oil & gas sectors. Not sure if the tender offer is factored in yet, expecting a fall when this goes ex-dividend but should encourage others looking to buy into 2015 growth picture. http://www.pwc.co.uk/assets/pdf/qatar-economy-watch-january2015.pdf Qatar projected to benefit from growing tourism trade in 2015 http://dohanews.co/qatar-hotel-options-multiply-2015-amid-rising-visitor-numbers/
Yes the stability created through this active participation adds welcome stability. Todays update lists cancellation of some shares held in Treasury, 1,294,661 down to 1,138,969, roughly 156k shares (£200k+). Ex-dividend date confirmed for the second week of February Once the tender offer complete there will be 139,285,912 shares in issue. Market cap today of £201m falls to £180m assuming the shareprice remains at this level.
They kinda to have to buy back when SP gets below NAV and also sell when SP gets too far ahead of NAV. If not some b@@@@r (sorry, private equity) comes in and buys or shorts the thing to "release the value" and the manager loses his job. This is a nice aspect of closed ended funds.
Will have to keep an eye on NAV in 8-9 months time, estimate whether they buy back 10% of shares again.
This will be another to climb once oil stabilises. Chart over retraced, now steadily getting back on track relative to NAV.
transaction just went through
Makes sense keeps the NAV close to the Mkt Cap. While being in Dollars helps a bit.
Says it all. Another year of buy backs on the cards ;)
Spread widened to accommodate the chunky late is my educated guess. Will keep pushing higher in time :)
Right, the way this share works is that the spread opens wide in the morning when the MM don't have a real view of what is happening in the market. As trades build up the spread closes down, so the MMs are letting the investors make the market.
up to 2.96% this aim, I wonder if this is a morning thing?
Spread has calmed down to more normal 0.18% from 2.3%
$1.6M just went through @ $1.3513 with a claim of sell, in which case prices should have dropped, what has happened is the spread has opened way out and no activity is ongoing.
Thanks blackford
One year chart says it all. This is a buy and almost forget type. Something to tuck away if you believe buy and hold still relevant these days. Don't see much to slow down over there bar ww3, somehow I think they will keep prospering long term and expect continued purchases of their own shares for awhile yet. Dont post much here, as many stocks i fancy seem to have little interest on these boards, bar odd higher risk punts. Hope it pays off for you bilbo.