Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Just a reminder, but they should demonstrate that things are now turning round and are much stabilised.
Perhaps in due course there will be a return to a dividend payment?
A div would be nice perhaps in 2021 ? once the reorg is complete and sales have picked up.
The reorganisation must be largely over, and whilst the shares remain at this pathetic level, the upside is colossal. I must admit I am keen to know what the major announcement is, all will apparently be revealed at Stampex next month.
Looks like September is going to be a lively month which will be a considerable change to the rest of the year. Currently no analysts are covering the shares, in fairness, the company was such a basketcase in 2017 that it was not investable. I believe that has now changed, perhaps we will see the shares rise to around 5p by year end? That would still only value the equity at £18m which is less than Baldwins is worth on its own. I think the whole company is probably worth over £50m but it will need to start moving into the black again before that sort of valuation comes through. However, it would equate to around 12p a share.
As I say, the share price at the moment is nothing other than a bargain.
Possibly the announcement is that SG are staying at 399 Strand. I heard they have renegotiated the lease.
Carpe, that came out some time ago so I don't think it can be that.
I reckon they are about to enter into a big joint venture agreement with one of the big US auction houses. Should be dynamite for the shares.
Thanks Pearls. I am a bit out of touch here. Probably at 2p the shares are worth a punt in case there is some dramatic news, but I would't stake all of the kids inheritance on it.
Carpe, they are badly oversold, with no analysts covering them, not on the radar of any city institution, and not tipped by any Sunday paper for years. That is the result of the mismanagement back in 2015 - 16 and the change of management and losses that were crystalised in 2017 and 2018. Management now need to show they are investment worthy again - hopefully this will start to become clearer with next month's update.