Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
16% might of been a good move.
Really can’t see why gold has returned to where it started the day but it’s given me another go at being long on gold again.
Hopefully we will see another tick up when the US markets open, sell their equity, then pile in safe haven pm, Gold.
I thought the results were not bad at all. But as solo said it’s about next years results. Add in instability of Peru, a PE for next year of 10, which is high for the sector and you can see why the sp has dropped.
But I do see gold price and in fact most pm having a good year. I think gold will be around 2000 come the end of 2022 which should give HOC a nice lift.
Leaky leaky.
That seems to be theft by Barclays imo.
Well I’m in the same boat as you. I’d like a top up in the 70s.
Not looking good here with the current Russia, Ukraine situation which obviously effects HYVE.
The SP failed to break out above resistance and so there's a good chance the SP will now drop to 85p and possible 72p which would be the bottom of the downward trend channel. Just need Russia to pack their bags and go home and the sp will move up again, but that could be a couple of weeks away yet if at all. Tin hat time I think.
Explains the rise this week. Just need a bit more and it will pop.
A nice write up in IC today but very sloppy being published and not edited to take into account todays news.
Well it’s hitting resistance. If it can break that then looking at 140p.
If your talking about sold too soon, I sold another share 10 months ago for £2k loss. If I held today still, it would be worth £80k.
Nicely ticking up. Here’s an extract from the last Edison report. You can read the full report by registering.
Valuation: Everything points to 30p per share
Pan African is cheap relative to both its historical trading record and its peers. Our core valuation of the company is 41.79c/share (30.42p/share) cum-div. Stated alternatively, we calculate that investors buying Pan African’s shares, cum-div, at a price of 17.50p per share, will enjoy an internal rate of return on their investment of 21.8% per year over the next 18 years, until FY39, in US dollar terms. In addition, our core valuation rises by an additional 13.5%, to 47.43c/share (34.53p/share) once next level growth projects – and in particular, the Mintails/Mogale assets – are taken into account. To this must then be added the value of c 19.2m underground Witwatersrand ounces, which we estimate could lie anywhere in the range of 0.22–5.24c to take the total to 47.65– 52.67c/share (34.69–38.34p/share). Alternatively, if PAF’s historical average price to normalised EPS ratio of 8.9x in the period FY10–21 is applied to our FY22 and FY23 forecasts, it implies a share price of 32.15p in FY22 followed by 32.99p in FY23. In the meantime, PAF remains cheaper than its South Africa- and London-listed gold mining peers on 86.1% of comparable common valuation measures (31 out of 36 individual measures) if our forecasts are applied over the next two years or 80.6% if consensus forecasts are applied (see Exhibit 13 on page 12). Thus, applying PAF’s peers’ average year 1 P/E ratio of 9.2x to our forecast normalised HEPS forecast of 4.99c/share for FY22 implies a share price for the company of 33.3p at prevailing forex rates, while applying its peers’ average year 2 P/E ratio of 8.6x to our forecast normalised headline earnings per share (HEPS) forecast of 5.12c/share implies a share price of 32.0p in FY23.
I think Tamesis were trying to say shg are in better shape fundamentally than a few years ago and the sp should be higher based on fundamentals.
But that doesn’t take into account an ii selling and poor results which dropped the sp. Technically when the sp dropped through support at 10p it was always going lower. Pi’s don’t want to hold a share for a couple of years unless it is cheap. SHG is cheap now. Whether it’s seen the bottom or not who knows.
Yep, that is what was said by RKH -"We look forward to entering into fully binding documentation in the first quarter of next year."
It was Navitas that said by end of January, which I just think was hopeful thinking. All running to plan as far as I can see.
You got in a better price than I. I got 1796. Only going for 1835 as a little concerned with the trend channels converging. So hopefully will get that and then wait and see if it goes up or down after that.
I bought back into SHG this morning at 6.9p