Member Info for 42trader

The 87756 trade was a buy of mine.

I'm getting 10.033p to sell and 10.25p to buy, so i'd say those trades are sells. Probably someone selling due to the recent rise in gold price. Short term pain imo.

I use iweb. It's not unusual for some of my trades not to show up.

The market seems to like the protests! You would of thought the sp would drop but since the protests have started the sp has risen.

Nov 12 - Residents of an Andean community in Peru broke into Hochschild Mining Plc's Inmaculada gold and silver mine, the company said on Saturday, causing interruptions and putting the safety of its workers at risk.

London-listed Hochschild Mining HOCM.L said in a statement
that residents of the Huancute community in the Ayacucho region on Friday night broke the metal fence to the mine and attacked the vehicles with stones.

While the incident interrupted the flow of internal
operations at the mine, a company representative said it "did
not paralyze production."

Reuters was unable to immediately contact leaders from the
community for comment. Residents from the area last year
demanded that the company close its mining operations - which it rejected.

Protests from poor communities against big mining companies are common in Peru. At times, these have led to temporary
closures of operations in the world's second-largest copper
producer.

Actually they do buy 26p of shares. It is most likely a spreadbet position.

Burn those shorts/trolls soon. - says the biggest troll here!

https://www.marketindex.com.au/asx/rsg

I wonder why paf did not go higher today like all the other miners?

£1 by Friday? Not a chance of it.

That £100k at 7p at close was the UT.

No idea sotolo but I have 3 questions the board need to answer.
Is the mine still in operation?
How much damage was caused by the fire?
How will the protests be resolved?

I'm a little surprised there is no rns news out today regarding this situation reported by Reuters.

Oct 31 (Reuters) - Peruvian demonstrators on Monday burned infrastructure at Hochschild Mining Plc's (HOCM.L) Inmaculada mine as part of a protest, the company said, threatening the operations of its largest mine in the Andean nation.

UK-listed Hochschild is an important precious metals miner and Inmaculada produces both gold and silver.

The company did not say if production had been affected, but said protesters had blocked the entrance to the mine since Oct. 27.

Not going to be good for the sp today.

Well Italy was always expected to go for the annulment. They have spent years avoiding paying so why would they stop now. They will fight it until they have no option but to pay.
For me, this was never about the payment, it was just a bonus. This is more about a long term investment that hopefully will return massively. This could be another chance to add more.

This is part of what was written on Stockopedia today.

“ My opinion - there's loads more detail in the audit report, and it just shows (as with Cakebox) that we as investors should download the Annual Reports as soon as they're published, and go straight to the audit report, and read it carefully. In this case, SDRY has had ongoing sloppy financial controls for the last 3 years, all disclosed in the audit reports, but it's the first time I've become aware of it!

I think this issue leaves SDRY shares wide open to a critical dossier, of the type that short sellers use to make money on a falling share price, often exaggerating the problems.

Maynard Paton issued a critical report on CBOX not long ago, which also had a crushing impact on the share price, from which it's never recovered. I don't think he was shorting it though.

The same sort of issues seem relevant at SDRY, and this issue has had almost no publicity so far as far as I know. Therefore, I think SDRY shares are probably best avoided for now, due to the depth of the problems in its finance department. This is a damning indictment of the CFO, although he's only been in the role since 2021, and raised eyebrows as he had previously been sacked from the role in 2015 due to being made bankrupt by HMRC (since overturned).

This all looks a bit of a mess, so for now, I think SDRY shares are probably best avoided.”

Who knows where the bottom will be if not the bottom hit already.
Gold on the other hand has likely hit its bottom. I think the sabotage of nord 1 and 2 is just catalyst for golds turn around. I think investors are just starting to realise the catastrophic effect of the sabotage that will now happen and pile in safe haven gold. Tough times coming multiplied by this sabotage. Which country did it is anyones guess as there as so many negatives for all countries that would have a motive. Let’s just hope this does not lead to nuclear war. Very scary times.

I suspect the sp has been held back today as orders are being filled. Navistas completion is just another tick of a box. Slowly but surely everything is coming together.

Fincapp’s target price is 180p

Arcontech’s compelling value opportunity

Operating profit beats forecasts by 8 per cent
Net cash up 12 per cent to £6mn (45p a share)
Annual dividend realised 18 per cent to 3.25p a share
Aim-traded financial software provider Arcontech (ARC:82p) beat house broker FinnCap’s operating profit forecasts by 8 per cent, albeit they had been downgraded last autumn after one customer decided to scale back its market data spend, and another decided not to renew its contract because it is switching to a solution in a legacy, bundled contract.

Adjusted operating profit of £0.87mn was still a fifth below the prior year result on 9 per cent lower revenue of £2.76mn, but the fact that the board lifted the dividend 18 per cent to 3.25p a share and issued an upbeat trading outlook is well worth noting. That’s because several years of inactivity during the Covid-19 pandemic (at many of the company’s clients and prospects) has created pent-up demand and a robust pipeline of contract opportunities.
Although conditions remain uncertain, as economies globally face well-documented challenges, Arcontech’s directors are “confident that some of the current interest will be converted to firm orders and start to build back the revenue lost during the pandemic”. Also, as rivals push through price increases, Arcontech is well-placed to capitalise by offering its expanding range of solutions at attractive prices.

So, although FinnCap conservatively pencils in current-year revenue of £2.65mn to factor in a full 12-month impact from last autumn’s contract losses, analysts at the brokerage “see substantial upside” to their forecasts and note that Arcontech’s operational leverage means that it could drive double-digit growth to operating profit estimates of £0.65mn. Furthermore, the company is a prodigious cash generator, delivering £0.97mn of free cash flow in the 2021-22 financial year, implying a free cash flow yield of 8.8 per cent, and boosting net cash to £6mn (45p a share), a sum equating to more than half its £11mn market capitalisation.

The bumper cash flow performance enabled the board to raise the payout per share by 18 per cent to 3.25p, declared from adjusted earnings per share (EPS) of 6.5p. On this basis, the shares are priced on a cash-adjusted PE ratio of six and offer a dividend yield of 3.9 per cent. FinnCap believes that the dividend could be hiked to 3.6p a share in the current financial year without making a dent in the cash pile. This is based on an ultra-conservative EPS estimate of 4.9p, implying the shares offer a prospective dividend yield of 4.4 per cent and are priced on a cash-adjusted forward PE ratio of 7.5.

Arcontech’s compelling value opportunity

Operating profit beats forecasts by 8 per cent
Net cash up 12 per cent to £6mn (45p a share)
Annual dividend realised 18 per cent to 3.25p a share
Aim-traded financial software provider Arcontech (ARC:82p) beat house broker FinnCap’s operating profit forecasts by 8 per cent, albeit they had been downgraded last autumn after one customer decided to scale back its market data spend, and another decided not to renew its contract because it is switching to a solution in a legacy, bundled contract.

Adjusted operating profit of £0.87mn was still a fifth below the prior year result on 9 per cent lower revenue of £2.76mn, but the fact that the board lifted the dividend 18 per cent to 3.25p a share and issued an upbeat trading outlook is well worth noting. That’s because several years of inactivity during the Covid-19 pandemic (at many of the company’s clients and prospects) has created pent-up demand and a robust pipeline of contract opportunities.
Although conditions remain uncertain, as economies globally face well-documented challenges, Arcontech’s directors are “confident that some of the current interest will be converted to firm orders and start to build back the revenue lost during the pandemic”. Also, as rivals push through price increases, Arcontech is well-placed to capitalise by offering its expanding range of solutions at attractive prices.

So, although FinnCap conservatively pencils in current-year revenue of £2.65mn to factor in a full 12-month impact from last autumn’s contract losses, analysts at the brokerage “see substantial upside” to their forecasts and note that Arcontech’s operational leverage means that it could drive double-digit growth to operating profit estimates of £0.65mn. Furthermore, the company is a prodigious cash generator, delivering £0.97mn of free cash flow in the 2021-22 financial year, implying a free cash flow yield of 8.8 per cent, and boosting net cash to £6mn (45p a share), a sum equating to more than half its £11mn market capitalisation.

The bumper cash flow performance enabled the board to raise the payout per share by 18 per cent to 3.25p, declared from adjusted earnings per share (EPS) of 6.5p. On this basis, the shares are priced on a cash-adjusted PE ratio of six and offer a dividend yield of 3.9 per cent. FinnCap believes that the dividend could be hiked to 3.6p a share in the current financial year without making a dent in the cash pile. This is based on an ultra-conservative EPS estimate of 4.9p, implying the shares offer a prospective dividend yield of 4.4 per cent and are priced on a cash-adjusted forward PE ratio of 7.5.