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Dibs
Did you have an argument with Santa today or are you dreaming of a bleak Christmas ?
If you hope to pick these up at 5 for a pound, as they say in Christmas markets, I fancy you might catch hypothermia in waiting.
My cheapest purchase was 23.75 ish in October, I always find "TP's" are illusionary, but good luck, Santa might smile on you.
Herr Kapitanin
At last a sensible movement (non bowel).
About time too in my view, but rather a long time in coming, however it looks like a decent stake could be being built up.
This has tested my patience over the years but it could be a takeover target now, still very cheap lmho.
FD
Superman puffed them at 80, sold them at under 50 then went in again higher up (by his own postings), (they are now 39), thought RF was wonderful and if anyone posts an alternative viewpoint he can never be bothered to review it & consider points made but acts as if he is the headmaster of the BB and is never wrong.
By his own admission he does appear to have the reverse Midas touch...
FD
As usual you have encapsulated the essential numbers, when I looked at the rns this morning my first thought was "these are better than expected" followed by "why haven't the shares shot up, or even firmed a bit", then upon looking at them I realised they weren't as good as I first thought, having seen your post I went back in to look in greater detail, & you're right.
IMHO I believe that the estate is unlikely to be saleable at their valuations, commercial property has taken a walk in the park in the last few months & with the brewery not showing much of a divi for MARS 40% stake the real bet is on the estate, which is weighed down by debt in a rising interest rate environment, less than ideal...
So after the results which do look good they are spending about £10m on another SME manager, I was hoping that this year would be a period of consolidation whilst digesting what they already have but this is apparently not to be, management have other ideas, clearly.
lejjb
Yes I get the downside protection bit which is probably much more effective than a simple stop loss.
I am just a bit cynical about reading too much into charts, they can be a great pointer or guide at times, providing one is aware that many people are coming to the same conclusion looking at a similar chart.
Sadly pubs & other hospitality shares have so many unexpecteds thrown at them currently, (labour shortage, power costs being just 2), that past performance as on charts has less relevance is what I'm really thinking.
Really ?
Has it made you any money, changing your mind on movements of less than the bid ask spread on the stock seems rather odd to me, & I suspect many others.
If TA was all you cracked it up to be you might find everyone was doing it, then it becomes self defeating.
lejjb
Please don't think I am cynical, but 8 days ago, stock was 39.64 & "going to low 80's", yesterday stock 37.12 "mildly bearish", today stock is 38.14 "looking good again".
Are you for real or just having a laugh ?
Serious question...
Teddy
You are spot on, all these "won't make a difference" posters must be delusional.
This article is about as bad as it gets, next week the Guardian will have someone in there or someone interviewing ex employees and on it goes.
Trek
Sorry to hear you are going, I've enjoyed our chats on this board, you often raise points in a way that changes my thinking, which I found valuable.
FWIW I am staying in, I like the company & am hopeful this cloud will blow over soon without causing a thunder storm ! It is a finely balanced decision, time alone will tell.
Best of luck to you in the future
Bushy
Our keyboard prophet (not profit), I wonder if he posted this after reading in todays Times that the British troops (250, nothing like the French numbers) are being withdrawn from Mali ?
So I guess Wagner & co will be running things there, providing they aren't already in Ukraine of course !
Trek
Agreed.
We have both been sanguine over this and I guess the divi is the best indication they can give, under normal circumstances I'd have expected either maintain or a 0.5p cut as they are historically very disciplined as to paying divi out of free cash.
Given that with real interest rates giving them a gift on all the cash in trading accounts and with markets perhaps tempting the keyboard warriors to start punting again, once we know where we are with FCA (I am a great believer in that when you open up the drains you normally are dismayed at the smell), then I think we can move forward but this past 4 weeks SP performance has surprised (& pleased) me.
But as you say there are plenty of overlooked potential gems at present.