The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Ken you are right. This is true for all shares I believe having done some digging. So our dividend yield is £0.00869 a share. Does this mean we need to subtract 20% so 0.00869-(0.00869*0.2) = 4.2% dividend?
There is the possibility that SP going down is some inside information on this Mintails transaction with the liquidators. As a new investor, I am impartial and likely benefit from this fall. Blyvoor Gold Surface Tailings looks promising. There is too much good stuff in PAF there should be a re-rate with a dividend hike.
Hi again Gav, thanks for the heads up on 250k production increase target I did not know that. I bought in ahead of research due to price. Hope they upgrade it prudently. I bought around 7p where you bought in I think but sold 17p and maybe in 20's. More luck than skill back then. iii forum rings a bell? This time I can actually read a balance sheet and understand investment phycology and the macro environment. Still can't type in English very well! We are entering a tough period globally and investors are wanting dividends. Some are wanting to get away from crypto now that they realise they own nothing. Higher rates are a bit of an issue for the POG gold as there is no yield and this is where PAF come in. I think Centamin actually pay a good dividend too but their share price is going up too fast. Can't believe the SP here is actually going down. I will continue to add in small chunks every day and I see a seller in the trades for which there must be a buyer at these levels.
Ken there is a link to a form on the PAF website to send AJBell: http://www.panafricanresources.com/wp-content/uploads/Non-SA_Dividend_Declaration_Form.pdf
Ammo?
We know this year's net cash balance was US$161.6 million, an increase of almost 40% compared to year-end 2021 and remains debt free. So JSE can buy if needed but once the SP recovers on production you can then see the potential for growth on top of that using the cash it generates. The dividend at these levels is OK but this is not a dividend play like I3E until there is long life-producing assets. The potential is there and I guess we have the ammo for it all.
(Just a reminder) to set dividend re-investment on your platform if you have not already done so and don't need the income. Anyone holding the major US oil companies (many do via SPOG etc...) should consider selling them for better value lower multiples like this or BP and Shell (via ENGY for example) or here. Anyone buying JSE should see strong rise even after good news but should de-risk. Obviously its all up to you its your moneym its just I have been around a long time and selling risky assets for safer value plays should save you a packet if the market mean reverts back down again.
Hi Gav, you must be around these gold miners for over a decade. I've changed my name. I had taken part is past fundraising and now getting back in I wonder about the soon to be debt-free status and the possibility this will bring larger and more frequent dividends going forward. Gold miners have been terrible dividend payers when RIO, Vale etc... paid out over well over 10% this year. I am buying in here with the hope of dividend growth rather than large-scale expansion and this will bring something new to the gold mining market.
Whats you and you all views on the next move for PAF?
When combined with a rising share price it is concerning as negative news will bring the SP down. I did not see those larger trades yesterday as I don't have the time to be trading but some confidence from those is there. We know it MUST be repaired at some point and then news from construction and then eventual extra revenues... looking forward to the gas for diversification. Then dividends.
There were simply no sellers and virtually no liquidity to buy so it's just PI's pushing the price up. But I do hope for good news followed by a years worth of share price growth to catch up on!
Thankfully no news due for those playing a long game with dividend re-investment. Or for those still accumulating as there is not much cheaper of earnings and dividends on LSE. 30p is very possible but you are better off in other energy companies whose ticker ends in "E" like JSE or RSE.
Been reported that Natural gas output fell by more than 50% in Ohio and by more than 20% in Pennsylvania as the storm froze wells and equipment. This will be a blip but does anyone know if I3 Energy are impacted?
There is too much PR in this stock. It must stop.
Management with an excellent track record. Or recency bias? If anyone is looking for a profitable oil company away from this madness look at I3E with higher dividend, growth, more oil and gas, decent production with growth buy I3E.
The dividends from mining and oil I am sure will mostly get re-invested in the clean energy sector. BERI I hope is the most exciting fund for the next 5 years. China going back into lockdown may hit mining but the opposite is true. the oil sector is manipulated by OPEC (and NOPEC) and the clean energy part is an absolute must.
Very low volume day. Very low shares were bought back yesterday.
Could not pick up any until this large sell I presume that created a bit more liquidity and buyback opportunity:
200,000 / £145.00k at 72.50p This allows us to buy at 73p.
Datron and I am not sure which one they have more than 30 or so funds and trust!
Dartron, I don't think Premier Miton Group (PMI) should materially befit from this but the funds it manages would.
There was no need to do deals during a period of high gas prices. Returning the cash to shareholders would have provided a small market cap where a high dividend yield could happen attracting new investors and providing income.
They've ticked every box. Serenity, ESG, Growth and Dividends. Make this a much stronger buy than DEC. If one was to sell there is nothing that offers this mix in a geopolitically safe region.
"Isn't the next step to get off AIM, " - I rather not pay the stamp duty of the main index thanks. I for one continue to accumlate :-)