Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
20 Nov 2019
Half Year Results for the six months ending 30 September 2019
If positive, may give momentum to an upward trend in the SP and force some of the short sellers to close positions. Trading statement in September affirmed that trading was in line with previous guidance so hopefully only positive surprises.
1st half results stated in September: £52.6m profit and full year guidance unchanged at £105m to £120m.
Probable Factors/Differences between 1st half results and 2nd half results?
- 6 months of Spirit of Discovery profits and updated forward bookings data (so far so good, very good)
- 4 months of Fees/earnings from the 1.4% interest Marcus savings account offered in collaboration with Goldman Sachs launched this month (no idea what SAGA will make out of this but might be a nice earnings surprise and support increased future guidance)
- Upcoming (surely very soon) announcement of new CEO replacing Lance Batchelor at end of Jan 2020
- Developments regarding activist US investor Elliot and their influence on share price
As soon as the RNS starts flowing - hoping for an SP leg up from where we are now
They said the following in the June trading update:
19 June 2019
Saga plc
("Saga" or "the Group")
AGM Trading Update
Saga plc, the UK's specialist in products and services for people aged 50 and over, announces a trading update for the period from 1 February to 18 June 2019.
The Group is making progress in the implementation of the strategy announced in April despite challenging trading conditions in both insurance and travel markets. Trading for the period is broadly in line with expectations with good early progress in the launch of the new insurance products, although Tour Operations is being impacted by current political uncertainties.
So 'broadly in line with expectations' for 4.5 months out of the 6 months to be reported on in September - already announced. Hopefully those last 6 weeks will play out the same message and stabilise the SP. We'll see.
Yes, hoping for good news about higher than expected output from Kyzyl - then broker upgrades to follow.
Yes sasa - very good point!
There is also another significant 'potential' on the horizon. Further share price and market capitalisation growth would result in Polymetal promotion from the FTSE 250 to the FTSE 100:
"A stock will be promoted into the FTSE100 at the quarterly review if it rises to 90th position, or above (by market capitalisation).
A stock will be removed from the FTSE100 at the quarterly review if it falls to 111th position, or below (by market capitalisation)."
Today Polymetal is currently sat at 102nd with a market capital of circa £4.1Billion. Position 90 has a capitalisation of £4.5Billion. So a share price rise for Polymetal to around £9.60 (10%) could do the trick.
The next FTSE review happens in March so let's see if good results on the 31st of Jan spark further upside......
Pros
1. Consistently beats production targets
2. Solid long term gold mining assets
3. Rising gold price
4. Weak Ruble / Dollar = lower all in sustaining cash costs per ounce of gold
5. Consistently growing dividend and EPS
6. Low P/E ratio versus other gold shares
7. Gold = safe haven for stock market crash
Cons
1. Possible stronger Dollar with US interest rate rises
2. Continuation of risk on stock market rises
3. Political instability in region?