Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
This months average prices:
65% fines $143.52/T with PP of $69.06/T for a total of $212.58/T (+$21.07 from September),
putting the averages for 2021 at:
65% fines $199.80/T with PP of $56.55/T for a total of $256.36/T (-$3.96 from September).
H1 Average:
65% fines $212.17/T with PP of $56.75/T for a total of $268.92/T
Current H2 Average:
65% fines $181.63/T with PP of $56.27/T for a total of $237.90/T
You'll need to download snapform viewer on that page first to bring up the forms.
Click my name and scroll through my last page of messages, it's mostly there. I don't know where to send it to yet, waiting to see if there's a divi before the end of the year before I post my copies off.
Might see a drop in GBP/USD which will likely push us down further, I sold some at 321, with rebuy ~275 region. My lowest is to around 240-250p. Think this is going to be a hold for another year or so. At some point it'll rerate upwards, and doubling price again could be pretty easy.
Lower than I expected with no notification of a dividend yet? Might keep the slide in the price down to 280p with that?
I put likely profit at estimated 3mT of $290m, be interesting to see if they hit 3mT in the quarter though. Final Pelletiser should be upgraded by now too. Maybe they'll try to bring forward the expansion of the growth projects they had planned for 2024 with the free cash flows. They could be looking at a current net cash balance heading towards $500m now.
This months average prices:
65% fines $144.42/T with PP of $47.09/T for a total of $191.51/T (-$39.28 from August),
putting the averages for 2021 at:
65% fines $204.89/T with PP of $55.42/T for a total of $260.32/T (-$9.12 from August).
H1 Average:
65% fines $212.17/T with PP of $56.75/T for a total of $268.92/T
Current H2 Average:
65% fines $191.45T with PP of $55.91/T for a total of $247.36/T
I'm curious what people would put a fair market cap for FXPO at now? Considering current asset value, debt, with divi yield.
With a market cap of £1.85b and an estimated £1b profit this year with no debt, I topped up today at 308p. Should have sold at the high, but expected a continual movement upwards. Looking at the two waves over the past 5 years that's probably wave 3 and maybe retracement almost complete.
Hopefully dividend will be declared next week
The negative price action is purely based on iron ore price. The fundamentals of this company I think has actually dampened the fall this time. The price back in september 2020 when iron ore price was peaking around $140/T 65% we were at around 200p. The current Iron ore price of $146/T 65% is probably reaching a resistance between $130-140 range. I'm definitely not selling at this point as I'll be looking for the price rebound action hopefully soon. But soon for me is the next few months.
Most broker updates aren't at all accurate, why would they want to give the general public actual up to date investment ideas. I'd say Barclays are about a year behind, JP Morgan and Peel Hunt just stated the current price when they updated, Liberium is the only one that look like they've done some homework
Claims process can be done only once per calendar year and will usually take several months to go through the system. So If you filed in january I wouldn't expect it till May at the latest.
It's a normal payment, but you'll only get 65% of the expected amount as the swiss withhold 35% until they know whether you've paid the required tax in your country. If it's then in an ISA then you'll be able to claim back 20% leaving 15% for the swiss. If it's in a pension then you should be able to claim back the full 35%. Opting for shares/cash is a broker thing nothing to do with what you receive in dividend from the company. It'll automatically be GBP but I think you can opt for USD from the company if I remember correctly.
You have to claim all dividends for the same calendar year in one go, so I plan on filing in january since there's likely another dividend or two later this year. I'll then claim two years on one form. If in doubt look through the notes at the end of the form 86
If you have the shares in a pension you should be able to claim the full 35% and it'll be in a different column on the form.
Well from what I've gathered, first stage was to get dividend vouchers from HL which took about 48hrs after an email enquiry and they send me the last 2 years in one pdf document with all declarations needed.
Next step will be to convert to swiss currency on the date of receiving dividend, then I'll need to calculate 20% of gross and input all this into the form 86 which can be downloaded and input. You then print off the document 3 times, sign, and send off to the UK tax office to verify you're a resident of the UK at the dates of the dividends. Then send off two of the returned copies to the Tax office in Berne.
This months average prices:
65% fines $184.77/T with PP of $46.02/T for a total of $230.79/T (-$80.18 from July),
putting the averages for 2021 at:
65% fines $214.20/T with PP of $56.87/T for a total of $271.07/T (-$4.27 from July).
H1 Average:
65% fines $212.17/T with PP of $56.75/T for a total of $268.92/T
Current H2 Average:
65% fines $219.97/T with PP of $57.21/T for a total of $277.18/T
I'm guessing the dividend vouchers from HL will be in GBP, so will convert to CHF on due date using and online currency converter?
I have shares in an ISA, which looks pretty self explanatory as being column 7 on the form. Now to trawl through paperwork and figure out what's owed.