Member Info for johncut

For anyone wanting a more look through view of GDWN Simon Young substack latest article very good.

US just ticking over to $39 trillion deficit not including healthcare and everything else. Gold not going down this decade.

£24m - 54p eps

£28 - 63p eps

Around 7 times earnings for FY26.

I'd say still cheap if you think gold has upside. Retail fear trade yet to come.

Oak Bloke was pretty much on the numbers. $455m free cash flow. Compare this with mcap. Coming into a oil / gas bull market this is seriously undervalued.

Great spot.

If the company is advising they're outperforming 20% after 4 months of trading then its going to be a very good year.

My own projections were 43p '26 then rising to 50p for '27 so have pulled earnings a year forward for me.

You can say gold is driving this outperformance but its likely gold will continue to perform for the rest of the decade even if there are some pull backs.

Looks at the consolidation in gold with volatility reducing. This would indicate getting ready for another leg higher imo.

I would take it as nailed on that £21m is the floor and its likely to outperform this. The BoD don't put out updates like this certain.

This trading update seems an extra one as no corresponding update last year - is this correct? Also the last update came in Jan so they obviously wanted to flat the upside ASAP.

Every £1m extra in profit is worth 2.2 EPS.

Has anyone clocked that £21m means 50p EPS minimum for this coming year so its on PE of 8.8 growing at 35% a year so PEG of 0.25

45% will be paid as dividends.

I've added more this morning at £4.40

Glad to see my purchases on their website coming through to the SP haha

MAFL own 15% of GS. Stake could be worth $100m alone.

Nothing a bigger royalty wouldn't fix.

Or £1.26 last year! Plenty more to come with this. Same with HBR and ITH i would imagine.

Its a really low beta stock compared to the main markets. Can't get my head around when investment firms say small caps are inherently risky. Buying a whole market tracker at all time highs is a risk imo. If you know what you're buying its not risky. Buying what you don't know is.

This one is a bit sleepy next to my miners! Broker update to the upside will be forthcoming. They've already met 2026 eps forecast with 2025 results.

Yes management is solid and imagine you could rely on them to deliver.

I'm buying more on this dip.

Forgot to add that the dividend policy has moved (or is moving) to 45% pay out of EPS from 40%.

2026 43p eps will likely payout around 19p so gives you 4.7% yield on this morning's price.

My 43p is eps for this current year. £19m pre tax gets you to 43p. This is just based on increase in gold prices and weight sold of 9ct gold.

2027 i would expect 49p eps if this commodities bull market keeps running.

Share price has already run up ahead of the results and investors taking profits.

Anything JPM and the rest of the big banks are saying i would watch very carefully! Remember they're also shorting the metal!

They'll happily leave the small investor as the patsy and are waiting for retail to jump in both feet. They'll sell before you!

I say this after 4x ing my holding so far since early 2025 and don't intend to give any back to the bullion banks!

Not short. 1% long position but don't have inclination to double down. PEG is probably around 1 and unlikely to be rerated to say 15 x PE any time soon. Lots of other better bets in the market at the moment even if this is cheap.

Market suckers you in to thinking there's more then...rug pull

Last time dicount went to par the metal prices shat themselves. Maybe take a little off the table and double down when it happens again.

...as a UK Gamma customer the MS teams integration with WebEx or Horizon is not great. I would personally look at other options when the contract comes back around.

Licensed seats & calling is a shrinking business at least in the UK. As above the technology doesn't blow me away leading me to use Whatsapp for calls or just teams messaging.

Agree...gone ex growth. Market could smell it 6 months ago. Will have to keep up aquisitions, buy backs and increase dividends - leverage the balance sheet further to a modest 1 time debt to ebitda.

Needs a broker update post trading update to get share price moving. I get to 43p eps for 2026 with gold remaining around this price level. 9ct scrap gold now around £40 a gram. 43p eps x 13 times gets you to 559p