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Thanks again Otho, apologies for my spelling and punctuation. Trying to type on a phone whilst taking a few minutes off work was challenging. I take your points about the wider industry and associated costs. I suppose an extra dimension to my complaints was that the Co weren't forthcoming with some of the information until pressed and after huge debate in the PI forum world.
I actually liked the sound of the Bunker Hill deal initially and spoke to a senior member of their BOD which alluded me to its long term potential, but shortly after the initial RNS when things seemed at their lowest ebb and most of us were bashing the deal, it felt like the HUM remained slightly shy on discussing/reporting it in their wider updates and results. But this again has now been corrected to some degree.
But I do hope the Co. has learned from its mistakes and it is clearly undervalued.
I know financial reporting is a bit of a game too with other companies being much less transparent with much higher PE's. Its refreshing to get a response like yours. I really appreciate yours and many others input on this board.
Cheers
@Othodelagery.... Thanks for the response. When I question Douglas Ross previously as I was concerned with the disconnect between him selling price and market price of gold I was informed we sell ours on Dore. Which is fine, but prior to that I struggled to find it. Might just be me. Then the one origin gold. I forget some of my original annoyance, but initially it looked like Betts metals were buying direct from hum and at favourable prices which was a massive conflict of interest. Then was it Betts father in law?? The hedge fun guy who had a conflict over hum shareholding then had to resign.
Seperatley I don't enjoy extrapolating non AISC items and also comparing the all in AISC costs against the financial statements. Yes income is positively trending in a lovely upwards trajectory, but despite this it seems that cost seem to always follow. Yes I understand we are paying down long term debt well, but we have had very high debt on the financials to do with creditors and working capital that looks like it might have gaps in. Financials I can't reconcile. The other issue is that they didn't explain very well how and why covid has pushed AISC up so much. Something close to $200 per oz when fuel (a major component) has been at historical lows????
I really like this BB hence why I posed the question.
All IMO
Thanks
Been here since before first gold in Mali. Just about even in my investment. I want to be really excited for the future, but despite Mali coup, we've been in a perfect storm i.e. Gold price etc etc, but everytine I look at the figures released it feels as if something is missing, hidden or deliberately obscured. The company don't seem to voluntarily disclose unclear items IMO.
Is this the real reason we are so undervalued compared to our peers?? Shanta, Barrick, Cora even are all on higher multiples.
When you think it was not even 2 years ago we had the pit wall collapse and a terrible rainy season that pushed the company to the edge and here we are now with 5 class assets spread over 4 countries, its actually reassuring how our BOD have come through things given the fierce scrutiny they have come under from P.I's.
With ever increasing gold prices and the ability to overcome obstacles, the recent coup is not overly worrying.
I like HUM's story and I think it will only get better
I've been in since quindell days and have recovered most of my investment. But what next? Only ingenie and a couple legacy (potentially positive) court cases/litigations left and a few mill in the bank or could more sales/settlement news be on the horizon?
I think we'll see results by the end of this week and that they will make for very good reading... Hopefully the SP will rise towards then and roar ahead following the release.
IMO. GLA long time holders and new investors
It should keep increasing upto the Q2 & H1 results and then it should fly. 70p short term is not unrealistic. £1 by Christmas is definitely a possibility, but we might get a takeover offer before then.
IMO
The institutions selling down their holding are doing so as they've already made their profit targets as they bought in at a great time with low SP. They have investment parameters that they stick too, so obvious rebalancing. New institutions and retail investors will take new positions at the higher SP and the cycle will continue due to gold being a defensive stock and HUM are hitting desirable KPI's.
The Co is generating a lot of cash and is net debt free.
Management IMO has learned from past mistakes and is setting itself up for a bright future.
I know what you're saying and thankfully it's a small percentage of my portfolio, but it just frustrates me with the scale and scope, the wasted opportunities and money over the years are mind boggling, but hey ho, I've picked as many big losers as I have winners.
I've been with British gas as a shareholder and customer for years. Today I have left as a customer and soon I hope to leave as a shareholder. Significantly poorer on both fronts. When trying to change names on prepayment accounts, I'm sent final demands as apparently I owe money, despite the meters all being in credit. And it is all estimated, yet they can get their debt agency onto me...figure that one out. Spirit Energy is a mess and the nuclear arm is going to cost the company milliobs/billions in the near future IMO. Hive is not contributing anything significant to the books, but I do like Hive. Possibly my worst ever investment. And to think when I made my decision it was between this and the national grid. I could not have been more wrong.
I'm trying to work out the sales drop. OK it fell off a cliff in the initial stages of corona, but being largely ditigally based now, and people saying sales have recovered, why are they still something like 25% down on pre corona levels? Something just doesn't feel right.
The old saying of "if something seems too good to be true, it normally is" springs to mind.
I would really like to see sales exceeding december 2019 volumes. But wdik
IMO
The Chinese will be looking to buy us out. There has been a massive wave of Chinese buying gold producers around the world.
But.... Do the various members of the Betts family control enough stock to stop it going though as the offer price would not be much above 40p IMO and I doubt the Betts would want to sell a family legacy
I was talking about Home Essentials only. The newly launched, standalone site. Check it for yourself. Not many ratings, but all bad.
Yes the clothes brands have great consistent ratings, and I am not questioning them. But the company made a bit of a fuss about homeware sales increase offsetting clothing sales decreases. They also state that great customer service is one of their 5 core strategic values. I would hope this is carried over to the homeware division as they have clearly provided great customer service to their clothing customers.