Some breaking political news tonight about the old, bitter corrupt Zuma. I would actually favour the opposition Democratic Alliance in office who seem more pro-business, competent and centrist but ANC will still win quite comfortably. John Steenhuisen looks a bit like Cobus IMO.
Agree with the downbeat sentiment of the FTSE but the SA JSE market is hardly better, worse in fact so at least this should match that!
A new government next year in the UK will I believe bring a change in sentiment and 'hope' whilst washing away bad memories of the Tories terrible, overlong and chaotic tenure since 2010. Not saying Labour will work miracles but for the outside world a change is good and kicking out the divisive party that arranged Brexit etc. may be a good for the UK markets and attracting outside investment. 'New Labour' under Blair etc. is the model Starmer is now following.
In terms of success stories you dont need to look too far. SA based mining company. We actually sold Phoenix to Sylvania Platinum.
SLP rose from 30p to 140p in 2021-22.
Was similarly priced at a ludicrously low P/E, not sure it ever got as low as 3 though.
FWIW I forecast EPS here for the year ending June 2024 assuming a relatively stable gold price from here at around 4.5p; that is also post tax.
Strength in numbers
https://www.kurdistan24.net/en/story/33457-Eighth-oil-company-joins-Kurdistan-Region-int%E2%80%99l-petroleum-assn
My point is this - for everyone invested here.
SA closing price 395 ZAR
FX currently GBP:ZAR 23.17
= 17.05p
So anyone care to tell me why this closed at 16.28p?
Almost a FIVE PERCENT difference. Not the first time either. Blatant manipulation and rogue practice.
WTF FCA?
Yes Gavster good news but with the SA market closed today and a stronger rand this should be trading at 17p not 16p. The sharp intra day drop today is pure manipulation. Nothing to warrant it at all.
LSE seems to have sellers including some on this board who have admitted they have been selling despite shares trading on a forward P/E of 3. Baffling.
Https://uk.finance.yahoo.com/news/palladium-surges-12-uk-sanctions-170805942.html
just wondering if you had access to 'privileged' information putup? you seemed very confident and ****y in your predictions and rebuttals. as always.
we are highly suspicious of the 2 shorting hedge funds here also. not hard for them to have an inside agent and man on the ground in kurdistan.