Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If you are talking about the FTSE as a whole then yes it is trading at a very low multiple compared to the S&P for example which is at a 20x P/E.
FTSE is sub 10 and shares like this mid single digit only.
However, when a share is listed on more than one exchange then the prices should match! Give or take 0.1 or 0.2%, not 5%!
I would have to disagree. We have a diverse portfolio of 100+ stocks including African based companies such as Gemfields and that is trading at a premium to JSE actually while others match the overseas price.
Your Seplat example is an extreme one and is mostly due to the huge depreciation of the Nigerian Naira which seems to depreciate by 50% every few weeks!
Https://www.reuters.com/business/autos-transportation/toyota-outshine-rivals-more-consumers-opt-hybrids-amid-ev-slowdown-2024-02-02/
https://finance.yahoo.com/news/toyota-crushing-hybrid-vehicles-tesla-001535309.html
Massive re rating coming in several sectors that have been written off due to EVs. Premature. EV hype overdone.
Positive for SLP also and demand for PGMs.
This has got absolutely nothing to do with the gold price.
Or FX. Or liquidity.
Posters on this board have admitted trading and manipulating the SP day to day.
It's been going on for years now.
FCA teams are not acting on the data and information. Everything has been recorded, forms have been submitted, PAFs own brokers are allegedly 'on to it' yet the same pattern and gross underperformance day after day.