Member Info for ragnarlothbrok

This time its the NED buying around £150k in shares which is a very respectable amount.

David Turner is CFO of Region's Financial Corp, an $8bn market cap US banking group.

Prices taking off

https://www.naturalgasintel.com/data/data_products/daily

The UG2 chrome ore market continued to rise in the week to Friday April 17 on participants’ expectations of the continuation of supply disruption and logistics problems amid South Africa’s lockdown.

Fastmarkets’ South Africa UG2 concentrates index, basis 42%, cif China was $140 per tonne on Friday, up by $6 or 4.5% from $134 per tonne in the previous week. There were deals reported for small tonnages at $135 and $142 per tonne, while an offer of $150 per tonne was also heard in the market.

“[South African producers] were still holding back from offering as they expect further price movement in the coming weeks, and given the current scenario, Chinese buyers will have to take whatever prices they are going to offer,” a trader said.

Topped up at 29.40

http://www.asianmetal.com/FerrochromePrice/Ferrochrome.html

The market is a place, not a thing

Saying all the right things, limiting costs while preparing for the recovery. keeping the workforce mobilised. A very strong Q1 despite the headwinds.

Things may never be the same but there will probably be a little less competition when things restart .Its a long way back up to the £1+ level we saw not that long ago, the price at which funds were raised at in September last year. And its a long way for me to break even!

A 50% rise to 45p from here would barely even dent the chart.

Natural gas has been one winner from the recent oil crash. US shale producers curtailing production at best or going out of business at worst means less gas supply in a more resilient demand environment.

The gas price is currently $2 , 25% higher this month though still well below DGOCs hedged selling price. 90% of 2020 production is locked in at $2.70 and 60% of 2021 at $2.66 .

So DGOC doesn't really benefit from higher gas prices in the short term. But what it does allow is for the protection of the dividend further into the future. With the current forward curve DGOC should be able increase its proportion of 2021 and 2022 price which is locked in at $2.70. With 1-2 acquisitions per year like the recent one they could potentially offset the natural well decline to even continue to grow the dividend.

This means that DGOC is an investment grade company paying a low risk 10%+ dividend for the next 3 years. Not many of those about now. The next quarterly dividend goes ex at the end of May.

https://bluegoldresearch.com/natgas-forward-curve

Market likes it...

...dont know if anyone noticed that intraday drop yesterday. Around 24 hours ago we were at 73p, now up nearly 20% from that low. Not sure if there was a big sell driving that down but it was in freefall for a couple of hours. And the price is now back to where it was on Tuesday

Today is about positioning for the recovery and this company is in the go-to-sector for the post-Covid world

There are a bunch of shares all up 5-10%+. Even WPP is up 5%

This is a pretty good share for me... I'm only 10% down

A rise like that just for saying operations have restarted? Good luck to them.

Q3 is due by the end of the month, I wouldn't be surprised if they save their money and wait until then to make any announcement.

Should be a good release by-the-by. Its usually the worst for production but prices were at their peak, 40% higher than Q2, and we could see a huge price adjustment.

So not sure what reaction will be. More like the IC follow up will be more relevant for price action.

Looks like the Chinese car market is taking off, reflecting the perception that cars are a way to avoid public transport and maintain social distancing. Remember that the new China NOx emissions standards have been driving the rhodium boom...

https://uk.reuters.com/article/uk-health-coronavirus-china-autos/china-car-sales-post-first-weekly-rise-since-virus-outbreak-industry-idUKKCN21X1I0

Those A4 holes are pretty tasty... and now a 700m strike...good to see SFR attacking the A4 prospect with some urgency

And should go straight into FTSE250 at next rebalancing

https://www.investegate.co.uk/diversified-gas---38-oil--dgoc-/rns/premium-listing-and-cancellation-of-trading-on-aim/202004170700059579J/

Still a lot to offer even at a basket which is 23% off its peak in USD and only 12% off its peak in ZAR terms.

At current prices still looking at over $70m in EBITDA for this year. I'm expecting around $25m EBITDA from Q3 and $14m for Q4 (factoring in a 4-week production closure). This compares to $37m banked for H1. Sub 2x EV/EBITDA with low capex and without considering surplus cash on the balance sheet.

There could be some downside, Eskom, more production cuts etc, but there is a lot of risk attached to that valuation.

Solid result, its refreshing to see businesses getting on with it in the face of adversity.

The current valuation is pretty comparable to other mining services companies. Perenti and Macmahon, Australian mining services providers which are bigger, more geographically diversified than CAPD, both trade on sub 3x EV/EBITDA multiples. Its normal for the industry right now. While we look to be entering a gold bull market, funding is going to be severely restricted for juniors, which will limit growth from new projects.

Do you have a link for that?

What I do know is that with the artificial spread you can't always rely on the colour of the trade to tell you if its a buy or sell. Right now the spread is 36.9/38 though I can sell £10k at 37.62. So many sells may show as buys according to the offcial spread.

And given the constant issues with this site this makes the reliability of trade data even more questionable.

And there are orders in the background which we can't see which can have more of an influence on the price than the trades that have already happened.

Stoodio do you know any sites where you can obtain trade data for the day?

SLP website has been updated for holding info at 31 March.

https://www.sylvaniaplatinum.com/investors-and-media/shareholder-information

No surprise that funds have been reducing their holdings. Majedie completely exited in Q1. M&G and Fidelity have also trimming holdings. Marlborough and JPM, though not on the list, have reduced. River and Mercantile Micro Cap now have a small holding, which is the only fund increase or new holding since December.

Where have all the shares gone?

The slack has been taken by PIs. AJ Bell, Interactive Investors, Hargreaves Lansdowne and Barclays Wealth all showing either new holdings or increases since December on behalf of clients. I suspect the random Swiss regional bank is also holding on behalf of some clients.

What I also suspect is some action from more nimble hedge funds. But that's just a guess

Hi Stoodio, I don't pay much attention to trades day to day. As PIs theres just too much we don't know about, like MM manipulation and naked shorts.