The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
On the London Stock exchange, Polymetal International was the best blue chip performer, up 1.5% after the gold miner said its board approved a special dividend of USD0.20 per share.
"Significant free cash flow generated by Polymetal in 2019 underpins the payment of a special dividend, while ensuring that our leverage ratio remains at our target 1.5 times Net Debt/EBITDA level. This decision supports our commitment to deliver meaningful and sustainable cash returns to our shareholders," said Chief Executive Officer Vitaly Nesis.
On the London Stock exchange, Polymetal International was the best blue chip performer, up 1.5% after the gold miner said its board approved a special dividend of USD0.20 per share.
"Significant free cash flow generated by Polymetal in 2019 underpins the payment of a special dividend, while ensuring that our leverage ratio remains at our target 1.5 times Net Debt/EBITDA level. This decision supports our commitment to deliver meaningful and sustainable cash returns to our shareholders," said Chief Executive Officer Vitaly Nesis.
Polymetal: Board approves special dividend of US$ 0.20 per share
EX DIV DATE: 13 February 2020
RECORD DATE: 14 February 2020
LAST DATE FOR CURRENCY ELECTION: 17 February 2020
PAYMENT DATE: 05 March 2020
gold and silver ????
Berenberg upgraded Polymetal International to 'buy' from 'hold' on Friday and lifted the price target to 1,480p from 1,140p following a rally in gold prices.
The bank noted that since initiating coverage of the stock in July, it has been hold-rated on valuation, despite being "very positive" on the medium-term outlook for the stock. Since then, it has watched as the gold price has drifted higher, taking Polymetal with it.
"In line with our gold price update, a net asset value roll forward and taking into account deleveraging over the course of 2019, and, on a blended valuation of 1.2x NAV and 9x FY 2020E EBITDA (up from 8x to reflect multiple expansion as a result of higher gold prices), we arrive at a GBp1,480 price target, which, with 20% upside in addition to a 4% dividend yield (not taking into account special dividend upside which looks increasingly likely), supports our upgrade to a buy rating."
Berenberg said one of the main reasons it likes Polymetal is the attractive production growth the company has, as well as cost downside.
"With a strong project portfolio, some of which is not included in our base case (eg Prognoz), we think there is potential to maintain a 1.8moz production run rate well into the 2020," it said.
https://www.mining.com/web/gold-makes-headway-above-1500-on-path-to-best-year-since-2010/
https://www.mining.com/web/gold-makes-headway-above-1500-on-path-to-best-year-since-2010/
Tomorrow is the last day of trading in December Au Ag contracts. Since today's trade has expired without any obvious attacks on the valuation of Ag Au, maybe except for one attempt (Ag price from the daily peak was reduced by ca. 0.85%). However, trade closed in the black. So probably tomorrow PM will not suffer either. On December 24, Open Interest on comex closed at a high level of 749332 contracts. I wonder when we see the bloody Short Squeeze. My forecast at the end of the year for Au is $ 1530.
HSBC RAISES WIZZ AIR PRICE TARGET TO 3500 (3250) PENCE - 'HOLD'
if it's so good, why is it so bad -3% ???????
After the August shocks during gas production by fracturing, the London government banned its use.
The ban was introduced in connection with the publication of the Oil and Gas Authority (OGA), which showed that it was impossible to eliminate "unacceptable" effects on the population living in the vicinity of ongoing mining operations - informs Bloomberg.
The report was the result of a 2.9 magnitude shock that occurred on August 26, 2019 near Blackpool, in connection with mining operations in Preston New Road nearby by the only drilling rig in the UK using the fracturing method.
The shock contributed to the outbreak of numerous protests by environmental activists and the local community, which demanded that the ban on using the controversial method be restored. Earlier, the ban was introduced in 2011. It was canceled only in 2018. Boris Johnson's government planned to expand gas production by fracturing on a larger scale to reduce Britain's dependence on gas imports.
Natural gas is extracted on a massive scale basis, mainly in the USA. The so-called. the shale revolution allowed the US to become a major exporter of this raw material in liquefied form.
Fracturing involves the introduction of a mixture of water, sand and chemical additives under high pressure into a well to expand and maintain rock fractures and release trapped gas. The use of this method raises numerous controversies related to the risk of used chemicals entering groundwater and possible shocks. OGA said in a published report that it is impossible to avoid shocks or predict their magnitude. In addition, the fracturing method requires the use of very large amounts of water.
Donald J. Trump
2 hrs ·
The deal I just made with China is, by far, the greatest and biggest deal ever made for our Great Patriot Farmers in the history of our Country. In fact, there is a question as to whether or not this much product can be produced? Our farmers will figure it out. Thank you China! Other aspects of the deal are also great - technology, financial services, 16-20 Billion in Boeing Planes etc., but WOW, the Farmers really hit pay dirt! Chuck Grassley, Joni Ernst, Deb Fisher, and Ben Sasse - Thank you to all Republicans in Congress for your invaluable help!