Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
It says 11 Dec on here, but the rns of 30 Oct says 13 Dec. I imagine they'll have to follow their own declaration, unless I've missed something in a later rns...
On another note, I wish I had plumped for KAZ last week: one cracking rns this am wiping out their net debt. Think it's gonna fly off without me.
Sorry for the late comment, had a busy w/e. I've been watching SMDR for some time, but still haven't been inspired to part with my cash. I think it's a combination of the debt, the lack of post-tax profitability with over 10kboepd and a lack of clarity on my part about just how much and how quickly production can be increased. Having said that, if you're thinking of getting in, we're probably at a fairly good price now. Not sure how the market will react to today's rns.
"Like a light bulb" (I'm the annoying kid at the back)
It's given good news almost weekly. Surely the profit-takers are mostly gone. I think we may see a small slide, or perhaps just widening of the spread up until an update on figures, when the market will make a decision one way or another. Personally, I think it'll fly.
Wow, mkt cap significantly lower than net assets (although the nature of their work requires a certain adjustment for risk) and good divis. I'm very tempted. I'm like a kid in a sweet shop with only £1 to spend...there are a lot of good opportunities out there atm and I want to buy everything but I can't.
Lol, when I posted this morning it had been a few days since I last checked on rsa, I thought it was still around 109. I need more sleep. Looks a good decision to me! Nice to see esur starting to rise again too.
Cheers for letting me know. It looks a good entry point. I really like gbo. For a start it's already profitable, then it's growth is good I can see where the additional profit will come from. I think the upcoming rns may send it to 70. I'd be in today, but I have a transfer due into my isa which would make the acquisition more efficient (only investing relatively small amounts fees still have a material impact). I could transfer the money sooner, but it's too late to cancel the transfer now, so I'm going to wait and see if anything I'm watching is good value next week. I've also looked at RSA, but would want an entry around 102 with their current problems.
To be fair, nearly my entire watch list is red today, so the dip's mostly the market. I hope it picks up again quickly for you all, but if it doesn't I may come back for more at some point. Waiting for the market to calm down before deciding where to go next. COMS and GBO are on my radar, but there's always a part of me wanting to catch the mining knife: I should know better! gla
To talk about this share for a change, I decided to take my profit this morning at a peak of 256-7. I was torn as to whether to do it, cos I still think the fair value is over 280p, but I've had a small divi and cap growth of around 7%, and after watching it slide from here a couple of months back I decided I'd crystallise the gains. Perhaps Stucki's cautionary charting tipped the balance, or it might just be that I'm watching a few other shares at the moment and I'd like to have the funds at the opportune time. I'll keep watching this bb tho.
Maybe he was a really strange group hallucination.
Mine was the only trade of the day. I thought I'd top up. I know it's not going anywhere far in the next month, but it's a good entry point still for when the results come. M
neither can I...it makes me look like I've been talking to myself! Do you think he's been banned for a while or something? Shout if you can hear us Stucki!
To be honest the only reason I don't use charts is because I don't know where to find them and I've never researched how to use them. I always promised myself I wouldn't be a day trader and felt confident with the accounts/commercial side, so didn't think I'd need them, but a couple of years in I can see it would've been helpful a couple of times. Any tips?
Hmm...I admit it looks quite promising. I knew very little about the company or it's services, but from an initial read through of recent RNS and associated websites it appears that the historical charts and fundamentals are largely irrelevant to their current business (similar to SNTY in that respect). It's clear that their revenue is going to be phenomenally higher than in previous years, and the margins are improving too. I find it very difficult to piece together what there operating profits are likely to be, but the fact it's likely to be profits with a share with just £31m market cap is a very good thing. I'm unclear on the funding for the recent takeover, as the equity announcement barely seems to scratch the surface. Have they borrowed extensively to fund that, and what interest will they be paying? I'd want to understand that better, as I hate that race for survival for a growing company when you're not sure whether profits will rise fast enough to cover interest to keep it afloat. Then you end up with rights issues and all manner of equity dilution that murders the short term prospects for the share (I've witnessed a similar thing in WAS recently, which I was keeping an eye on but thought better of, thankfully!). Director buys above the current sp are always a good thing, but don't necessarily mean anything. Often the directors have the most rose-tinted view of the company and completely misjudge market sentiment. Never-the-less, in a company with so little historical information to depend on, the people who know the actual here-and-now figures are the best people to spot the value. Overall, the risk lover in me says I'd be investing in COMS over MONY. I'll watch with interest, and seriously consider it if any of my other shares come good in time for me to buy in at a reasonable price. Let me know if and when you decide to jump in.
Hi Stucki, I've had a look over MONY. I always like it when I get the chance to invest in a share where I actually rate the service/product of the company, which is an immediate plus for MONY. The most important question I always ask myself is; if sentiment changes and I get stuck with a paper loss, am I going to be comfortable holding the shares at the price I bought them (that very same question was a strong yes for ESUR at 236p). For MONY, it's a proactive dividend payer, which helps, and it's clearly doing well. The only doubt is how much that's been priced in already. If profits after tax rise to around £50m in 2013, that's still only earnings of around 5% of market cap, so the question is how much can it continue to grow in what is a competitive environment, and how much of the growth seen is due to exceptional short term pressures in the energy market. It's proactive approach means that it's dividend cover is poor should things slow down suddenly. Overall, I think it's relatively fairly priced at circa 180, and I always prefer under-priced where I can get it. I'm not one for charts or trends, but sentiment appears to be favourable with it, so you may be right about a short term rise to 200, but I'm not sure how sustainable that price would be. I'd recommend taking the 10% gain if and when you get it! For me, it's one that I'll add to my watch list, mainly because as usual I've committed all my funds, but I think I'd probably just keep watching this one even if I did have the funds in the hope (rather than expectation) of getting a better value entry point. GL with it if you do go for it, it's far better than some of the options out there at the moment! I'll have a shufty over COMS now.
A cautionary word to anyone new to this board, jcn will only say what he wants you to think. I note the 3p predictions before the disappointing rns are now a thing of the past. Strange how those three confirmed deals he was on about later on weren't mentioned in the rns either! - Personally, I've still got a small holding after selling most at 9.85p. I was looking to buy in again but am waiting for now for some good news to arrive, because it may not, and rises are dependent on it imo.
Not looked closely at essr before. With 8bn debt I'd want to research it more, cos I've been burned before by indebted companies when things go wrong. I can see the potential tho. May be a falling knife atm.
Having been in rpo for a while I'd caution that it's nothing if not unpredictable. Also, whereas previously they started drilling and flooding too soon, this time they've got in a partner company with experience and are surveying properly. The downside is that production won't increase this year, but will probably slow. I don't think the sp will hit 50p until production is increased, and I don't think that will be until mid 2014 (when, incidentally, monetization of their gas resources is also expected).
As you ask, my best tips atm are quite different to each other. The first is SNTY. It's already had some gains, but is in a metaphorical land grab. Its product gets both one-off fees and ongoing telecoms charges, but there's little competition at the moment. It's worth a read of the rns's, because I think sales growth will rise exponentially from here. Target price 240 short term, £4+ long. My other tip is a small gold mine, literally. AAZ. I'm really not a Goldie and generally steer clear, so I've done my research carefully here. It's got a gpr of over 100% and p/e of around 2 at current gold prices. The sp appears to have been dragged down by a single distressed seller. It's cash rich with a very affordable level of debt. Divis have been mooted, but at the current sp I think a buy-back more likely. My only other play worth mentioning is rpo, who own the largest oil reserves in Siberia and are working hard at getting at it. Recent tax breaks make it much more appealing. However, no news is due until the New Year, so it may slide a bit more in the short term. Med-long tho it's massively undervalued imho. Obviously I'm in all of these and have a vested interest in others buying, so dyor, but I've not tipped the shares I wish I wasn't in.