Member Info for the_shareminator

Great find jyee7! Worth posting the details here for anyone on their phones (links don't open for me). January 18, 2017 11:59 pm JST New e-commerce wave washes over Malaysia Country seen as prime spot to tap regional demand for online payments CK TAN, Nikkei staff writer Malaysia’s e-commerce market is expected to grow 34% in 2017. KUALA LUMPUR -- Malaysia is seeing a jump in demand for the payment services that make e-commerce possible, driven by the spread of smartphones. For foreign investors eyeing regional opportunities in the sector, the country's midsize population and relatively developed infrastructure make it an attractive jumping-off point. The Malaysian e-commerce market is expected to grow 34% on the year to $3.8 billion in 2017, according to a recent report by BMI Research. That projection bodes well for e-payment service providers like iPay88, which controls 70% of the domestic market. The company, acquired by Japan's NTT Data in 2015, handled 38.2 million transactions worth a total of 3 billion ringgit ($676 million) last year. Those figures were up from 14.6 million trades worth 1.5 billion ringgit in 2015. "The numbers will definitely double this year, if not triple," Chan Kok Long, iPay88's executive director, said during a recent press briefing. Chan's bullish outlook is based on the increase in sales volume through the company's payment gateway in recent years. Established in 2006, iPay88 provides business-to-business payment services and partners with over 40 financial institutions in nine countries across the region, with access to more than 10,000 merchants. Chan said the rise of budget carrier AirAsia exposed Malaysians to a "first wave" of e-commerce in the mid-2000. The second wave came in 2013, with the entry of shopping portals such as Groupon, Lazada and Zalora. That year, iPay88's sales volume jumped nearly fourfold on the year, to 480 million ringgit. With the emergence of ride-hailing apps, the growth momentum continued through 2016. Mobile phones, meanwhile, continue to penetrate deeper into the Malaysian market. There were 141 handsets for every 100 inhabitants as of last June, according to government data. BMI Research forecasts the number of subscribers to third- and fourth-generation mobile services to hit 28.7 million in 2020. Malaysia's population of about 32 million makes it an "ideal" location for tech companies to test new applications, according to Chan.

Update on Order Intake Update on Banking Facilities and Loan Notes Senior Executive Hire Hayward Tyler Group plc ("HTG", the "Company" or "Group"), the specialist engineering Group, comprising the operating companies of Hayward Tyler and Peter Brotherhood, today announces an update on order intake growth, an update on the Group's banking facilities and loan notes programme and a senior non board appointment. Good Momentum on Order Intake Hayward Tyler is pleased to announce that order intake has continued to grow. At the end of December 2016, the increase in order intake contributed to an increase in the order book to £54.6m, a 14% increase from £48.0m at the end of September 2016. As previously highlighted the additional orders have come from both the Hayward Tyler and Peter Brotherhood operating businesses across the power generation, oil and gas and nuclear sectors. Update on Loan Notes Programme and Banking Facilities On 14 November 2016 the Group announced that it had reached agreement with its main bank, Royal Bank of Scotland (the "Bank") to amend and restate the Company's multicurrency committed borrowing facilities agreement (the "Revised Agreement"). The amendments included a new repayment schedule including the repayment of £0.6m on 31 December 2016, £3.0m on 31 January 2017 and £0.3m on 31 March 2017. The Group also announced its intention to increase its secured loan note programme (the "Loan Note Programme"), initially by £3.0m, in order to maintain a more appropriate maturity profile on the Company's borrowings and repay £3.0m of short-term borrowings due under the Agreement by 31 January 2017. On 21 December 2016 the Group announced that it had raised £2.1m (of the �3.0m required to be repaid to the Bank by 31 January 2017) following the closing of the 3rd issue of loan notes pursuant to its Loan Note Programme and its intention to conduct a further loan note issue in January 2017. The facility has subsequently been reduced by £0.6m in accordance with the Revised Agreement. The Group is pleased to announce that it has received expressions of interest in a subsequent Loan Note issue from a number of sophisticated and high net worth investors amounting to over £0.4m. The expressions of interest relate to a 1 year short term note paying an interest rate coupon of 6.75% (the "New Loan Note"). The Group continues to have a supporting relationship with the Bank, which has now agreed to extend the repayment date of the £3.0m short term borrowings under the Group's Revolving Credit Facility due for repayment by 31 January 2017. Further updates regarding the completion of the New Loan Note issue and the repayment of the £3.0m short term borrowings will be made in due course. Senior Appointment The Group is also pleased to announce that it has made th

If you compare both stocks right now they have an almost identical market cap of £56.5m The charts in the past 3 months follow similar trends, mostly in relation to gold price movements however after SHG upset markets following their last update the market value dipped. To me they both look decent value given current troubles with the US policies and USD weakness. Also both companies are ramping up production over the next couple of years. Whatever your choice it will be interesting to see how they perform against one another as alternate investments Gla

If you compare both stocks right now they have an almost identical market cap of £56.5m The charts in the past 3 months follow similar trends, mostly in relation to gold price movements however after SHG upset markets following their last update the market value dipped. To me they both look decent value given current troubles with the US policies and USD weakness. Also both companies are ramping up production over the next couple of years. Whatever your choice it will be interesting to see how they perform against one another as alternate investments Gla

Great update! Agree with Wuffle, much better than expected, it seems complete deferral of HY tax in relation to Project Echo expenditure. Had an inkling production could rise given snippets highlighted in the last quarter update but well done SLP for following through and delivering! Looks good long term.

Either way Greece’s economic future looks grim. In a devastating assessment that may well dominate the course of events, the IMF warned that even if reforms are religiously implemented — and agreed short–term debt relief imposed — Athens’ debt load is doomed to become “explosive.” “Greece cannot grow out of its debt problem,” the Washington-based body wrote in a confidential report leaked to the media last week. “Greece requires substantial debt relief from its European partners to restore debt sustainability.” The report, compiled by the IMF staff as part of ongoing discussion over whether the fund should participate in the country’s latest international bailout, is expected to ignite further debate when it is formally presented to the body’s executive board on 6 February. Short of debt re-profiling by EU member states, the board may decide the IMF cannot join the latest rescue progamme agreed with eurozone partners in 2015. If that happens, the European Central Bank would be unable to include Greek bonds in its bond buying programme, also seen as key to the country’s economic recovery as it would allow it to test its borrowing skills on international markets. The prospect of fresh austerity — not least a reduction in the tax-free threshold and further pension cuts — comes at a time of worsening social conditions for many Greeks. For the first time since the debt crisis erupted, 53% of those asked in a recent Alco poll said they believed the euro was “wrong” for their country, with a third calling for the return of the drachma. “The risks are quite considerable,” said George Pagoulatos professor of European politics and economy at the Athens University of economics and business. “If there is no agreement by the end of February, Europe’s electoral calendar will kick in and freeze talks until May, by which time it will be too late.”

Greece’s embattled government has three weeks to break the deadlock in increasingly difficult talks with creditors or risk the country’s debt crisis resurfacing with renewed vigour. Faced with the dilemma of agreeing to additional austerity or calling fresh elections, prime minister Alexis Tsipras was weighing his options at the weekend. Fears of further uncertainty in Europe’s weakest member state mounted as the International Monetary Fund (IMF) predicted that Greece’s debt load could become “explosive” by 2030. “It is critical that a compromise is found,” said Aristides Hatzis, professor of law and economics at the university of Athens, noting that a slew of elections across Europe would only make Greece’s predicament worse. “If these negotiations are not wrapped up by 20 February [when eurozone finance ministers next meet] we could be looking at potentially disastrous political turmoil which would bring back the scenario of Grexit with a vengeance.” Central to the impasse is the enduring argument among lenders over Athens’ ability to achieve fiscal targets once its latest bailout programme expires in 2018. Without legislation of further pension cuts and tax increases, the IMF does not believe it can attain a primary budget surplus of 3.5%. At a Euro Group meeting of euro area finance ministers on Thursday, Athens found itself out in the cold with even the normally supportive European Commission failing to rally to its defence. Tsipras’ two-party coalition marked two years in office last week with the leftist leader declaring he was not prepared to take an “extra euro” in measures beyond those the country has committed to under its current €86bn bailout. Passage of some of the harshest cuts yet has seen the government’s popularity nosedive in polls. To ask for more measures when by dint of retrenchment Greece’s state revenues were better than expected was not only “extreme” but “absurd,” Tsipras’ office said. The spat has delayed a second compliance review of reforms and economic progress that the government had hoped to complete by December. Conclusion of the review is vital to unlocking further loans from the bailout, the third since Athens revealed the extent of its financial woes in late 2009. With €10.5bn in debt repayments lined up this summer, a rerun of the debt crisis looms if disbursements aren’t made.

One month in and already achieving targets mentioned on the 4th January. "Given the improved trading periods since then plus the favourable exchange rate we should be sitting at 3p minimum with a 5-6p target by mid summer" Expect further tussling around this level until late spring. Sit and wait.

Wuffle - I agree with your 7th Jan response. Todays news is a good sign of confidence and an ii increasing their shareholding suggests the legal claim will come to nothing. Gold has found a higher platform, nickel lagging but nothing too worrying. SLP and PGM metals in general have proven the stronger play short term and I'm looking to play LMI for exposure to rising PGMs in the next month or two and fingers crossed come back to SLP mid 8s.. Best of luck here. If nickel turns higher I would be tempted.

Rivaldo - that is an impressive move by management after an excellent trading update. Clearly they feel shares are too cheap at 1.95 and this will improve earnings figures. I just wonder if they have plans for the remaining $120m cash pile to be spent on strategic acquisitions. Internal growth of 10% y-o-y Ebitda was a surprise. Hopefully back to 250 soon Purchase of own shares SafeCharge (AIM: SCH), a leader in advanced payment technologies, announces that on 23 January 2017, it purchased for treasury 2,200,000 ordinary shares of US$0.0001 in the Company at price of 195 pence per share.

Looks promising for current quarter results due April. Would like to hear more about current planned expenditure on project echo and when this is likely to impact cash flow before buying back. Could well be a squeeze to new 52 week highs this week but almost certainly will fall below current share price in the weeks following as people take profits / sit out the quiet period.

I'm also selling down in anticipation of poorer results and the tax bill. Our cash position will probably remain as it was last quarter and hopefully the next 3 month wait will encourage traders to take this back down into the 8s before the next decent build up in cash. Project Echo costs may be included this quarter as almost certainly next as May commissioning draws closer. The basket price is nicely up this month so April time looking good.

Profit taking. Must admit those results came earlier than I expected, missed the swing but might be worth doubling up and being patient

Can we get there

Up from recent low to 70p today. Have been loading up :) Watch this bounce in the coming 24 months. Next set of results may not been pretty, analysts have been suggesting the company has a lot of catching up to do in H2 to meet forecasts and with increased overheads that may impact headline profit figures. But there's no doubt about it, this company have been around a long long time and are just beginning a new phase of expansion. This will only draw in new institutional demand as contracts pick up.

MM's just filled a limit sell at 9p Sudden move higher

NAIM - please read my lengthy answer in reply to gotabesirius's lengthy post properly before coming to the wrong conclusion. Neither of us has said ASA is a bad investment, on the contrary...

Hello, I agree ASA has huge growth potential and if you read my most recent post you'll see I also like the exposure to nickle and gold. But I stand by my statement. Compared to SLP this looked expensive. You can turn it around and say SLP looked too cheap by comparison. I'm not saying ASA looks too expensive based on it's potential to transform itself in 12-24 months time. That remains to be seen and management have all the ingredients to make it happen. But purely on a specific peer earnings comparative exercise today, SLP look the safer play by market valuation. And I have looked into the quarterly results just for clarity sake. Did the same thing with OMI when I was weighing up the investment case. I like them all. Freda is averaging around 65koz per annum so it will be a while yet before they reach their targets. I believe their C3 costs are AISC and came in at $1,133/oz during the interim period but they are targeting lower AISC through a gradual increase to production. Copper JV is something for the future. The market is awash with potential projects like this so unlikely to attach much value unless a major gets involved like with SOLG. Diamonds is a small add on, they made $0.6m gross from this in the interim period. I agree the majority holding in ZK has the potential to transform the company, in time...Like you stated it will be small scale to begin with. It remains to be seen how earnings will be affected. You're right SLP doesn't currently have any other active projects besides the SDO operations. Would not discount the possible sale of Grasvally but it's not priced into the market value. What makes SLP cheap is it's current earnings which is unlikely to be volatile given the low cash cost, high margin achievements. The PGM outlook in the next 5-10 years seems strong. Cash is around 35% of the market cap and come summer of this year will be around 45-50%. ASA generated cash from operations of $3.1m over 6 months with gold averaging $1310. SLP probably generating $7-8 million at current prices. This is why I'm confident SLP will prove a stronger investment in the short term. It will be a while before ASA hit target production at Freda, given managements statement that the milling problems will finally be addressed "in the next few quarters" and "there is a new mill plan to gradually reach these targets (80koz - 100koz). Bondholders have delayed repayment of the principal Bond debt but BNC will continue to make interest payments as normal. Note the $20m Bond was based on much higher nickel prices so this moratorium gives BNC time to complete the smelter project and, hopefully, for nickel prices to increase further. There is to be a further $5m capex commitment according to the interims which need to be financed. As Wuffle pointed out both stocks present a nice platform for which to trade :)

Nickel Investor - You don't have to take my word for it but I was there when the flock swooped in on SLP and it finally took off from mid 6s up to high 9s. There wasn't a correlation to be drawn with PGM prices. It was all about fluctuating volumes. The twitter following you may think have little effect on what was then an £18 million cap company however that is wrong. Judging by the size of the trades and the amount during the period we are talking about £5-10k pots and imagine how many of the twittering class may have descended. 20-30 would add substantial demand and elevate the share price. My guess is here the lead instigators took a shine to the rising Nickel price and what is happening in the Philippines. I can't for the life of me remember the name of the bloke who has such a following but there is an electronic trail on twitter of all those who were posting about SLP and switching tack to ASA. I believe the reverse is happening now or is about to given PGM's are performing stronger than any other commodity in 2017. mejulie - SLP's operations this time last year were pretty awful but they improved output from 13koz to 17koz, margins increased thanks to lower opex and higher pgm basket price and cash on the balance sheet rose by about $5-6 million. This year even with Project Echo expenditure they should be able to beat those figures comfortably and net a rather large cash sum derisking the current market price. SLP is my safe play on PGM prices and ASA is a good bet on nickel and gold. But both are open to abuse when the hordes descend. GLA

Most gold producers are up 5-10% today, the majors a little less and all on limited gold / silver price appreciation. It looks like it's a reaction to the USD becoming stuck and a possible trend reversal, be it a short lived one judging by how fickle markets can be. I read the SGW UG development was expected to commence production by the end of November 2016, might be tighter margins than last quarter as a result according to the company. Update due in two weeks time. Despite gold having a rough quarter OMI should still have done well and like you mentioned, lack of liquidity will be a positive variable as gold continue to rebound. The capex did account for some, looking into the accounts, cash generated from operations was US$4.8M and the company invested US$1.9 million in capital expenditures and US$0.6 million in exploration expenditures. Cash net of debt rose by US$0.7 million totalling $3.2 million accounted for. This leaves $1.6 million unaccounted for. However net cash generated from operating activities as listed in the cashflow statement was $3.2 million contrary to the headline "Cash generated from operations of US$4.8M". Depreciation which is non-cash but tax deductible is listed as $1.79 million and accounts for the majority of this figure. Makes me wonder why the company included this in the headline of "cash generated from operations..." Anyway both SLP and OMI due to pay some tax this month, bah humbug!