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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aldermore | LSE:ALD | London | Ordinary Share | GB00BQQMCJ47 | ORD GBP0.10 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 312.40 | 312.40 | 312.60 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
18/9/2011 22:20 | even with last weeks rise we are incredibly undervalued, i guess patience will pay off in the end... Sprott Good to see how bullish Sprott are becoming of gold equities and more so than just holding bullion . Good article on this today From Eric Sprott: "In many of the funds we manage at Sprott, we've transitioned out of gold bullion and into gold equities to better participate in the continuation of the trend indicated above. As long-time investors in this space, we can assure you that the production growth rates will be significantly higher in the junior stocks. They continue to trade at discounted valuations, and we believe they offer the best opportunity to build exposure. Margin expansion is the key metric for this industry, and the market is now acknowledging the miners' improvement in margin capture which has occurred despite the increase in capital and operating costs. We meet with a large number of gold mining management teams on a weekly basis, and based on those meetings, it appears that the average cost of producing an ounce of gold today, all in, is now around $800. At $1,200 gold, these companies can capture roughly $400 in EBITDA. At $1800 gold, however, they're now capturing $1,000 per ounce in EBITDA - representing an increase of 150% in profit margin. That is significantly far above what any other equity sector has been able to generate over the past year. Amazingly despite this new reality for gold producers, we are still finding opportunities in select gold and silver mining companies that can be purchased today at 2-3 times their 2-year-out forecasted cash flow. These multiples are based on the current gold and silver spot price, and if these companies hit their production targets, and gold and silver continue their appreciation we may discover that these stocks were trading at less than 1 times 2-year-out cash flow today. Having been in the business for many years, we can tell you that investing in a stock at 1 times 2-year-out cash flow tends to be a winning proposition let alone in an industry that literally mines the world's reserve currency out of the ground. | divinausa1 | |
18/9/2011 11:17 | I suppose it's important for an index tracker to track the index down as well as up... ... otherwise those shorting the fund will complain (:,) | boadicea | |
18/9/2011 09:11 | Very interesting, typo - thanks. | hiddendepths | |
18/9/2011 07:56 | hiddendepths, I follow FTSE reshuffles and to me the ALD uncrossing trade isn't anything exceptional. The Friday closing auction ahead of the Monday index changes is the best point for trackers to trade (means they don't risk mistracking). It is therefore normal to see these high volume uncrossings. According to my figures the uncrossing trade in ALD is about 1.7% of investable market cap. There weren't any other stocks entering the SmallCap index this time but compare with the uncrossing trades for stocks entering the FTSE250 index. As percentages of investable market cap I make them: CIU (5.1%) KENZ (4.2%) OPHR (4.3%) | typo56 | |
17/9/2011 16:54 | Typo - I doubt it very much. Looks like a single large buyer, maybe the same one who was evident earlier in the week. Could be corporate action IMO, and if so I guess the intensity of the Friday afternoon buying would suggest we'll find out sooner rather later.. | hiddendepths | |
16/9/2011 15:45 | That's the FTSE index effect | typo56 | |
16/9/2011 15:44 | 3.44 million shares at 230p. | hiddendepths | |
16/9/2011 15:37 | Holy mackerel! Now that's what I call an auction! | hiddendepths | |
16/9/2011 14:46 | disappointing performance after oz but maybe a storming finish too or that is my dream ! | arja | |
16/9/2011 07:07 | uk ignoring OZ price action at the moment but lull before the storm perhaps ! | arja | |
16/9/2011 06:58 | A bid on the way? Certainly possible with 200k+ gold production clearly coming down the track. Oriel the new broker have been doing a very fine job here since appointed a few weeks ago. The analyst is Kate Craig if you can get sight of her research and she previously flagged up £3.36 as a target before they became the broker. | davidblack | |
16/9/2011 06:54 | it was incredible Boadiocea . Before that it was about 338 and spiked late in session ! as you say, no news and gold price falling too . | arja | |
16/9/2011 06:45 | The last ASX trade at 6.59am our time before the close was at A$4 (=262p) but the subsequent auction at 6.10am cleared at $A3.73 (246p) with a large volume marked (dubiously?) as sell. I do not see any announcement to account for the buoyant share price | boadicea | |
16/9/2011 06:16 | 250 today then? | vivgav | |
16/9/2011 06:11 | up 13% in Ausie | divinausa1 | |
15/9/2011 14:46 | boadicea, ALD already qualify for the FTSE All-Share series (which encompasses the FTSE 350). They are entering the SmallCap index this coming Monday with an investibility weighting of 100%. Hence some of the recent buying I suspect. An investibility weighting of less than 100% would not have hindered their potential entry into the FTSE 250. Entry qualification is based on raw market cap before applying the investibility weighting. | typo56 | |
15/9/2011 14:22 | solid break now | juju43 | |
15/9/2011 14:04 | vivgav, I know - don't rub it in ! ( wry smile ) . boadicea - interesting comments and seems to be buyers in the woodwork | arja | |
15/9/2011 13:28 | I think that London may well turn out to become the lead due to institutional interest. This may not result in it being the most active market in terms of daily trade volume but will add weight to the price support as institutions progressively absorb loose stock. Given the potential to enter the 250, it possibly looks quite attractive for them to get in early before this becomes fully priced as a mid-market gold play. | boadicea | |
15/9/2011 12:45 | 220 now....heading for 250 imo | vivgav | |
15/9/2011 12:06 | wish I could work out whuich is lead market for this stock as I see UK now trading at a premium to oz of about 8p after oz dipped last night ! Put some on to sell at 214.5 as went out for a while and was surprised to find I was taken out on my return ! | arja | |
14/9/2011 20:27 | have a few left of those boadicea but have been jumping in and out of them on Oz market and here as too nervous in these volatile times to hold more than a stock or two . In hindsight, I would have done better to just hold ! looks good chartwise in oz and almost a NOR situation . good luck . | arja | |
14/9/2011 16:30 | All of a sudden, LSE volume is up to double Oz. This definitely coincides with FTSE inclusion here as it was very low a couple of weeks ago. I don't know how it has affected Oz volumes as I haven't been following. Wait-and-see caution about p-n-g may have exaggerated the low trades state and a more relaxed view of that situation following company comment may also now be helping. Are you still holding what you bought at 170p, arja? (And wishing you had bought more, perhaps!) The company still doesn't have any eye-catching bottom line figures in published interims or finals - still at the promise and read-between-the-lin On that basis, there is room for further up-rating in due course, imho. | boadicea |
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