Goldplat Share Discussion Threads

[sea7] 24/8/2016 16:30

You talk so much garbage miller, it beggars belief.

Perhaps one day you will wake up and realise what a complete tool you have been and the reality will hit you, that all those that you have spun your garbage to, are in fact laughing at you behind your back and that includes those who know you personally.
They are lying if they say otherwise.

[sea7] 24/8/2016 16:02

I thought you were not going to post until october 1st, as you and a few mates were taking a schooner to cuba.

Full of it as usual miller and you can not even get your facts right here.

[danielmiller1] 24/8/2016 15:53

Well 2million gross, that was expected according to kimboy's assessments.

However Kimboy was looking at the business "as is" ie under everyday working circumstance.

What was not taken into account was the rising gold price and currency weakness.

Therefore removing the increasing price of gold and assuming the reverse in currency valuations then what we have is a struggling company facing grave financial problems.

Once this sinks in the share price will retract!

Also I understand that in order to boost its lack of working capital GDP are considering a high risk project. Hold on to your seats folks this looks interesting!

[maybesum] 24/8/2016 15:14

Clearly GDP are on the way up in terms of profitability and now is a good time to buy in with the gold price rising ... the company turnaround is definitely taking place and so bought more today in expectation of a return to 8-10p soon.

[sea7] 24/8/2016 14:46

proactive view...

www.proactiveinvestors.co.uk/companies/news/122798/goldplats-turnaround-gathers-pace-122798.html

extract..

Cash inflow

It’s helpful, of course, that this is a company that is generating cash and likely a lot of it given the strength of the second half performance.

[sea7] 24/8/2016 14:39

An unexpected and brief update.

This does mean that kimboy was spot on with his assessment and it was at the lower end of my range of £2m-£3m.

Still, notwithstanding the rand issue, it does look as though we were all in the right area, with regards to our expectations.

The "market expectations" in the VSA note were way understated.

Since listing goldplats profit/loss before tax (to end june each year) is as follows...

2015 - loss £796k
2014 - loss £248k
2013 - profit £207k
2012 - profit £5.24m
2011 - profit £3.42m
2010 - profit £1.94m
2009 - profit £2.40m
2008 - profit £1.62m
2007 - profit £751k

This figure of £2m to end june 2016, putting the one off rand issue to one side means that we have finally emerged from the woods and are seeing levels of profitability, not seen since 2008/2009.

Back in July 2008, the share price was 9.5p, gold was starting its climb up.

We have a lot more to come and we have nearly two months worth of revenue already booked since the end june.

[wigwammer] 24/8/2016 14:34

"Consolidated profit before tax"So reading between the lines I assume they mean consolidated profit before tax.

[flyingswan] 24/8/2016 14:00

Kimboy2...What will Goldplats PE Ratio be with these new figures from today's RNS?

[russman] 24/8/2016 12:38

I am not familiar with the term net profit before tax. Do GDP mean Gross Profit.

[pog1234] 24/8/2016 12:31

Kimboy, I agree that it is interesting that GDP has released an update on an update coming in the near future. For me this could only mean that they are waiting for positive news. The RR issue is already known and is negative, so here it is only an upside or status quo. And I believe the company has to mention a big risk that has surfaced when it becomes known, no?

[kimboy2] 24/8/2016 12:04

DS
I think (but not sure) that the finance costs will work so that they actually increase the operating profit in H2/16.

You are of course right about the Q4/16 figures giving a much higher run rate.

Still interesting as to why they didn't do a full update. It may be that they are waiting government approval for somewhere to dump the stock dam tailings, and it is imminent.

[kimboy2] 24/8/2016 10:52

Hi DS
The figure given today includes financial costs, which are largely irrelevant. I am still trying to get my head round what effect this will have.

[nw99] 24/8/2016 10:44

Just bought here

[michaelfenton] 24/8/2016 10:14

Kimboy2 - yep it does. C'est la vie.

[dangersimpson2] 24/8/2016 09:01

KB,

Isn't the true run rate higher than £3.2m if the gold price/fx & operational rates & costs stay the same?

You would take 4xQ4 to reflect the current pricing not 2xH2. Which would give £4.7m operating profit after central costs based on your figures or £3.5m after 26% SA Tax.

[nick rubens] 24/8/2016 08:41

This level of profitibilty reminds me of GDP many years ago when the shares were trading around 12/13p and always seemed cheap back then and with a good yield at the time.

Looking forward to that level again. With interest rates plunging and QE being prepared Gold Price should improve.

[kimboy2] 24/8/2016 08:10

Hi mf
That ages you a bit.

[michaelfenton] 24/8/2016 08:05

Thanks Kimboy2 - your views are always worth the read.I am chilled or rather baking in Cyprus and watching Chuck Berry on youtube.My foot is tapping.

[kimboy2] 24/8/2016 07:57

The market expectation as contained in the VSA note was for a PBT of £0.563m so we are well north of that whether RR cough up ornot.

The main point though is that the first half was £0.395m and the rest H2/16. This would indicate a run rate of £3.2m PBT for 2017.

Seems a bit of an odd update when they presumably have all the operating numbers. I presume they are waiting to finalise some news, hopefully the stock dam.

[kimboy2] 24/8/2016 07:50

kimboy2 21 Jul'16 - 12:07 - 2501 of 2642 0 0 edit
Here are the quarterly updates and my, probably rose tinted, forecast for Q4/16. This is assuming that RR cough up.

This is the operating figures given by the company. There are central costs to come off that of £200k per quarter which gives an operating profit of about £2m.


Q1 Q2 Q3 Q4E
SA 415 275 845 1200
Ghana 156 146 156 180
Kili -115 -217 -169 0

Total 456 204 832 1380 2872

[michaelfenton] 24/8/2016 07:43

Thanks Pog1234 - agreed. So future looks positive.

[pog1234] 24/8/2016 07:39

Depends on what you were expecting Michael.... My view is that it is in line with expectations even if they write off the disputed invoice to RR. Depending on the progress on all other projects the trading update could be very positive. We shall see in the near future when it is released.

[michaelfenton] 24/8/2016 07:32

So profits look like 2 million and we are not too sure about RR dispute. Better than expected?

[rolo7] 24/8/2016 07:24

Wow! 2million pbt fantastic!