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GDP Goldplat Plc

6.85
0.75 (12.30%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Goldplat Plc LSE:GDP London Ordinary Share GB00B0HCWM45 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.75 12.30% 6.85 6.70 7.00 7.25 6.10 6.10 1,813,985 16:25:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 41.88M 2.8M 0.0167 4.10 11.49M
Goldplat Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker GDP. The last closing price for Goldplat was 6.10p. Over the last year, Goldplat shares have traded in a share price range of 5.60p to 9.25p.

Goldplat currently has 167,782,667 shares in issue. The market capitalisation of Goldplat is £11.49 million. Goldplat has a price to earnings ratio (PE ratio) of 4.10.

Goldplat Share Discussion Threads

Showing 18726 to 18750 of 29400 messages
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DateSubjectAuthorDiscuss
24/2/2017
17:29
No one could be more incompetent that the GDP old management, sad thing is though that the Botboy knows it but just wont admit it! Lolololololololololololololololololololololololololo


Kimboy224 Feb '17 - 16:59 - 3697 of 3697 0 0
It may appear logical for Rand to buy GDP but I doubt it will happen. RR is owned by various big gold producers basically as a bit of vertical integration and to ensure they don't get ripped off at the refining stage.

As it turns out they got ripped off because RR was incompetent and lost a couple of tonnes of their gold. I wouldn't expect the shareholders to agree to expansion when they have trouble manageing what they already have.

ISTR that the admission document gace RR as one of the main competitors. If they had been any good at that they would have run them out of town already.

danielmiller1
24/2/2017
16:59
It may appear logical for Rand to buy GDP but I doubt it will happen. RR is owned by various big gold producers basically as a bit of vertical integration and to ensure they don't get ripped off at the refining stage.

As it turns out they got ripped off because RR was incompetent and lost a couple of tonnes of their gold. I wouldn't expect the shareholders to agree to expansion when they have trouble manageing what they already have.

ISTR that the admission document gace RR as one of the main competitors. If they had been any good at that they would have run them out of town already.

kimboy2
24/2/2017
15:50
And down into the 6s just as Dan said it would go

I trust some of you were wise enough to take some profits as Dan recommened that you do

danielmiller1
24/2/2017
15:27
And sure enough folks here she goes down to 7p! And as the pup yelps and howls, it matters not as it wont be long before there are futher falls.

Those who took profits on my advice would be sitting pretty this weekend. Those that did not..........well...........sorry chaps you missed the boat!

Have a great weekend.lololololololololololololololololololololololololm

danielmiller1
24/2/2017
13:53
Yep its the old rusty brain syndrome all over again why would a solid devent outfit like Rand want to buy up a little doggie that cant even count.

Beware ironhead must de a stuck in shareholder want a bit of pump and dump

IronStorm24 Feb '17 - 13:48 - 3696 of 3696 0 0
KB agree with your statement on Rand - they do not appear to be very trustworthy as an organisation.

Wouldn't surprise me if they wanted to buy us on the cheap - in which case those days are disappearing rapidly.

danielmiller1
24/2/2017
13:48
KB agree with your statement on Rand - they do not appear to be very trustworthy as an organisation.

Wouldn't surprise me if they wanted to buy us on the cheap - in which case those days are disappearing rapidly.

ironstorm
24/2/2017
13:40
I see that goldplat's confirmation statement is overdue at companies house. I know its only an admin task, however, I have emailed Gerard to ask if it is in hand.
sea7
24/2/2017
12:40
Thanks kb,

Yep, I know its a half year fig, which whilst we may know it, when you look around at some of the financial sites that carry this sort of data, they are giving it at the higher level based on half year. This is likely to put off a few from even looking any further.

sea7
24/2/2017
12:24
Resolution of Rand is key to show the company is ridding itself of its aura of being prone to self-harm.

Wouldn't necessarily disagree with that other than Rand has been responsible for most of the 'self harm'. IMV the less we have to do with RR the better.

The interims show income for the period of £933k, which is after all the tax and finance income/charges etc.

That doesn't include minorities and is for the 1/2 year. It is about £1.5m annualised which puts us on a p/e of 8. If you take into account stage 1 of Kili it puts us on a p/e of 4.

Certainly agree that restoring confidence is work in progress and think the rating will improve along with it.

kimboy2
24/2/2017
12:16
Great post from iron storm(must be a shareholder)

Pity about iron in a storm as it tends to get crunchy, flaky and rusty. I wonder if he was ever told as a child..n n n n...?.......never to leave your brain out in the rain!

IronStorm24 Feb '17 - 11:56 - 3691 of 3692 0 0
FWIW I currently have a valuation of 10p (up from 8p) on this - but that excludes any resolution of the Rand issue and Kili / 2nd half operational improvements.

I can easily see me upgrading my target to 12-13p.

I think the undervaluation is down in part to the Rand issue but only in the context of previous self-inflicted wounds. Resolution of Rand is key to show the company is ridding itself of its aura of being prone to self-harm. Kili will also reset that.

So I see further rises coming from a closing of the discount and an additional operational improvement.

Looking for a double-whammy and double figures.....,,,,,,,,'wonder what kind of optimistic glasses he wears?

danielmiller1
24/2/2017
12:09
As correctly anticipated the share price has fallen back.

Dont just accept why this has happened just because Dan said it would.

Do like Dan does.......investigate.

If you did this properly you will see soon enough that there is nothing there to support the current share price level, but plenty there to call it down.....and down its going!

danielmiller1
24/2/2017
12:00
They will be quite some way along the road in two years. The expansion plan in Ghana, will, after the elution column installation only really get going once the clean up operation of the on site tailings dump has finished.

The interims show income for the period of £933k, which is after all the tax and finance income/charges etc.

This puts the stock on a p/e of 12.9 at todays share price.

When we take 2012 into consideration, income for the period was £4.6m, share price 12.8p and p/e of 5. The exchange rate translation in 2012 crushed the final figure from £4.6m to £3m, thus ensuring that the 12.8p share price gave a p/e of 7.

The market will take a cautious view on Goldplat despite the great work done to restore profitability and we should be able to expect incremental share price rises in conjunction with steady positive news flow to support them.

sea7
24/2/2017
11:57
Their business model was,as they once claimed, and Dan corrected if you recall, the leading gold recoverers in South Africa.

Dan mentioned at the time other companies were recovering more gold more efficiently, you botboy asked me to name them to which I replied..... go away you silly little man, go away and do your own research as if Dan can find them sure a super intelligent egg like you can!

danielmiller1
24/2/2017
11:56
FWIW I currently have a valuation of 10p (up from 8p) on this - but that excludes any resolution of the Rand issue and Kili / 2nd half operational improvements.

I can easily see me upgrading my target to 12-13p.

I think the undervaluation is down in part to the Rand issue but only in the context of previous self-inflicted wounds. Resolution of Rand is key to show the company is ridding itself of its aura of being prone to self-harm. Kili will also reset that.

So I see further rises coming from a closing of the discount and an additional operational improvement.

Looking for a double-whammy and double figures.

ironstorm
24/2/2017
11:26
Who knows what will happen in the short term. In the long term I view a p/e of 7 or 8 as a stock utility with no growth. Perhaps GDP was valued as this with a discount for 'Gold' and for banana skins.

My view is that 2 years out from here GDP will have the 2 extra elution colums, Kili stages 2 and 3 as well as the stock dam operational. I also think they will have expanded the Ghana operations.

If all that happens then GDP could be producing free cash flow of £6 or 7m. I don't think a company producing that sort of cash flow and either investing, or returning it as dividends, or indeed both will be on a p/e of 5.

In the short term the p/e will depend on how much the punters take into account these future income earners. At the moment I think the share price is giving them a probability of zero.

kimboy2
24/2/2017
11:09
What business model is that?
kimboy2
24/2/2017
11:04
GDP should compromise with RR.Say 50:50.GDP may win this battle; but lose their business model.
russman
24/2/2017
07:54
Valid points kb.

What I was also trying to extrapolate, was the view the market is likely to take in terms of share price position going forward, against known figures.

As we know after 2013 the business suffered many problems and the share price reflected that and is returning to normal levels.

As Goldplats business has recovered and is in better shape than before, I went to 2012 to see whether the increase in profitability back then and the share price at the time would likely be repeated over the coming months, as profitability continues its upward trend.

2012 to 2013 was a downtrend for goldplat. The 2016 interims show that we have at least recovered to the 2013 level in terms of underlying business performance.


As Gold is not as high, nor is the company paying a dividend and allowing for the expected increase in returns due to kili hitting profitability and the held back ounces showing up, then I think the market will have this around the current share price for now and then as kili stage 2 completes, an increase to the 8's might be achievable.

I think we will need a good result on rand dispute, confirmation of some further south American or other countries business into Ghana and kili performing as planned for us to see goldplat move upto 10p this year.

We also have those unexpected positives that may come out and boost business and the share price, whereas over the last few years it has been unexpected negatives that have kept on coming up, depressing business and the share price.

At least, after just over three and a half years, the company is back on an even keel again and in a much stronger position.

sea7
23/2/2017
20:58
Yes interesting.

Well firstly as far as 2013 is concerned there are two factors which affected the ratings. Firstly, as you mention, profits halved from the previous year. Secondly although gold was over $1500 during most of FY 2013 it had plummetted by the end of the year.

These are reasons why the rating would be low in 2013. VSA said recently that the present rating was about half the historic average.

On growth there are a number of things that could happen. Underlying it all is the fact that GDP is producing cash and has a list of projects with a one year payback period to invest it in. If they can get some debt finance, e.g. Ghana, then this will only fuel what they can do with their cash.

On top of that is something possibly out of the blue happening on mining. GDP clearly have some ideas. For example ALO got Matala for £1.5m;



It will take $15m to get a 40kozs pa operation going. If GDP could get something like this up and running with a mixture of debt and equity then we would see the share price move.

That I am sure is the strategy. They need a few not necessarily unlikely things to come together to execute it.

kimboy2
23/2/2017
19:26
If we look back to the 2013 accounts, the share price at the end june 2013 was 7.5p

The accounts showed..

revenue £28.9m
costs £24.33m
gross profit £4.566m
admin £1.927m
result £2.6m

The recent interims have £1.009m result, assuming nothing changes, which we know it will then a repeat would be £2.018m at the full year.

the recent interims are showing

revenue £14.41m
costs £12.29m
gross profit £2.122m
admin £1.113m
result £1.009

When we look at these figures, the interims are about half the 2013 full year figs.

As the stock is 7.5p today and was 7.5p then, it looks as though the market is on trend with goldplat.

Looking back a year further to 2012 when results were £4.5m after cost of sales and admin the share price was 12.8p.

Do I see the stock climbing to 12.8p.

A couple of things will hold it back. Gold in dollars in june 2012 was $1584 oz and goldplat was paying a maiden dividend of 0.6p

In my view without gold being much higher and no dividend, then I would think that
we will not have much further to go in the share price before it stalls.

We may inch our way nearer to 10p once the outstanding revenue comes in and kili stage 2 is done. After that it will be the best part of a year for the elution column is fully operational.

Without some of the share price triggers coming in then I see a lot of resistance towards 10p from here.

One other thing - Goldplat listed in July 2006 at 7.5p. So anyone holding from the listing day will be at breakeven!!

sea7
23/2/2017
14:27
Come on Botboy even someone like you must realise that six comes before two.

This Will be a painfull death I am sorry to have to say. Much like the TITANIC.

HOWEVER UNDER THE CURRENT MANAGEMENT WITH ALL THE PROBLEMS TO OVERCOME DOWN SHE IS GOING.

I REALLY FEEL FOR THOSE WHO ARE BUYING TODAY AS THE DOWN TREND HAS ALREADY STARTED...AND WITH ALL THE SUPPOSED GOOD NEWSFLOW...........look for yourself!

danielmiller1
23/2/2017
14:07
Started at 2p, then it was 5 and now it is 6. Things must be on the up.

DAN WILL NOW GIVE A CAST IRON SOLID UNDERTAKING.

HAVING CALLED THIS DAWG SHARE RIGHT ON THE BUTTON FOR YEARS SINCE MORTITZ AND HIS LSNOB DOG THE SAUSAGE FAILED TO GET THE CONTRACTS RIGHT AND MISLEAD THE MARKET THEM IF THIS FAWGIE DOGGIE IS NOT TRADING AROUND 6p BY MARCH END.......DAN WILL NEVER POST HERE ON THIS THREAD AGAIN.

kimboy2
23/2/2017
13:51
The only problem for you guys is that when Russ opens his mouth he lets the sense of his words flow freely

Russ is only being realistic and helping shareholders form a balanced view. Unlike Kimboy on the other thread, who grabs at anything that even remotely looks good enough for a ramp!

DAN WILL NOW GIVE A CAST IRON SOLID UNDERTAKING.

HAVING CALLED THIS DAWG SHARE RIGHT ON THE BUTTON FOR YEARS SINCE MORTITZ AND HIS LSNOB DOG THE SAUSAGE FAILED TO GET THE CONTRACTS RIGHT AND MISLEAD THE MARKET THEM IF THIS FAWGIE DOGGIE IS NOT TRADING AROUND 6p BY MARCH END.......DAN WILL NEVER POST HERE ON THIS THREAD AGAIN.

danielmiller1
23/2/2017
12:54
Just when you think the positive sentiment may be overheating, russman opens his mouth and all is well with the world again.Onwards and upwards..
wigwammer
23/2/2017
11:51
GDP said they would like to raise at least £2m when capital markets permit.RR could wreck GDPs cashflow - yet again.
russman
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