Share Name Share Symbol Market Type Share ISIN Share Description
Goldplat 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
  +0.00p +0.00% 7.375p 7.25p 7.50p 7.375p 7.375p 7.375p 3,933 07:30:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 16.6 -0.8 -0.5 - 12.35

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Date Time Title Posts
25/4/201709:09Goldplat - Profitable Gold Recovery Business4,155.00
24/4/201723:25GoldPlat - Gold Panning with Dan2,660.00
16/4/201713:33Goldplat - Found Niche in the Gold Market12,009.00
07/4/201720:55GoldPlat - gold producer with a difference432.00

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Goldplat Daily Update: Goldplat is listed in the Mining sector of the London Stock Exchange with ticker GDP. The last closing price for Goldplat was 7.38p.
Goldplat has a 4 week average price of 6.88p and a 12 week average price of 5.38p.
The 1 year high share price is 8.13p while the 1 year low share price is currently 4.88p.
There are currently 167,441,000 shares in issue and the average daily traded volume is 314,069 shares. The market capitalisation of Goldplat is £12,348,773.75.
shareholder7: Sea I wonder if you can look at GDP balance sheet Most of the posts have been all about profit but in all businesses "Cash Is King"To me the $2m loan should not have pushed the share price up. In fact I think if GDP did not get this loan they might have been in danger and it's a signal of problems.Looking at the interim accounts and the balance sheet 30th June 2016 the key movements are1. Inventories up by £4m 2. Trade and other receivables up £2.6m3. Cash down by £1.3m4. Trade creditors up by £5.4mThis looks to me like a company with potential cash flow issues.1.Valuation in inventory is very subjective and could have a big swing2. Receivables, some of this can be explained by the increase in sales but GDP are not collecting cash well. Also there will be £750 of RR in there that needs to be provided for as a contingent liability 3. Cash down is significant and if you look at the P&L GDP really only made £933k as there were £1,184k of exchange translations which does not necessarily generates cash 4. Trade creditors up significantly with GDP delaying payments but part explained by the increase in sales but not allI can't find anything in the notes as to the inter company loans but you can understand that these need to be sortedGDP group structure is inefficient as losses from one company can't be off set to another. GoldPlat recovery has been financing Kili and all the other stuff and they need their money back ( especially as they will not have a litigation fight with RR)Also the minority interest 26% would not be happy that their cash is being used to fund other companies that they have no interest in.I wonder what the interest rate has been agreed on this loan?So how much cash is left from the $2m loan after paying back the inter company loans ? I can see this money disappearing very quickly now and as I have said I can see GDP having another cash issue during the last quarter Be interested in a balanced review of this post and I might be way off the mark here
shareholder7: Agree with DD yet again and I suppose if you lose 40k in a week your views need to be on the optimistic sideGDP have a track record for bad contracts When the gold price started to fall from $1800 this was the beginning of GDP troubles as they had agreed the price of the contact upfront not allowing for any fall in gold price At the helm at that time was our FD IanNow we have Hansie negotiating with RR and look what happened thereSo who is negotiating in SA ? Maybe someone can tell me?If DD had been employed to look at contacts GDP would be in a much better place and the issue is what other contacts have been screwed up ? I can't see anyone in this organisation that has the experience in contacts, yes loads of technical skills in processes Gold but real commercial awareness We still have Ian as FD, same guy that allowed a single Refinery that nearly brought the company downGerard is a great PR guy and comes across really well but his last couple of jobs did not work out wellAnd our new Chairman comes out with a bullish statement that could have been written by Brian This is why the share price is not moving as new shareholders are wary , mistrust all the positive RNS's and if it was not for a few individuals building stakes in GDP we would be below 5pI think there is a big overhang of shares owned by a few people that if they tried to sell would crash the share price They only way out for them is if GDP gets bought But let's see
sea7: I agree with you totally on that shareholder. Despite the fact the company has delivered on its objectives regarding the turnaround, the share price has pulled back from its recent highs of 7.5p and in my view only sits at its current level as the market is giving some trust to a continuation of the current trend. Had the company not delivered on what it has done, the stock would be much lower again. The stock would be higher as you say, had things like rand issue not cropped up, the stock dam being further along and the elution column in Ghana not being a year behind the original schedule. As you say, the share price is also a reflection of not only performance, but trust as well. With the markets being a forward looking arena, any new banana skins that are found and stepped on, will see the share price drop off, irrespective of performance. Thanks for your kind comments and whilst some trust has been restored, there is a long way to go, before full trust is reflected in the share price and investors are willing to pay a premium for the stock, safe in the knowledge that they are likely to be buying a safe solid company, that will deliver good returns to them.
sea7: 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: 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: 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!!
shareholder7: DD Rand have loads of product for processing and this deal was meant to bring the two companies together If they would have pulled this off, more processing would have happened and I would not have been a seller Now RR and GDP don't have a great relationship and egos are at play RR will want to partner with someone else or do it themselves (wait for the reply from Elmboy asking for proof) Do GDP have completion, yes they do So this dispute has effected GDP share price and could push RR to find alternative providers If GDP have to write off £650k that will pull back the gains but as they say they are sure of a favourable outcome but win the deal, lose the relationship We both see this as does Gerard Lets see what happens with the share price in the coming months But as I say good luck to the people that bought in at the bottom but try selling 4m shares in this market Luckily there is one person that is building a stake to take them at the moment Thanks for your support DD
shareholder7: You really don't need to be rocket scientist to work out GoldPlat1 SA is worth $19m on its own. This was the valuation 2 years ago when the minority interest was sold and its valuation has since risen. So current market cap of GDP is what our 75% in SA is worth 2 killi loss making and burning cash 3. Rand Refinery nearly bought down GDP because they were at the end of the process and GDP had no alternative 4. Ghana then went into losses as RR refused to take product 5 As soon a RR took GDP production revenue and profit returned 6. Germany used as alternative in the meantime So what does this tell us RR is the key to making GDP successful So what do we do Get into a contract that both sides are disputing and GDP start legal procedures against RRRR then say they can't take any product in August so GDP have to find alternative at high transportation costs and timing issues RR shareholders are GDP customers so what message does this say to them ? Check out their web site So if GDP do this what is the next thing they will do Share price is down the toilet due to this and if they had a great relationship and troll agreement would have worked out we would be looking at a share price of 10 to 12 p after finals Now you have to write off 650k so profit before tax is now 1,350k plus you have legal expenses and time committed Simple really I hate to say it but same old story, what is management up to Too many engineers not enough business people running the company Solution1. Close killi 2. Get into bed with RR and sort out those issues3. Focus on gold recovery 4. Get some experience commercial people in
sea7: FS, August 2007 share price was 8.5p 2008 quoted at 9.5p sept 2009 share price was 10.93p Sept 2010 share price was 9.6p Nov 2011 share price was 11.94p aug 2012 share price was 14p jun 2013 share price was 8p jun 2014 share price was 3.75p jul 2015 share price was 1.63p. In 2007 shares in issue 109m mcap 9.26m in 2008 shares in issue 112m mcap 10.6m in 2009 shares in issue 111m mcap 12m in 2010 shares in issue 168m mcap 16.1m in 2011 shares in issue 168m mcap 20m in 2012 shares in issue 168m mcap 23m (price hit all time high of 16.5p that year) in 2013 shares in issue 168m mcap 13.4m in 2014 shares in issue 168m mcap 6.3m in 2015 shares in issue 168m mcap 2.73m today we have 167m shares in issue and a 6p share price giving a 10m mcap. The mcap is the same today, as it was in 2008, when PBT was around the same level as it is today. The company has a lot more to come and this PBT figure should increase going forward and if history is anything to go by, so will the share price. The shares in issue are rounded and the prices are correct on a particular day in the months shown - I know they are as they are taken from my historical contract notes.
discodave4: DS2Ok, mention of 4p was finger in the air. My main point was worst case the RR dispute could delay the share price recovery to such an extent that for me I will be better off selling. Didn't recall many posts citing too many "facts", so that aside and despite what others think (myself included) let's go with a non-bias, and the only, analysts forecast:Forecast pre tax is £560k, the forecast share price for the next 12 months is 7.1p. if the RR issue is going to hit the business by £500k to £1m (let's go for £750k), what do you think the share price will then be in 12 months time?....surely it will not increase as f/cast by 23% because pre tax has been wiped out (materially failed to achieve expectations). Is it logical also to say it could delay hitting this forecast, or earnings growth, by at least 12 months? (IMV it will). Last year with a pre tax loss of £248k the share price was about 2.5p, FY2015 the pre tax loss could be ~£190k, what then is fair value?....3.5p?, you tell me (by your logic, a £750k hit would drop the share price 0.75p, thus it is already fully priced in - I disagree).I accept they were turning this around and the future looks brighter than it did last year, so doubt it will drop to 4p, but also doubt that it's been fully priced in either (unlike your logic) - the share price is only about 12% down to what it was pre the recent update, so think it will drop further if they confirm the worst.....if they don't it will continue on its merry way and everyone will be happy (you will be happy either way!).DD
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P:40 V: D:20170425 16:33:56