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% 5.50p 5.25p 5.75p 5.50p 5.50p 5.50p 50,000.00 07:52:49
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 16.6 -0.8 -0.5 - 9.21

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Date Time Title Posts
21/1/201711:11Goldplat - Profitable Gold Recovery Business3,451.00
19/1/201723:46GoldPlat - Gold Panning with Dan2,195.00
13/1/201717:09Goldplat - Found Niche in the Gold Market11,874.00
18/3/201616:53*** GoldPlat ***114.00
15/12/201518:36GoldPlat - gold producer with a difference429.00

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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 5.50p.
Goldplat has a 4 week average price of 5.54p and a 12 week average price of 5.52p.
The 1 year high share price is 7p while the 1 year low share price is currently 3.13p.
There are currently 167,441,000 shares in issue and the average daily traded volume is 111,635 shares. The market capitalisation of Goldplat is £9,209,255.
sea7: shareholder, I have been under no illusion as to the issues that goldplat have faced and are facing. I first bought in to goldplat in april 2007 and then sold out in September 2012 when the stock hit 14p. I rebought a position at much lower prices over the last few years. I was buying at 1.75p, 2p and 3p. The reason I chose goldplat, is because of the recovery operations, which make it unique amongst listed companies. I do not particularly like traditional miners, nor do I go much on ETF's and actually buying physical gold, which simply relies on me finding someone willing to pay me more for it than I did as my only way of making a gain, is not ideal for me. This left DRD Gold and Goldplat as my choices. As DRD is not London listed and I only usually trade uk listed stocks, that simply left goldplat as my investment vehicle for exposure to gold and PGM's. I do like Sylvania platinum, however always too pricey for my liking against earnings. Whilst Goldplat have managed to make mess of things over the last few years, it has presented the investment opportunity at lower prices. The downstream recycling is a great business that is not geographically constrained and can be replenished indefinitely, unlike a traditional orebody. In my view the earnings per share (diluted) need to double to 1.5pps to justify a share price of 9p. That would put us on 6 times earnings at that level. When we look at the basic EPS in the accounts for period ending june 2016 we see a figure of 0.84pps. Taken in conjunction with the loss per share at end june 2015 of 0.53p per share, this gives us a bigger picture swing of 1.37pps for the whole period june to june. If this performance is repeated from july 1st 2016 to june 30th 2017, then we should easily be at 8.25p per share when the results are announced next September. The usual caveat is that sentiment can drive this either side of this figure and banana skins have been goldplat's speciality for a few years, so my 8.25p is open to debate!! Whilst I agree with everything KB says from the perspective of the business, I do not see much share price appreciation until we get some further clarity over continued profitability and closure on some of the outstanding issues.
sea7: Without any further numbers I do not expect goldplat to trade over 6.25p per share. This is based on the fact that at 6.08p we will be trading at 8 times earnings. That equates to a mcap of just over £10m. The only reason it was over this level back in july was the following :- share price was 6.88p mid - today its 5.25p gold in dollar was higher - was $1360 its $1160 now. gold in rand was higher - was ZAR20,000 its ZAR15791 now the dispute with rand refinery was not known. These are the only real factors that have changed in the last few months. The trading day before the RR dispute was announced the stock traded at 6.75p on the bid. It dropped to about 5p when the announcement came out and then steadily recovered back to 6.5p over the next few months. As gold and rand gold prices have dropped further we have seen goldplat drop back to the previous lows of July. The RR dispute was mitigated by the selling of inventory and therefore, from a balance sheet perspective does not affect the ongoing capex programme. Whilst it does appear to be giving some shareholders confidence issues, regarding the details of this dispute, as they are not disclosed due to the nature of the arbitration, it is pointless speculating too much on it or worrying about it until we know the outcome. Today we are trading at just under 7 times earnings, which is the same level Goldplat traded when gold was around $1900 oz. EPS June 2012 - 2.53p, share price 12.5p, moved to 16.5p in the September and subsequently showed 6.5 times earnings at the all time high. Looking at the share price today, the multiple of earnings and comparing it to goldplats historical patterns, we are in line with historical trading. I would not be surprised to see Goldplat inch down further on boredom selling and the fact that gold has moved out of favour for the time being.
sea7: The last time that goldplat had over £4m in net profit, after minorities was at y/e june 2012. Back then we had 2.53p of diluted eps, a net current asset value of 4.76p per share and a share price of 12.5p. The stock moved to the all time high of 16.49p a few months later. This had goldplat trading at 6.5 times earnings at the all time high share price. Based on fully diluted shares of 183,350,000 as at june 2012. Today we are at seven times earnings. The market is once again seeing further growth and enhanced profitability for goldplat. We were at 8 times earnings a short while ago, however, the expected rate rise in the USA, the stronger dollar and drop off in dollar gold and rand gold price has brought this back to seven times, meaning the market does still have faith in the company to deliver, despite the weaker backdrop to the sector. The seven times earnings is based on fully diluted 185,010,536 shares as at june 2016 Without any tangible news, I am not expecting much share price appreciation, however, if there is too much slippage in the delivery on projects, a further drop in Gold in rand and any new banana skins, we could easily see this drop back to trade at five times earnings with a mid price of 3.8p in very short order. For the record, my numbers are from continuing operations and do not include "other comprehensive income" Even though Goldplat operates all year round, we only have about another weeks worth of trading days before most people wrap it up for the year, so unless we hear something mid way through next week, then I won't be expecting much until into the new year.
discodave4: Wouldn't completely disagree S7, except strongly disagree with your first para.The facts paint a completely different picture to your sentiment and views:Two days before the RNS detailing the RR issue the share price was at its 18 month high and had been climbing fairly steadily since the low around Aug 2015. On the day of the RNS 11th July the price (bid) fell 25%, to 5p, its been bouncing around 5.25 to 6 ever since.Despite what you or I think the facts speak for themselves In terms of what has happened to the share price since the RR issue despite all the positive news since the 11th July. Unless you can provide any other reasonable explanation for the share price movement since the 11th July then no offence but I will stick with what the graph and actual price movements tell me.That said, hope this does start to move upwards at a fair rate of knots as still intend to sell up soon.GLDD
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
dangersimpson2: DD, Your posts are coming across as increasingly emotional in their response to a share that hasn't performed as expected. It seems to be clouding your ability to think logically. What would be the logical share price response to a one-off 600k debtor write-off or 300k after tax as KB points out. Well the minimum impact will be 300k but the cash write off plus maybe need to go elsewhere for refining capacity due to relationship breakdown would have a negative impact on cash flow and hence capex profile. We know that GDP has a very high ROIIC at the moment due to being capital constrained for sometime. So a 500k-1m hit would be normal. Arguably the shareprice has already dropped by 1p = £1.5m in response to the news. Hence a further drop of 2p = £3m market cap would indeed to be good news. It would be a massive over-reaction and would give one the ability to buy at a highly lucrative price. I'm sure emotionally such a drop would be painful - particularly for those who hold a lot more than you - but that doesn't stop it logically being good news. Given that it's only £1500 then I still think you should probably sell. Holding GDP at a loss seems to have a much higher emotional and analytical cost for you than any short term financial gain. Here is an extract from a blog post I wrote on how I try to deal with these biases: Loss Aversion For this reason I have a rule. If a position drops below 1% of my portfolio and I’m not willing to add to the position to make it above 1% then I sell the whole position. If I don’t have the confidence to hold at least 1% this clearly isn’t my best investment idea. The small position size means that its potential impact is very low anyway so if it is still in my portfolio it is a sign that I am suffering from loss aversion. If I don’t clear out that long tail of losers they will take up emotional and mental energy that is best spent on my best ideas. Given the emotions that surround selling losers the 1% rule is surprisingly hard to implement but really worth doing. The only case that I can see it being worth holding a very small number of shares is when you want to incentivise yourself to better understand a company. For some reason most investors are better at really kicking the tyres when they have some money on the line. This should not be an indefinite position though. You should set yourself a deadline at which point you assess the company and either add to the position or sell it. The downside to this strategy though is that ownership bias will probably make you rate the company more highly than you otherwise would. For this reason this should be used sparingly. Get-even-itis The other most common bias that impacts portfolios is ‘get-even-itis’. You probably have suffered from a case of this too. It starts when you have a position that goes against you. As it appears ‘red’ in your portfolio you start to worry. As it drops further you think ‘I wish I’d sold when I first started to worry.’ The worry stops increasing when it starts to bottoms out and starts to subside as it starts to rise. Then when it gets back to your buy price you are so relieved you immediately sell. This of course is a form of ‘anchoringR17; and is illogical. If nothing has changed since you bought then the share price going down and up again has not changed the investment case. Equally if the investment case has deteriorated you should have sold immediately and it is merely chance that means you are back even. Again given the power of this effect it may be worth setting a rule that you never sell a share at your buy price. Particularly when the share price trajectory has been a drop and recovery on no news. In Summary… Given that behavioral biases are pervasive, hard to identify in real time and high impact it makes sense to have a strategy to deal with them. I believe the best solution is to create a sensible set of rules in advance, write them down, and apply them rigidly. This doesn’t mean you follow a purely rules based investment strategy but you proactively identify areas of weakness and think how applying a simple rule could overcome that. This frees you to spend your energy where you can have the greatest impact: finding great investments that no one else has spotted. hxxp:// Maybe such rules might help you take the emotion out of the situation? Cheers, Mark
danielmiller1: See the rubbish some locked shareholders will post to bolster this dawgie. But Dan knows better. Here is a note Dan found from a few years back when the company was painting a completely false picture which fooled many into buying share and losing out. Today they are still up to their old tricks. A Golden Takeover Opportunity, which proved to be a punteres dead lead disaster This wrote some years back about Goldplat (LSE: GDP), a small-cap gold producer specialising in gold recovery but with a growing mining business. At the time, Hevcommented that it was about to publish its full-year results, of which great things were expected. Hecwas pleased to say that like the proverbial milkman, Goldplat delivered albeit with much glossed over figures high added added an unexpected bonus of a maiden dividend of 0.6p per share. At the current share price of around 15.6p, that equates to a yield of 3.8%. The Results they would have been nice if they had been correct and therefore sustainable You can see the company’s results in all their glorious detail on the company’s website, but here are the main highlights: Maiden dividend proposed of 0.6p per share totalling £1.01 million 52% increase in profit before tax to £5.24 million (2011: £3.43 million) 48% increase in operating profits to £4.53 million (2011: £3.05 million) 52% increase in net cash position of £4.57 million as at 30 June 2012 (2011: £3.01 million) Market leaders in gold recovery in Africa – production from Ghana and South Africa totalled 31,354 ounces Establishing a new gold recovery processing unit in Burkina Faso; registered a new trading company, Midas Gold SARL, and initial plant designs are underway Achieved first gold pour at Kilimapesa Gold Mining Project in Kenya in January 2012 162% JORC compliant resource upgrade at Kilimapesa to 649,804 ounces at 2.44 g/t gold Strong progress made to advance gold development portfolio in Ghana and Burkina Faso Aim to delineate in excess of 1 million ounces of gold resources across Kenya, Ghana and Burkina Faso gold mining projects by the end of 2012 All in all, a decent set of results. The company’s share price didn’t move all that much when they were published, but the gains were trailed in advance to some extent, and small cap share prices sometimes do take a little longer to react to good news. It was good to see that the then new CEO Russell Lamming had already put some of his own money into the company — Lamming bought 200,000 shares at a cost of around £31,000. HE SOON WISED UP TOMTHE FACT THAT WHAT INFO HE BOUGHT UPON WAS FALSE. HE CLOSED HIS BOOK AND WALKED AWAY AS FAST AS HE COULD.......FEELING VERY DISPONDANT WITH. THOSE WHO FED HIM A LIE.
flyingswan: There should be an RNS this week, as it is the end of the month next weekend. If the new plant is commission in October as stated? What affect do you expect this to have on GDP share price?
Goldplat share price data is direct from the London Stock Exchange
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