||ORD ZAR0.25 (DI)
||EPS - Basic
||Market Cap (m)
Real-Time news about Petmin (London Stock Exchange): 0 recent articles
|kayaks: Had some PTMN shares a while ago and will buy again when i have freed up some cash the ironsands project in canada seems to be an excellent investment, but in the meantime have some O/T news. Universal coal a junior coal miner in SA has had its share price re-rated and will become a serious competitor to cza in the future.
"Our sum-of-parts valuation for UNV has increased 10.5% from $0.76 to $0.84 chiefly from the increased resources in the coking coal assets which out-weighed the reduction in peer group EV/t multiples."
Sydney broker Canaccord BGF whose report is on the UNV website has rated the shares at A$1.00. dyor
|acamas: How will todays news impact on the share price?
I am aware it is 3 years off but over the life of the investment is it worth in revenue on todays pig iron prices per mt around $1.32 american billion ($1000 million equals 1 billion) to Petmin for their 25% share in Veremo|
|kayaks: [Could this be the reason for the rising share price? Kayaks]
Johannesburg - Paladin Capital, which influential investment group PSG regards as its preferred investment vehicle, charged on the JSE in early Wednesday trade. At lunchtime Paladin, boasting a portfolio of strategic stakes in roughly a dozen listed and unlisted small companies, was up 12% at 202c.
But in earlier trade the share was briefly 38% higher at 248c, while a number of trades went through at 225c. Although volumes were fairly small (430 000), such a sudden surge in price might precipitate some form of corporate action or the announcement of a major development. But market watchers largely believe Paladin's share price is merely "playing catch-up" with a few buyers enthusiastically chasing stock. While Paladin's net asset value was reflected at 172c/share at the release of its interim report to end-August 2009, the improved market conditions could mean a much higher underlying value may now be applied to the company's portfolio. For instance, the value of Paladin's 48.6% investment in AltX-listed FMCG (fast moving consumer goods) management specialist CIC Holdings, has increased by more than 70% since the interim reporting period.
Other listed investments like junior mining company PETMIN and scaffolding specialist Top-Fix have also seen a marked improvement in share prices since August last year. While confirmation of the year to end-February net asset value is still some weeks away, the share price surge suggests the market is expecting Paladin's investments to carry a value of between 215c/share to 225c/share.|
|camy: Note that the Cautionary Announcement has been withdrawn. Maybe just as well as they were about to make an acquisition which may not have been so good for the share price in the short term. Can't ask for more: uncertainty removed and the results speak for themselves :)|
|camy: Looks to me like some institutional holders doing their own thing. May well place a floor under the share price and last time there was such high volume we spiked up for a few days thereafter but ultimately crashed (I wasn't holding the rise/fall at the time) having held in 07 and sold in Feb 08. This time around the spike may be sustained if news presaged by the lastest cautionary announcement comes to fruition (unlike similar ones last year which was withdrawn). The stock appears to be tightly held so you can only build a stake a bit at a time which I've been doing using spare change since mid May 09. The opposite is also true: you can only cash in a bit at at time so it takes days to close out a position. Things might get better but I doubt it. It appears to be traded mainly in za after all.
Finally, whoever has been investing may also have noticed the healthy price 3.16% and volume 1,511,621 today in za which looks to be the highest volume for over a month and far higher than the daily 80000 approx at the end of July.
Intriguing that the large trades in za mirror those one lse. Perhaps the 700,000, and 295000 shares appearing today on lse have been transferred from/to za. Can but hope this is the case and these have been transferred in anticipation of forthcoming demand. LOL
Date PDT Volume
04/08 11:30 AT 196 700,000
04/08 11:27 AT 195 391
04/08 10:58 AT 194 295,000
04/08 10:26 AT 195 12,690
04/08 09:50 AT 193 8,540
04/08 09:43 AT 193 30,000
04/08 09:16 AT 191 465,000|
|kayaks: There is something stirring on the JSE, since 07/07/09 until today's closing prices 11,517,314 shares (sharenet.co.za) have changed hands and hardly any share price movement. This is quite extraordinary for a share that hardly ever trades and if it does only in the thousands. Has news leaked about the new additions to the PTMN mining portfolio?|
|kayaks: Could anyone hazard a guess or have knowledge why so many sales have taken place, since 23/06/09 nearly 350,000 sales. The only good news it would seem is that it has not affected the share price of this very tightly held share. So there must be good news on the horizon, I hope.|
|kayaks: Today broker Numis repeated its "buy" recommendation stating that Petmin is immune to lower commodity prices, it also kept its 48 pence price target. Numis says prices have been locked in for all Petmin's 2009 volumes and it is upgrading Petmin's Rand based earnings figure. Numis also states that it expects Petmin's net cash position to incease during 2009 and 2010, believing it's well positioned to weather any downturn in commodity prices, while expecting earnings to remain robust. So matt123d good move, your buy and another 2 buys totalling 26000 shares moved the share price up 16.28%. Good luck to all holders.|
|nickcduk: someuwin - It means they are in discussions about a significant deal which if concluded could have a major impact on the share price. I should note that the deal might just be a damp squib but if its a good one then the share price will respond accordingly. That isn't reason enough to buy though imo. Todays news definitely is.|
|nickcduk: Somkhele alone is worth more than the current share price. Its trading in South Africa at about 17.6p this morning. I expect to move sharply higher still and for the London price to catch up in due course. End demand markets are exceptionally strong at the moment for PTMN. That will feed through to the likes of PTMN.|
Petmin share price data is direct from the London Stock Exchange