||EPS - Basic
||Market Cap (m)
Trans Siberian Gold Share Discussion Threads
Showing 1151 to 1175 of 1175 messages
|Had a few of these for the EEZY4 portfolio FWIW.
"TSG expects that the commencement of stoping at level 100 m by mid-2017 will enable the delivery each month of up to 12,500 tonnes of high quality stoping ore to the plant". That's perhaps interesting if it's tonnage over and above current production.
Current forecasts are for a big ramp up in profitability for 2017, so I'm hoping this is the case. That would put TSG on a P/E of c. 2.3 and there's a few years mine life left AFAICS (8 years perhaps?). P/E not a great measure for a miner but cash flow has been fabulous here for a couple of years now.
With almost no net debt and with a fair wind on all sorts of things, there could be a stream of very juicy dividends coming...
Lots of stuff can go wrong of course!
Thank you for going to the trouble of putting that post together :-)|
|A helpful chap over at Stockopedia gave me this explanation:
If you look at the company Cons Balance Sheet, Equity section, you will see:
Share Capital 18,988
Share Premium 89,520
Retained Losses (27,589) ...all figures '000 USD
There are 110,053,073 shares in issue of nominal value 10p. The share capital is the no of shares x nominal value (10p) = £11,005,307, which is the share capital above when converted to USD at the rate applicable when the share capital was created. The share premium represents what was actually paid into the company when the shares were created, in addition to the share capital. Retained losses are the accumulated losses since inception of the company. Normally, a company is not allowed to pay out to shareholders the Share Capital or Premium other than on winding up the company, so it has to generate a lot of profits to clear the accumulated losses before any dividends can be paid. However, if shareholders agree, the Premium can be paid back to shareholders with agreement of the Court. For practical purposes it makes no difference how this is classified, except that after the Court order it is available for distribution. The question is why would the company want to distribute it? I note that the company has been profitable in the latest year (Dec 2015), and is sitting on quite a lot of cash (12.6m USD, although debt (approx 17m) is higher than the cash pile - but not excessive!), so if it cannot use the cash to repay debt it would be a reason to reclassify and distribute it. How much could it be? Well, if the company has had another good year in 2016 (and the fact that it has applied to the Court now, and Stocko reported earnings forecast for 2016 is positive, suggest it will have a good year), I suggest that most of that cash pile could be distributed, which could be a dividend of around 9p which would equate to about 22% at a share price of 40p. That would likely only be a one off though. Just my thoughts and I hope this is helpful - apologies if my explanation of share capital above is teaching grandma to suck eggs.|
|I am still unclear of how rewarding that is though - obviously be good news if it means dividends but still unsure on how much etc.
Look at the final accounts - Under point 8 Share capital and premium
It says it holds 18,988,000 in Share Capital & 89,520,000 in Share Premium. If the value is 0.10p as per the accounts that means £8.9M value in shares being cancelled?
I am a complete novice so dont know if I am thinking along the right lines or not.|
From the RNS from 5th September
"Proposed capital reduction
The Company intends to seek the approval of both its shareholders and the High Court (the "Court") for a capital reduction, involving the cancellation of the Company's share premium account (the "Capital Reduction"), in order to create sufficient distributable profits to facilitate the future payment of dividends or other methods by which cash may be returned to shareholders."
Therefore, assuming the Gold price holds up, I'm expecting dividends to be paid in the future.
|Hi All, Is the advice department open? I don't quite understand the practical effects of the Capital Reduction.
Are there shares in Treasury that will be cancelled or are they authorised but not issued?
I have not encountered this phrase/action before.
|How do you work that out zhoc? I did some very quick research and I found that AAZ is projected to make 3m profit in 2016 with 40m debt, TSG to make £9m with barely any debt.Using only these basic figures TSG should have a mcap of at least 3 times AAZ yet it is only 52m v 30m.TSG the real sleeper for any investor looking for a leveraged play on gold. It won't stay at these bargain prices if gold stays at $1300 or above.|
|What is fair value? Mcap seems a bit high when compared to AAZ.|
|Yup, holding and waiting for value to be realised|
|Anyone still in this?|
|Great volume today. Come on tsg|
Added 20k at a premium 51.4p earlier (not showing yet)
will add more, gold and silver going into orbit.|
|Buy more at 54p then 👹|
|Major resistance broken 65p next stop imo
free stock charts from uk.advfn.com|
|This will go to a pound for the very patient. Not much free stock|
|Lintons, not invested here but looks like it's broken out from a small period of consolidation to me.|
|BREAKOUT BOOM along time coming come on TRANS|
|Will she or won't she,edging closer to breakout|
|Getting ready for lift off Tsg COME ON,wonder who the constant 11.5k buyer is lol|
|I'm buying more once she drops under 40 for a 2year hold,patience for Tsg Tom. Gold in a wee range between 1280 and 1370. So above 1370 we take off above46 and under 1280 we go back below 30|
|Not quiet what I was expecting I sold soon after,hoping to get a lower entry|
|Job figures US 1.30pm tomorrow will have a short term impact on gold lets wait and see|
|We need a close above 46 for a few days then next resistance is 76,consolidated for a while Tsg. If only she moved like hoc lol|
|Now there getting real let her go guys,way undervalued compared to peers|
|looking good LINTONS|