Share Name Share Symbol Market Type Share ISIN Share Description
Altyngold Plc LSE:ALTN London Ordinary Share GB00BMH19X50 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -3.50 -2.82% 120.50 13,424 16:29:45
Bid Price Offer Price High Price Low Price Open Price
119.00 125.00 120.50 120.50 120.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 21.97 2.44 8.24 14.2 33
Last Trade Time Trade Type Trade Size Trade Price Currency
15:19:24 O 177 120.04 GBX

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Date Time Title Posts
29/11/202118:45Altyn plc gold in Kazakhstan7,921
06/7/202108:43ALTYN -was Goldbridges 2,174
23/11/202014:07Altyn Gold Plc - gold production in Kazakhstan1

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Altyngold Daily Update: Altyngold Plc is listed in the Mining sector of the London Stock Exchange with ticker ALTN. The last closing price for Altyngold was 124p.
Altyngold Plc has a 4 week average price of 117.50p and a 12 week average price of 117.50p.
The 1 year high share price is 179p while the 1 year low share price is currently 98.51p.
There are currently 27,332,934 shares in issue and the average daily traded volume is 25,249 shares. The market capitalisation of Altyngold Plc is £32,936,185.47.
onedayrodders: I think you are right KS .. I just had a quick look at a couple of other small-mid / large gold miners, and their 1 year charts are not too dissimilar to ALTN. I was starting to think there is a cloud specifically over ALTN but not the case. Check out MAGNA Gold (V.MGR) this is company whose production is on track to generate $40-50m clear PROFIT in 2022. There mkt cap is $84m !! like ALTN, their 12 month chart shows no one is watching or caring. Even the giant BARRICK Gold has seen their share price sink 35% over the last 12 months. So agree it's a sector / sentiment thing ... when it turns it will move quickly but right now peeps are convinced equities just go up and the FED have everybody's back forever. Our time will come but we might need Gold $2000+ before people wake up a smell the coffee. ODR
goldenshread: The manipulation here is plain to see, it has been talked about often but the signs are obvious, namely a 'seller' always hitting the bid when the share price looks to move up and even more obvious the small 'bot' sell trades at the opening and in particular towards market close. I tend to agree with another poster that the Q&A session was revealing for a total lack of dynamic attitude towards the company valuation, when asked the CEO could only say that the broker valuation of £2.50p to £3.10p was independent, he could have said it shows how undervalued the company is and the BOD believe this to be the case etc. I was not convinced with the reply concerning the business being taken private, it would be beneficial for a low share price therefore, this was the case with Trans Siberian Gold recently with a very low offer by the major shareholder, if I recall 15% above the then depressed market price, again a broker note suggesting a near 70% upside target. Operational performance has been excellent as have profitability over the last 12 months, but no recognition by the market at ALTN ? I will not be selling, even if they are taken private a premium would have to be paid, if not the price of gold or operational performance should raise the price from the current level however slowly.
quinan: The average P/E for the S&P 500 range from 13 to 15 this is an AIM stock with good growth potential so therefore a 20 PE is not unreasonable. Going on the half year report and the current production we could be looking at £20 million profit before tax. Going on the lower PE ratio this would indicate a share price of £7 or market cap of £260m if we went for 20 PE then a share price of £11 or £400m cap. It would seem this is out of kilter with normal market conditions??
tim000: I read the report as forecasting a marked slowdown in eps in H2 2021, which doesn't seem to have any rationale - unless they're expecting pog to fall back sharply. If micro-cap share prices were rational, no-one would be able to identify and invest in multi-baggers. I'm pleased that ALTN's share price makes no sense.
goldenshread: So RennCap are forecasting EPS of 27c (20p) this year for ALTN (a 450% increase) and maintain a target range of £2.50p to £3.10p yet the share price is lower than when they were only making 5c a share ?? How to explain the current share price therefore ?
tim000: I’ve been buying again today. Many companies don’t comment on, or try to promote, the share price - they know if the business is managed well the share price will look after itself. All I know is that the interims will be excellent, the Annual Results better still, and that the management are achieving their targets. The share price will follow idc.
goldenshread: I truly wonder what the BOD think about how the market currently values ALTN, the appointment of Renaissance Capital suggested things were on the turn, the premise was they would observe the trading in the stock and soon after came out with a supposedly conservative target price of £2.50p-£3.10p We all know what happened since, over the last 3 quarters the company has delivered significantly improved numbers, both production and revenues yet the share price is below the level when the were barely extracting any worthwhile gold. It is a true farce, if ALTN directors were doing the rounds, namely online presentations and promotion then surely this anomaly would be the No 1 question from shareholders. I think the BOD must be hugely disappointed at the valuation and should rightfully question the worth of the broker who idly sits by allowing tiny bot trades to sink the stock price. Since their note last year there has been silence, why?? NB The above said ALTN share price can rise on nothing so all is not lost, the shares were £1.80p in May
pensionplanner: 1mad: If your view was correct, then it would never explain how the share price can tumble on a few sells, then on some occasions no shares available to be purchased, and no attempt to raise the price which is part of the price finding mechanism that is the Stock Market. Many have noted how on some occasions its been impossible to buy at all, and this cannot be just liquidity as its often occurred after a price drop often effected by minimal sales. Even Limit orders at a much higher price have often failed to get shares. Now in a rising market you could perhaps understand that, and again in that situation the share price is hiked to encourage more sellers to satiate buyers happy to pay more, but not when an share price has been hit by little trading, but where even those shares seem unavailable along with any others. on one occasion I as literally offered TWO shares, offers to buy at significant higher price were not even allowed and even brokers left wondering how they were supposed to buy shares for customers.
pensionplanner: I know conspiracy theories are frowned upon but the weird share price finding mechanism even in the face of good news suggests to me, this is being manipulated for either a takeover or to go private. Limit orders were not even allowed on this share recently. I did refer the share price 'action' to the FCA, which I know might be considered a waste of time, but something is awry with share price and with the brakes being artificially put on preventing buys.
pensionplanner: You can't expect the share price to rise, when they constantly limit or prevent purchases. They are content to drop the price as if there were major selling, even if there isn't, but will not lift the price to encourage more sellers. On one occasion I mentioned I was offered just TWO shares, and the same day share price had dropped considerably, yet they would not allow buys. Suspect someone has a good idea share price is too low and wants only sellers.
Altyngold share price data is direct from the London Stock Exchange
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