Anglo Asian Mining Share Discussion Threads

[mattjos] 12/12/2018 15:55

Xmas sellers just giving them away cheaply to buyer

[cinoib] 12/12/2018 15:42

£ now 1.2652 and still climbing, gold also on the run again at $1247+.

[sportbilly1976] 12/12/2018 15:29

if 90.8-91.9 the real spread then we've a nice large buyer getting filled currently :)

[s0lis] 12/12/2018 15:08

Sorry all. My comment was tongue in cheek and a prod at SPANGEL.

[jimbowen30] 12/12/2018 15:01

Forget Brexit, look at the fourth prediction:

Prime Minister Corbyn sends GBPUSD to parity!

[wanobi] 12/12/2018 14:55

AAZ - wot, still no seller today,,,, :-) cheers Wan

[mad foetus] 12/12/2018 14:52

And one day closer to JORC

[mattjos] 12/12/2018 14:45

May might win tonight's vote but the impasse in HoC remains & so JC option to call vote of no confidence in govt

[cinoib] 12/12/2018 14:13

I don't know which site you lads are watching the currency movement but mine shows the £ rising very fast from this mornings low was 1.24 is now 1.261. 8.6 against the rmb now 8.68 and looks like the dows about to open up 350 ish.

[terropol] 12/12/2018 14:04

SOlis
The company stated it will pay the shareholders 25% of free cash flow.
SPAngel will have a rough idea but will not know the exact amount as it will depend on production results. But if we get 5% dividends I say that is good. Any more would be Brilliant.
If the share price doubles...then % yield not that important.

[jbravo2] 12/12/2018 13:49

:D
I think this all stems from a bit of confusion on their part (surprise surprise), or perhaps on the interpretation taken by some.

The dividend PAID IN 2019 will certainly be more than double PAID IN 2018 as only one dividend was actually handed over in 2018

Paid in 2018 = 3c

(my estimates)
Paid in 2019 = circa 3.5c for last half of 2018 + circa 3.5c for first half of 2019


However the dividend PAID FOR 2019 certainly won't be double that PAID FOR 2018

2018 = 3c + 3.5c
2019 = 3.5c + 4c

(all my estimates except the 3c in 2018)

[s0lis] 12/12/2018 13:30

I thought SPANGEL had been forecasting a doubling of the dividend in 2019 ? They are now only forecating a 2% increase. Perhaps they forgot the full stop last time and read 2.00 as 200 % ??

[mattjos] 12/12/2018 11:48

Yes gutter head ... beyond me why we are not yet 120

[gutterhead] 12/12/2018 11:30

Matt, 6p div would be lovely and at 4% yield from a share price of 150p would still be respectable

[sportbilly1976] 12/12/2018 11:23

..perhaps a forerunner of their updated note?

edit: emailed SPA to be added to distribution list ...updated note would appear to be coming post JORC statement release to the market

[terropol] 12/12/2018 11:00

SPANGEL put us with the big boys in this morning note....
Brexit is a local UK issue for a Mining sector perspective

Thankfully the rest of the world has other issues to worry about
Eg. Trump Tariffs, Italian Debt, US Interest rate hikes, currency volatility, the end of QE and liquidity in global markets etc….
UK Pension funds need to buy and hold Miners and other US$ earners or they risk significant underperformance.
Dividends from the major miners look strong with dividend yields of:
Rio Tinto 6.1% 2019, 5.8% 2020
BHP Billiton 8.8% June 2019, 5.9% June 2020
Anglo American 4.8% 2019, 4.8% 2020
Glencore 6.3% 2019, 7.0% 2020 – dividend may be affected subject to US DoJ investigation
Anglo Asian Mining* 5.2% 2019, 5.3% 2020

[2sporrans] 12/12/2018 10:59

who the heck wants May's job?

if she goes, the door opens wider for a GE and corby for pm.

both prospects will sink the £ further.
all the merrier for crimbo rally, in non-£ earning assets.

[jbravo2] 12/12/2018 10:59

Another day, another 200oz
:)

[mattjos] 12/12/2018 10:16

dread to think what is going to happen to the £ if May loses vote this evening.
Would certainly push gold over £1,000/oz.
We could be looking at nearer 6p dividend next year at this rate.

[mattjos] 12/12/2018 10:13

real spread is 1.1p and the Bid is nearly 2p above that indicated

[jimbowen30] 12/12/2018 10:00

Chinese gold holdings will cause a big move up in gold imo:

[bumpa33] 12/12/2018 09:58

thanks Wan, my UK trading is probably done, unless something interesting crops up during the day. Will see what the US brings later

[2sporrans] 12/12/2018 09:53

chrimbo rally anyone?

for equities / risk assets generally that is.
aaz enjoying one since early sept.

been selling on the rises all year - esp. growth + cyclicals; bought
on the dips - increasingly defensives.
morseso, built up a very high cash reservoir.

to extent we get a santa rally, i'm going to cash it.

buying dips here is one of vanishingly few plays i have any appetite for.


the essential global prognosis is starkly simple for once:
slowing growth will slow further.

[wanobi] 12/12/2018 09:49

ok Bumpa, you have a formula that works for you so that's fine, I was just concerned for you, that's all....:-)

I fully understand your frustration with your neighbour.....

I wish you a successful trading day Bumpa, cheers Wan