Anglo Pacific Share Discussion Threads

[neilyb675] 11/11/2014 15:53

bolador

strong buy rating



do you understand that ???

[bolador] 11/11/2014 09:52

Neilyd675

Not quite sure who you are addressing but since I suggested that an share price of 137 looks about right on what we know of the nav there does not seem to be any overshoot at 137p. On second thoughts perhaps a much deeper discount to nav should be applied after the accumulation of bad news. It could certainly be that the share price drops back to the old low in the absence of constructive news, but the big question is what prompted Liontrust to pick up over 12% of this stock in the market ? I hope these thoughts are not too difficult to understand.

[neilyb675] 10/11/2014 18:42

137 is not 147 - like I said overshoots, do you understand that ?

[bolador] 10/11/2014 17:39

Fifteen million GBP divided by 117 million shares is 13 p a share.
NAV by back of envelope guesstimate was 160p before Isua, thus nav now 147. Suggest share price is about right. What is it that Liontrust can see ?

[neilyb675] 10/11/2014 17:22

already over-discounted ....imvhpo, imvhpo the market took too much off, it over-shoots in both directions.

[quepassa] 10/11/2014 16:38

We are not talking about the contribution to earnings, we are talking about the balance-sheet and assets of the Company taking a £15m hit in the form of a major impairment charge. They are writing down the value of this asset.

That affects the NAV per share. And the share price is partly determined by the NAV per share.


ALL IMO. DYOR.
QP



ps.. on that basis, it seems to me in my view that Isua won't make any contribution to earnings in the near-term NOR THE LONG-TERM.

[neilyb675] 10/11/2014 16:29

Isua was not expected to make any contribution to earnings and cashflow in the near future prior to this impairment.

[quepassa] 10/11/2014 16:27

There you go.

An IMPAIRMENT CHARGE of a WHOPPING £15m on Isua.

That'll be a significant hit to the NAV per share.


And JUST look at the ROYALTY RELATED INCOME for Q3 2014. A paltry half-million pounds down by a breath-taking 85% compared to the £3.2m for Q3 2013.


The growing amount of wriggle-room on the dividend policy is now obvious : "subject, amongst other things, to market conditions, the level of royalty income and proceeds from the disposals of non-core mining and exploration interests."

Pretty dire results in my view. An 85% drop-off in Q3 income compared to 2013 Q3. An impairment charge of £15m.

ALL IMO. DYOR.
QP

[neilyb675] 10/11/2014 16:03

Julian Treger, the Chief Executive Officer of Anglo Pacific, commented:



"The Company was pleased to see the achievement of first production from the Maracás vanadium mine and the Four Mile uranium mine, increasing the Group's royalties over mines in production from three to five.



In addition, the Board is committed to maintaining the absolute level of the dividend and increasing it when appropriate, subject, amongst other things, to market conditions, the level of royalty income and proceeds from the disposals of non-core mining and exploration interests.



We are pursuing a number of royalty transactions over producing bulk material and base metals mines and will update the market on these as and when appropriate."

[neilyb675] 04/11/2014 21:45

BRCI absolute beauty and mega-bargain at the mo.

[fabius1] 04/11/2014 20:52

Thanks gents. As a footnote, if we are looking at IT's, we should include BRWM & BRCI which are nosing around 6% and more relevant to our neck of the woods too.

[neilyb675] 04/11/2014 15:37

oh look some free shares......143.40, ya beauty

[neilyb675] 04/11/2014 15:36

RCTurner2
4 Nov'14 - 09:33 - 6790 of 6797 0 0 (Filtered)




RCTurner2
4 Nov'14 - 13:03 - 6793 of 6797 0 0 (Filtered)



RCTurner2
4 Nov'14 - 13:05 - 6794 of 6797 0 0 (Filtered)



RCTurner2
4 Nov'14 - 14:53 - 6797 of 6797 0 0 (Filtered)

[rcturner2] 04/11/2014 14:53

They have different lists so there is one for investment trusts that includes pey.

[quepassa] 04/11/2014 13:16

It is based on two things

Highest prospective yield (20.8% to 7.5%), and

Highest and Lowest Dividend Cover (6x to 0.1x)



ALL IMO. DYOR.
QP

[danieldruff2] 04/11/2014 13:12

Have one or two of those. Always confuses me why some get missed off. I hold CIFU which yields about 11% but is in USD and PEY which yields almost 8% but is in EUR - PEY also on whopping 20% NAV discount.

[rcturner2] 04/11/2014 13:05

The Shares list is based on highest prospective dividend yield.

[rcturner2] 04/11/2014 13:03

The Shares magazine list is:

ACHL, DLG, HGM, CUP, HSD, GLIF, BNC, CAMK, GVC, LRE, BKG, GRA, MRW, BRIT, SAL, REDD, HNT, ADM, APF, CTO.

[piedro] 04/11/2014 12:38

NTA/NBU/EHR/HGM/SIA/CMX/CUP/AIP/CTEK/SAL/
HSD/BBY/ASY/REDD/TSCO/MRW/CAMK/ANTO/DLAR/BKG/
HNT/GVC/LAD/CTO/CLIG/CCAP/APF/ALY/BNC/PHNX

... TOP 30 BY YIELD
APF (27)

Sorry, not IC list

[fabius1] 04/11/2014 09:35

QP - Any chance of copy & paste. I don't subscribe. Much appreciated.

[rcturner2] 04/11/2014 09:33

QP, any chance of listing all 20 pls?

[quepassa] 04/11/2014 09:25

This week's edition of Shares Magazine. Current edition.

Pages 30 and 31 give a Table of 20 highest yielding shares on UK stock market together with Dividend Cover. Anglo-Pacific features in the table.

It is interesting to compare the dividend and Dividend Cover of the various companies detailed by Shares magazine in this table.

Worth reading in my view.

ALL IMO. DYOR.
QP

[neilyb675] 03/11/2014 18:07

Yield ONLY 7% now....!

[neilyb675] 03/11/2014 15:39

mmmmmm UP SHE GOES