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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Goldplat Plc | GDP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.20 | -2.68% | 7.25 | 15:32:55 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 7.45 | 7.25 | 7.50 | 7.25 | 7.45 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 18/1/2025 12:12 by dangersimpson2 It seems like we go around in circles on this, so let me reiterate:1. All the signs are that Martin Ooi is an investor and has no desire to run this, nor the funds or willingness to take this private, at any price. 2. When you own close to 30%, there is no way he's selling in the market, which means for him to generate a return he either needs to receive dividends or engineer a takeover. 3. He can block a takeover, so this is only happening at a valuation that he is happy with. Probably needs 20-30p for him to consider selling now, given that he knows the cash generation and the potential value of the TSF, even if it has been slow going here. 4. MO almost certainly wants to receive a large and ongoing dividend stream, but when you have a big chunk of your wealth tied up in an investment, you want it to be run extremely conservatively. There is no way you risk killing the golden goose for a couple of golden eggs in the short term. Management have convinced him that in the short term, capital has been better off retained in order to make sure the business can adapt to a changing industry landscape. 5. Perhaps due to the conservatism, or because they are just not very proactive, management has made a number of missteps. For example, they seem to have bought generators in the midst of an energy crisis, believed a supplier who told them they could be delivered quickly, and that supplier has actually delivered them as the crisis ended. 6. With hindsight, this sort of thing may be poor decision-making, but none of this is because management is intentionally holding back dividends and wants to pay themselves salaries forever at the expense of shareholders. This is one of the things that MO's holding actually guarantees, and now he sits on the board, he presumably sees the cash flow projections. If he thought they could have paid a large sustainable dividend a while back he would have certainly made it happen. 6. Retaining capital to produce more gold bars instead of concentrate in Ghana is likely a very good move that frees up capital in the long term, even if it has a short-term cost. It is things like this that MO & the board see as maximising the NPV of the dividends that we will receive and minimising the risk in the business. 7. Other shareholders can gnash their teeth and try to force them to pay a dividend regardless of whether it is the best long-term use of capital, but at the end of the day, if MO says he'd rather they protected the long-term health of the business and maximise the dividends received over the long-term, they are going to listen and implement what MO wants. I say all this as a long-term holder who thinks a large and sustainable dividend should be possible to pay soon. However, given the underlying P/E is 2-3 at the moment, I'd also like to see a pretty big buyback implemented first. |
Posted at 05/1/2025 17:02 by napoleon 14th From Small Caps Live, 03/01/2025:Goldplat (GDP.L) This remains one of the cheapest stocks on the market, with a forward EV/EBITDA less than 2. Given that this company recovers gold from mine waste in Africa, many investors will think this rating matches the risk. However, this is very conservatively run, which is why the company has survived many challenges over the years. The bugbear of many investors is that these challenges have required the company to reinvest capital into the business rather than paying out dividends. However, with the planned capex now coming to an end, this should free up capital that can be directed to buybacks or dividends. Given the rating, it wouldn’t take that high a proportion of the operating cash flow to see a very material buyback or payout. This may finally lead to investors rating this more highly in 2025. |
Posted at 24/12/2024 17:25 by ih_692232 Moaning …or actually the expressed desire to see this company progress beyond what is has remained for well over ten yearsThe TSF is actually fraught with difficulty -they will be held ransom by the land owners of whom there may be many and a ransom will be claimed for the water supply And DRG will also hold goldplat to ransom So it is reasonable to expect that the TSF may not deliver for some years to come This is way the business needs to be run without the banana skin mentality of the past - far more careful investment and control of cash and an understanding that actually shareholders require a return on investment -as any investor does -and this is paid out as one of the prime responsibilities of the board - a dividend should be a prime responsibility -and paid annually no matter how small and profits permitting Alm |
Posted at 10/12/2024 17:01 by lowtrawler Looks like the excitement has now died down but left us towards the top of the trading range rather than near the bottom. I think it was useful to get others to sit up and take notice how undervalued we are. However, not many new investors seemed to hop on board - at least, none with deep pockets.I strongly suspect we will need a dividend / buy-back announcement to break out of the trading range. |
Posted at 05/12/2024 13:55 by lowtrawler shill10, we know there isn't much free float in the shares. Relatively modest volumes can have a big impact on price. We are still sitting in the 6p - 8p trading range where we have been stuck since April. It continues to be the case the price can be moved anywhere within the range and not generate volume.Despite today's RNS, we don't appear to have attracted any new deep pocketed investors. All it would take is a couple of large (1m) orders and we would be challenging double figures. As it stands, the MM's can stay in the trading range and we will be left waiting for the next exciting news for a break-out. |
Posted at 05/12/2024 10:13 by lowtrawler We are getting a bump from today's announcement jolting people into realising just how ridiculous the current GDP valuation is. It is no surprise to existing investors.A market Cap of 2x Pre-Tax profits. Sitting on over 100k ounces of gold waiting to be processed. Effectively debt free and with millions in the bank. If today's announcement can get more people to sit up and take notice, the share price may continue increasing into double figures. |
Posted at 05/11/2024 16:10 by lowtrawler With Q1 results due at some point over the next week, hopefully it will generate a bit more trading activity. Even measured against our usual thin trading, the last few weeks have been quiet.Trouble is, I'm not expecting any surprise announcements alongside the results. I would love to get positive news on the TSF and dividends / buybacks but believe it will not be until 2025 when these move. I'm not convinced that good trading performance will be enough to generate the excitement needed for positive share price momentum. Our best hope might rest with Werner's investor presentations and what future messaging he conveys. Fingers crossed I'm being overly pessimistic and some excitement is generated. |
Posted at 26/9/2024 12:44 by shill10 Lowtrawler, if you know anything about markets you'll know they are not rational, they are built on the hopes and dreams of investors...we've been through a brutal Gold Miner bear market, imo we are now in a bull market where share prices will vastly exceed rational valuations, for reasons like the above. |
Posted at 28/8/2024 09:36 by lowtrawler When I first read the RNS yesterday, I had to look twice. I thought they had mixed up the Q4 numbers with the annual totals. In Q4, excluding foreign exchange, Kenya tax and impairments, they made more profit after tax than Q1-Q3 combined. This is an incredible performance. The cash on hand is sufficient to meet all their planned investment and loan repayments. The cash they generate over the next year can be used to build inventory and transition towards a model where they pay miners up front.It is unclear whether Q4 was an anomaly or whether the higher operating profit will continue. Even assuming GDP revert to previous profit levels, after 12 months GDP should have a strong balance sheet and be able to reward shareholders. With cash generation roughly matching profits, I reckon they can safely return 50% to shareholders and reinvest the remaining 50%. That would mean a dividend of 1p per annum at previous profit levels or 1.25p+ at the higher profit levels. We need GDP to provide an indication of where they expect profits to sit over the coming years and set a policy for rewarding shareholders. In a world where investors have seen GDP squander profits and fail to reward shareholders, GDP need to change the narrative. They need to convince investors they will be rewarded and set an expectation of what those rewards might look like. In relation to the TSF. GDP have consistently failed to provide any detailed plan for delivery. This has allowed delivery to drift with shareholders left in the dark as to why and no understanding what GDP are doing to bring it back on track. It is time for GDP to publish a plan and provide detailed quarterly updates on progress towards delivery. It is the only way management can be held accountable. |
Posted at 27/3/2024 19:33 by swiss paul You have successfully registered for GOLDPLAT PLC - Interim Results which will start at 8th Apr 2024 at 5:30pm BST.You'll be able to enter the meeting up to 15 minutes before the scheduled start time. Meeting Date 8th Apr 2024 at 5:30pm BST Duration 1 hour About Investor Meet Company Investor Meet Company is a digital platform, that provides individual investors direct access to UK Listed companies for live, interactive management presentations. Thank you for using Investor Meet Company. Should you have any questions, please contact support@investormeet |
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