Goldplat Share Discussion Threads

[sea7] 25/8/2016 07:47

Dan - go back to your fantasy trip to cuba on your fantasy boat, with your fantasy friends. You said you would not post here until october 1st - yet another lie, on top of all the other lies that you peddle.

[kimboy2] 25/8/2016 06:35

Also cash flow should be fairly decent allowing them to get these elution towers up. They perhaps bring in £600k each. Then there is Kili, if they decided to go with the upgrade themselves, which may be another £2m profit.

Then there is South America.

If some of that happens then 20p won't seem as pie in the sky as it once did.

[dangersimpson2] 25/8/2016 00:01

With Q4 likely delivered £1m PBT and little to no seasonality in GDP's business then central case for 2017 should be £4m. If they can get the TSF into production at the half year that would be £0.5m additional plus £250k CIL = £4.75m PBT = £3.5m PAT for 2017. Maybe £6m PBT = £4.4m PAT for 2018 with full year contributions of TSF & CIL plus a bit of extra operational improvements. So a 2017 P/E of 2.9 and 2018 P/E of 2.3. P/E not always best way to value companies like this but does show what good value GDP is. Also lots of moving parts between now and then but one can always hedge gold exposure and FX if desired. 2nd best risk/reward on UK market IMO.

[danielmiller1] 24/8/2016 23:45

Yes sir keep buying please the MMs love all gullible punters.

[maybesum] 24/8/2016 21:37

Yep ... and this sucker is going to be buying a lot more,... as the share price will be heading higher and higher twerp.

[danielmiller1] 24/8/2016 21:17

Yep it does look cheap if you can believe the figures and the figures will not be subjected to their usual adjustments.

Also it my look cheap but today's falling back of the share price does not support your views Botboy!

[michaelfenton] 24/8/2016 20:03

DD4 - about the accounting re RR dispute - As the situation is unresolved the BOD have to state "accounting adjustments which may arise from the dispute" as the situation is presumably in the hands of the lawyers. Personally I wish they would make the adjustments to the accounts and if they do eventually get some money that will be a bonus.The good thing about the RNS is that atp least we know profits are ramping and a one off write off will not have serious consequences.

[discodave4] 24/8/2016 19:07

Take my hat off to you KB2, your numbers were spot on.Probably be shot down, but not getting too carried away with the share price action today, loads of profit taking and the bid only ended up just over +4% at close, despite today's good news. Its still 9% below where it was prior to the news about RR. So I'm still hanging on in the hope more upward movement is to come on further good news - if not nothing has changed much for me.Their clearly trying to drip feed bits of good news prior to confirmation of the bad news on the 26th Sept?, which is ok with me if it keeps the share price going in the right direction until then.Happy to eat humble pie if my shorter term strategy/view was/is the wrong one but the RR saga is far from over IMV. Wasn't that long ago most on here were saying it was going to be resolved very quickly and in GDP's favour, that was also the message from the BoD. Now it seems to have changed to it is more likely to be written off - "accounting adjustments which may arise from the dispute".DD

[sea7] 24/8/2016 18:18

Goldplat's business has momentum behind it now, whereas for at least the last three years, it was simply meeting resistance in the form of all the headwinds it was facing. A forward p/e of 4 is an undemanding level and is likely to attract those investors who will only buy once problems are resolved and can see that the business is starting to do well again and the share price is likely to follow.

[kimboy2] 24/8/2016 18:07

A forward p/e of 4 looks cheap to me. I suspect it will to more people after the next RNS.

[danielmiller1] 24/8/2016 17:59

MAN WHERE DO THEY FIND THESE SUCKERS HE MUST HAVE BOUGHT AROUND 7P

MaybeSum24 Aug '16 - 15:14 - 2657 of 2658 0 0
Clearly GDP are on the way up in terms of profitability and now is a good time to buy in with the gold price rising ... the company turnaround is definitely taking place and so bought more today in expectation of a return to 8-10p soon.

[kimboy2] 24/8/2016 17:41

We know H1/16 PBT was £395k.

The PBT for Q3/16 we can calculate at about £600k. That would indicate a PBT for Q4/16 of about £1m.

The breakdown for Q4/16 may be;
SA - £1.1m
Ghana - £0.18
Kili - £0

This rate would be a post tax profit to GDP of about £2.25m and put GDP on a prospective p/e of 4 for 2017.

A couple of things on this. Firstly developments are continuing and the CIL is due around Christmas. This may add £750k pa profit. Hopefully the stock dam will also be producing soon which may produce a profit of over £1m pa.

Secondly profit momentum is increasing as past investments are bearing fruit. There may be more to come.

Anyway a good update and confirms what was suspected. It at least indicates no contagion from the RR problem.

The next RNS may be more interesting.

[sea7] 24/8/2016 16:30

You talk so much garbage miller, it beggars belief.

Perhaps one day you will wake up and realise what a complete tool you have been and the reality will hit you, that all those that you have spun your garbage to, are in fact laughing at you behind your back and that includes those who know you personally.
They are lying if they say otherwise.

[sea7] 24/8/2016 16:02

I thought you were not going to post until october 1st, as you and a few mates were taking a schooner to cuba.

Full of it as usual miller and you can not even get your facts right here.

[danielmiller1] 24/8/2016 15:53

Well 2million gross, that was expected according to kimboy's assessments.

However Kimboy was looking at the business "as is" ie under everyday working circumstance.

What was not taken into account was the rising gold price and currency weakness.

Therefore removing the increasing price of gold and assuming the reverse in currency valuations then what we have is a struggling company facing grave financial problems.

Once this sinks in the share price will retract!

Also I understand that in order to boost its lack of working capital GDP are considering a high risk project. Hold on to your seats folks this looks interesting!

[maybesum] 24/8/2016 15:14

Clearly GDP are on the way up in terms of profitability and now is a good time to buy in with the gold price rising ... the company turnaround is definitely taking place and so bought more today in expectation of a return to 8-10p soon.

[sea7] 24/8/2016 14:46

proactive view...

www.proactiveinvestors.co.uk/companies/news/122798/goldplats-turnaround-gathers-pace-122798.html

extract..

Cash inflow

It’s helpful, of course, that this is a company that is generating cash and likely a lot of it given the strength of the second half performance.

[sea7] 24/8/2016 14:39

An unexpected and brief update.

This does mean that kimboy was spot on with his assessment and it was at the lower end of my range of £2m-£3m.

Still, notwithstanding the rand issue, it does look as though we were all in the right area, with regards to our expectations.

The "market expectations" in the VSA note were way understated.

Since listing goldplats profit/loss before tax (to end june each year) is as follows...

2015 - loss £796k
2014 - loss £248k
2013 - profit £207k
2012 - profit £5.24m
2011 - profit £3.42m
2010 - profit £1.94m
2009 - profit £2.40m
2008 - profit £1.62m
2007 - profit £751k

This figure of £2m to end june 2016, putting the one off rand issue to one side means that we have finally emerged from the woods and are seeing levels of profitability, not seen since 2008/2009.

Back in July 2008, the share price was 9.5p, gold was starting its climb up.

We have a lot more to come and we have nearly two months worth of revenue already booked since the end june.

[wigwammer] 24/8/2016 14:34

"Consolidated profit before tax"So reading between the lines I assume they mean consolidated profit before tax.

[flyingswan] 24/8/2016 14:00

Kimboy2...What will Goldplats PE Ratio be with these new figures from today's RNS?

[russman] 24/8/2016 12:38

I am not familiar with the term net profit before tax. Do GDP mean Gross Profit.

[pog1234] 24/8/2016 12:31

Kimboy, I agree that it is interesting that GDP has released an update on an update coming in the near future. For me this could only mean that they are waiting for positive news. The RR issue is already known and is negative, so here it is only an upside or status quo. And I believe the company has to mention a big risk that has surfaced when it becomes known, no?

[kimboy2] 24/8/2016 12:04

DS
I think (but not sure) that the finance costs will work so that they actually increase the operating profit in H2/16.

You are of course right about the Q4/16 figures giving a much higher run rate.

Still interesting as to why they didn't do a full update. It may be that they are waiting government approval for somewhere to dump the stock dam tailings, and it is imminent.