Goldplat Share Discussion Threads

[pog1234] 18/9/2017 08:03

All in all very good results.

Only a couple of negatives in my view (things not already known).
They will have to work on keeping South Africa at the current profit level (harder to source material) and cash flow is negative was it not for the borrowing. However, the negative cash flow was "due" to investments and will be positive this year when Kili delivers.

[sea7] 18/9/2017 08:02

yep, that is right, kili is not much of a negative looking forward, however, from the point of view of the accounts, it still sat there as an historic negative, which is why I included it in that part above.

[michaelfenton] 18/9/2017 08:00

kilimapesa not much of a negative now operating profitably after many tears as a huge drain on Goldplat. Present management concentration on turnaround has proved successful. All loss makers either turned around or disposed of. I am more than happy as regards to the future.

[sea7] 18/9/2017 07:50

a few negatives to note...

south Africa..

The 36% increase in net profit after tax was partly due to an 19.6% lower average Pound Sterling used to convert the South African Rand results in FY 2017 versus the prior year.

Ghana

The previous zero tax rate enjoyed as part of the Free Zone status ceased in December 2016 and the Company is currently subject to a favourable tax rate of 15%.

kenya,

The Kilimapesa gold mine reported a net loss of £1,100,000 (FY 2016: loss of £711,000) for the year under review. An increase in unrealised foreign exchange losses of £177,000 on intercompany payables contributed to the increased loss. As in South Africa, the increased net loss was partly due to an 14.2% lower average Pound Sterling used to convert the Kenyan Shillings results in FY 2017 versus the prior year.

contingencies

We are pleased to report that the preliminary enquiry into the tax affairs of Kilimapesa by the Kenya Revenue Authorities have been substantially finalised. Of the original preliminary assessment of £1,288,540, £55,000 has been paid and £51,000 still remains under dispute.  

Trade and other receivables for the Group include a balance of £812,000 (FY 2016: £556,000) of Value Added Taxation receivable from the Kenya Revenue Authority. Of the current balance £472,000 is older than 3 years. Despite clear provisions in the Kenyan Legislation regarding the recoverability of VAT, and two audits and continuous consultation with the Kenya Revenue Authorities the balance due remain outstanding. Management is of the opinion that there is no legal reason not to recover the balance due.

The process of investigation agreed with Rand Refinery was completed during the period, but no agreement could be reached between the two parties. GPL initiated legal proceedings against Rand Refinery on 11 September 2017 to recover ZAR 13.5 million (approximately £792,000 at 30 June 2017) plus interest due. Management remain confident that the balance will be collected.

[sea7] 18/9/2017 07:43

results out.

net current asset value increases to 2.62p per share, from 2.11p per share in 2016
p/e on continuing operations is 7.6 at current prices. (excl minorities)

net working capital position increased to £5,647,000 of which £2.65m is in cash/cash equivalents. In 2016 this figure was £4,586,000 of which £2.1m was in cash.

[1rodson] 17/9/2017 15:26

I recall that too S7 the tipsters, brokers and finial press were all misled by the crooked GOLDPLAT board and were calling for 30pplus as were many others.

You really should bo better research.

BUT THEN RAMPERS NEVER RESEARCH.

NOT MUCH MORE TO SAY ON THIS POINT AS THE FACTS ARE CLEARLY THERE FOR ANYONE TO FIND.

[sea7] 17/9/2017 14:56

Yes and miller was calling it to go to 30p, when he was buying at 16.5p - the stock collapsed afterwards - you were wrong there as well miller

[kimboy2] 17/9/2017 10:26

DanielMiller1 21 Jul '15 - 16:46 - 75 of 3014 0 0
1.50 hit today just asSand (sic) said it would. This dawg (sic) is not going anywhere for years SELL, SELL SELL,

Look at the price 2 years on from your forecast. You have been completely wrong Dan.

[1rodson] 17/9/2017 10:10

I don't believe that is right. Dan told me to sell at 11p the post is still there.

It was suckers who did not believe Dan when he called 2p

That the truth of the matter and its here for all to see?

ANYONE THINKING OF A PUNT HERE YOU HAVE A CHOICE DYOR AS IN READ MILLER's back posts, OR LISTEN TO TWEEDLEDEE AND TWEEDLEDUM.....aka KIMBOY and S7

[sea7] 16/9/2017 14:41

yes, the past cannot be changed. Goldplat had some issues, put out a profit warning, suspended the divi, miller lost a packet, has whinged about it continually and is still grinding that axe.

[sea7] 16/9/2017 14:36

miller and gibberish go hand in hand.

The clown is regurgitating information that is over a year out of date and no longer relevant to the current position of the company.

[kimboy2] 16/9/2017 14:07

Yes I remember it. Various factors neccessitated a profit warning and you lost another packet.

Such is life.

[1rodson] 16/9/2017 13:43

COME COME COME MY DEAR LITTLE CHAPPIE GOLDPLAT SAID ABOUT THE SAME A FEW YEARS BACK.

WENT ON TO PUBLISH GOOD RESULTS, ISSUE A DIVIDEND....AND THEN BANG WITHIN A SHORT TIME A PROFIT WARNING.

IS IT ANY WONDER GOLDPLAT IS NOT A TRUSTED COMPANY?

[kimboy2] 16/9/2017 12:39

No idea what all that gibberish means but GDP have already told us that results are ahead of market expectations.

Unlike Dan who is unfortuantely performing to market expectations.

[1rodson] 16/9/2017 12:27

goldplat due to report on Monday. I hope the results are better than these.

Goldplat – “not yet in a position to advise” on results for its year to 30th ...
hxxps://www.shareprophets.com/.../goldplat-not-yet-in-a-position-to-advise-on-results-...
Goldplat – “not yet in a position to advise” on results for its year to 30th June. Hmmm… By Steve Moore | Monday 11 July 2016 ... While it emphasises this is not expected to have a significant impact on the business, it “will have ... ahead of further financial information from the company, I can only, at best, currently have the ...

[kimboy2] 16/9/2017 00:03

Results on Monday hopefully

[1rodson] 15/9/2017 22:33

Thats your big problem S7 you turn you back upon reality. I have no doubt none whatsoever that the day is fast approaching when all of today's' snug smug Brits will be facing the co,d of desolation and in their de spare will be wishing that they had listen to people like Pat Condell


You are obviously either by choice or ignorance not aware of the state of London, your capital city of today

[sea7] 15/9/2017 16:38

I have no interest in watching puerile clips such as that.

[sea7] 15/9/2017 16:37

like I said, you are miller, we know it, you know it. As to why you persist with the lie is plain stupid.

[1rodson] 15/9/2017 16:32

oh how silly can you be, you pathetic little thing Dan is on his boat somewhere according to his last past

anyway market closing down to the country for the weekend. don't forget to study the Condell clip with your disposition you will probably shvt yourself.

[sea7] 15/9/2017 16:30

you are dan - stop lying - we know the truth, billy

[1rodson] 15/9/2017 16:29

tell Dan himself when he gets back meanwhile stop being paranoid it will kill you in the end,

[sea7] 15/9/2017 16:26

like I said earlier - liar miller.