Share Name Share Symbol Market Type Share ISIN Share Description
Goldplat LSE:GDP London Ordinary Share GB00B0HCWM45 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.375p +5.56% 7.125p 6.75p 7.50p 7.125p 6.75p 6.75p 167,832 12:51:53
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 31.7 -1.0 0.2 35.6 11.93

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Date Time Title Posts
18/11/201718:26GoldPlat - Gold Panning with Dan3,613
15/11/201713:18Goldplat - Profitable Gold Recovery Business4,703
24/7/201710:57Goldplat - Found Niche in the Gold Market12,054
21/6/201721:18GoldPlat - gold producer with a difference434

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Goldplat Daily Update: Goldplat is listed in the Mining sector of the London Stock Exchange with ticker GDP. The last closing price for Goldplat was 6.75p.
Goldplat has a 4 week average price of 5.88p and a 12 week average price of 5.50p.
The 1 year high share price is 8.13p while the 1 year low share price is currently 5.13p.
There are currently 167,441,000 shares in issue and the average daily traded volume is 95,845 shares. The market capitalisation of Goldplat is £11,930,171.25.
camerongd53: Based on past experience, I think there is a good possibility that the price will drop back next week and think it may be a good wager if on the right terms. However I think it is a better wager that in 3 months after the interim results and more so after the next annual results that the share price will be much higher. I believe the current share price only reflects last years results and takes no account that Killi will probably not be loss making - this is £1million tax free increase in profits that is not in the current price. Also any improvement in the recovery operations is in the current price for nothing. My wager is on the share price rising (irrespective of any dip next week) as I have a reasonable shareholding. I will treat a significant drop in price as a chance to buy. I think that shorting for longer than next week is extremely risky in that I believe as stated above that the share price sometime possibly in the near future will rise significantly with no major falling back. If the price does not drop it is a wasted bet and with a massive risk on a medium term rising price
dinky00: Great interview by Gerard Kisbey-Green again. The broker needs to do a roadshow and get him in front of institutional investors, he's very capable and would undoubtedly sell the story better than what is being done at the moment. GDP share price could easily triple over the next couple of years, what institutional investor would say no to that.
shareholder7: I am 110% in agreement with DD as there have been ongoing contractual issues at GDP, lack of pure commercial awareness, for a very long time.One thing Gerard did was to make sure no stupid deals were done when he came on board. Supposedly However the RR deal was done on his watch and the project manager was Hansie RR have a load of material they were going to give to GDP once this was was doneInteresting as most posters have now agreed that there is a lack of material in SA but RR have tons just next doorIf GDP could have managed this deal well, more would come and the share price would have been well over 10p now Imv DD and me would still be holding RR issue has much more effect than the figures people are quoting as if GDP lose there will be costs plus a tremendous loss of good willAlso the contact process will now be publicly looked at as part of the court case. Why should people send stuff to GDP if they are going to be cheated Only time will tell but the market is in agreement with DD and me, this is what the share price is saying Once the outcome is know the share price will be going in one or the other direction depending on the result RR and GDP should have been a marriage made in heaven but totally screwed up now
sea7: tks for your comments KB, My view of the p/e range for goldplat is that the market generally feels, through the historic performance, that a share price which reflects the fact, that it will take 5 to 7 years at current levels of profitability for the company to have generated profits which equal the current mcap, is about as much as it is willing to pay. As soon as we go above the 5-7 range, the stock becomes pricey in the eyes of the market from a stock trading perspective and the share price drops back. If we assume that they can maybe squeeze another 8k ozs out of the business per year in its current form, taking it to the 50k that Gerard spoke of, then it would imply that once the "easy win" of the reflection of the turnaround at Kili has been accounted for, then we would probably be seeing and additional £1m on the figures. Could be more, could be less. This would give us around £3.3m of profit, excl minorities based on results to date. For the stock to be in its ususal 5-7 pe range, the above profit would put us on a share price of 13.8p. This is scenario planning, with regards to what I think this stock is worth, which is always on the conservative side. I am always looking for the weakest case when assessing the value of the stock from the point of view of p/e ranges and share prices. This is simply because earnings are notoriously difficult to predict, can be lumpy and change for any number of reasons. The stock may indeed creep up over the months, it may not, however, since the day that this stock listed, excluding the loss making years and taking into consideration the way it traded when all the issues had not surfaced yet, it has always, on average, stayed in a p/e range of 5-7 based on the last set of numbers that came out, for a significant portion of time. It only increased as we headed towards the next set or started to drop off as earnings started to drop. Gerard may have a new acquisition by next june for all we know and earnings may be a bit higher, they also may be lower as the cost of an acquisition may be eating away at the profitability and he may have used a debt/equity package with warrants as sweetners on a deal, which will impact the calculations. As there are plenty of unknowns to play out yet, I always err on the side of caution in illiquid, aim listed stocks which are emerging from a few years of issues. We had the easy run up in the share price from 1.75p to 8p and then the retreat to 6p today. The push to 13p won't be as easy, as the easy wins are gone and we now have a much harder job of moving up. We may have a pretty good idea what the profitability may be, what the company is planning on doing and what we think it is worth, however, the market is valuing goldplat on its trading performance and giving it a p/e of 5-7 and the subsequent share price which reflects that and not a price which reflects asset valuation plus trading performance. If the market was valuing goldplat correctly, which included assets, we would see 13p for the assets plus 6p for the current trading performance for a p/e of 5-7, this would see us at around 19p per share. If we allow for the market to value the stock at expected 50k ozs produced and £3.3m excl minorities profit, then we would be at a value of nearer 27p, which is assets plus expected trading performance and ensures a p/e of 5-7 is maintained. The market hasn't valued goldplat like that ever. I had monitored share price performance in this stock against the net asset value ever since april 2007, at its best it would have traded close to or above net asset value on odd occasions. More often than not it used to trade at about a 10% discount to NAV. I stopped monitoring it when the company went into loss making territory and stayed there. As we have moved out of that now and the company is moving in the right direction again, for the first time in over five years, I have started looking at this again. The NAV is 13.8p. For Goldplat to trade at a 10% discount to NAV we would need to see a price of 12.5p. Allowing for the expected p/e of 5-7, a 10p share price seems about right for next year on a not much changing, base case scenario and the fact that this company is still regaining the trust of the market, after Demetri walked out in September 2012.
sea7: The point is that this company has, historically always returned to a p/e range of 5 to 7. Even when Goldplats share price was 16.5p, the p/e based on the 2012 figures was 6.22, the profit for that year was £4,467m, excl minorities. When we look at 2011, the share price in feb and november was 11p, the p/e based on this share price was 6.79. Profits were £2.728m, excl minorities. going back as far as 2010, we had in feb a share price of 10.5p, with less shares in issue, circa 111m, the profit, excl minorities was £1.534m, this gave us a p/e of 7.65. What this tells us, is that despite profitability fluctuating over the years and numbers of shares in issue changing, with a variety of different share prices, before the company started registering negative p/e's, we regularly saw the p/e in a range throughout the years of 5-7. If the stock went either side of this range, it would soon enough trade back within it. Whilst we know that there is no specific reason why the 5-7 range is where goldplat trades, it just seems to. If this continues, then assuming no further increases in the number of shares in issue and an additional £1m profits, expected going forward, at least, then we should be thinking of around £2.3m profits, excl minorities for end next june. If the p/e range holds true, then a p/e of 7.28 would equate to a 10p share price. If no acquisitions are made, no progress on the TSF, no progress on the rand dispute, then we should, based on current performance and expectations, be on a share price of 10p, by next June. Whilst that does not seem like much, it still indicates a 65% increase in the stock, in about 9 to 12 months.
camerongd53: It is good to see proper issues being discussed on this website. There have been reasons stated today why the share price is not higher. Some of these are historic and many were before the time of Gerard K-G. I suspect that GKG could probably have been the saviour of GDP. Under his leadership many legacy issues have been resolved. There are a few remaining such as more exploration expenditure which may have to be written off. Kenya is not the ideal place to do business and they could follow Tanzania in abusing foreign owned assets. The diluted eps figure (which now appears to be correctly calculated) for continuing operations is 0.73 pence per share. Next years accounts will see the removal of losses from Kili being replaced by profits, and increased profit from Ghana and possibly SA. It is possible that ongoing eps could be 2 pence per share. This would mean GDP would be on a PE ratio of approx 3 on todays price of 6p. For a company that is starting to demonstrate that it is 'wellish' run, I think it is too cheap and in my opinion is a medium term hold. The share price used to be 16 pence and GDP is probably better and more robustly run now. Yes there are a lot of issues and challenges, Africa, gold price (maybe), Rand Refinery (which is BEE contributes 27% of any potential loss) etc. All companies have them but they are more conspicuous in GDP because of its size. Because of RR's size the disputed balance is probably not mentioned in their accounts as it is not material. When the share price was 1.5p it was a matter of faith in the survival of GDP. Holding them at 6p is I think a matter of faith in the potential of the company being achieved.
shareholder7: It's interesting reading all the posts on BB's about GDP and everyone is asking why is the share price so depressed even after all this great news and results.No one wants to face the facts but just keeps posting positive rhetoric plus quoting what Gerard is saying but the share price does not move Well here are some reasons1. The market does not like the move into Gold mining from its core business of gold recovery. 2. The whole situation in Kenya could change if the mister of mines changes . Currently as Gerard says they have a very very good relationship with him ( interesting IMV why this is?) if he gets kicked out what then, as GDP is the only gold miner in Kenya to date 3. RR, do look on their web site they are the largest gold refinery in the world and they have 75 % of all African gold refinery and they are just next door to GDP. Now GDP they have to send materials to Germany GDP are taking them on in the courts but I have posted enough on this 4. Moving the focus of the recovery business to Ghana to make more money (good move imv ) as the SA operation is only 70% owned by GDP so the focus now is getting material from South America to Ghana However minority shareholders in SA ( the main assets for GDP) now have a board that does not have their interests at heart as when Ghana is up and running material will be switched there 5. Material is drying up in SA as the major share holders of RR give less materials to GDP may due to the RR issue. Plus RR do compete with GDP as per their web site 6. Write off of nearly £1m of assets with possible more to come 7. Lack of new investor. Fidelity or other major investors just need to give up and the share price will tank 8. Risk of doing business in Africa reduces the EPS in general Sea 7 is the only poster that has a balanced view I keep posting as I was one of the shareholders that bought at 16 but also at 2 p and got luckily to sell out at 6 some time ago now, but I am still very interested in this share as I have a long history with it There are many people that are facing losses on this share as few bought at the bottom It would be nice to see more balanced posts as the only other poster I agree with is Sea and DD who I am sure, like me, keeps an eye on this as a past shareholder Oh and I forgot the mad man robson/miller who was also sucked in
sea7: 21/7/15 bid 1.50p 18/4/17 bid 8.00p 18/7/17 bid 6.25p We can see that the 433% increase in the share price over the 21 months between the low and the recent high, is a reflection of the hard work done by the company to "right the ship" As they have moved out of the recovery phase and into a growth phase, the pull back in the share price is reflecting the weaker gold price environment, not any fundamental issues at the business. The momentum behind the share price has stalled and is not likely to pick up again until we see some numbers come through on all the work done, that was not captured at the interim stage. Kb alluded to a share price of 20p, well in my view with a mcap of £32m and the fact that the company has, historically always traded around an average p/e ratio of 5 or 6, we will need to see net profits after tax and less minorities of £5m pa, to get anywhere near that price. I think that the y/e accounts will have us at the £2m-£2.5m level of NPAT, this should justify the current share price. They will need to demonstrate that net profitability from this month onwards will continue on an upward trajectory, towards £4-£5m for the coming year, to see the share price get anywhere near 20p, which would reflect a p/e of 6 on expected forward earnings. Goldplat's headwinds and legacy issues, will put a dampner on things slightly, so for the time being, the expected level of earnings gives us the right share price currently, from a stock market trading level perspective. The market will move up accordingly if it thinks that an enhanced level of profitability is achievable after the y/e accounts are published. At the current share price, the market, on a p/e of 5, is expecting y/e accounts to show net profitability of around £2m. This, I think is about right, so I am not expecting any increases in the share price in the short term. In the mid term, if they can get towards £1.5m of NPAT, less minorities at the interims, then the share price could be around 11p by march of next year. Any banana skins and then expect sub 10p share price for longer. The market will be cautious of going to far above 10p as Gerard indicated a thought on raising cash at that level, so there will be resistance at 10p.
shareholder7: DD Rand have loads of product for processing and this deal was meant to bring the two companies together If they would have pulled this off, more processing would have happened and I would not have been a seller Now RR and GDP don't have a great relationship and egos are at play RR will want to partner with someone else or do it themselves (wait for the reply from Elmboy asking for proof) Do GDP have completion, yes they do So this dispute has effected GDP share price and could push RR to find alternative providers If GDP have to write off £650k that will pull back the gains but as they say they are sure of a favourable outcome but win the deal, lose the relationship We both see this as does Gerard Lets see what happens with the share price in the coming months But as I say good luck to the people that bought in at the bottom but try selling 4m shares in this market Luckily there is one person that is building a stake to take them at the moment Thanks for your support DD
sea7: FS, August 2007 share price was 8.5p 2008 quoted at 9.5p sept 2009 share price was 10.93p Sept 2010 share price was 9.6p Nov 2011 share price was 11.94p aug 2012 share price was 14p jun 2013 share price was 8p jun 2014 share price was 3.75p jul 2015 share price was 1.63p. In 2007 shares in issue 109m mcap 9.26m in 2008 shares in issue 112m mcap 10.6m in 2009 shares in issue 111m mcap 12m in 2010 shares in issue 168m mcap 16.1m in 2011 shares in issue 168m mcap 20m in 2012 shares in issue 168m mcap 23m (price hit all time high of 16.5p that year) in 2013 shares in issue 168m mcap 13.4m in 2014 shares in issue 168m mcap 6.3m in 2015 shares in issue 168m mcap 2.73m today we have 167m shares in issue and a 6p share price giving a 10m mcap. The mcap is the same today, as it was in 2008, when PBT was around the same level as it is today. The company has a lot more to come and this PBT figure should increase going forward and if history is anything to go by, so will the share price. The shares in issue are rounded and the prices are correct on a particular day in the months shown - I know they are as they are taken from my historical contract notes.
Goldplat share price data is direct from the London Stock Exchange
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P:42 V: D:20171119 04:56:11