Share Name Share Symbol Market Type Share ISIN Share Description
Goldplat Plc LSE:GDP London Ordinary Share GB00B0HCWM45 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.575 8.78% 7.125 6,116,068 15:29:02
Bid Price Offer Price High Price Low Price Open Price
7.05 7.20 7.375 6.55 6.55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 24.84 -1.09 -1.33 12
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:26 O 100,000 7.15 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
2020-02-21 17:28:557.15100,0007,150.00O
2020-02-21 16:57:377.15100,0007,150.00O
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Goldplat (GDP) Top Chat Posts

Goldplat Daily Update: Goldplat Plc is listed in the Mining sector of the London Stock Exchange with ticker GDP. The last closing price for Goldplat was 6.55p.
Goldplat Plc has a 4 week average price of 4.69p and a 12 week average price of 2.25p.
The 1 year high share price is 7.38p while the 1 year low share price is currently 1.95p.
There are currently 167,441,000 shares in issue and the average daily traded volume is 3,357,056 shares. The market capitalisation of Goldplat Plc is £11,930,171.25.
shill10: Also Ghana and SA have some Gold Price Call Optionality in that they benefit from ramped up production at Customer Mines creating more recovery business - when you add in the fact that GDP was already on course for making c £2 mill this year from recovery businesses ten Kimboy's target of 20p share price starts to look conservative.
shill10: great point , Kimboy - the market is still totally and completely blind to how geared GDP is to a rising Gold Price. GDP owns multiple call options on the price of Gold with strikes now clearly in the money - by this I'm thinking primarily of TSF (88,000 oz) and Kili (c 50,000 oz). If I add in your 16,000 oz and assume 50% recovery for TSF (v conservative) thats 110,000 oz now well in the money - another way of putting that is that every $100 on the price of gold is worth $11 million to GDP, or 5p per share !!!! The share price keeps going up and the share keeps getting more undervalued because the price of Gold moves the company's holdings even more.For reference, since the 23rd December 2019 the price of Gold has gone up by $150, adding 7.5p to GDP's net worth (ignoring all recovery ops). The actually share price has risen 4.5p. Hard for the market to keep up, but this is cheaper than it was at 2.5p in December.....
shill10: all depends on price -if any buyout offer fully reflects $1570 gold price then I think most shareholders would back a sale and concentrate on recovery/TSF- if not then JV it is, either way nothing is in the share price for Kili here imo. so all a bonus.
pog1234: A lot of wishful thinking in my view. GDP has not delivered on pretty much anything the last few years. Only disappointments. Sure, it does not take much success to raise the share price, but it takes a lot more to restore confidence. Not until the company can deliver consistently good results I think we will see a decent share price....
dinky00: GDP share price is back to levels of Nov-March when Gold was $1200-$1300. That makes sense! How the hell is this thing ever going to go up when the share price behaves like this????
shareholder7: Kimboy this is the issue, you act and think like GDP."Should try harder"is not the answer and I refer you to my previous posts that you all dismissed.GDP share price is where it is as you and the board just don't get it.This is why the next appointment is going to be key.We have an issue in sourcing, pricing and contracting, Kili was a distraction from the underlying issues Let's see where GDP goes next and hope we don't get someone that thinks like you as the next CEO
shareholder7: Gold price was around 1600 then sea and confirms that GDP share price is linked to the gold price The fall in the share is hopefully a reflection of the fall in the gold price and nothing sinister If we hit that number again for POG share price would be around that number again
sea7: I have always been of the view that buybacks are a sign that management is not creative enough and is taking the easy way out regarding capital appreciation. I would rather they plough that money back into the business and ensure they have a good capital buffer, ensure the balance sheet is robust and that the net working capital position starts to take more of the value of the share price. The net working capital position as at the interims was 2.69p per share. This has slowly been increasing as each reporting period has passed. I would like to see this figure get back to the 4.77p it was in 2012. The NCAV in june 2012 - 4.77p - share price 14p. The NCAV in march 2018 - 2.69p - share price 7p As you can see, the share price is roughly three times the NCAV in each example. The strength of the NCAV is reflected in the share price on a fairly stable basis. When Junes figures come out, we should see another uplift in the NCAV, which should push the expected share price up to a new level. This is currently under priced, based on its historical performances.
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.
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.
Goldplat share price data is direct from the London Stock Exchange
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