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
  -0.125p -2.17% 5.625p 5.50p 5.75p 5.75p 5.625p 5.75p 125,096 09:42:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 16.6 -0.8 -0.5 - 9.42

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Trade Time Trade Price Trade Size Trade Value Trade Type
2017-08-16 16:10:295.6340,0002,250.00O
2017-08-16 15:06:015.6510,000565.00O
2017-08-16 15:03:085.6540,0002,260.00O
2017-08-16 14:50:485.6032,5001,820.00O
2017-08-16 13:24:335.602,596145.38O
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Goldplat (GDP) Top Chat Posts

DateSubject
16/8/2017
09:20
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 5.75p.
Goldplat has a 4 week average price of 5.63p and a 12 week average price of 5.63p.
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 161,809 shares. The market capitalisation of Goldplat is £9,418,556.25.
16/8/2017
13:44
camerongd53: Sea7 You are very bearish. I am both disappointed and surprised at the price performance of GDP since the last announcement a few weeks ago. I topped up an already large holding (for me) yesterday at just over 5.7p. The share price seems to be following the market and ignoring the good work that has been done that has enhanced the company against the rest of the market. GDP is now effectively mix of a manufacturing and a gold mining company The manufacturing element is the 2 recovery businesses The gold mining is Killmapesa and the dump at Benoni - I consider this akin to mining as the future production costs are relatively fixed with the net profitability dependent upon the goldprice and exchange rates. I am hoping that the shares will re-rate with the results announcement next month. An upward movement will depend on the market taking a positive view of the prospects which are - increased throughput through recovery business and future profitability at Killimapesa. In the more distant future there will be the profits from the Benoni dump which I suspect will be atleast a year in the future. The prospective P/E ratio is likely to be one of the lowest in the market with the prospect of higher profits in the future. This is absurd to me and should be rectified in time. I think the management under Gerard has banished a lot of bad decisions that had been made in the past and has shown that they can sort out, promise and deliver. The possible exception is the RR dispute which time will show who was at fault. I have said before that news on a current or future dividend could work wonders for the share price. Hoping for good news in September
18/7/2017
12:13
sea7: That is true Kb, Goldplat did have a few projects in play, that have a p/e of less than one, however, I am looking at the p/e ratio overall, from the perspective of the market in relation to the actual traded prices and where, goldplat has always been placed, in its market, in relation to its profitability, actual or otherwise. This historical market positioning allows us, with a fair degree of confidence, to be able to see where the share price is likely to be, based on a range of NPAT, less minority eventualities. One good benchmark for goldplat is the all time high share price of 16.49p, the NPAT, less minorities was £4.467m, the cash position was £4.575m and an EPS of 2.53p. This gave us a p/e ratio of 6.2. This was in late 2012. Based on this, I expect the share price to trend around a p/e of 5-6, as has been the case historically.
18/7/2017
10:57
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.
12/3/2017
16:48
shareholder7: Agree with DD yet again and I suppose if you lose 40k in a week your views need to be on the optimistic sideGDP have a track record for bad contracts When the gold price started to fall from $1800 this was the beginning of GDP troubles as they had agreed the price of the contact upfront not allowing for any fall in gold price At the helm at that time was our FD IanNow we have Hansie negotiating with RR and look what happened thereSo who is negotiating in SA ? Maybe someone can tell me?If DD had been employed to look at contacts GDP would be in a much better place and the issue is what other contacts have been screwed up ? I can't see anyone in this organisation that has the experience in contacts, yes loads of technical skills in processes Gold but real commercial awareness We still have Ian as FD, same guy that allowed a single Refinery that nearly brought the company downGerard is a great PR guy and comes across really well but his last couple of jobs did not work out wellAnd our new Chairman comes out with a bullish statement that could have been written by Brian This is why the share price is not moving as new shareholders are wary , mistrust all the positive RNS's and if it was not for a few individuals building stakes in GDP we would be below 5pI think there is a big overhang of shares owned by a few people that if they tried to sell would crash the share price They only way out for them is if GDP gets bought But let's see
10/3/2017
20:32
sea7: I agree with you totally on that shareholder. Despite the fact the company has delivered on its objectives regarding the turnaround, the share price has pulled back from its recent highs of 7.5p and in my view only sits at its current level as the market is giving some trust to a continuation of the current trend. Had the company not delivered on what it has done, the stock would be much lower again. The stock would be higher as you say, had things like rand issue not cropped up, the stock dam being further along and the elution column in Ghana not being a year behind the original schedule. As you say, the share price is also a reflection of not only performance, but trust as well. With the markets being a forward looking arena, any new banana skins that are found and stepped on, will see the share price drop off, irrespective of performance. Thanks for your kind comments and whilst some trust has been restored, there is a long way to go, before full trust is reflected in the share price and investors are willing to pay a premium for the stock, safe in the knowledge that they are likely to be buying a safe solid company, that will deliver good returns to them.
24/2/2017
07:54
sea7: Valid points kb. What I was also trying to extrapolate, was the view the market is likely to take in terms of share price position going forward, against known figures. As we know after 2013 the business suffered many problems and the share price reflected that and is returning to normal levels. As Goldplats business has recovered and is in better shape than before, I went to 2012 to see whether the increase in profitability back then and the share price at the time would likely be repeated over the coming months, as profitability continues its upward trend. 2012 to 2013 was a downtrend for goldplat. The 2016 interims show that we have at least recovered to the 2013 level in terms of underlying business performance. As Gold is not as high, nor is the company paying a dividend and allowing for the expected increase in returns due to kili hitting profitability and the held back ounces showing up, then I think the market will have this around the current share price for now and then as kili stage 2 completes, an increase to the 8's might be achievable. I think we will need a good result on rand dispute, confirmation of some further south American or other countries business into Ghana and kili performing as planned for us to see goldplat move upto 10p this year. We also have those unexpected positives that may come out and boost business and the share price, whereas over the last few years it has been unexpected negatives that have kept on coming up, depressing business and the share price. At least, after just over three and a half years, the company is back on an even keel again and in a much stronger position.
22/2/2017
16:41
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
04/9/2016
11:01
shareholder7: You really don't need to be rocket scientist to work out GoldPlat1 SA is worth $19m on its own. This was the valuation 2 years ago when the minority interest was sold and its valuation has since risen. So current market cap of GDP is what our 75% in SA is worth 2 killi loss making and burning cash 3. Rand Refinery nearly bought down GDP because they were at the end of the process and GDP had no alternative 4. Ghana then went into losses as RR refused to take product 5 As soon a RR took GDP production revenue and profit returned 6. Germany used as alternative in the meantime So what does this tell us RR is the key to making GDP successful So what do we do Get into a contract that both sides are disputing and GDP start legal procedures against RRRR then say they can't take any product in August so GDP have to find alternative at high transportation costs and timing issues RR shareholders are GDP customers so what message does this say to them ? Check out their web site So if GDP do this what is the next thing they will do Share price is down the toilet due to this and if they had a great relationship and troll agreement would have worked out we would be looking at a share price of 10 to 12 p after finals Now you have to write off 650k so profit before tax is now 1,350k plus you have legal expenses and time committed Simple really I hate to say it but same old story, what is management up to Too many engineers not enough business people running the company Solution1. Close killi 2. Get into bed with RR and sort out those issues3. Focus on gold recovery 4. Get some experience commercial people in
25/8/2016
11:05
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.
16/8/2016
01:07
discodave4: DS2Ok, mention of 4p was finger in the air. My main point was worst case the RR dispute could delay the share price recovery to such an extent that for me I will be better off selling. Didn't recall many posts citing too many "facts", so that aside and despite what others think (myself included) let's go with a non-bias, and the only, analysts forecast:Forecast pre tax is £560k, the forecast share price for the next 12 months is 7.1p. if the RR issue is going to hit the business by £500k to £1m (let's go for £750k), what do you think the share price will then be in 12 months time?....surely it will not increase as f/cast by 23% because pre tax has been wiped out (materially failed to achieve expectations). Is it logical also to say it could delay hitting this forecast, or earnings growth, by at least 12 months? (IMV it will). Last year with a pre tax loss of £248k the share price was about 2.5p, FY2015 the pre tax loss could be ~£190k, what then is fair value?....3.5p?, you tell me (by your logic, a £750k hit would drop the share price 0.75p, thus it is already fully priced in - I disagree).I accept they were turning this around and the future looks brighter than it did last year, so doubt it will drop to 4p, but also doubt that it's been fully priced in either (unlike your logic) - the share price is only about 12% down to what it was pre the recent update, so think it will drop further if they confirm the worst.....if they don't it will continue on its merry way and everyone will be happy (you will be happy either way!).DD
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