Share Name Share Symbol Market Type Share ISIN Share Description
Goldplat LSE:GDP London Ordinary Share GB00B0HCWM45 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 5.50p 810 08:00:00
Bid Price Offer Price High Price Low Price Open Price
5.25p 5.75p 5.50p 5.50p 5.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 31.65 -1.01 0.20 27.5 9.2

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Date Time Title Posts
25/9/201812:52GoldPlat - Gold Panning with Dan4,427
23/9/201822:28Goldplat - Profitable Gold Recovery Business5,742
05/9/201810:48EC #4: GOLDPLAT - TURNING WASTE INTO GOLD351
20/8/201812:13Goldplat Q&A & Interview with CEO2
14/6/201809:04Goldplat - The Moderated Thread20

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Goldplat (GDP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:34:135.5581044.96O
2018-09-24 14:45:275.281,19362.96O
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Goldplat (GDP) Top Chat Posts

DateSubject
25/9/2018
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 5.50p.
Goldplat has a 4 week average price of 5.25p and a 12 week average price of 4.60p.
The 1 year high share price is 8.50p while the 1 year low share price is currently 4.60p.
There are currently 167,441,000 shares in issue and the average daily traded volume is 72,459 shares. The market capitalisation of Goldplat is £9,209,255.
12/7/2018
11:16
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
11/7/2018
07:57
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.
01/6/2018
16:06
sea7: The share price has a large element of sentiment attached to it and like a lot of stocks, bears little relation to the actual business value itself. Goldplat sells gold in dollars and must convert a lot of it into zar/cedi and shilling, then report in sterling - a number of goldplats contracts are for invoiced processing and treatment fees only, the gold price on these contracts is irrelevant. I am more interested in what the assets can deliver in terms of revenue, minus costs. I then look to see if I think the current share price undervalues the revenue streams. I am not that bothered about how much the fixed assets are worth, against the share price, as it is only really relevant in a sale situation - how much are second hand CIL circuits or elution columns worth - not that much. The relationship with rand deteriorated when Ian Visagie took over the helm, after the board room bust ups and demetri storming out. They clearly decided they no longer wished to have anything to do with him, which is why Gerard suddenly went from being NEC desig, to CEO, eight months before he was meant to be taking over as chair. What was done was done. We are currently seeing op profits of over £3m from the assets and that equates to a bargain on a share price of 6.7p to buy. - I have bought at 6.7p earlier this month. You say your are not impressed with what they have done - since gerard showed up, an operating loss has been swung from -£711k to an annualised profit of just over £3m - I make that an improvement in performance of nearly £4m in three years - which is an excellent turnaround for a company of this size and scope.
01/1/2018
18:46
1rodson: in reply to the post below I would estimate an share price in the range of 5p to 7p Assuming of course that the Rand case, or further mismanagement does not finish them off! camerongd531 Jan '18 - 17:49 - 4820 of 4821 0 1 0 Bit of fun as it is the New Year and best wishes to all Goldplat announce their results in mid late February (interims) and September (Finals). The September results may be delayed for the result of the arbitration which is to be held late June. Can you guess what the share price for GDP will be at the end of March and end of October (or 1 month after the final results announcement). This will give the share price time to settle down after the announcements. The current price is 7.75 pence There are major risks etc. including currency, price of gold, execution of ongoing projects, political and of course the RR case so there are plenty of things that can adversely affect the share price On the other hand completion of outstanding projects could boost the price as could news of developments in Ghana, Kenya, South America as well as SA. My prediction is 10p for March and 15p for October. It will be interesting what the bears on this share guess especially as they are predicting complete loss of credibility and collapse when they say GDP will lose the case with RR I said this will be a just a bit of fun, although I declare I have a reasonable holding in GDP because I am bullish on the company and have been a shareholder since shares were 16p. Warning - I remember attending a dinner where James Prior, a senior cabinet minister, was speaking. Not exact figures but the jist of point he made was that there had been a furious row in cabinet for economic planning purposes as to when the price of oil would rise from US$15 to $25. The row was whether it would be 5 or 10 years. It actually shot up to $40 within 6 weeks!!! Predictions can be honestly believed but should be taken with an appropriately sized spoonful of salt.
01/1/2018
17:49
camerongd53: Bit of fun as it is the New Year and best wishes to all Goldplat announce their results in mid late February (interims) and September (Finals). The September results may be delayed for the result of the arbitration which is to be held late June. Can you guess what the share price for GDP will be at the end of March and end of October (or 1 month after the final results announcement). This will give the share price time to settle down after the announcements. The current price is 7.75 pence There are major risks etc. including currency, price of gold, execution of ongoing projects, political and of course the RR case so there are plenty of things that can adversely affect the share price On the other hand completion of outstanding projects could boost the price as could news of developments in Ghana, Kenya, South America as well as SA. My prediction is 10p for March and 15p for October. It will be interesting what the bears on this share guess especially as they are predicting complete loss of credibility and collapse when they say GDP will lose the case with RR I said this will be a just a bit of fun, although I declare I have a reasonable holding in GDP because I am bullish on the company and have been a shareholder since shares were 16p. Warning - I remember attending a dinner where James Prior, a senior cabinet minister, was speaking. Not exact figures but the jist of point he made was that there had been a furious row in cabinet for economic planning purposes as to when the price of oil would rise from US$15 to $25. The row was whether it would be 5 or 10 years. It actually shot up to $40 within 6 weeks!!! Predictions can be honestly believed but should be taken with an appropriately sized spoonful of salt.
27/10/2017
09:10
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.
26/9/2017
08:01
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.
25/9/2017
23:17
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.
22/9/2017
18:03
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 Germanyhttp://www.randrefinery.com/brochures/Rand_Refinery_Corporate_Brochure.pdfAnd 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
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.
Goldplat share price data is direct from the London Stock Exchange
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