Highland Gold Mining Ld Share Discussion Threads

[fangorn2] 17/4/2018 13:57

"srpactive17 Apr '18 - 10:38 - 11934 of 11940
F2
A millionaire farmer, is always welcome."


If only. Work in progress so who knows over the next couple of years or so.

We shall see.

[woodhawk] 17/4/2018 13:35

Excellent and detailed research, chipperfrd. Many thanks.

[chipperfrd] 17/4/2018 13:01

I use a modified version of the O'Shaughnessy method for comparing valuations across 66 producing PM stocks. Based on the 2017 final results and current market price, I get the following numbers:

PER ~ 10.2
PBV ~ 0.86
PSR ~ 2.11
Ev/EBITDA ~ 5.68
PCF ~ 5.1

Which makes it the 8th most undervalued PM producer out of those 66 stocks and as Petropavlovsk (Russia), Acasia & Shanta (problems in Tanzania) and Harmony (poor sentiment for S.A.), sit amongst those cheaper, it does rather emphasize the poor sentiment for Russia-related investments currently.

All-in-all it looks like (IMHO) a good time to pick up more HGM (with added bonus from divi of course!)
Chip

[woodhawk] 17/4/2018 11:49

From Motley Fool today:

"Despite the firm's low costs and proven ability to generate cash, the stock's valuation remains very modest. At the last-seen share price of 142p, the stock trades on 9 times forecast earnings and with a 14% discount to book value.

With a 7% dividend yield on tap, I think that's too cheap. I'd rate the stock as a buy, despite the political risk of investing in Russia."

[stevedaytrader] 17/4/2018 10:53

Moving up nicely and well in the backdrop of gold dropping a bit and other goldies not doing as well in comparison. Fingers crossed to more increases today, and for the foreseeable. Long term, and we've already done Q1, with the gold price staying high when results come through during the year will be good.

[fangorn2] 17/4/2018 10:35

@Srpactive.

Not a big hitter these days :)

More focused brown field/ Agricultural land side truth be told.

[fangorn2] 17/4/2018 10:31

@Harvester,

Taking my HGM divi in gold Sovs would appeal yes..

[woodhawk] 17/4/2018 09:12

Headline from Russian site finanz.ru this morning (auto translated)

Net profit of Highland Gold for 2017 increased by 37.5%, to $ 65.86 million

"Net profit of Highland Gold for the year 2017 increased compared to the previous year by 37.5%, to 65.86 million dollars. This is stated in the company's message published today on the London Stock Exchange.

The revenue of Highland Gold in the reporting period increased by 3.5%, to $ 316.68 million, operating profit increased by 47.4%, to $ 102.2 million, EBITDA decreased by 4.4% to 155.28 million dollars."

[harvester] 17/4/2018 09:06

I meant in actual gold bars! lol

[harvester] 17/4/2018 09:04

Gary noted .It would be interesting to see what the market reaction would be if HGM suddenly announced that they would allow large shareholders to subscribe & to have their divi paid in the equivalent of oz gold bars ! lolThat would hit the headlines alright .

[11_percent] 17/4/2018 08:49

Better, buyer coing in now......a lot of the "sells" are " buys"....


Ignore this post.

[garycook] 17/4/2018 08:43

harvester,Fair play to you.Possible upside from here at at least a 10% minimum.But like Woodhawk states also a great trading share.

[harvester] 17/4/2018 08:37

i am quite prepared for a price drop and able to increase position if more favourable buy prices are on offer .I expect it to settle today around 140 or a bit better in this weak market but that this only a speculative opinion at this moment of time. Planning to hold for longer since had no gold miners in my portfolio before and provides more portfolio balance .

[haughtonhoney] 17/4/2018 08:37

IG have a 3.5p spread on the Dec SB contract and want 20% deposit margin!

[woodhawk] 17/4/2018 08:30

If the price temporarily goes against you, harvester, you can take some comfort in the fact that you're getting paid in divis more than 6 times what you'd get in your bank account. Alternatively, this is a great trading share, if that is your thing. Ticks all the boxes for me.

[harvester] 17/4/2018 08:25

took a first time position in this share this morning .Bought @ 141 during auction process and @ 140.6 a bit later .Always risky to buy early in morning before share price has settled but took calculated risks.Divi very good but also have to consider capital/gain or c/loss

[coxsmn] 17/4/2018 08:17

Woodhawk, agree, stonkingly good dividend!

[woodhawk] 17/4/2018 08:04

Yes, you don't get a lot better than that.