Highland Gold Mining Ld Share Discussion Threads

[loganair] 10/9/2018 16:29

Within the next 5 years China will become a bigger trading partner for Russia then the EU, therefore it makes sense for Russia to significantly increase their Yuan reserves.

However, why are Russia also increasing their pound sterling reserves?

[loganair] 10/9/2018 16:25

cas47 - The Germans are actually saying the last person they want as British Prime minister is Boris Johnson and they say this is why they want Britain to be given a 'Smart' Brexit deal.

It is the Germans who are using the word 'Smart,' what ever 'Smart' means.

[casual47] 10/9/2018 16:22

Loganair, conversely, if there hadn't been a concerted effort by "remainer" mps and lords at every step of the way (including, incredibly, closed door briefings and coordination in Brussels between e.g. Verhofstad and British MEP/MPs) then we may have had a better deal also.

The 'antics' of ERG and 'hard' brexiters in my view have helped the odds of a better brexit but are outweighed by the damage done by 'remainer' folk.

[loganair] 10/9/2018 16:21

cas47 - The US Treasuries that the CBR have sold has not been used to buy gold with as the amount of Foreign Currency Russia holds in it's reserves has actually increased, therefore this strongly suggest to me that the CBR has been buying other foreign currencies instead.

From what I have read the CBR have significantly increased the amount of Yuan and increased the amount of pound sterling they hold as reserves.

While all the gold the CBR buy, they purchase in local roubles.

[loganair] 10/9/2018 16:15

Compared to many emerging markets, Russia has very few debts in dollars while much of the countries income is in dollars and yet the rouble is continuing to slide.

The EU is saying thay expect a Brexit deal by early November and the Germans are pushing for a 'Smart' Brexit deal as they a frightened that if not, Boris Johnson may become Prime Minister which seems to be the very last thing the Germans want.

Because of Boris' antics, Britain may get a far better Brexit deal then if he hadn't been around and saying the things he's been saying.

[ken tennis] 10/9/2018 13:01

come on baby rise all the way to that divi

[casual47] 09/9/2018 10:12

Russian newspaper article about Putin's "golden secret". (Google translate makes a bit of a hash of it but you'll get the gist)

[fizzypop] 08/9/2018 08:18

Thanks Gary - I tend to forget we have contributors from across the globe.

[garycook] 08/9/2018 08:01

fizzy,I am a Ex-Pat residing in Asia.

[fizzypop] 08/9/2018 07:48

GARYCOOK - Some informative posts so thanks, but what are you doing posting at 4:42?

[garycook] 08/9/2018 04:42

The current historic yield presently for HGM is 11.42p/1.31p = 8.7175%.Future annual dividend probably around 12p,but the share price will be higher by next April 2019 for the Final dividend say around the 150p mark.So on that assumption around a 8% yield.With a year low of 125p,and a year high of 181p, plenty of upside growth left in the share price at 131p.HGM goes XD on Sep 13,so looking forward to my £2,100 dividend payable on Fri Oct 5.

[justiceforthemany] 07/9/2018 18:51

It looks like the full year dividend could be as high as 12.5p which would yield 9.5% at the current share price casual47 I have been in and out of CEY over the years. Alas I missed the drop to 29p 5 years back! I almost bought back in at 120p but glad I didn't now. It was not just the profit share but the higher P/E. Whilst HGM is trading with a P/E of just 8.5 the CEY P/E is around 13 even after the drop to 90p.

[stevedaytrader] 07/9/2018 16:55

Nope, if you want to look at divi yield you can look at the next confirmed one in relation to the latest stock price at the time of XD next week, as no futures are ever guaranteed. If you want to work the annual yield go back to the last divi and the share price time of payment at that time of the then XD, then do the maths.

[tymedici] 07/9/2018 15:20

Following today's massive drop, the dividend yield hovers just below 8% I believe.

[stevedaytrader] 07/9/2018 13:41

Also other normal indicators against us eg FTSE again getting hammered- so just enjoy the late summer and worry next week .

[stevedaytrader] 07/9/2018 13:37

Non farms exceeded expectation, gold did it usual drop- fingers crossed subsequent commentary helps.... oh, well, just think of the divi.

[casual47] 07/9/2018 13:29

That really isn't CEY's problem. Egypt isn't all that more unstable than Russia -- both have had their headwinds. It's certainly more stable than some of the countries where Randgold and Barrick operate.

CEY's arrangement isn't really all that different from what goes on elsewhere -- if you add up all the different taxes etc it's much of a muchness. It only pays full 50% after it has recouped its investment, I believe the full 50% is a couple of years away yet, by that time they should be producing 700k+ oz pa.

[justiceforthemany] 07/9/2018 13:21

Problem with CEY is that it is semi nationalised. Half the profits go to Egyptian Government. Egypt hardly stable either.

[casual47] 07/9/2018 13:00

Further headwinds for the sector today. The 130-140p channel has been solid for HGM these last few weeks. One worry would be that the ex-divi provides enough of a downward momentum to force a gear change down to 120-130p. Those round numbers can provide very strong resistance (or support) so once we're in a channel we may be stuck there for a wee while until the next move up or down.

[stevedaytrader] 07/9/2018 10:50

For today, key data impacting gold, and subsequently us. We, as always, need some misses here- good time to x50 or x100 some gold futures, if you fancy a short bet- not for the feint hearted though.

The August NFP is due on Friday 7 September 2018 at 1230GMT, I popped up a preview for it here yesterday:
US NFP report due Friday, here's an early preview
What to watch:
headline change expected +198K, prior +157K
Unemployment rate expected 3.8%, prior 3.9%
average hourly earnings expected +0.2% m/m, prior +0.3%
average hourly earnings expected +2.7% y/y, prior +2.7%

[stevedaytrader] 07/9/2018 10:47

HGM pay debt and divi, and still invest in the future with capex- they have the correct strategy. If you do the maths over the years, their debt is cheap, would be irresponsible to pay off more debt at the expense of these items. It's all about future prospects- I would sell for sure of the divi dropped to pay more debt.

[casual47] 07/9/2018 09:35

There is no "russia phobia".

Britain will not cut off its nose to spite its face - I expect any move towards a disentanglement from dodgy Russian money in the UK economy to be gradual and with plenty of advance warning to allow an orderly exit.

While there are prominent voices on the backbenches (E.g. Tom Tugendhat), the government has been vocal but tokenistic.