Jubilee Metals Share Discussion Threads

[adejuk] 13/10/2020 12:38

losta
if you're right i'll do better than that.:-)

[lostabillion] 13/10/2020 12:28

Buy, accumulate and hold for at least two years and you’ll see north of 40p imo.

You can thank me afterwards.

[deme1] 13/10/2020 12:23

Could be a trading oppertunity this week.
Sell on news may come into play, but do so at your own risk.

I note the buys are getting cheaper.

A retrace to 5.7p would not suprise me.

GLA

[gsg] 13/10/2020 12:13

Northam Platinum profit more than doubles in 2020


JOHANNESBURG - Northam Platinum shares surged 4.22 percent on the JSE on Friday to R174.21 after the miner received a major credit ratings boost on the combination of its strong earnings profile and expectations of continued robust free cash flows buoyed by record metal prices.

Credit rating agency GCR Ratings upgraded the group's national scale long-term credit rating to A(ZA) from the previous rating of A-(ZA) and short-term credit rating to A1(ZA) from A2(ZA) with a stable outlook. GCR said in a note that Northam’s profitability had surged over recent years, enhanced by higher platinum group metals prices and rising production volumes.


Northam’s operating profit more than doubled to R5.3billion during the 2020 financial year, with the margin buoyed to 30percent from 23percent a year earlier, and the group had managed the impact of Covid-19 well, with its key mine able to resume operations fairly quickly as lockdown eased, said the note.

“Importantly, while the pandemic has led to a delay of some of the planned capital investment for production expansion, growth projects remain largely on track. As such, further margin uplift is expected over the rating horizon as we see metal prices broadly remaining favourable and the continued ramp-up of lower-cost production from Booysendal’s mechanised operations as it moves towards reaching a steady state. Partially counterbalancing these expectations in the short-term is the highly uncertain global operating climate,” said the GCR note.

Northam which was listed on the JSE in 1987, debuted on the FTSE/JSE Top 40 index, in March ranking at number 32. According to the PricewaterhouseCoopers' 2020 Mine report released last week, Northam has been among the platinum group metals producers that have outperformed the JSE All Share Index, largely driven by the weakening rand and surging metal prices, as investors fled to safe havens.

The group shares have accelerated 104percent between July 2019 and June 2020, helping it to become the second biggest climber after Sibanye-Stillwater in terms of the market capitalisation of the Top 10 mining companies. Sibanye-Stillwater climbed the most to fifth place in June from eighth place a year earlier, while Northam’s climbed to seventh place in terms of market cap at the end of June 2020 from the tenth place a year earlier. GCR said that the group’s earnings had historically hinged on production at Zondereinde.

[plat hunter] 13/10/2020 10:47

Rather fittingly, she is from the land down under.

[plat hunter] 13/10/2020 10:35

Sheath your gladius

[9tintin] 13/10/2020 10:23

GSG

RE - II investing percentage on AIM with a Mkt Cap of £125M - it ain't going to happen at the level you suggest. Currently I would guess Jubilee shares are split 50/50 in terms of institutional/general private investors - to get anywhere near what you suggest would require massive dilution (at a discount) to entice further II support as they won't buy on the open market. To achieve another 25% shift to II would require (approx) issuing another 1 Bn shares,,,,,,,,,,,,,,,,,,,,,,

Jubilee is what it is, as Deme suggests it's a traders dream, maybe less so than in the past.

I wouldn't call it 'instability' - just normal AIM market ups/downs, there to be utilised or not as the case may be.

tintin

[plat hunter] 13/10/2020 10:20

Lol deme.. Don't fancy a stab at my question then?

[deme1] 13/10/2020 10:19

Plat you don't hold, do one and lose money elsewhere

[plat hunter] 13/10/2020 10:15

Must be time for everyone's Rusks and milk i see

[plat hunter] 13/10/2020 10:10

Same question, how does one incentivize II's to buy, when you don't have the mcap, liquidity or a yield?

[ginko3] 13/10/2020 10:07

PIs are as a general rule inherently impatient - the key is not in getting PIs to sell but persuading IIs to buy and as the story gets better and profits improve that will happen however the final hurdle is a dividend and if Leon genuinely wants a greater % of II held stock he will have to concede this.

[plat hunter] 13/10/2020 10:05

Anyone here know anything about TEV ratio's?

[plat hunter] 13/10/2020 10:03

Exactly GSG, but how would one go about transferring the ownership from PIs to II's?

[plat hunter] 13/10/2020 09:58

Or i only have to make more than 15% elsewhere deme.You see it makes no odds at what price i buy back in, so long as i outperform it.

[gsg] 13/10/2020 09:54

The reason Leon (like many CEO's), has been so keen to bring II's onto the share register is to get rid of the daily instability of PI traders. Most CEO's would want around 70-80% II holding on the share register. Then PI's can fiddle about with buys/sells without creating instability. As long as the II's have bought into the long term story, I agree with him, and the sooner the II's shareholding becomes dominant the better for JLP imo.

[the bull] 13/10/2020 09:37

Have you ever hit one of your targets Losta

[deme1] 13/10/2020 09:36

Still needs to drop around 15% before you can buy back in at the same price plat ;)

[lostabillion] 13/10/2020 09:34

Same here 1mad.

I’ll be reviewing at 40p, nothing less.

[plat hunter] 13/10/2020 09:31

That lasted long