Jubilee Metals Share Discussion Threads

[deme1] 11/12/2020 12:20

I fear Losta is selling to pump into Lloyds.
For a quick 10% - silly Billy :)

[johnbull1] 11/12/2020 12:08

Also worth noting that the JSE listing for Jubilee at 208 (up 1.5% today) is just over 10.4 given current GBP/ZAR 19.95. The Aim listing is trading at >5% discount. In the past, the JSE listing has been the 'smarter money'.

[sb] 11/12/2020 12:08

Anyone understand that.? 😁

[svetlana pullyakokov] 11/12/2020 11:57

I am not thinking the Zambian Kwacha won't be exchanged in the transaction, comrades.

[johnbull1] 11/12/2020 11:54

Absolutely correct. GBP weakness on a No Deal would be very good for Jubilee. Its earnings are in USD (minus Rand costs and now also Kwacha costs). The UK market will represent less than 5% of the company's sales, and therefore a weaker pound these would translate directly into higher GBP profitability for the company.

Anyone who thinks a No Deal is a reason to panic and dump Jubilee has frankly not thought it through.

[marmar80] 11/12/2020 11:41

Possibly u right, main cash stream in USD, costs in ZAR only. Still a good position before Brexit uncertainty and any weakness in GBP.

[plat hunter] 11/12/2020 11:19

The earnings are in dollars, the expenses for copper are in ZAR so if anything that increases costs

[marmar80] 11/12/2020 11:19

UK banks will be losing if the main currency gets weaker.

[deme1] 11/12/2020 11:14

This is being a dog :)

Almost as bad as Lloyds:)

[marmar80] 11/12/2020 11:11

Worth to add that any weakness in GBP should have a good impact on our mcap as the earnings are in ZAR which is gaining against GBP.

[marmar80] 11/12/2020 10:30

Day is not over yet. Jubilee in South Africa is 5% up now.

[gsg] 11/12/2020 10:16

Oh well. The change in vibe didn't last long.

[marmar80] 11/12/2020 10:02

What about difference in price? As I remember one was 11.00p and other 11.18p. Difference was a commission to the broker?

[pshevlin] 11/12/2020 10:00

marmar. probably matched trades. One sell, one buy .

[1madmarky] 11/12/2020 09:58

All aboard!

[ginko3] 11/12/2020 09:56

Time to get back in everybody . . FOMO

[gsg] 11/12/2020 09:53

A change in vibe on L2 1 v 1

[marmar80] 11/12/2020 09:52

Question, was it really only 50m sold that day? If yes, then no RNS will come as was only 2.48% of the company. But there were 2 trades so I wonder what the other was about.

[nelson01] 11/12/2020 09:49

Looks like the selling has dried up

[robers98] 11/12/2020 09:46

Still no news on who the 50m buyer was.

[plat hunter] 11/12/2020 09:04

*End of month

[plat hunter] 11/12/2020 08:33

Check out HUM if you get time Losta.YEAR END at the end of the week, smashed earnings guidance and sitting on a pe ratio of 2.760 million a year at 100 mill mcap

[lostabillion] 11/12/2020 08:29

Just sunk 205k into Lloyds:—)

[sb] 11/12/2020 08:03

No, Losta... he was referring to the fact that based on last years numbers Jubilee was only on a PE of 4.5.

[lostabillion] 11/12/2020 07:51

Fair enough Dao