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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Jubilee Metals | LSE:JLP | London | Ordinary Share | GB0031852162 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.10 | 2.17% | 4.70 | 9,044,837 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 4.60 | 4.80 | 4.70 | 4.70 | 4.70 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | 205.4M | 5.96M | 0.0020 | 23.50 | 138.46M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:44:35 | O | 3,500,000 | 4.665 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 21/11/2024 | 07:00 | UK RNS | Jubilee Metals Group PLC TR-1: notification of major holdings |
| 20/11/2024 | 16:43 | ALNC |  IN BRIEF: Jubilee Metals raises GBP215,500 after exercise of warrants |
| 20/11/2024 | 15:15 | UK RNS | Jubilee Metals Group PLC Exercise of Warrants |
| 12/11/2024 | 14:20 | UK RNS | Jubilee Metals Group PLC Result of AGM |
| 07/11/2024 | 13:37 | ALNC | Jubilee Metals quarterly copper output slumps after limited run time |
| 07/11/2024 | 07:00 | UK RNS | Jubilee Metals Group PLC Operational Update Q1 FY2025 |
| 06/11/2024 | 14:30 | UK RNS | Jubilee Metals Group PLC TR-1: Notification of major holdings |
| 05/11/2024 | 07:00 | UK RNS | Jubilee Metals Group PLC Appointment of Remuneration Committee Chairperson |
| 31/10/2024 | 13:12 | ALNC | IN BRIEF: Jonathan Morley-Kirk joins Jubilee Metals as board member |
| 31/10/2024 | 07:00 | UK RNS | Jubilee Metals Group PLC Board changes |
Jubilee Metals (JLP) Share Charts1 Year Jubilee Metals Chart |
|
1 Month Jubilee Metals Chart |
Intraday Jubilee Metals Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 03/12/2024 | 21:10 | Mighty Oaks from Tiny Acorns (Moderated) | 62,245 |
| 27/11/2024 | 13:17 | Mighty Shorts from Tiny Acorns (UnModerated) | 5,043 |
| 23/10/2023 | 16:35 | TARGET PRICE 200P | 31 |
| 20/7/2023 | 06:08 | JLP Jubilee 2023 | 1 |
| 06/6/2023 | 17:52 | THE REAL NEW DAWN FOR THIS RISING STAR | 27,377 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-12-03 16:44:37 | 4.67 | 3,500,000 | 163,275.00 | O |
| 2024-12-03 16:44:14 | 4.61 | 500,000 | 23,050.00 | O |
| 2024-12-03 16:21:24 | 4.60 | 200,000 | 9,200.00 | O |
| 2024-12-03 15:59:28 | 4.64 | 83,989 | 3,900.45 | O |
| 2024-12-03 15:44:47 | 4.65 | 75,189 | 3,496.29 | O |
| Top Posts |
|---|
Posted at 03/12/2024 08:20 by Jubilee Metals Daily Update Jubilee Metals is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker JLP. The last closing price for Jubilee Metals was 4.60p.Jubilee Metals currently has 3,010,000,000 shares in issue. The market capitalisation of Jubilee Metals is £141,470,000. Jubilee Metals has a price to earnings ratio (PE ratio) of 23.50. This morning JLP shares opened at 4.70p |
Posted at 03/12/2024 20:27 by freedom97 Looking at the JLP vs Copper chart above it's clear that since about March 2021 JLP share price started to go down yet Copper has gone sideways. It's about time Jubilee shares go back up to match copper movement especially now that the company is producing more copper than ever before. |
Posted at 25/11/2024 16:13 by eblitz1 Hello AllGFR, I have probably been the biggest critic of Leon when it comes to communication. However, in this case,I'm not sure what else he can do. The share is unloved, the Directors may be felt as untrustworthy as they have done some stupid things like the options etc. I also admit that my concern, then fear regarding the share price has gone to total apathy as I'm in heavily like others and at the end of the day must just hope that as Leon said, when the figures show the way forward the share price will rise. I am probably much more impatient than others as I must look at the share price 5-6 times a day wondering or hoping that something will drop (other than the SP) which it's doing perfectly well on it's own, that something will drop in an RNS to make the bloody thing rise and stay up. I pray for a T/O which is where the missing 300 million shares come into play |
Posted at 10/11/2024 19:31 by the_isolator inspiring interview with Leon Coetzer today but listen carefully to the words:Interviewer "Your revenue will be significantly higher than your market price"Coetzer replies "Yes absolutely"True/Fals |
Posted at 10/11/2024 09:24 by frogkid During the early part of 2020 when the whole world was busy worrying about a stupid man (chinese) made virus and the world was coming to an end the price if JLP dropped to around 2p. At that time I loaded up significantly, much the same as I did around 10 years ago in the 1s and 2s, when the market cap was around 11 million! It has been a very exciting and sometimes very nervous ride ever since. My holdings have varied over this period. I first bought JLP around 18-20 years ago, can't recall exactly when. I invested for Tjate back then and awaited the granting of the Tjate licence with great excitement. The rest is history. I have traded JLP over the years, occasionally taking profit on a large percentage of my holding. During this last couple of decades I have held many other shares but I keep turning full circle to JLP. I cannot find a more exciting and potentially game changing investment out there although I am sure there are. I have been furiously critical of the management at times but am finally at the point where I feel this as derisked as it can be , given its geographical location. Last week I added a chunk which has taken me to my largest position ever and JLP is now my only stock holding in my portfolio apart from a punt on LND for fun. Everything else is in cash, funds, physical metals and my businesses. All things being equal i expect to do very well over the next 2 years. Barring WW3!This is why I get fed up with getting sniped at and react accordingly. All the best folksFrog |
Posted at 08/11/2024 11:56 by 888icb Simon Thompson on 8th OctoberI think it is worth revisiting the conclusion to Simon Thomason’s article on 8th October: “ Production ramp-up to drive materially higher profits So, with diversification of Jubilee’s revenue improving its risk profile, and its chrome and copper operations an increasingly important part of the group, analysts at house broker Zeus Capital anticipate a material change in this year’s profitability, forecasting a doubling of cash profit to $54mn on 27 per cent higher revenue of $260mn. On this basis, both adjusted pre-tax profit and earnings per share (EPS) would rise fivefold to $41.5mn and 1p, respectively, at current exchange rates. Of course, there is execution risk and we have been here before, hence why Jubilee’s share price rallied 68 per cent from 5.3p to 8.9p after I suggested buying the shares at the interim results before giving back the gains, and more (‘Lowly rated Jubilee Mining set to ramp up production and profits’, 26 February 2024). However, with shares in the £140mn market capitalisation company trading on a forward price/earnings (PE) ratio of 4.7 and on less than three times forecast cash profit to enterprise valuation, then the anticipated step change in profit driven by organic growth initiatives is being woefully under-rated, as highlighted by the deep share price discount to Zeus Capital’s 11p-a-share target price. Buy.” An important reminder of how JLP rallied 68% earlier this year from our current share price of 5.2p to 8.9p. JLP is clearly in a better place now than it was then as confirmed by yesterday’s RNS. The seller appears to have gone so we should see a similar sustained rise as we still need 100% to get to the broker target. |
Posted at 06/11/2024 18:20 by xow98 In September 2023 they had 267m, so total sold since then 118m (in 13 months) Current holding 149m.Share price 7.4 end Sep 23, Fidelity only sold 10m through to April 24 (per above) share price in April 6.8. Since then have sold 108m, share price down from 6.8 to current 4.45. Downtrend commenced 21st May 24 from a high of 8.65. |
Posted at 13/10/2024 19:03 by sev22 Here is The IC recommendation in full for those who missed it last week. It made me top up my holding on Friday.This step-change in profits is being hidden by commodity prices. The African miner is ramping up production to overcome lower PGM costs. Published on October 8, 2024 by Simon Thompson *Annual cash profit down 7 per cent to $27.7mn *Pre-tax profit down 42 per cent to $8.6mn *Ongoing ramp-up of copper and chrome output *Shares trade on forward PE ratio of 4.6 Jubilee Metals (JLP:4.65p), an Aim-traded mining company that makes money by extracting platinum group metals (PGMs), copper and chrome from mine tailings in South Africa and Zambia, is set to deliver a step-change in profitability driven by a ramp-up in its chrome and copper production. The expansion of Zambian copper processing capacity is a key focus of management. In particular, the completion of the Roan copper concentrator upgrade in August 2024 has now positioned the business to handle multiple feed sources of copper oxide and sulphides simultaneously, increasing Roan's copper output capacity to 13,000 tonnes per annum (tpa). In addition, the upgrade and expansion of the group’s Sable Refinery is under way and is targeted to be completed over the coming 10 months to reach a capacity of 16,000tpa. With Roan capable of operating independently of Sable, this will boost Jubilee's copper processing capacity to well above management’s initial target of 25,000tpa of copper. In the 12 months to 30 June 2024, Jubilee’s copper production increased 17 per cent to 3,422 tonnes, in line with revised guidance of 3,250-4,000 tonnes, and the average copper unit price per tonne decreased by 18 per cent to $4,294 as sourcing and processing of higher-grade copper bearing concentrates at Sable and Roan improved copper margins. Although a higher proportion of copper units were sold as copper concentrate, which is priced at a discount to the London Metal Exchange (LME) copper price, the significantly lower-cost production helped boost underlying copper cash profit from $2.1mn to $3.6mn ($7.1mn including fair value adjustments) on annual revenue of $18.5mn. Moreover, guidance is for another sharp rise in annual production to 5,850-7,500 tonnes, which would drive up profit materially given that the spot copper price of $9,600 per tonne is more than 10 per cent above the average LME copper price in Jubilee’s last financial year. Focus on Chrome in South Africa. In South Africa, Jubilee’s chrome concentrate production was a notable highlight. The operation delivered 20 per cent higher output of 1.55mn tonnes, so exceeding full-year guidance of 1.45mn tonnes, and capacity is set to increase further as two chrome modules are being brought into production next month. Although the chrome concentrate cost per tonne increased from $67 to $84, the operations achieved a $36 per tonne higher average cost, insurance, and freight (CIF) chrome price of $296 per tonne, so the combination of higher output and higher profit margin led to an eye-catching 155 per cent increase in both divisional cash profit and pre-tax profit (pre-central overheads) to $17.8mn and $14.2mn, respectively. Furthermore, chrome production guidance of 1.65mn tonnes supports another hefty rise in profit from these operations in the new financial year. The progress made by the chrome and copper divisions made good some of the profit shortfall from Jubilee’s platinum group metal (PGM) operations in South Africa. PGM cash profit plunged 72 per cent from $23.9mn to $6.7mn in challenging market conditions. The average PGM basket price fell by 21 per cent to $1,351 an ounce (oz), and production of 36,411 oz was down 14 per cent, too, as management made the strategic decision to prioritise higher chrome material to boost economic returns. Almost all the $22.3mn capital investment in South Africa was focused on the chrome operations in the financial year. Expect a similar level of PGM production this year. Production ramp-up to drive materially higher profits. So, with diversification of Jubilee’s revenue improving its risk profile, and its chrome and copper operations an increasingly important part of the group, analysts at house broker Zeus Capital anticipate a material change in this year’s profitability, forecasting a doubling of cash profit to $54mn on 27 per cent higher revenue of $260mn. On this basis, both adjusted pre-tax profit and earnings per share (EPS) would rise fivefold to $41.5mn and 1p, respectively, at current exchange rates. Of course, there is execution risk and we have been here before, hence why Jubilee’s share price rallied 68 per cent from 5.3p to 8.9p after I suggested buying the shares at the interim results before giving back the gains, and more (‘Lowly rated Jubilee Mining set to ramp up production and profits’, 26 February 2024). However, with shares in the £140mn market capitalisation company trading on a forward price/earnings (PE) ratio of 4.7 and on less than three times forecast cash profit to enterprise valuation, then the anticipated step change in profit driven by organic growth initiatives is being woefully under-rated, as highlighted by the deep share price discount to Zeus Capital’s 11p-a-share target price. BUY. |
Posted at 12/10/2024 16:33 by genises China’s stimulus package, announced in September, represents a significant injection of liquidity totaling 3.95 trillion yuan ($560 billion), equivalent to over 3% of China’s GDP. The size of this package is substantial, nearing the level of support provided during the Covid-19 crisis. Alongside the Federal Reserve’s recent rate cuts, this should increase liquidity in the financial system in the coming months. Speculators have already begun to re-engage on the long side of the copper market in response. Given that the fourth quarter is historically the strongest for copper, we expect prices to average around $10,265 per tonne in Q4 2024, which would mark a record high.Copper prices in 2024 and 2025: a global overview and analysis Copper's versatile applications and robust demand shape a complex global market outlook for 2024, with stable prices in the US, a mild recovery in China, and weak conditions in Europe, while Q4 forecasts suggest upward price pressure October 11, 2024 By the Fastmarkets team, Boris Mikanikrezai, and Andrew Cole Base metals Copper Copper is one of the most versatile and essential metals in today’s world. With applications ranging from electrical wiring to renewable energy infrastructure, its demand remains robust. But what does the future hold for copper prices? We will draw on insights from our in-house experts (Boris Mikanikrezai and Andrew Cole) when exploring the current global picture. We will provide a copper price forecast for 2024 and a long-term outlook for 2025. Global copper market outlook As we navigate through 2024, the copper market presents a complex global picture, influenced by varying economic climates in major regions such as the US, China and Europe. In the United States, the price of copper remains stable yet subdued, largely due to the seasonal summer lull, with premiums holding steady in the Midwest. Despite challenges, long-term optimism prevails, buoyed by potential supply imbalances and increasing demand for copper in green energy projects. China, a major player in the copper market, witnessed a mild recovery in its physical market during August 2024. The copper grade A cathode premium in Shanghai saw an uptick, reflecting improved market conditions. This recovery is driven by expectations for better import arbitrage conditions post-LME price decline, although challenges remain due to fluctuating prices. In Europe, the copper market remains weak, particularly in Germany – Europe’s largest consumer. Despite some demand from green energy projects, overall market conditions are bearish, with ample stock levels and sluggish performance in the manufacturing, automotive and construction sectors. Short-term copper price forecast for the remainder of 2024 In Q4 2024, copper prices are expected to experience upward pressure, driven by a more favorable macroeconomic sentiment (Federal Reserve rate cuts, stimulus in China), tighter market fundamentals (on expectations for smelter production cuts, a recovery in physical demand in China), positive seasonality (the fourth quarter typically being the strongest) and speculative positioning (rapid rebuilding of long positions). Given these factors, Fastmarkets analysts view the risk-reward profile skewed to the upside for the fourth quarter. In China, the Shanghai premium should continue its recovery in the final quarter of the year, largely due to the improved sentiment following the substantial stimulus measures implemented by the country’s authorities. In the US, spot market activity is projected to remain stable until the year-end, although supply availability could become a little tighter. Meanwhile, Europe might also see quiet spot activity until the remainder of the year, as most consumers are adequately covered by long-term contracts. Improved macroeconomic conditions China’s stimulus package, announced in September, represents a significant injection of liquidity totaling 3.95 trillion yuan ($560 billion), equivalent to over 3% of China’s GDP. The size of this package is substantial, nearing the level of support provided during the Covid-19 crisis. Alongside the Federal Reserve’s recent rate cuts, this should increase liquidity in the financial system in the coming months. Speculators have already begun to re-engage on the long side of the copper market in response. Given that the fourth quarter is historically the strongest for copper, we expect prices to average around $10,265 per tonne in Q4 2024, which would mark a record high. Short-term challenges Lower trading volumes and potential market volatility suggest caution. Despite the expected rise, the market remains sensitive to macroeconomic conditions and geopolitical events. Investors should keep an eye on these factors as they could impact short-term price movements. Long-term copper price forecast for 2025 and beyond Beyond the immediate future, the copper market and the price of copper is poised for a bullish long-term trajectory, driven by the energy transition’s escalating demand. For instance, by 2025 the copper grade A cathode premium in Rotterdam is projected to rise by approximately 25%, reflecting tighter regional fundamentals and a recovering European market. Fastmarkets’ copper long-term outlook remains optimistic. As we move toward 2034, refined copper consumption is set to be driven significantly by sectors linked to the energy transition, including electric vehicles and renewable energy applications. The anticipated structural supply deficit will likely necessitate increased investments in production facilities, further underpinning a bullish outlook for copper prices. |
Posted at 09/10/2024 10:12 by highly geared Due to JLP being 2 years behind where the market thought it would be in terms of reaching the 25ktpa copper production, I think JLP will need to demonstrate tangible progress and actual production numbers, along with some financial meters around how production is positively affecting earnings.Chrome is steady state and the current anchor. The variables remain commodities prices, but JLP need to deliver in the areas under their control. I think we will see the share price improve over the medium term but the next few months may be grinding sideways. |
Posted at 08/10/2024 22:56 by 888icb Here is the conclusion to the IC article:“ Production ramp-up to drive materially higher profits So, with diversification of Jubilee’s revenue improving its risk profile, and its chrome and copper operations an increasingly important part of the group, analysts at house broker Zeus Capital anticipate a material change in this year’s profitability, forecasting a doubling of cash profit to $54mn on 27 per cent higher revenue of $260mn. On this basis, both adjusted pre-tax profit and earnings per share (EPS) would rise fivefold to $41.5mn and 1p, respectively, at current exchange rates. Of course, there is execution risk and we have been here before, hence why Jubilee’s share price rallied 68 per cent from 5.3p to 8.9p after I suggested buying the shares at the interim results before giving back the gains, and more (‘Lowly rated Jubilee Mining set to ramp up production and profits’, 26 February 2024). However, with shares in the £140mn market capitalisation company trading on a forward price/earnings (PE) ratio of 4.7 and on less than three times forecast cash profit to enterprise valuation, then the anticipated step change in profit driven by organic growth initiatives is being woefully under-rated, as highlighted by the deep share price discount to Zeus Capital’s 11p-a-share target price. Buy.” |
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