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NST New Star Fin (See LSE:HFO)

38.75
0.00 (0.00%)
27 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
New Star Fin (See LSE:HFO) LSE:NST London Ordinary Share GB0003286837 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 38.75 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 38.75 GBX

New Star Financial Opp Fund (NST) Latest News

Real-Time news about New Star Fin (See LSE:HFO) (London Stock Exchange): 0 recent articles

New Star Financial Opp Fund (NST) Discussions and Chat

New Star Financial Opp Fund Forums and Chat

Date Time Title Posts
16/4/201918:32Northern Star Resources18
30/9/200912:33NEW STAR FINANCIA OPPS FUND23

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New Star Financial Opp Fund (NST) Most Recent Trades

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New Star Financial Opp Fund (NST) Top Chat Posts

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Posted at 04/9/2018 20:34 by arc en ciel
NST wins bigtime again!

Having kept its profits from the last few years safely stashed away in the bank, it now unleashes a takeover bid for the tier one high-grade Pogo mine in Alaska, owned by Sumitomo.

Not content with already having bought and kept two US mines in W Australia (bought from Barrick and Newmont), it has now bought another from the Japanese in the US. And, of course it still possesses the original Paulsens mine in WA where it all started.

All the time, the company produces gold with high-quality mining, experienced management and consistently successful exploration to expand resources and offset depletion at each mine.

Bill Beament, CEO, has developed from being a leading all-Aussie gold miner into a world player and an international star.

I'm up 1,100% on this investment (bought at Ac65, now A$8.10) but I'm not selling a share. The price of gold is about to recover and also I would not rule out more stunning corporate activity ahead.
Posted at 07/5/2016 20:01 by arc en ciel
bionicdog. Thank you for barking today. It seemed as though I was alone on this board.

I have always had total faith in Bill Beament to achieve great things with his team and his company. However I still cannot believe that I am now up 11 times on this share (Yes a £20,000 investment then is worth £220,000 now.) If anyone goes back on this thread to 2011, they can clearly see that I originally bought at A38.5c and reported the price rising to over A$1 as early as 2012.

Having made a thunderous success of the original mine, Paulsens, by paying back the acquisition cost (A$40m) in just 7 months with gold already in the mine, NST has subsequently bought three Barrick mines and one Newmont mine in Western Australia without effectively raising anything other than short-term loans which have now been paid back. The NST management team then cut staffing and overheads on all the mines they took over by huge percentages and still increased ounces produced.

The company now produces some 700,000 ounces a year at a ASIC cost of some A$1,050 and a revenue of some A$1,700 per ounce. The co is completely debt-free, pays a great dividend and has an increasing mountain of cash to spend on extending mine-lives on all five mines, exploring and developing more mines and also indulge in further acquisitions.

I am certain my investment will continue to grow with the talented management team in control,located in what is probably the best mining jurisdiction in the world for a gold miner.

By the way, I invested in Gold Road (ASX:GOR) at about the same time as NST. This is now up 3.7 times for me. It hasn't done as well as NST as it is at an earlier stage and the grades are not so high.

At the moment I am most excited about Blackham (ASX:BLK) which is located in the same region of W Australia as NST, is restarting an existing high-grade mine with substantial additional exploration upside and is scheduled to commence production within the next three months.
Posted at 27/10/2012 09:51 by arc en ciel
Has now hit $1.31 as a new high and is still climbing strongly on fundamentals not the gold price which is currently depressed at 1700 or so.

Just look at the stream of ASX announcements; it seems as though NST is finding more gold at a quicker rate and, very importantly, at a far higher grade than any other gold developer you could find anywhere in the world. But it's not just an explorer, it's a mid-sized producer targeting 200,000 oz in 2013!

NST's shareprice has trebled since my first purchase last year (at 38.5c) and virtually doubled on my second (at 66.5c). In addition to the capital gains, I've also had a very welcome dividend of some 3%. But at the rate it is adding to its gold resources and production, it should at least double from here in the next year or so. Any serious rise in the gold price will accelerate this. I'm still buying.
Posted at 20/8/2012 13:56 by arc en ciel
Now up to A$1.14, a new all-time high.

But with lots of drilling results to come at its prolific mines in WA, production of 200,000 ozs a year on the plans for 2013, driven expert management and cash in the bank which can be used to acquire more projects, Northern Star looks like a candidate for continued financial success from here ahead.

And a true beneficiary if the gold price continues to rise as I expect.
Posted at 28/11/2011 18:33 by arc en ciel
Hey Bionic.

Maybe you feel lonely on this board but I believe it's the right place to be.

I bought into Northern Star earlier this year at 38.5c and, after noticing the share price seemed to go up and then stay steady without ever falling during the autumn, added earlier this month at 66.5c.

Also I saw some interviews with the CEO which impressed me with his energy and determination to harness the potential at the company's various sites. According to the company, the bonanza grade just declared at Paulsens and to which you have referred is the highest ever recorded at any gold mine in Australia!!Hence the 90c price now.

The target for the end of next year is an annualised 200,000ozs of produced gold; with a present market cap of around A$300m, I reckon this is going over A$1 soon and will progress in 2012 aided of course by a gold price north of US$2,000.
Posted at 16/11/2011 17:32 by bionicdog
November 16, 2011
Northern Star Gets Ready To Redefine The Word “Spectacular” With Drill Results From Paulsens Due Imminently
By Our Man in Oz
The word “spectacular” is about to be redefined, when it comes to gold intersections. Either that, or Northern Star Resources will be on the receiving end of a heavy dose of disappointment when its shares come back from suspension on Thursday 17th November. That’s because the company put itself into a trading halt on the ASX on Tuesday 15th “pending release of spectacular drill results from the Paulsens Gold Mine”.
But given that last week the company’s shares enjoyed a strong upward share price run from assays also described as “spectacular”, and given that the company used the same adjective in its September quarterly report, it had better be pretty good time round. After all, the company filed the mouth-watering assay of up to 638 grams a tonne (20.5 ounces a tonne) without a request for a trading suspension, which means tomorrow’s should be even better. Either that or Northern Star will be accused of gilding the drill results.

After all, that “spectacular” 638 gram intersection managed to move the shares up by A11 cents, or 17 per cent, to A75 cents. That price, the last trade before the ASX agreed to a halt, means that the shares have almost doubled over the past six weeks, and tripled over the last 12 months.

Most of the increased interest in Northern Star can be traced to the Paulsens mine, which it acquired in July last year after paying A$40 million to Intrepid Mines. At the time, Intrepid was seen as getting the better end of the transaction. Not today. Paulsens, under a management team led by Bill Beament, has been the subject of a classic makeover. Costs have been slashed after the company took full control of the mining process, expanded production, accelerated exploration, and acquired nearby assets. This calendar year alone should see Northern Star generate A$40 million in surplus cash from production of 75,000 ounces of gold at a cost of around A$682 an ounce. It will also push ahead with plans to grow the business to 200,000 ounces a year.

Impressive as the financial numbers are, the real interest in Australia today revolves around the straightforward question: what does it take to halt trading in a company because of potentially “spectacular” assays, when a previous spectacular result of 638 grams was not enough to stop trading?

One possibility is that word of the latest assay results has been leaked to the market, though given the tight-lipped nature of the management team a more reasonable explanation is that something ultra-special has been received back from the company’s primary assay laboratory. The initial result is now being re-checked by a second lab to avoid the embarrassment suffered by Venus Metals two weeks ago when it was forced to retract an assay of 4.12 grams per tonne over 82 metres when a check later found minimal gold. Mega oops, and a share price which crashed from A90 cents to A54 cents.

Northern Star, unless the stars are misaligned, will not repeat that mistake because it is in the middle of a busy promotional season, having hauled a tour group of stockbrokers and journalists to its Paulsens site in the iron ore rich Pilbara district of Western Australia last Friday. The first analyst reports from that inspection of the company’s assets have been enthusiastic. Argonaut Securities has describing the drilling results as the best so far – and that was before Tuesday’s suspension request.

Argonaut told clients that the latest drilling confirmed high-grade mineralisation 150 metres down plunge and 50 metres east of the resource envelope reported in March, and that it suggests that two mineralised lodes, Voyager 1 and Voyager 2, might merge at depth. Argonaut wrote that the drill results were a good pointer to the next resource upgrade and represented steady progress in the company’s “two-stage journey from 75,000oz a year to 200,000oz a year.” The company’s plan is to lift output to 100,000 ounces by December next year, and then to add another 100,000 ounces through the construction of a stand-alone plant at the recently acquired, nearby Ashburton project.

At Paulsens is Northern Star has picked up where Intrepid left off, extracting most of its ore from the Voyager 1 orebody while making brisk progress drilling the look-alike Voyager 2 structure. It’s also seeking a third target which it describes as a potential “structural repeat” of the Paulsens quartz host vein on the other side of a gabbro rock intrusion. The theory is that the series of lodes which make up the Voyager system will be repeated in mirror image.

Meanwhile, the production numbers continue to look good. In the September quarter the company produced 17,043 ounces of gold from 84,735 tonnes milled at a recovery grade of 6.74 grams per tonne. But the new material, from the first “spectacular” drill result from intersections in the Voyager 1 lode, compares very well to that. The “spectacular” intersection rang in at 13 metres at 45.1 grams per tonne, with an internal slice in that intercept of 6.6 metres at 82.2 grams, and 0.6 metres at the top assay of 638 grams per tonne.

The super-rich, but narrow assay result is what makes headlines, but the real meat in the Northern Star sandwich lies in thicker and lower grade assays which are following on from earlier results. For instance, on October 13th the company reported 18.8 metres at 62.7 grams per tonne and 6.4 metres at 120.2 grams, assays which have encouraged Bill and his team to locate a third underground drilling rig at Paulsens, and to start designing a new mine plan which will incorporate more ore from Paulsens, and possibly ore hauled from Ashburton too, before it gets its own processing plant. All that is in the future. For now, investors want to see the real meaning of spectacular.
Posted at 30/11/2007 09:02 by jonwig
Bank stocks could be the stocks to lead markets out of the current volatility just as they have led them into this situation, says Paul Goacher, fund manager at EEA fund management.


He believes this could happen even as soon as the next six months. However Goacher says that the hedge fund he runs has not owned any banks recently while EEA overall has held few.

And he says that he will not buy banks until he is certain they have reached their low point and the interbank market opens up again, and is also underweight asset managers. However, Anthony Nutt, fund manager of the Jupiter Income Trust thinks there will be stock picking opportunities among UK financials which are down more than they should be because of pessimism among investors.

He suggests financials and other interest rate sensitive stocks have already discounted so much credit risk, that in a few months time when there is greater visibility the market is likely to rally off a lower base.

Goacher bought back mortgage lender Paragon in October which has since gone down in value because next year it will have do a rights issue to raise financing, as banks are reluctant to lend to each other.

However Goacher says Paragon is still reasonably good quality and believes the stock is worth 300p to 400p. Credit Suisse is also more positive and on Wednesday upgraded its recommendation from "Neutral" to "Outperform" and increased its price target from 145p to 175p.

And last week KBC Peel Hunt upgraded its recommendation on Paragon from "Sell" to "Buy." This is helping the stock to recover which last night closed up 4.52% or 6.25p at 144.5p.

Goacher says Lloyds TSB is good quality because it has been restructuring for seven to eight years and has no sub prime or US exposure. But its share price is still low because quality companies are being brought down by their sector.

But Goacher believes if the share price of such a stock did better then it might encourage other financials up.

He says currently the market is behaving in a sectoral manner, a view also held by Edward Bonham Carter, chief executive and chief investment officer at Jupiter, who says the market making little distinction between stocks and sectors.

But Goacher adds that occasionally you get a good stock which manages to do better than its peers. Today, for example, Alliance & Leicester is up 7.79% at 685p because investors have been encouraged by a positive trading statement, but many other financials are down.
Posted at 21/11/2007 12:04 by ptolemy
Jonwig,
Yesterday evening they issued circulars informing shareholders about the restructuring. They have some interesting proposals (wider mandate, shorting facility, change of index, annual auctions, discount mgt, increased fees!). Worth a read in my view.

Regarding cash - no. it's still invested and subject to day to day changes. However, the xcess cash is some £40 million and so barring an absolute calamity it should payout to ZDP shareholder 168.48p leaving the remained for NST shareholders.
Posted at 18/11/2007 16:20 by jonwig
ZERO DIVIDEND PREFERENCE SHARES ("ZDP Shares")
In issue: 24,675,000

A ZDP Shareholder had an initial capital entitlement of 100p per share at 29 August 2001. This entitlement increases daily to reach 168.48p at the redemption date of 11 December 2007.

ORDINARY SHARES
In issue: 61,500,000

The Ordinary Shares are geared by the ZDP Shares in terms of income and capital, where the ZDP Shares have a fixed entitlement to capital and no entitlement to income.

Dividends expected are 4.4p annually, ie. yield of 6.6% ... paid gross, I think, with 20%
tax to declare.

Latest info:
Posted at 18/11/2007 10:51 by jonwig
NST vs UK Banks ...



20 March 08: NAV 56.8p, share price 56p, disc 1%
New Star Financial Opp Fund share price data is direct from the London Stock Exchange

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