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PAF Pan African Resources Plc

20.70
-1.15 (-5.26%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pan African Resources Plc LSE:PAF London Ordinary Share GB0004300496 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.15 -5.26% 20.70 20.70 20.80 22.00 20.65 22.00 4,309,796 16:29:49
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 321.61M 60.74M 0.0317 6.53 396.72M
Pan African Resources Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker PAF. The last closing price for Pan African Resources was 21.85p. Over the last year, Pan African Resources shares have traded in a share price range of 11.92p to 22.30p.

Pan African Resources currently has 1,916,503,988 shares in issue. The market capitalisation of Pan African Resources is £396.72 million. Pan African Resources has a price to earnings ratio (PE ratio) of 6.53.

Pan African Resources Share Discussion Threads

Showing 10926 to 10946 of 14950 messages
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DateSubjectAuthorDiscuss
24/9/2019
17:37
The best indicator as to the movement of the share price I have found is gold price in South African Rand.

If the price of gold in Rand increases the share price of PAF increases.

If the price of gold in dollar increases and the price in Rand decreases the share price usually falls i.e. follow the Rand price.

What I do now when I get up at around 07:00am I check the gold price in Rand if it is up then PAF share price will either stay put or rise at 08:00am when trading starts.

macthepak
22/9/2019
16:24
Russia’s Massive Gold Stash Is Now Worth More Than $100Bln


Russia’s long-running bet on gold is looking better every month.

The country quadrupled gold reserves in the past decade as it diversified away

from U.S. assets, a move that has paid off recently as haven demand sent prices to

a six-year high. In the past year, the value of the nation’s gold jumped 42% to

$109.5 billion and the metal now makes up the biggest share of Russia’s total

reserves since 2000.

Russia’s central bank has been the largest buyer of gold in the past few years as

President Vladimir Putin seeks to break reliance on the U.S. dollar as relations

between the countries remain strained. If Russia did need to tap its gold holding,

it would fetch a hefty price — the metal is heading for the best year since 2010

as the U.S.-China trade war hurts global growth and central banks ease monetary

policy.

“Russia prefers to cushion its macroeconomic stability through politically neutral

tools,” said Vladimir Miklashevsky, a strategist at Danske Bank A/S in

Helsinki. “There is a massive substitution of U.S. dollar assets by gold — a

strategy which has earned billions of dollars for the Bank of Russia just within

several months.”






Putin’s Big Bet on Gold Is Paying Off

Russia isn’t alone in hoarding gold. China, Kazakhstan and Poland have been among

the biggest buyers in the past couple of years, and global holdings are expected

to increase for a while yet.

Not all of Russia’s moves are paying off. Last year, the central bank shifted

about $100 billion of U.S. holdings into euros, yuan and the yen, and since then

the Chinese currency has dropped. Russia also missed out on the rally in U.S.

Treasuries.

Russia may keep buying gold to compensate for those other losses in its reserves,

said Kirill Tremasov, a former Economics Ministry official and now director of

analysis at Loko-Invest in Moscow. So far it’s working, with gold up 18% this year

to $1,508 an ounce.

For Russia at least, it’s more about diversification than benefiting from the

price. The central bank started buying gold more than a decade ago as it rallied

toward 2011‘s record, and kept adding when prices dropped in the following few

years.

“The central bank is unlikely to have pursued the goal of earning in the process

of managing gold reserves,” Dmitry Dolgin, an economist at ING Bank, said by

email. “The buying was rather about diversification of assets.”

stonedyou
21/9/2019
16:26
JP Morgan Gold Rigging a Fraction of the Story | Chris Powell, GATA.org


JP Morgan’s Precious Metals Desk Was a Criminal Enterprise, U.S. Says

You can read more of our reaction in the link above.

Chris Powell of the Gold Anti-Trust Action Committee (GATA.org) drops by to discuss this US Department of Justice RICO criminal lawsuit against the Global Head of JP Morgan Precious Metals Trading Desk and other silver, gold, platinum, and palladium trading executives at the too-big to restructure bank.

We dig not only in the details of the train wreck that is JP Morgan in 2019 but also how disgraced the LBMA and CME Group's COMEX NYMEX are by association and public record documentation.

This bombshell lawsuit is just a fraction of the story to likely unfold

stonedyou
20/9/2019
21:22
Stoned indeed... agree about introducing an interim dividend come H1 in Feb however as EPS in H1 alone should come in around 1.7p.
justiceforthemany
20/9/2019
19:31
Yes - but that is only £120,000 so not a huge amount ........(yet😀;)
DL

davidlloyd
20/9/2019
16:52
Cobus now holding over 1 Million shares here.
justiceforthemany
20/9/2019
16:52
ZAR gold price surging to all time highs again.
justiceforthemany
20/9/2019
06:45
Yep Cobus and Deon adding yesterday. Explains the recovery mid afternoon. In a fair market one could argue PAF should be trading at 30p minimum which is still <10x earnings. Sylvania Platinum and Anglo Asian just two examples that doubled and tripled in the past year.
justiceforthemany
20/9/2019
06:32
Healthy buys too to be fair
astjgroom
20/9/2019
06:14
Two director buys ;-))
astjgroom
19/9/2019
14:52
Seems to have recovered.
justiceforthemany
19/9/2019
09:14
Yep not sure why so bad reaction to good results
juuunx2
19/9/2019
09:12
hxxps://www.businesslive.co.za/bd/companies/mining/2019-09-19-watch-how-pan-african-resources-resumed-payouts/
justiceforthemany
19/9/2019
08:31
This selling makes no sense - down 6%.
A P/E of 3 not low enough?!

justiceforthemany
18/9/2019
20:27
Great post very informative
juuunx2
18/9/2019
17:08
Crux Investor CEO interview
justiceforthemany
18/9/2019
17:06
Analysts at Peel Hunt expect adjusted earnings per share of 4.2¢/3.4p for the year to June 2020, and 3.7¢ in FY2021.
Miner Pan African Resources (PAF) has entered its new financial year “with confidence, a firm grasp on our cost base, and in a good position to benefit from the current gold price environment”, reckons chief executive Cobus Loots.

justiceforthemany
18/9/2019
15:01
Cobus Loots CEO has done a video interview today with Cruxinvestor
matthewgordon
18/9/2019
14:53
Investors Chronicle forecasting EPS of 3.4p for 2019-20. Trading at 3.5x earnings. Ridiculous.
justiceforthemany
18/9/2019
11:44
This dip in the price could be the final buying opportunity before full lift off
spaceavenger
18/9/2019
08:16
Actually if gold stays at 1500 dollars EPS should break 3p putting shares on a P/E of just 4 right now.
justiceforthemany
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