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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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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.business | 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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