ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

PAF Pan African Resources Plc

20.70
0.00 (0.00%)
19 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
  0.00 0.00% 20.70 20.70 20.80 - 0.00 00:00:00
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 20.70p. 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 11026 to 11044 of 14950 messages
Chat Pages: Latest  442  441  440  439  438  437  436  435  434  433  432  431  Older
DateSubjectAuthorDiscuss
27/12/2019
18:53
A much better UT for a change.
Back above 11p.
H1 ends 31st Dec.

justiceforthemany
27/12/2019
14:59
A balance for my last post.

hxxps://masterinvestor.co.uk/magazine/?utm_source=Daily+Bulletin&utm_campaign=4b9e2e5eb1-MI_Magazine_Alert_December_2019_DB&utm_medium=email&utm_term=0_25eff0bb7f-4b9e2e5eb1-34899473#

Sam

sambuca
27/12/2019
14:45
This article is taken from our FREE daily investment email Money Morning.

Every day, MoneyWeek's executive editor John Stepek and guest contributors explain how current economic and political developments are affecting the markets and your wealth, and give you pointers on how you can profit.

Sign up free here.

Over the Christmas period, we have a special treat for you – regular MoneyWeek contributor Charlie Morris explains why he thinks that gold could rise to more than $7,000 an ounce. Check out the first instalment below.

A year ago, in my occasional free newsletter, Atlas Pulse, I upgraded gold – which was trading at $1,239 an ounce at that point – to “bull market” status for the first time since 2012.


Unlike the gold bugs, I’m not a broken record. And unlike the barbarous relic brigade, I recognise gold’s importance in the modern world.

I analyse the gold price and outline the bull/bear regime with the reasons why. It is an evidence-based approach with an enviable track record. I tell it how I see it and find the air-punching narratives tedious. You won’t find one here.

As I write, the gold price is $1,475, up 15% this year having touched $1,550 (+21%) in September 2019. If the current price holds, this will turn out to be the best year for gold since 2010. And as we move into 2020, I bring further good news; this bull market has legs.

In fact, a bullish target of $7,166 is logical and plausible.

I’ll get on to how that could happen in Monday’s Money Morning. But for now, let’s start with the basics…

Here’s what a gold bull market looks like
An Atlas Pulse bull market in gold has three conditions that I came up with more than a decade ago:

1. Easy money (US cash real interest rates below 1.8%)

In 2019, the Federal Reserve stood back from further rate hikes, and we’ve seen an increase in the balance sheet, as tapering has reversed course. “It’s not QE,” they say – but it doesn’t smell quite right regardless. Whatever it is, the Fed’s balance sheet is growing again and policy is easy.

2. The long-term gold trend in non-dollar terms must be positive

This simple test ensures we don’t mistake dollar bear markets for gold bull markets. Since 2000, the world’s best currencies have been the Swiss franc and the Thai baht, and gold recently broke higher in both. That implies that gold is rising everywhere.

3. Gold must be beating the stockmarket

Few seem to recall that gold is still the best-performing mainstream asset of the 21st century. It has smashed global equities, which have been held back by poor performance in Europe and Japan. Gold has also managed to stay ahead of US equities, which have been strong since 2013.

Gold even managed to keep up with the emerging markets – they remain the leading equity region to this day, if only just. Gold remains in the lead despite a savage bear market between 2011 and 2016 and having no yield to fall back on. It’s a remarkable achievement, that most people probably don’t realise.

But we want to look forward, not back. You can’t escape that equities nudged past after the 2011 peak. The relative position is important, because investors need to know that they can allocate large sums of money to gold without missing out on equity performance.

If equities are lacklustre or troubled, it’s an easy decision to make. But if they are strong, like they are now, it’s harder.

I can’t promise that US equities will face imminent collapse, but for gold to rally, they don’t need to. The largesse in equities has, in part, come from economic growth, but bigger drivers have been easy money, financial engineering and stimulus.

As we step into 2020, with the threat of tightening behind us, there is no reason for gold to lag equities in future. A Goldilocks scenario (just the right amount of inflation) seems to be unlikely, because we’ve already had that. And since late 2018, asset returns seem to have broadened out. It’s no longer just about US equities.

Can gold start to pull ahead of US equities again as 2020 beckons?
The chart below shows gold versus US equities over the past five years. Gold (reading of 80), means it has only lagged by 20% in a roaring equity bull market dating back five years, which isn’t very much at all.

Gold price chart

And since September 2018, gold has been beating equities, with higher highs and higher lows. A new high above 92 would generate significant confidence in the gold market, as that would bank four years of outperformance. It really wouldn’t take much for that to happen.

In short, the Atlas Pulse conditions for a gold bull market are met. I said that this time last year, and I am reiterating that point now. Equity outperformance could be a little stronger, but at least there’s no material lag.

On Monday, I’ll turn to the one thing that could change everything. This has the power to turn a dreary bull market, driven by falling bond yields, into something you can really sink your teeth into.

Sam

sambuca
24/12/2019
13:48
Patience is a virtue
tuscan4
24/12/2019
13:35
Ridiculous UT again. Has cost us about 0.5p. Up strongly to 200 ZAR JSE today = 10.90p.
justiceforthemany
18/12/2019
19:21
January may see us back over $1500
astjgroom
18/12/2019
13:09
just consolidating before golds next move upwards later this month
lovegod2
16/12/2019
18:12
Yes not sure why we are falling tbh
juuunx2
16/12/2019
17:47
Closed 10.1p when the equivalent JSE price should be 10.4p.
Ridiculous mis-match.

justiceforthemany
14/12/2019
12:17
Power issues seem to have resolved for now at least. H1 to Dec end. Gold price substantially higher than same period last year.
justiceforthemany
10/12/2019
14:18
ZAR gold +332
Eskom electricity issues with load shedding - unclear how much of an impact this may have with PAF but is probably the reason share price is being held down. Tailings projects should be OK.

Ex dividend on Thursday.

justiceforthemany
05/12/2019
16:48
Well I added a few more on intraday low.
juuunx2
05/12/2019
11:34
21,592.22
+68.32
+0.32%

justiceforthemany
03/12/2019
18:33
Yep gold is surging but PAF static.
Trading at just 4x earnings.

H1 results in Feb with H1 ending 31.12.2019

ZAR gold price from July-December has been a good 20-25% higher than the equivalent period last year.

justiceforthemany
29/11/2019
14:32
Shareholders are advised that, following the approval of the final dividend at the AGM, the exchange rate for conversion of the final dividend into GBP is a fixed exchange rate of ZAR/GBP:19.0825 which translates to a final GBP dividend of 0.11725 pence per share and the exchange rate for conversion of the final dividend into USD is a fixed exchange rate of ZAR/USD: 14.74 which translates to a final USD dividend of 0.15179 US cents per share.

The dividend will be distributed from South African income reserves.

The following salient dates apply:

Currency conversion date Thursday, 28 November 2019
Currency conversion announcement released by 11.00 (SA time) Friday 29 November 2019
Last date to trade on the JSE Tuesday, 10 December 2019
Last date to trade on the LSE Wednesday 11 December 2019
Ex-dividend date on the JSE Wednesday, 11 December 2019
Ex-dividend date on the LSE Thursday, 12 December 2019
Record date on the JSE and LSE Friday, 13 December 2019
Payment date Monday 30 December 2019
Notes



Pan African Resources Plc - PAF
Result of AGM & Salient Dividend Dates
Released 07:00 29-Nov-2019

piter345
29/11/2019
10:20
No update at the AGM. In fairness no update at the last AGM either.
frazboy
28/11/2019
17:43
Unusual there has been no RNS after the AGM.
justiceforthemany
28/11/2019
15:41
Great bets.
piter345
28/11/2019
11:29
Nope - I'm kinda hoping that as we have received no RNS, there is nothing to tell, and thus production is on track.
frazboy
Chat Pages: Latest  442  441  440  439  438  437  436  435  434  433  432  431  Older

Your Recent History

Delayed Upgrade Clock

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com