ADVFN Logo ADVFN

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.

Hot Features

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

PAF Pan African Resources Plc

26.85
-0.65 (-2.36%)
25 Jun 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
  -0.65 -2.36% 26.85 26.95 27.20 27.65 26.70 27.50 1,697,761 16:35:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 321.61M 60.74M 0.0317 8.50 516.5M
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 27.50p. Over the last year, Pan African Resources shares have traded in a share price range of 12.00p to 28.15p.

Pan African Resources currently has 1,916,503,988 shares in issue. The market capitalisation of Pan African Resources is £516.50 million. Pan African Resources has a price to earnings ratio (PE ratio) of 8.50.

Pan African Resources Share Discussion Threads

Showing 14576 to 14595 of 15075 messages
Chat Pages: Latest  591  590  589  588  587  586  585  584  583  582  581  580  Older
DateSubjectAuthorDiscuss
15/6/2023
11:26
Do you have any stake here stoned or do you just like a good old rant?
justiceforthemany
14/6/2023
16:23
Valuation: Still closer to 30p than 20p

Notwithstanding our earnings forecast reduction, PAF remains cheap relative to both its historical trading record and its peers. Our core (absolute) valuation of the company has risen by 4.8% to 34.17c (cf 32.59c previously), based on projects either sanctioned or already in production, with all of the increase effectively attributable to the recent decline in the value of the rand against the US dollar. Moreover, this valuation rises by a further 17.06–22.08c (16.09–21.11c preciously) once other assets (eg Egoli) are also taken into account. Alternatively, if PAF’s historical average price to normalised HEPS ratio of 8.6x in the period FY10–22 is applied to our FY23 and FY24 forecasts, it implies a share price of 26.56p in FY23 (cf 29.53p previously), followed by one of 32.74p in FY24. As such, PAF’s current share price of 13.50p could be interpreted as discounting normalised HEPS falling to 1.94c per share in FY23. In the meantime, PAF remains cheaper than its principal London- and South African-listed gold mining peers on at least 83% of commonly used valuation measures, which collectively imply a share price of 35.06p in FY23 and one of 35.09p in FY24. Finally, we estimate that PAF still has the 13th highest dividend yield of any precious metals mining company, globally.

justiceforthemany
13/6/2023
16:56
empty heads out in force today
lyceeuk
06/6/2023
21:28
Bloomberg reporting there has been no loadshedding for several days now. Needs to continue but if it does PAF is seriously undervalued.
justiceforthemany
06/6/2023
09:27
astjgroom - Good call!
blue59
01/6/2023
19:48
Edison still looking for 35p with upgraded earnings even after the problems.
tuscan4
30/5/2023
11:37
They already had a decent enough holding but the way Cobus and Hethen Hira of IR store up bad news and have leaks is far from satisfactory. They need to ramp up solar power ASAP. Depreciation of the Rand should help margins.
justiceforthemany
30/5/2023
11:36
Agree. Good to see inside buying, but in this case, I think they may not look big enough purchases to reverse the current trend here. Some of the early morning sells looked like an ii as well, but I could be wrong. Still watching, but not buying, at the moment. GLA.
lovewinshatelosses
30/5/2023
09:25
Far too few to be effective, and as such, counterproductive.
blue59
30/5/2023
07:42
Yes, 200K shares by Cobus and 230K by the FD. Helps show they have confidence
2vdm
29/5/2023
14:06
Up 8% in SA
Perhaps directors have finally added...

justiceforthemany
26/5/2023
21:51
I used to think like you but P/E's and fundamentals no longer matter in the market today.
It is psychotic and mad.
All about the trend.
South Africa is seen as risky now and out of favour so I doubt much new money will be invested here or in SA stocks.
Going back to trends look at what is happening with AI.
Or crypto in 2021. Peloton, Zoom, Beyond Meat. Tesla. Ramped up to the hilt and then crashed.
You say P/E of 4 or 5? Yes true but this market simply does not care. It has its favourites and even if they are trading at 100x earnings that is not seen as expensive.
Stupid I know but this statement is true based on many years in the market.
Ocado never made a profit but hit 3000p a share. A couple of years later it is at 400p.
Sylvania Platinum is trading at a P/E of just 3.
Barclays is at a P/E of 4.5 and a third of its book value.
Vodafone is also now trading at just 0.4x book value.
Fundamentals do not matter now. The posh conceited arrogant city boys in the big banks manipulate markets as they wish.
All about Nvidia and AI now. Ride the wave while it lasts....

justiceforthemany
26/5/2023
17:20
I agree with 2vdm. I am a long term holder and have added today. Excellent management. S Africa seems to be regaining a little sense so I don't fear the government. They badly need their gold mining sector to regain capacity and I believe that they will become more mining friendly in the coming years. P/E could still be 4/5 this year and 3/4 next year / Also likely to be divs as B/S in good shape.
tuscan4
26/5/2023
15:55
Really? Winter is coming in SA. Load shedding ++. Possibly more deaths. Nationalisation risk. Gold price already at record highs, could slump. So many risks + very leaky and rogue ship. Why are you adding?
justiceforthemany
26/5/2023
15:20
I've been watching this today and am a LTH. I think Cobus is very capable and have added , as I think PAF will overcome these immediate problems.
2vdm
26/5/2023
12:56
Cobus used to be good but not so sure anymore. Power issues are outside his control but Mintails is a risky and unnecessary project at this time.
justiceforthemany
26/5/2023
12:21
just bought my first modest tranch - if it goes down another 10% I'll buy another one.
farrugia
26/5/2023
12:11
Hethen Hira from Investor Relations is another disgrace.
Insider trading is rife make no mistake.
Almost like the company has been saving up all the bad news to kitchen sink it.
What chance do PI's have?
All about trend.
Marks Spencer has been frozen for months, results out this week, surges 12% in a bad market. Insiders knew it would be good.
Same thing going on with Centrica.
Bar stewards especially FCA.

justiceforthemany
26/5/2023
09:55
its not tiger's fault. this is a very tricky market. it is like ditching bullets - i think this is a good company although sentiment won't help it in the short-term.
farrugia
26/5/2023
09:54
Not a good start to the day or end too the week. Now we know why it was so slow too respond to increase gold price. Bloody thieves every where you look, is getting as bad as the yanks, insider trading and friend to friend saying, don't be in a rush we have a problem. Should lock the bloody lot up and throw away the key. This is what has killed the planet, pure bloody greed. It's getting to be that the best place to be is on the farm far from anyone and do as much as you can yourself. A bit like me. Please I only had one batch left
cinoib
Chat Pages: Latest  591  590  589  588  587  586  585  584  583  582  581  580  Older