Pan African Resources Share Discussion Threads

[justiceforthemany] 03/7/2023 16:26

Results soon and future guidance
Forward P/E 3.5

[justiceforthemany] 27/6/2023 16:44

UK price is now consistently below the equivalent SA/JSE price yet they do nothing. Not by a small amount either. Dragging the whole thing down.

[justiceforthemany] 26/6/2023 12:33

Gold is rising.

[blue59] 22/6/2023 17:19

Tripled my holding today.

[justiceforthemany] 22/6/2023 16:26

Fill yer boots!

[blue59] 22/6/2023 14:44

This drop seems inexorable.

[ih_103516] 21/6/2023 08:06

With gold still near all time highs PAF is trading nearer all time lows. Honestly you would think the lights were going out. At these silly prices PAF should use their profits to buy back their own shares. Much better too than paying out large tax inefficient dividends.

[justiceforthemany] 20/6/2023 17:25

Absolutely savage sell off intra day once again.

[spaceavenger] 20/6/2023 12:51

I would sell 35p. I wouldn't trust the market makers not to tree shake them all the way back down again

[cinoib] 19/6/2023 20:02

Justice, add the yanks too that as they come top n my book for out right theft and manipulation, which isn't surprising considering there heritage.

[justiceforthemany] 17/6/2023 23:25

Harmony Gold and DRD Gold are at record highs. Both SA listed gold miners.
So sad the regulators have allowed the short sellers to control and suppress the FTSE for so long now. So many of my stocks even large caps are trading at super low P/E's, I am talking insanely low. Barclays, Shell, L&G, Vodafone, BT, Phoenix are all well below 10, some have a P/E below 5 like this. Sylvania Platinum has a cash adjusted P/E of THREE.
Short sellers = Immoral corrupt Ba*tards.
Whoever works for/knows the FCA well they are absolutely useless ba*tards also.

[creditcrunchies] 16/6/2023 20:02

African politics has always been a mess the problem you get is back handers and deals with cash in paper bags or offshore accounts. None of them are interested in the big picture it's all about making as much money for themselves and screw the population. Which is why their citizens are totally reliant on aid even though the continent is rich with mineral resources. The Russians and Chinese are just manipulating the entire continent they're the new empire builders

[lovewinshatelosses] 16/6/2023 17:47

All about the geopolitics here. Nothing more, nothing less IMO. Therefore, the gold price is far less relevant. Feels like it is spreading across Africa, not just SA. Latest example being the comments of the President of Kenya about dumping the USD (source: Today News Africa channel).

[justiceforthemany] 16/6/2023 14:32

I thought the stock market was 'regulated'???

[justiceforthemany] 16/6/2023 12:12

Opened at 14p, down below 13p now? WTF?
Gold price is up!

[astjgroom] 16/6/2023 09:10

Yes, I've also ready power shedding has been reduced, seme down to good weather with renewables and the rest down to price rises that has reduced consumption. However they reckon still two years away from a better situation...

[justiceforthemany] 15/6/2023 22:49

The realised gold price during Pan African’s operational update was just over R1m/kg produced. That’s risen to more than R1.2m/kg — worth an additional R750m in after-tax profit, according to Loots.

That’s why analysts are upbeat about Pan African. In fact, the stock may be a rare opportunity for investors who were slow to lock in rand hedge options. In addition, Loots believes the continuous operations project, which requires a change in mindset for employees, is gathering momentum. Pan African’s restated production for the year is conservative.

“We remain constructive and see an opportunity to add on weakness,” said Richard Hatch, an analyst for UK bank Berenberg. Quoting Pan African’s UK valuation — the company has a dual listing — he has a 27 pence a share target price. Raj Ray, an analyst for BMO Capital Markets, argued for 25p a share.

“A lot of bad news seems to be already priced in,” said Arnold van Graan, an analyst for Nedbank Securities. “Steps have been taken to address the issues and it seems as though some of these initiatives are starting to yield results.”

The company will be “highly cash generative” despite the recent operational setbacks, he said. That is good news for dividends, which Pan African has promised to maintain.

[justiceforthemany] 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.

[lyceeuk] 13/6/2023 16:56

empty heads out in force today