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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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.12 | 0.66% | 18.44 | 1,678,075 | 14:29:58 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 18.38 | 18.48 | 18.72 | 17.88 | 18.40 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | USD 321.61M | USD 60.74M | USD 0.0317 | 5.86 | 356.09M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 14:10:58 | O | 50,000 | 18.3793 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 24/11/2023 | 08:07 | ALNC |  IN BRIEF: Pan African Resources to consult shareholders after dissent |
| 24/11/2023 | 07:00 | UKREG | Pan African Resources Plc Result of AGM & Salient Dividend Dates |
| 22/11/2023 | 09:51 | ALNC | Pan African Resources flags excellent results as annual guidance rises |
| 22/11/2023 | 07:00 | UKREG | Pan African Resources Plc Interim Production Update for half year ending 31.. |
| 13/11/2023 | 10:51 | UKREG | Pan African Resources Plc Director/PDMR Shareholding |
| 13/11/2023 | 10:50 | UKREG | Pan African Resources Plc Director/PDMR Shareholding |
| 10/11/2023 | 12:15 | UKREG | Pan African Resources Plc Director/PDMR Shareholding |
| 08/11/2023 | 14:45 | UKREG | Pan African Resources Plc Director/PDMR Shareholding |
| 07/11/2023 | 13:30 | UKREG | Pan African Resources Plc Director/PDMR Shareholding |
| 31/10/2023 | 07:00 | UKREG | Pan African Resources Plc Notice of AGM & Abridged Annual Financial.. |
Pan African Resources (PAF) Share Charts1 Year Pan African Resources Chart |
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1 Month Pan African Resources Chart |
Intraday Pan African Resources Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 29/11/2023 | 10:48 | Pan African Resources a sleeping giant | 1,592 |
| 28/11/2023 | 16:36 | Pan African Resources - Ripe for Takeover ? | 32 |
| 20/11/2023 | 16:21 | Pan African Minerals - Road to Takeover | 3 |
| 20/10/2023 | 09:09 | Pan African Resources for 2006 (PAF) Moderated | 13,138 |
| 16/11/2015 | 21:02 | Pan African Resources | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 14:10:58 | 18.38 | 50,000 | 9,189.65 | O |
| 14:01:15 | 18.38 | 5,763 | 1,059.20 | O |
| 13:58:53 | 18.44 | 8,933 | 1,647.25 | AT |
| 13:58:53 | 18.44 | 8,798 | 1,622.35 | AT |
| 13:58:53 | 18.44 | 1,037 | 191.22 | AT |
| Top Posts |
|---|
Posted at 29/11/2023 08:20 by Pan African Resources Daily Update 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 18.32p.Pan African Resources currently has 1,916,503,988 shares in issue. The market capitalisation of Pan African Resources is £356,086,441. Pan African Resources has a price to earnings ratio (PE ratio) of 5.86. This morning PAF shares opened at 18.40p |
Posted at 27/11/2023 15:53 by stonedyou Will gold prices increase in 2024? Here's what the experts think.Gold investing has garnered a lot of attention in the last year or so. Gold prices soared, hitting their highest point in over a year, and discount retailer Costco even started selling gold bars online. It's no wonder either: Gold has long been known as a smart hedge against inflation — and with inflation well above the Federal Reserve's 2% goal, many consumers have sought out its protection. Gold is also a portfolio diversifier and, generally speaking, a good store of value in the long run. Despite all this, though, gold prices do fluctuate in the short term. In September, for example, the average price dipped below $1,850 per ounce. By the end of November, prices jumped over $2,000. Will prices top that in 2024? Here's what experts have to say. So, where are gold prices headed next year? Here's where the experts think gold prices will land in 2024. The economy will call for some safe bets One of the big reasons gold has become popular lately — and pricier — is stubborn inflation. And while the Fed has hiked interest rates many times to help quell it, the central bank is still far from its 2% goal. And according to a forecast from WisdomTree Investments, it will stay that way for a while. WisdomTree's forecast currently projects a 3.1% inflation rate at the start of 2024 and a 2.60% rate by the third quarter. This persistently high inflation could push up demand for gold and, subsequently, gold prices. "When inflation rates rise, gold prices often increase as well," says Liam Hunt, a financial writer and analyst for Gold IRA Guide. "If current trends of economic uncertainty and inflationary pressures continue, there could be upward pressure on gold prices. In 1980, gold prices reached a then-record $800 per ounce following years of generationally-high inflation over the preceding decade." Forecasts aren't always right, though. And while WisdomTree currently predicts gold prices to hit a new all-time high next year, if economic conditions worsen, demand for gold could rise considerably, sending prices up even more. As Nitesh Shah, head of commodities and macroeconomic research at WisdomTree, explains, "In other scenarios of the world where economic conditions deteriorate faster and there is greater demand for defensive assets, we could see gold prices rising even further." Explore how gold investing could benefit you here. Gold IRAs help you protect your financial assets with stability If you’re searching for a hedge against inflation, start buying gold coins, bars, and/or bullions. It’s as simple as clicking on your state now. Geopolitical tensions and the election could drive up demand for gold Inflation is an important factor to watch next year if you're tracking gold prices. Geopolitics are another. "Periodically, geopolitical risks, and a flight to safety drive up the demand for gold," Shah says. "Recently, the Israel-Hamas conflict has driven up the geopolitical premium in gold." He's right: After the conflict between Israel and Gaza began in early October, gold prices soared, reaching points not seen since mid-2022. "Fears that an uncontained, regional war could disrupt global markets and supply chains triggered capital flight into gold and away from speculative assets such as high-risk stocks," Hunt says. "Gold is often seen as a safe-haven asset. In times of economic uncertainty or market volatility, investors tend to turn to gold, putting upward price pressure on the yellow metal." Another time investors might flock to a safe-haven investment like gold? That'd be during a presidential election, when some might view a change in leadership as a risk to their finances. "Given the U.S. presidential election in 2024, we expect retail demand for gold to remain high as investors turn to the metal to hedge against what they feel is a risk of an adverse outcome," Shah says. Gold prices will increase Given economic conditions and political tensions, most experts agree that gold prices are going to rise in 2024, as more and more consumers seek out a safe spot to store their wealth. "Gold is the best hedge there is and every portfolio," says Collin Plume, founder of Noble Gold Investments. "We have an average of an economic downturn every 5.5 years. Each time a downturn happens, you need that one asset that will keep you buoyant while you wait for the rest of your portfolio to recover." According to WisdomTree's forecast, gold prices will climb throughout 2024, eventually reaching $2,090 per ounce by the third quarter. In its "bull" forecast, the firm projects prices could get as high as $2,300 per ounce. |
Posted at 23/11/2023 14:46 by stonedyou Berenberg Bank Reaffirms “Buy” Rating for Pan African Resources (LON:PAF)Posted by Defense World Staff on Nov 23rd, 2023 Berenberg Bank reaffirmed their buy rating on shares of Pan African Resources (LON:PAF – Free Report) in a report released on Wednesday morning, MarketBeat.com reports. The brokerage currently has a GBX 25 ($0.31) price target on the stock. Pan African Resources Price Performance PAF stock opened at GBX 16.44 ($0.21) on Wednesday. The stock has a market capitalization of £315.65 million, a PE ratio of 544.00, a price-to-earnings-gr The business also recently disclosed a dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Thursday, November 30th will be given a dividend of GBX 0.75 ($0.01) per share. The ex-dividend date is Thursday, November 30th. This represents a dividend yield of 5.35%. Pan African Resources’s dividend payout ratio (DPR) is presently 3,333.33%. Pan African Resources PLC engages in the mining, extraction, production, and sale of gold in South Africa. The company's flagship projects include the Barberton Mines that consists of three underground mines, including Fairview, Sheba, and Consort located in the Barberton Greenstone Belt; and Elikhulu tailings retreatment plant in Southern Africa. |
Posted at 22/11/2023 10:29 by stonedyou Pan African Resources positioned for 'excellent results’ thanks to improving gold volumes.Published: 08:11 22 Nov 2023 Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) (PAF) is positioned to deliver "excellent results" for the full financial year, chief executive Cobus Loots told investors. The gold miner, in an interim production report released today, said half-year gold output was between 94,000 and 98,000 ounces – representing a 2% to 6% improvement on the same period a year ago. Operationally, PAF said it is performing in line or better than anticipated across it portfolio. The Barberton mine yielded 37,000 to 38,000 ounces, with a switch to continuous mining operations providing higher tonnage and grades, whilst the Evander mines contributed 20,000 to 21,000 ounces which was also an improvement helped by grade and improved "conveyor availability". At the Elikhulu tailings, the company produced 27,000 to 28,000 ounces. Meanwhile, Evander surface operations yielded 2,000 ounces and tailings retreatment at Barberton contributed a further 8,000 to 9,000 ounces. For the full year, PAF is now expecting production in the range of 180,000 to 190,000 ounces, up slightly from prior guidance of 178,000 to 190,000. “The expected production performance for the half year to December 2023 positions the group to deliver excellent results for the full financial year,” said Loots. “The continued momentum with the construction of the MTR plant at the group’s Mintails project is again testament to our track record of bringing world class tailings retreatment projects to account. “MTR is expected to commence production at the end of 2024, and will add some 50,000 oz/yr to group production, increasing our annual output by some 25%.” |
Posted at 21/11/2023 11:44 by xb6 Nice to see a new dedicated thread for PAF and a place to discuss the future possible Takeover.Personally i think its very very likely. Great take on things there 1_dma !1_dma - 21 Nov '23 - 10:19 - 1 of 4 Pan African Resources could now be a PRIME takeover target for either an existing regional player or indeed a new entrant looking for producing Gold assets in South Africa.The company has been steadily building its output and reducing debt, and has been paying healthy dividends to shareholders for a number of years now. Yet this progress has not translated into a fair market valuation compared to its peers in the sector so far and surely makes it vulnerable to a takeover approach. PAF currently has a PE "price to earnings ratio " of around 3 compared to sector averages of 10+ ,but has a record of paying an over average sector dividend of around 6% ( compared to sector average of 3% ). The current Gold Mining enviroment and high commodity prices also make Pan African even more attractive given its industry leading profit margin of near 20% and very high ROE ( return on equity ) |
Posted at 17/11/2023 11:41 by justiceforthemany If you care about PAF and the share price please send an email to the company secretary and investor relations. |
Posted at 17/11/2023 10:53 by dantee Wheaton International have just bought a Pre-Production South African Gold Asset for a very tidy sum !Makes you wonder what sort of value PAF would attract on a bid - i suggest many times its current share price |
Posted at 13/11/2023 17:23 by justiceforthemany If you're a shareholder here and want the share price to rise then email Investor Relations because the share price consistently closes at a lower price than the JSE in SA. There is blatant manipulation going on here keeping the share price suppressed.Why is PAF trading at just 3-4x P/E? hhira@paf.co.za |
Posted at 20/9/2023 11:37 by justiceforthemany EDISON RESEARCHValuation: Cheap by any measure Despite making a number of adjustments to our model to reflect updated circumstances, as well as guidance, our core (absolute) valuation of the company remains almost unchanged at 34.59c (cf 34.24c previously), based on projects either sanctioned or already in production. However, this valuation rises by a further 18.59–23.61c if other assets (eg Egoli) are also taken into account. Alternatively, if PAF’s historical average price to normalised HEPS ratio of 8.4x in the period FY10–23 is applied to our FY24 and FY25 forecasts, it implies a share price of 36.29p in FY24, followed by one of 38.22p in FY25. As such, PAF’s current share price of 14.28p could be interpreted as discounting normalised HEPS falling to 2.12c per share (cf 5.40c/share and 5.69c/share for FY24 and FY25 forecast, respectively). In the meantime, PAF remains cheaper than its principal London- and South African-listed gold mining peers on at least 94% of commonly used valuation measures if Edison’s forecasts are used and 86% of the same measures if consensus forecasts are used, which collectively imply a share price of 27.24p on the basis of our year one EPS and 35.17p based on our year two EPS. Finally, we estimate that PAF has the sixth highest dividend yield of any precious metals mining company, globally (cf the 10th highest previously). In the meantime, its enterprise value equates to just US$9.41 per resource ounce of gold. |
Posted at 14/6/2023 15:23 by justiceforthemany Valuation: Still closer to 30p than 20pNotwithstanding 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. |
Posted at 03/3/2023 16:15 by stonedyou Valuation: Closer to 30p than 20pPan African is cheap!*!*! relative to both its historical trading record and its peers. Our core (absolute) valuation of the company has risen by 4.1% to 32.59c (cf 31.30c previously), based on projects either sanctioned or already in production. However, this valuation rises by a further 16.09–21.11c (13.30–17.45p) once other assets (eg Egoli) are also taken into account. Alternatively, if Pan African’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 29.53p in FY23, followed by 30.49p in FY24. As such, PAF’s current share price of 14.60p could be interpreted as discounting normalised HEPS falling to 2.13c/share (cf 4.44c recorded in FY22 and 4.17c forecast in FY23). In the meantime, PAF remains cheaper than its principal London- and JSE-listed gold mining peers on at least 86% of commonly used valuation measures, which collectively imply a share price of 36.8p in FY23 and one of 33.3p in FY24. Finally, in FY23, Pan African still has the 11th highest dividend yield of any precious metals mining company, globally. |
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