Petmin Share Discussion Threads

[kayaks] 11/11/2011 12:03

Had some PTMN shares a while ago and will buy again when i have freed up some cash the ironsands project in canada seems to be an excellent investment, but in the meantime have some O/T news. Universal coal a junior coal miner in SA has had its share price re-rated and will become a serious competitor to cza in the future.

"Our sum-of-parts valuation for UNV has increased 10.5% from $0.76 to $0.84 chiefly from the increased resources in the coking coal assets which out-weighed the reduction in peer group EV/t multiples."



Sydney broker Canaccord BGF whose report is on the UNV website has rated the shares at A$1.00. dyor


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[hieronymous1] 22/9/2011 03:04

S Africa's Petmin to invest $25m in Canadian iron sands JV

[hieronymous1] 05/9/2011 11:20

Interesting article in the FT today on why South Africa has largely failed to benefit from the commodities super cycle, especially compared to Australia.


Gold and diamonds are being mined at ever greater depth and expense. Electricity is hard to come by. Ports and railways are choked. Black empowerment has been disruptive and slow to show results for the poverty stricken mass of blacks.

This gives the opportunity for Julius Malema, rabble rouser in chief for the ANC Youth Wing, to cause more trouble. His threats of nationalisation have frightened off investors leading to increased uncertainty and higher unemployment.

So are we simply the victims of macro factors?

[hieronymous1] 11/8/2011 13:39

Baffled why today's announcement re Red Crescent should produce such an adverse reaction. It is not exactly news, this call on the company has been expected since May.

Any ideas?

[nellie1973] 03/3/2011 15:55

Broker upgrade

[jpcarvil] 31/1/2011 14:07

added some more petmin here

[kayaks] 18/10/2010 15:11

Have again topped up with NVTA well worth a look, no advice intended.

[acamas] 08/9/2010 12:45

Hi Lobby,

It is great when a company pays a dividend brings them onto the radar of more investment houses who are always interested in Growth Companies paying dividends

[lobby ludd] 08/9/2010 12:35

Results announced today, including a maiden divi of 6c (paid in £s ?).
Any comments ?

[acamas] 25/8/2010 11:44

How will todays news impact on the share price?

I am aware it is 3 years off but over the life of the investment is it worth in revenue on todays pig iron prices per mt around $1.32 american billion ($1000 million equals 1 billion) to Petmin for their 25% share in Veremo

[lobby ludd] 22/7/2010 14:09

Some news at last with today's announcement.....anthracite production to be doubled by end of 2011 and company has R230 cash.
Reaction up 7% in Joburg, but down 7% in London !

[kayaks] 19/4/2010 15:37

I agree Acamas, it would seem that the share sale today on AIM was someone who saw the 30 million trade on the JSE on thursday and friday last week and panicked. As the saying goes buy on rumours and sell on facts.

[acamas] 19/4/2010 15:30

Kayaks,

Clients of Dark Capital? I dont think Mr du Preez would have bought 15 million if Dark Capital were going negative on PETMIN. So I agree todays dealings are a step towards the positive

[kayaks] 19/4/2010 15:22

Martin sold 30 million shares and du Preez bought 15 million,would the reason for the Martin sale be so that duP could buy his 15 million and who bought the other 15 million?, anyway the duP purchase must be good news. There may be some news forthcoming. IMHO

[kayaks] 15/4/2010 12:03

Just topped up with a few more, if the non-exec can buy so can I. Last bought at 13p. It would seem that since May 2009 CZA shares have tripled whilst PTMN only doubled, hope we would be triple soon too. I also topped up on NVTA good prospects.

[kayaks] 10/4/2010 09:57

[I did not actually realise that coal prices have doubled and Chinas's imports of coal have tripled and that rain in Oz has curtailed exports, the result of this is that prices for semi-soft coal has more than doubled from $US80 to $US167 per tonne. Surely this must be good news for PTMN? It is my belief that PTMN would like to base its growth model on Xstrata although on an initial smaller scale.]

Xstrata Plc, the biggest exporter of power station coal, approached a `substantial'' shareholder in Macarthur Coal, joining Peabody Energy Corp. and two other rivals in a battle for the $4 billion company. Xstrata may join Peabody, New Hope Corp. and Hong Kong- based Noble Group Ltd. in a bidding war to control Macarthur, the biggest exporter of pulverized coal used by steelmakers, after coal prices doubled and China's imports tripled last year.
Prices for steelmaking coal are rising on demand from China and as rain and flooding in Australia's Queensland curb exports.

Posco agreed to pay $US167 a metric ton, or 109 per cent more than previously, for semi-soft coal in a three-month supply contract with an Australian producer, UBS said March 26. That compares with $US80 a ton for the year ending March 31, and a UBS forecast of $US125 a ton. Australian coal producers rose in Sydney today with Whitehaven Coal Ltd. gaining 7.2 per cent, Centennial Coal Co. rising 2 per cent and Coal & Allied Industries Ltd., the Australian coal unit of Rio Tinto Group, advancing 3.3 per cent.

[lobby ludd] 09/4/2010 13:54

Up to 285c now in Joburg...at the exchange rate of 11 SAR to the pound the UK is price is lagging, and won't be able to resit another notch upwards very soon.

[acamas] 22/3/2010 12:56

Lobby,

Hi.

Just listened in on interview. If he brings home the bacon on this, PETMIN is going to grow significantly over the next 5 years, thats for sure. Great oaks from little acorns grow?

[kayaks] 19/3/2010 13:11

[Could this be the reason for the rising share price? Kayaks]


Johannesburg - Paladin Capital, which influential investment group PSG regards as its preferred investment vehicle, charged on the JSE in early Wednesday trade. At lunchtime Paladin, boasting a portfolio of strategic stakes in roughly a dozen listed and unlisted small companies, was up 12% at 202c.
But in earlier trade the share was briefly 38% higher at 248c, while a number of trades went through at 225c. Although volumes were fairly small (430 000), such a sudden surge in price might precipitate some form of corporate action or the announcement of a major development. But market watchers largely believe Paladin's share price is merely "playing catch-up" with a few buyers enthusiastically chasing stock. While Paladin's net asset value was reflected at 172c/share at the release of its interim report to end-August 2009, the improved market conditions could mean a much higher underlying value may now be applied to the company's portfolio. For instance, the value of Paladin's 48.6% investment in AltX-listed FMCG (fast moving consumer goods) management specialist CIC Holdings, has increased by more than 70% since the interim reporting period.

Other listed investments like junior mining company PETMIN and scaffolding specialist Top-Fix have also seen a marked improvement in share prices since August last year. While confirmation of the year to end-February net asset value is still some weeks away, the share price surge suggests the market is expecting Paladin's investments to carry a value of between 215c/share to 225c/share.

[lobby ludd] 19/3/2010 12:12

No trades today but the tide is in our favour 1) strong rand....11 to £ (15 this time last year) 2) rocketing iron ore prices 3) big investment in and a new iron ore mine opened this week in Sierra Leone.

The updating of Petmin's Veremo resrouce due 'first quarter of 2010' should provide a further boost, as I suspect will the inevitable focus on South Afica that will come with the World cup.

[acamas] 19/3/2010 09:26

Well if we hold today's gains we will have made 3 new year highs within 24 days. Then according to the book "Pick Winning Stocks" PTMN becomes a buy. We should now be able to look forward to further gains