Polymetal Share Discussion Threads

[the white house] 27/8/2020 12:09

I like both, the new divvi policy and high price target

[geckotheglorious] 27/8/2020 11:25

Prefer Goldmans comment myself!

GOLDMAN SACHS RAISES POLYMETAL INTERNATIONAL PRICE TARGET TO 2,800 (2,700) PENCE - 'BUY'

:)

[trader536] 27/8/2020 08:53

Ask warren buffet! BRK is a fine example of what happens if dividends aren’t paid out.

[trader536] 27/8/2020 08:53

Ask warren buffet! BRK is a fine example of what happens if dividends aren’t paid out.

[gateside] 27/8/2020 04:16

Reinvest dividends back into more shares and it lowers your buy price. The price soon recovers after a share goes ex-dividend. Dividends are an excellent part of many a successful Investment strategy and are not pointless in the slightest.

[trader536] 27/8/2020 00:29

Dividends are pointless, the value of the payout is deducted from the value of the company. Without giving away too much to the stupid git, the smart men made their money over the last 18 months in POLY, FRES and others using a capital growth strategy rather than worrying about a few percent dividend that is deducted from capital. Absolutely pointless.

[action] 26/8/2020 23:46

I am just going by last year 40+20 special +interim 40 cent today= $1.00

[zcaprd7] 26/8/2020 23:01

But Vitaly Nesis, Polymetal chief executive, said many gold companies were failing to reward their shareholders with dividend payments, despite rising gold prices."It's curious to see that a lot of gold companies either continue to pay the minimum dividend or no dividend," he said. "If the gold price goes up the shareholder must be rewarded?.?.?.?If a gold company can't pay a sizeable dividend when gold prices are near $2,000, what's the point of owning a gold stock?"Quite!

[action] 26/8/2020 11:24

If they pay USD$1.00 for whole year at current exchange rate based on £20 share price divi yield could be 3.75%.

[action] 26/8/2020 11:00

Thank you.

[king_baller] 26/8/2020 10:47

Roughly 1.6% dividend in September. Given the dividend plan, at current gold prices the dividend will likely double in 6 months time. Going forwards it is leveraged to any future gold price rises, given the fixed costs.

[action] 26/8/2020 10:30

Does anyone know yield at current price pls?

[geckotheglorious] 26/8/2020 09:55

Happy with results for sure..

:)

[imastu pidgitaswell] 26/8/2020 07:54

It's odd how quiet this board is - how many other FTSE 100 companies are reporting those sort of results, and on this moderate level of valuation? EPS half year of 80 cents, maybe $2 full year given gold and silver price now compared with first half average, say £1.50 . For less than £20 a share.

To be fair, the trade volumes show that many 'people' are involved - just not ADVFN users.

[the white house] 26/8/2020 07:48

Big reduction in costs way below forecast is significant now and going forward, notwithstanding production and realised prices both up...win, win, win

[podgyted] 26/8/2020 07:44

Superb results - just think what they'd have been if they'd sold what was produced.

Still that will come in H2 along with increased POG.

[togglebrush] 26/8/2020 07:16

Dividend
'
40 cents US XD 3 Sep Paid 25 Sep 2020
'
Synopsis of FINANCIAL HIGHLIGHTS
‘
Revenue in 1H 2020 increased by 21% to US$ 1,135 million
‘
Gold equivalent ("GE") production was 723 Koz, an increase of 4%
Gold sales were 595 Koz, down 1% year-on-year,
Silver sales were down 4% to 9.9 Moz,
‘
Average realised prices
gold prices achieved were up 25% silver prices were up 10%.
‘
Group Total Cash Costs were US$ 638/GE oz, down 4%
mostly due to a weakness in the Russian Rouble and the Kazakh Tenge
‘
Adjusted EBITDA was US$ 616 million, an increase of 53%
‘
Net earnings were US$ 381 million v US$ 153 million
‘
Capital expenditure was US$ 248 million, up 31%
reflecting construction at POX-2, on track, with the development activities at both POX-2 and Nezhda.
‘
Net debt increased to US$ 1,690 million during the period
‘
The company maintains its guidance range of US$ 650-700/GE oz and US$ 850-900/GE oz for TCC and AISC, respectively, as depreciation of the Russian Rouble and Kazakh Tenge is currently counterbalanced by COVID-related costs and increase in mining tax on the back of rising gold and silver prices.

[the white house] 25/8/2020 16:49

Good call...Last Q average Gold average 1675This QJuly 1900Aug 1975 ish' thus farFuture outturn getting more certain and also confidence boosting for future

[king_baller] 25/8/2020 15:52

I added significantly today pre results / dividend announcement. Brokers have all upgraded price targets the previous few weeks to not look silly! Difficult to imagine H1 results not being strong!

[imastu pidgitaswell] 24/8/2020 09:37

Yeah, needs a plug - all a bit becalmed. (£37 is quite a plug...)

Nice gentle volatility though - a few quid to be made on the swings.

[imastu pidgitaswell] 18/8/2020 11:51

Very quiet, as the all time high approaches again. No more gaps, just blue sky ahead...

[the white house] 17/8/2020 08:30

Buffett buying into Barrick pushed them up 7pc after hours Friday