Randgold Resources Share Discussion Threads

[stewart64] 06/8/2017 11:32

Think if the share had gone to £75 I might have been tempted cashing out. But at current profits the p/e is crashing to about 20. Also Rand's stash policy may take the price to book down toward 1.5 by the end of the year, certainly the strongest balance sheet in the FTSE 100.

May be should think about a long term hold as opposed to a swing trade.

[adejuk] 05/8/2017 07:07

nope
added

[chinese investor] 04/8/2017 16:27

Hopefully you guys did what I did and sold this morning.

[christh] 04/8/2017 10:36

DATE UNDERLYING TECHNICAL ANALYSIS

4 August 2017 FTSE 100 The movement remains bullish

4 August 2017 DAX 30 Under these resistances, a consolidation is likely

4 August 2017 WTI Crude OIL The bullish signals are intact


4 August 2017 GOLD The movement remains bullish

[christh] 04/8/2017 09:09

FROM A REPORT TODAY
----------------------------
Fast forward 12 months and Randgold is back on track.
The group is confident production will be at the top end of the 1.25m - 1.3m ounces guidance range.
Costs look set to fall, and exploration projects across West Africa continue. Randgold's high quality, low-cost assets should mean it is in a strong position, but as ever profits will be as much a function of the gold price as factors under Randgold's control.

Importantly though, the group's debt free balance sheet has almost $600m of cash on it and the dividend is well covered by free cash flow.
At the moment, the group looks well placed to weather the downs as well as the ups.

[chinese investor] 04/8/2017 08:28

Good Start !

[christh] 04/8/2017 07:28

So here it is some analysts say the shares are worth £83, others £90

The shares are now at £72.65 which are considerably very cheap.

Perhaps some people have not seen or understand the potential of this stock.

Meanwhile Gold is trading higher at $1269.34.

So deduct your own conclusions.

It will get to £77 then £80, then £90.

Gold is in great demand now the US$ is in trouble.

[christh] 04/8/2017 07:21

Upgrades from Brokers
--------------------------
Date..................Broker........Recommendation.....New target price.....Notes
04 Aug 17....Jefferies International....Buy...............9000.00.....Reiterates
04 Aug 17.....JP Morgan Cazenove....Overweight..........8300.00.......Retains

[christh] 04/8/2017 07:14

Randgold proves it's still on track with a huge rise in first-half profit

Randgold Resources revealed its half-year profits jumped more than 50%, which sent shares climbing and proved to investors the company was not derailed by poor first-quarter production.

The figures
-------------------------
The African gold miner said profit from mining activity rose 53% to $229.7m (£174.9m) as production continued to grow in the six months to the end of June.

Randgold said its cash pile rose 11% over the first half to $572.8m despite the payment of a $94m dividend in 2016.

Total cash costs per ounce fell 13% on the previous half-year to $527 per ounce.
The company's London-listed shares closed 3.43% higher at 7,235p.

more here
www.cityam.com/269703/randgold-proves-its-track-huge-rise-first-half-profit-

[stewart64] 03/8/2017 15:41

Well either the shares were overpriced yesterday or they have so far being underbought on results.

[chinese investor] 03/8/2017 14:26

Gold Zooming !

[bonio10000] 03/8/2017 14:09

Yep.

Manufacturing poor this afternoon.

[redbaron10] 03/8/2017 12:29

US jobs number tomorrow.Short-term it may impact dollar strength,but imho i can't see any further US interest rate rises this year.Trump wants a lower dollar for US exporters to be competitive and make Chinese and German imports to the States more expensive.The much 'Trumpeted' tax reductions are still a way off.Obamacare legislation is becoming very difficult to repeal now,so tax cuts have to wait probably until this is sorted.I think the dollar can go lower still.

[bonio10000] 03/8/2017 08:04

Cha ching.

So now the business is motoring - any rise in gold itself will be further magnified.

[chinese investor] 03/8/2017 07:41

I've Top Sliced !

[chinese investor] 03/8/2017 07:15

GO GO HORSEY !

[chinese investor] 03/8/2017 07:06

Lovely Start !

[christh] 03/8/2017 07:04

On it's way to £77-£80.

Momentum will build from here.

Gold is King.

[stewart64] 03/8/2017 06:18

The financial commentators are going very positive on this, let's hope the Market is as enthusiastic.

[chinese investor] 03/8/2017 06:07

"Net cash of $572.8 million up 11% during the first
6 months of the year, after paying $94.0 million
annual dividend "

[stewart64] 03/8/2017 06:06

Think it's a goodun Chinese Investor profits up 53% for the six months on 2016.

[chinese investor] 03/8/2017 05:30

Fingers crossed !

[stewart64] 03/8/2017 05:27

Our fate will be known in 30 minutes. Last year's Q2 sent the share price crashing.

[stewart64] 02/8/2017 11:16

Results tomorrow for Q2 so I guess there is a risk discount in there now.