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Not sure what is going on here rang ( D ) as some sort of corporate action showing Otto mentioned some sort of recent event ( C.A ) article below indicates it is now sibanye -stillwater which appears to be only 16 days ago. Good news is they might list on market i can sell on with ( D )
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at [link] [link] Neil Hume in Cape Town FEBRUARY 9 2020Print this page0 The chief executive of South Africa’s Sibanye-Stillwater hailed as a success its acquisition of Lonmin, a rival platinum producer, and forecast that dividend payments could resume this year. Neal Froneman said the £285m purchase of London-listed Lonmin was shaping up to have the “lowest payback period†of all the deals done by the highly acquisitive company. “It is literally going to be a little bit more than a year,†he said. “We took a lot of flak when we announced the deal but we have had commodity prices behind us. The wind in our sails.†Johannesburg-listed Sibanye launched its all-stock takeover of Lonmin in December 2017 but the deal was not finally closed until June 2019. The timing of the takeover surprised analysts because Sibanye’s balance sheet was stretched after paying $2.2bn in cash for Stillwater, a US palladium producer. However, over the past year the prices of palladium and rhodium — two of the company’s main commodities — have surged to record or multiyear highs on strong demand from global carmakers. Recommended Tail RiskNeil Hume Analysts wonder when palladium’s record run will be exhausted Palladium and rhodium are critical ingredients in catalysts for petrol and hybrid cars that convert toxic emissions, such as carbon monoxide and nitrogen oxide, to carbon dioxide, water and nitrogen. After nearly a decade of undersupply, analysts say stocks of the metals are almost exhausted. “I don’t want to mention a name but there has been a senior car company that has experienced a real shortage in rhodium,†said Mr Froneman. “You can’t run deficits and consume surface stockpiles and inventories for ever and a day. At some point that turns into a real shortage. And that’s what happened in rhodium and I dare say it could happen in palladium.†I don’t want to mention a name but there has been a senior car company that has experienced a real shortage in rhodium Neal Froneman Rising platinum group metals and gold prices meant that Sibanye was deleveraging fast and would be in a position to return cash to shareholders in 2020, Mr Froneman said. Sibanye last paid a dividend in 2016. James Bell, analyst at RBC Capital Markets, said he expected Sibanye to reinstate its dividend once net debt was lower than one times underlying earnings. “This would mean scope for a potential interim dividend this year. In terms of structure of the policy this will probably be a share of earnings rather than a link to free cash flow,†he said. Known in the industry as Neal “the deal†Froneman, the South African has turned Sibanye into a big force in the precious metals market through a string of acquisitions. As well as PGM’s it is also a big gold producer. The company now has a market value of nearly $7bn and Mr Froneman is weighing plans to list in either London, New York or Toronto. Its shares have risen almost 190 per cent in the past year. Mr Froneman confirmed Sibanye had made an offer for AngloGold Ashanti’s Mponeng, the world’s deepest gold mine, but doubted it would be accepted. “We put in an offer we thought was commensurate with the risk . . . I’m not sure they have decided on the outcome yet but if we are not successful it is not the end of the world for us.†Mr Froneman said Sibanye’s next deal was likely to be outside South Africa and in battery metals. “We want to play in the international arena. We are probably ex-growth in South African because of our market position in PGMs,†he said.
Rang ( W ) never in ISA ( might be idea ) June 2013 purchased with them transferd in 1500 July 2015. multiplied by 1.91 Palinghurst take over. .
Zippy, the Motley Fool writers are not familiar with Kier. They haven't done detailed assessment; instead they look at a few metrics and then spout an opinion. Their articles are riddled with mistakes and misconceptions. For example, they don't seem to understand the difference between the group's net debt and its average monthly debt. They don't understand what brought the Kier share price down in the first place, and they certainly don't understand where Kier is now in terms of its volume of business, ranking and capability in UK construction, nor the sector as a whole. My view is that the business isn't even severely damaged, despite the fact that the last finance director allowed accounting schemes to give the impression of greater cash availability, and consequently far too much was paid out in dividends, and not enough done to maintain a healthy cash balance. The CFO has gone; money has been raised through a rights issue; cancelling the dividend altogether (saving about £60m in payouts); cutting costs and selling assets (property, a business in Australia). My view is that Kier will get back to about £6 by the end of this year, and much higher next year when they start talking about reinstating a dividend (a very small one, I hope). I'm not saying what you should do; I'm just saying that I've got my own plan and it involves holding Kier at least for the medium term and maybe even longer. My target is £12, but that could be some way off.
Thinderjack - You seem to have done your research on Kier. i worked for Kier during their boom days when i left in 2017 ish i sold my shares for £14.50. I seen Kier crash and was absolutely gutted, they have some talented people their and I can honestly say was the best company i have ever worked for. Reason for my post - i bought £8k in stock my first ever purchase when they were 91p. I kept shorting them and making a few hundred pounds a time my stock is now worth £11k. Do i keep my money in ?? of take it and run. Everyday i read conflicting reports to buy and stay clear. What i have noticed is that certain websites such as the motley fool issue warning about kier shares then their shares slump - can you advise on why they are telling people not to buy. when you speak so highly of them?
Kier up 8% so far today and has broken through the six-month high of 148p. Looks like the market is re-rating Kier ahead of its results in a a little over a fortnight from now. HS" greenlight, record houseprices (great for Kier Living) and hundreds of contract wins make Kier a bargain. P/e is still less that 2. Ridiculously low. A 5-bagger from here by the end of the year.
Position in ( D ) based on ADRs 31500 . last May 2019 they were in Value know shown as 0 explains bigger loss there of late .
Fabergé owner Gemfields (GEM:AIM) has returned to AIM after an almost three year absence. The gemstone miner left London’s junior market in July 2017 following an acrimonious takeover saga which culminated in it being taken off the market by South African private equity firm Pallinghurst. But having cited a ‘lack of broker research and share trading liquidity, as well as feedback from shareholders’ in South Africa where it is listed, the company decided to return to AIM in a bid to access greater liquidity and more global investors. The firm has a primary listing on the Johannesburg Stock Exchange and another listing on the Bermuda Stock Exchange. LISTING TO GIVE INVESTORS ACCESS TO GEMSTONE MARKET As well as owning the Fabergé jewellery brand, Gemfields - which has counted the likes of actress Mila Kunis as a ‘brand ambassador’ - produces around half of the world’s rubies and a fifth of the world’s emeralds from two of its mines in Mozambique and Zambia. CEO Sean Gilbertson said, ‘Today’s admission to the London market is an important milestone for Gemfields after a decade of growth in the demand and prices for precious coloured gemstones. READ MORE ABOUT GEMFIELDS HERE ‘The AIM listing seeks to provide UK, European and international investors with more expedient entry into the precious coloured gemstone market, to improve share trading liquidity and to widen Gemfields’ current investor base.’ GEMFIELDS RETURNS AFTER LOW-BALL TAKEOVER Gemfields returns to the market around 30 months after being the subject of a bitter bidding war in which Pallinghurst won, though not without controversy after accusations that it acquired the company on the cheap. Pallinghurst launched an unsolicited bid in 2017 for the 53% of Gemfields it didn’t own in an offer which contained no premium to Gemfield’s 39p share price at the time and valued the company at £211m. Pallinghurst needed approval from investors owning at least 75% of the shares, but that approval wasn’t too difficult to gain as it already owned 47.09% of the business. Minority investors weren’t best pleased with the outcome, arguing the firm was being sold on the cheap, especially considering stockbroker Numis said at the time that fair value for Gemfields would be 94p per share. Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.
12p / 11.4 .. can trade with bell . have nearly twice as many after takeover so eq 22p .
Kier is up 9% today and has broken out from the recent trading range. A full scale bull-run is in progress. Nothing much to stop this going through to 150p. The market is making up its mind about Kier; hundreds of contract wins are making people realise that this is vibrant successful business, and one that's likely to grow now that Brexit uncertainty has fallen away, HS2 is going ahead and the business continues to win and complete projects. Results out in three weeks for Andrew Davies' first six months results. Prospects for a big re-rating are looking good.