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Small Caps: Which is the Next Ten Bagger?

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#21 Goliath

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Posted 02 March 2018 - 06:07 PM

AGREE WHOLHEARTEDLY

 

Decided to take a small bite as a gamble.. lets see how it rolls!


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#22 Goliath

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Posted 02 March 2018 - 06:05 PM

Anyone an idea why Pan African Resources dropped so much lately? :huh:


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#23 Bullhunter

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Posted 15 February 2018 - 12:57 PM

Orion Minerals ORN, see link for lots of info on this potential baggger.

 

https://stockhead.co...rican-explorer/

AGREE WHOLHEARTEDLY


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#24 Dusty Mountain

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Posted 13 February 2018 - 09:35 AM

Orion Minerals ORN, see link for lots of info on this potential baggger.

 

https://stockhead.co...rican-explorer/


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#25 Bullhunter

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Posted 10 January 2018 - 11:08 PM

The case for Insimbi (ISB):

 

ISB trades in ferrous and nonferrous metals, collecting and sorting iron and steel as well as aluminium, copper, zinc, stainless steel, lead, nickel, brass, tin and bronze.Exports account for more than 65% of the scrap-recovery revenue.

 

In 2015 Insimbi made an important move in diversifying operations by acquiring Polydrum, a blow-moulding business that manufactures plastic containers for the chemical, agricultural and food industries.

But the real game-changer came late IN 2016 when scrap-metal specialist Amalgamated Metals Recycling (AMR) was acquired by Insimbi in a R284m transaction.

The AMR deal terms comprised a R200m cash payment to the vendors with R100m funded by senior debt and the balance of R100m funded by a placement of Insimbi shares. The vendors were also be issued 50m new Insimbi shares at 100c/share . Another R34m cash payment will be made for the associated AMR property.

The deal was struck on a trailing earnings multiple of less than six times and earnings before interest and tax of only three and a half times. Even if net profit this year falls back to the R40m posted in the 2014 financial year, Insimbi would have acquired AMR — which has stretched its operating margins from 2.84% to almost 4.5% in the past three years — on a forward earnings multiple of seven times.

A recent investor presentation by Insimbi showed that AMR generated R1.94bn in the year to end-February 2016 with operating profits coming in at R85m on a margin of around 4.5%. Net profits for the period were R53.5m.

Insimbi says there is operational leeway, with smelter capacity utilisation in the group set to be increased. An increase in exports could also help fatten margins with offshore sales attracting a 20% premium over local sales.

If AMR’s year to end-February results are taken into account then Insimbi becomes a R3bn/year revenue business with an after-tax profit of R80m. In other words, new-look Insimbi should be capable of generating around 20c/share — perhaps 25c/share in a strong year — in the new financial year. The interim results for the 6 months ending August 2017 demonstrates that ISBis well on its way to achieving this. Dividend was up 100%.

 

At the current R1.15 ISB is trading at a PE of 4.8

 

Comments from the CEO with respect to the interim results:

 

The first half of FY18 has been satisfactory and in particular, the second quarter, was outstanding. 

The conclusion of the Amalgamated Metal Group Holdings ("AMGH") transaction at the end of last year is 
now contributing positively to all aspects of the business. In the final results for 2017, we were 
only able to include two months of the AMGH trading in Insimbi's consolidated results. We are happy 
to confirm that this business has met and exceeded our expectations as at the time of making the 
acquisition. The integration has been seamless and the synergies are being exploited beyond 
anticipation. From a commercial perspective, the AMGH transaction was concluded when Copper was at 
$4400pmt while it is approximately $6600pmt at the time of writing. Aluminium, chrome and iron ore 
prices have shown a significant upward trend since the last Insimbi report and seem to be recovering 
on the back of strong global demand. 


Edited by Bullhunter, 10 January 2018 - 11:11 PM.

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#26 Trader1

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Posted 21 November 2017 - 04:44 PM

What's the next ten bagger?


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#27 Trader1

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Posted 28 June 2017 - 12:47 PM

Just watch TORRE. Up 8% today


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#28 Dusty Mountain

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Posted 07 June 2017 - 03:41 PM

Waiting in anticipation!!!

 

"Tawana and AMAL are in the advanced stages of completing a feasibility study with off-take pricing, metallurgical and process engineering aspects of the study completed, and the mining engineering and infrastructure capital costs nearing completion. The results of the study are expected to be released within two weeks."

So looks like we are just waiting for the mining engineering and infrastructure capital costs to be completed. I think Primero has completed their bit of the feasibility study.

From their website: http://www.primero.com.au/minerals/
603348-263bbd07ad4faacf6616f745329145f2. 


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#29 PlatinumWealth.co.za

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Posted 22 March 2017 - 08:58 AM

Bring on KAP


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#30 SoleTrader

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Posted 21 March 2017 - 08:03 PM

Any thoughts on Purple and Wescoal?
why has Purple seen such a pull-back?

because Barnes is more concerned about the Post Office than about his business.
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#31 Sugafoot

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Posted 15 March 2017 - 03:06 PM

Any thoughts on Purple and Wescoal?
why has Purple seen such a pull-back?
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#32 tyron1987

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Posted 28 February 2017 - 02:22 PM

The volume is 42k ... not really big value buyers - also the value traded is very low 

Value Traded R 124 469.43

9 trades made today .

Yes but I was talking about the buyer @ 255k FGL shares @ 2,70 - Meaning there is some good interest coming back into FGL, after a severely oversold position


Edited by tyron1987, 28 February 2017 - 02:23 PM.

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#33 HighRiskGain

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Posted 28 February 2017 - 02:13 PM

Some big Value buyers on FGL at the moment, expecting the price to start moving upwards... About bloody time. lol 

The volume is 42k ... not really big value buyers - also the value traded is very low 

Value Traded R 124 469.43

9 trades made today .


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Unseen lobster


#34 tyron1987

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Posted 28 February 2017 - 11:51 AM

Some big Value buyers on FGL at the moment, expecting the price to start moving upwards... About bloody time. lol 


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#35 PlatinumWealth.co.za

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Posted 28 February 2017 - 09:35 AM

When is the TAS trading update due? 

It's been so long and so little news about them... I am stuck in this 170 - 190 band I want to break free and sell!


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#36 PlatinumWealth.co.za

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Posted 27 February 2017 - 08:15 PM

Realistically how much higher can RLF go?

I am thinking of selling it now had it since 300ish and my emotions are now playing with me.


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#37 tyron1987

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Posted 24 February 2017 - 04:28 PM

There is a cautionary out.  Was expecting a take over for some time especially with the drop in share price.  Note there is a shareholder holding over 40% already - they have been increasing their stake over the last few years.  Expecting a buy out at around R3.65c to be announced soon.  lets see.

about the takeover - at this point I'm not sure whether that would be a good or a bad thing >>> will need to wait for the full results to determine what direction these guys are going in. 


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#38 tyron1987

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Posted 24 February 2017 - 04:04 PM

There is a cautionary out.  Was expecting a take over for some time especially with the drop in share price.  Note there is a shareholder holding over 40% already - they have been increasing their stake over the last few years.  Expecting a buy out at around R3.65c to be announced soon.  lets see.

 

I know that Buckley Capital, Net1EUPS and King Reign investments (CEO: Willie Van Aardt) have large holdings in the company, and when the rights issue for R525 mill happened last year, these 3 "consumed" all the shares available, additionally Net1EUPS also loaned $10million to finbond for further expansion, and now they are under cautionary (I believe they are moving further into Canada now)...

 

Seems they are expanding like crazy, with c. 70% of their revenues coming in Dollars now, (However expecting a large FX Loss on their IS), but judging by their interim financials, the revenue per branch in the USA is nearly double the income from stores in RSA. 

 

The problem is these guys are notorious for keeping quiet... Will just have to wait until the trading statement comes out... 


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#39 tyron1987

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Posted 24 February 2017 - 04:04 PM

There is a cautionary out.  Was expecting a take over for some time especially with the drop in share price.  Note there is a shareholder holding over 40% already - they have been increasing their stake over the last few years.  Expecting a buy out at around R3.65c to be announced soon.  lets see.

 

I know that Buckley Capital, Net1EUPS and King Reign investments (CEO: Willie Van Aardt) have large holdings in the company, and when the rights issue for R525 mill happened last year, these 3 "consumed" all the shares available, additionally Net1EUPS also loaned $10million to finbond for further expansion, and now they are under cautionary (I believe they are moving further into Canada now)...

 

Seems they are expanding like crazy, with c. 70% of their revenues coming in Dollars now, (However expecting a large FX Loss on their IS), but judging by their interim financials, the revenue per branch in the USA is nearly double the income from stores in RSA. 

 

The problem is these guys are notorious for keeping quiet... Will just have to wait until the trading statement comes out... 


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#40 Magnet

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Posted 24 February 2017 - 03:22 PM

A small amount of FGL shares at 274c level, then expect to see the jump to 300c >>> This share has been extremely oversold in the last couple of months, especially with there revenue growth of c. 100% YoY. Good things to come out of this one I feel, with results out around 20 April. Expecting this share to be atleast 500c by end of year. North American expansions going well, and Trumps review on the Dodd-Frank Act, >>> should see increase in lending in USA. + further expansions. HUGE growth potential in the next 3 to 5 years....

 

 

 

Jubilee Platinum also looking healthy, great cost containment + increased productions... 

 

Just my 2 Cents...

 

There is a cautionary out.  Was expecting a take over for some time especially with the drop in share price.  Note there is a shareholder holding over 40% already - they have been increasing their stake over the last few years.  Expecting a buy out at around R3.65c to be announced soon.  lets see.


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