72 replies to this topic

[SoleTrader]

Pallinghurst suddenly being recognized for its platinum asset! R10 in 12 months time I hope!

[SoleTrader]

Gemfields results due today. Should be flat earnings. But next year going to be one bumper of a year! And if we see platinum recover, I get a target of closer to R10 for pallinghurst

[Sugafoot]

What does the informed money know about this share that we don't?

[SoleTrader]

500c now, no sellers

[SoleTrader]

470c and she continues upwards! the only resource share going up.

[SoleTrader]

You cannot compare NAV to a share price. Many companies NAV's are many multiples of their current SP.

[Magnet]

You cannot compare NAV to a share price. Many companies NAV's are many multiples of their current SP.

[Hooligan]

The NAV of PGL is over 850c a share with no debt on the balance sheet. This gap will close eventualy

Per my calc NAV is R9.20.

 

Still have a short term view here - will close at 480c...hopeful. 

[Sugafoot]

Bloody resilient to be trading around 420, despite the poorer results released. Why is that?

[SoleTrader]

The NAV of PGL is over 850c a share with no debt on the balance sheet. This gap will close eventualy

[SoleTrader]

Agreed. The irr on their montpuez ruby mine over 300%. This can become very big. The next step will be Wiese moving his PGLs into Stellar Capital. Still long 275 000 shares.

Edited by SoleTrader, 02 August 2015 - 06:52 PM.

[EricBrownJHB]

Pallinghurst is probably one of the few mining stocks with a good news story. I am expecting upside movement over the next few months.

[EricBrownJHB]

Pallinghurst is probably one of the few mining stocks with a good news story. I am expecting upside movement over the next few months.

[jacani]

Confirmation of find....

 

http://www.mineweb.c...esource-sector/

 

[SoleTrader]

400c, go you little gem! Apparently GEMFIELDS found two exceptional rubies of 45 carats in Mozambique

[Hooligan]

Still long and very comfortable.  The great news from GEMFIELDS (GEM.LN) has increased the value of that stock to 68p, and increased the NAV of PGL to 830c. 

Agree, the stock offers great value.

I have taken a small punt here @352c, starting to build a position with a 3-5 year view.

[SoleTrader]

Still long and very comfortable.  The great news from GEMFIELDS (GEM.LN) has increased the value of that stock to 68p, and increased the NAV of PGL to 830c. 

[MrDividend]

Still in or have you sold any Soletrader?

[SoleTrader]

So far so good. Resi falling and PGL bucking the trend, with decent buying coming in this afternoon. I hope we breach 400c next week

[M e r l i n]

Shortboy,

In other words, lies, damn lies and statistics, there would be greater progress in the universe with more transparency and integrity, when smoke and mirrors are detected I smell fire.

 

That profit figure was amazing and I was surprised to see such a small movement in the share price so I checked the year end financials. The "profit" is in fact a fair value accounting entry, not actual income. When you check the cashflow statement Pallinghurst actually had a negative operating cashflow for the year.

 

As a potential investor, all I want to see is a simple easy to understand segmental breakdown of each investment's income&expenditure, balance sheet and cashflow statement so I can see who is making what. Then Pallinghurst should provide in BOLD the net effect on the actual net earnings per share of all the management and performance fees they charge - I found those tucked away at the back of their 2013 accounts.

 

This is one of the reasons why investment holding companies virtually always trade at significant discounts to their net asset values - opaque financials and high management costs.

 

Hope your trades work out.