8 replies to this topic

[Bullhunter]

Trading statement

Basic and headline earnings per share

Shareholders are therefore advised that Merafe is expecting to report the following for the year ended 31 December 2017:

*basic earnings per share of between 34.5 cents and 38.5 cents, compared to 21.2 cents for the prior year, which is an increase of between 63% and 82%; and *headline earnings per share of between 34.5 cents and 38.5 cents compared to 21.2 cents for the prior year, which is an increase of between 63% and 82%.

 

The significant increase in earnings per share is primarily driven by substantially higher chrome ore and ferrochrome prices which were partially offset by:

*lower chrome ore and ferrochrome sales volumes; *stronger average Rand compared to US Dollar exchange rate; and *an increase in total costs per tonne of ferrochrome and chrome ore sold.

 

Share price is up 6% on the day.

[Blackobar]

Hi
How does your profile look like. I have been on a down spiral and it doesn't look like I will be pocketing something anytime soon.

Sent from www.truworx.co.za BizPad

My merafe is not doing well, but I'm in for the long haul, it'll come around.

Ps: Truworx.co.za, what's your site about?

Sent from my Y220-U00 using Sharenet Sharechat mobile app

[Truworx]

I think I have to spend some time doing researches.
I need some benchmarking too.

Send from www.truworx.co.za BizPad

[Truworx]

Hi
How does your profile look like. I have been on a down spiral and it doesn't look like I will be pocketing something anytime soon.

Sent from www.truworx.co.za BizPad

[Blackobar]

Thanks... let me hang in there for a while.:ph34r:

Research is key Truworx, please do some digging for information before you put your money on anything, know the companies ,how they operate in the sector they are in, do they have debt? etc. Just research more.

[SoleTrader]

My friend, shouldn't you rather put your cash in the bank or in unit trusts?

[Truworx]

Thanks... let me hang in there for a while.:ph34r:

[Blackobar]

I am fairly new in Stocks trading and have bought a few companies looking into their performance in the first quarter but have seen them tumbling down badly in this second quarter, and one bought merafe and still hopes it will revive soon? Or should I jump ship?
My portfolio has
Merafe
Jubilee
Torre

And all of them are under performing.

Merafe is down because the price of Ferrochrome is down. It'll pick up once Ferrochrome prices go up. (i have merafe and Jubilee in my portfolio) I'm holding for the long term and buying more Jubilee whilst it's down.

[Truworx]

I am fairly new in Stocks trading and have bought a few companies looking into their performance in the first quarter but have seen them tumbling down badly in this second quarter, and one bought merafe and still hopes it will revive soon? Or should I jump ship?
My portfolio has
Merafe
Jubilee
Torre

And all of them are under performing.