reports
- David Seers
- Paul Smith
Goldplat (GDP LN) - Q3 Operational Update - Corporate
Goldplat, with its gold production centres in Ghana and South Africa, today provides an update on its Q3 performance for the period ending March 2025. It has had another consistent quarter producing a Gross Operating profit of £694k (£1,618k in Q3 FY2024) and a PBT of £769k (£890k). Ghana, once again, was the growth engine with a PBT of £784k with South Africa operating at breakeven with a PBT of (14k). Goldplat remains committed to its Raw Material flow into South Africa and is looking to sen...
- David Seers
Goldplat (GDP LN) - Interims show steady progress - Corporate
Goldplat, the precious metals recovery experts, today provides an interim update for the period ending December 2024. Goldplat results typically show steady state and these are no exception with an operating profit for the group at £2.64m (H1 FY24 - £2.97m). The slightly lower operating profit has been put down to the change in Ghana where gold-bearing concentrates are now to be converted to doré* in country and a lower supply into South Africa all of which has been offset by the increase in the...
- David Seers
Goldplat (GDP LN) - Q2 Results for the period ending Dec 2024 - Corpor...
Goldplat, the precious metals recovery experts, today update us on its Q2 results for the period ending December 2024. It was another profitable quarter with both its operations registering a profit: £0.6m PBT in Ghana and £0.3m in South Africa. The Group reported Q2 gross operating profit of £1.2m (£1.5m) and an overall H1 2025 gross operating profit of £2.5m (H1 2024 £3.4m) excluding listing and head office costs, finance cost and foreign exchange losses. Adding in finance cost and foreign ...
Hybridan Small Cap Feast - 12 November 2024
* A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: None What’s baking in the oven? ITF announced:*** Potential** Initial Public Offerings: 31 October 2024: Winking Studios: the AAA Art Outsourcing and Game De...
- David Seers
Goldplat (GDP LN) - Q1 operating results - Corporate
Goldplat today provides its Q1 operating results for the period ending 30 September 2024. Across the Group, operating profits are broadly in line with the same period last year, once finance costs and foreign exchange losses are considered, Profit Before Tax (PBT) is reported at £1,451,000 compared to £1,455,000.
- MarketLine Department
Polyus - Company Profile and SWOT Analysis
Summary Polyus - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Polyus, a subsidiary of Polyus Gold International Ltd, is a gold mining company. It operates mines and deposits in Russia and is considered as one of the largest gold mining companies in Russia. The company's op...
- Paul Smith
Audio Note: Goldplat - Fair value uplift as profits rise and growth op...
In this audio note, Zeus’ Paul Smith summarises the investment case for Goldplat. Q4 operating results from Goldplat reflected encouraging progress, with an outstanding quarter in Ghana and the company’s highest operating profit in five years.
- David Seers
Goldplat (GDP LN) - Fair value uplift as profits rise and growth oppor...
This week’s Q4 operating results from Goldplat reflected encouraging progress, with an outstanding quarter in Ghana and the company’s highest operating profit in five years. Goldplat produces gold (plus minor silver and Platinum Group Metals – PGMs) from by-products of mining and plant clean-up. It has two operating recovery plants – one in South Africa and one in Ghana. The company is cash-generative with an effective management team, strongly focused on growing the business. Following the rec...
- Daniel Slater
Goldplat (GDP LN) - Strong Q4 operating results
Goldplat today publishes its Q4 operating results for the period ending June 2024. As a reminder, Goldplat is a unique processor of the by-products produced as a result of mining, recovering gold and other precious metals from raw material generated by other producers; and acting, in our view, as a service provider to the mining industry from its two plants in Ghana and South Africa. Overall it generated its highest gross operating profit since the beginning of 2019 (see Exhibit 1), outperforman...
Hybridan Small Cap Feast - 19 April 24
19th April 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: 16 April 2024: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing to acquire the entire issued share capital of 3radi...
Hybridan Small Cap Feast - 11/04/2024
11th April 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: Loopup Group (LOOP.L) has left the AIM market. What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: Change of Market: TheWorks (WRKS.L) a multi-channel value retailers of books, arts and crafts, stationery, toys and games,...
Hybridan Small Cap Feast - 25 Mar 24
25th March 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object...
Hybridan Small Cap Feast: 07 Feb 24
7th February 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obje...
Hybridan Small Cap Feast - 10 Nov 23
10th November 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obj...
- Ben Davis
- Tom Price
- Yuen Low
LIBERUM: Commodity snapSHOT - China's seasonality, illustrated
‘Sell in May and go away’. Is there a fundamental basis for this old trade expression in Commodity World? We think so, at least for China’s 1Bnt/yr steel & iron ore trades. For many years now, we’ve been flagging China-related upside risk in steel/ore trade flows and prices, in the early months of every calendar. It’s that country’s post-northern winter competitive restock, to secure its 80%-share of seaborne ore supply. This seasonal kick almost always reports across China’s trade/conversion/de...
- Ben Davis
- Tom Price
- Yuen Low
LIBERUM: Restocking Indicator stays on SELL - Demand deteoriates sharp...
The Restocking Indicator is having a bearish year. The signal has reported a SELL, or very close to it, since late January. This month saw the sharpest new orders contraction since last July. Mills remain firmly in destock mode; China’s reopening trade continues to disappoint; confidence in real estate is weak. We still expect market signals to define floors in H2, with upside risk building later in the year – most likely on 2024’s industrial restock.
- Ben Davis
- Tom Price
- Yuen Low
LIBERUM: Commodity snapSHOT - What value, Commodity World?
What are global commodity markets worth? About US$6.5tn – Metals, Steels and Energy. While this figure’s down a massive 20%YoY, it’s still the 3rd-highest on record. Why did it fall? Dominant driver’s the passing of 2022’s war-prompted inflation, partly a response to a US Fed-led rate hikes. Curiously, commodity supply/demand/trade shifts over the past year have been quite modest, with most markets expanding in-line with broader economic growth, while shouldering extreme price trend-shifts and v...
- Liberum Research Team
- Liberum Research Team
DRX DRAX GROUP PLC
MAB MITCHELLS & BUTLERS PLC
BLND BRITISH LAND COMPANY PLC
EZJ EASYJET PLC
SFE SAFESTYLE UK
SDY SPEEDY HIRE PLC
VTY VISTRY GROUP PLC
SAG SCIENCE GROUP
IKA ILIKA
RMG ROYAL MAIL PLC
OTB ON THE BEACH GROUP
CTEC CONVATEC GROUP PLC
AAL ANGLO AMERICAN
UPR UNIPHAR
ATOM ATOME ENERGY PLC
AT/ ASHTEAD TECHNOLOGY
- Ben Davis
- Tom Price
- Yuen Low
LIBERUM: Anglo American - Diamond prices continue to soften
DeBeers announced the fourth diamond sale of the year of $480m, down from $604m in the previous year. Prices appear to be driven by the fall in polished diamond index, down 7% YTD or -23% from the peak in March last year. Demand outlook is tough, given the global economic slowdown, featuring a weak post-lockdown China story. Bullish price events: slowing synthetic supply growth, and the West continues to seek a ban on Russian trade – more a hopeful than an effective strategy, in our view.
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