ShareProphets China AIM 'Filthy Forty' performance update – November & will Nomads stick with the remaining?
Published 50 days ago
So the Randgold (RRS) and Barrick Gold (ABX in the US) merger does come to pass. I mentioned the rumour yesterday and today the details have been realised. A nil-premia merger that creates an $18 billion gold sector behemoth which - to use the strapline the two entities are using on their presentation documents - is a 'new champion for long-term value creation in the gold industry'…
Published 51 days ago
So we wake to Sky (SKY) having a new owner, as media behemoth Comcast beat another media behemoth Fox (in effective combination with Disney) in a blind auction for Europe's biggest satellite TV operator. Boy did it pay up though. Comcast won with a final bid of £17.28 a share, versus a Fox bid of £15.67 a share for the 61% of Sky it did not already own. So if you own Sky shares...well done. As I own Disney shares, I feel more relief that it did not massively overpay (Disney is already buying a bunch of assets from 21st Century Fox and is in the throes of launching its own streaming channel to compete with Amazon and Netflix, so it has enough on its plate).
Published 96 days ago
You always have to watch your biases in the world of investment. There are some shares or sectors that for personal, historical or other exogenous/endogenous reasons you just love or hate. Regular readers will know that Randgold Resources (RRS) has been one of my structural favourites for many a long year, with the stock one of my largest (and most successful) holdings during the final part of my institutional fund management career, contributing to outperformance and the like.
Published 187 days ago
What a funny day today for some of my FTSE-100 preferred names. Carolyn McCall was never off my Christmas card list, but I might risk a present now, after her soothing words in ITV's (ITV) trading statement today where online and Studios romped and the World Cup shines brightly for the near-future. That's perfectly inline with my hopes as discussed in my last write-up HERE. And with Liberty Media flush with Vodafone's (VOD) cash you never know whether it might build up its stake materially.
Published 250 days ago
Roll on the Easter break in just over three weeks I say because those of us who track, appraise and opine about corporate names from around the world have now racked up two months' worth of earnings appraisal...and still they come thick and fast in the UK. So another pot pourri offering from me.
Published 281 days ago
I know, I know, you have bigger matters to worry about with the current bout of stock market volatility impacting your wealth. It impacts mine too - especially the 6% fall of my largest holding Randgold Resources (RRS) after a full year results publication that saw record production, lower cash costs, fantastic grade, super sounding prospects... I could go on but regular readers know that I have an almost perma love-up with the FTSE-350's largest pure-play gold producer.
Published 389 days ago
Hello, Share Pilots. There is so many predictions of a earth-shattering share crash on this lively website, that we must all be feeling nervous. We all remember a few black days, only nine years ago, when it began to look as all shares would be worth hardly anything at all. Picture your mind’s desolation if that were to happen again. Here are a few precautions you might take.
Published 462 days ago
I know, I know...I do have a bit of a perma love-up with Randgold Resources (RRS), London's largest listed gold company but as it is a year since I wrote my latest paean I felt an update was overdue following last Thursday's numbers.
Published 687 days ago
When it comes to picking a company which is going to perform well over the course of a year, I believe that you need to consider the macro-economic factors that are likely to affect the sector in which it operates.
Published 786 days ago
Gold has been showing signs of weakness but I am yet to be convinced that this is justified and I think the market has over-reacted, which means that there are some good opportunities around for gold bulls.
Published 831 days ago
Too many years ago to remember I recall one of my University lecturers observing that ‘life is a trade-off problem’. He was highlighting some tedious point about microeconomics, but I have a bit of a personal quandary at midday: should I review the latest interest rate and inflation information dump from the Bank of England (‘Super Thursday’) or listen to the Randgold Resources (RRS) quarterly conference call?
Published 917 days ago
Hello Share Squeezers. Many writers on this stunning website continue to support gold. This is not surprising as nearly all my fellow writers are very bearish on stocks at the mo, even more growly than normal.You could spread bet the price of gold. Or you can buy one of the miners.
Published 932 days ago
Gold seems to be in an uptrend so maybe it is time to get a bit of exposure to the gold sector once more? But how? We adsked ten writers connected to this site and/or speaking at UK Investor show on Saturday if they had to bet the ranch on one stock what would it be?
Published 1000 days ago
Hello Share Polishers. They tell me that all the gold in the world is only enough to cover a football pitch. Though nobody informed how deep the deposit should be. TW Note: It is actually "fill an Olympic sized swimming pool."
Published 1007 days ago
With turmoil on markets across the world, gold has seen a resurgence in popularity since the start of the year. It was as recently as late autumn of 2015 when many seemed to be predicting that gold would drop below the $1,000 area, and could possibly even go as low as the $800-850 range.
Published 1009 days ago
John Meyer of SP Angel this morning comments on RandGold Resources (RRS) and Pan African Resources (PAF) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 1034 days ago
With the markets in turmoil it makes sense to have at least something more defensive in your portfolio. Gold has historically always been good in this type of situation, and whilst I’m nowhere near as bullish as some are about where the gold price is going longer term, it should at least offer some protection over the coming months.
Published 1057 days ago
I don’t know who uttered the phrase ‘you cannot eat relative performance’ first but it strikes me as a very relevant statement to describe my first two tips of the year. But I had a big winner. Thank you Greece!
Published 1100 days ago
I actually was not going to write-up Thursday’s quarterly update from the world’s best larger cap gold mining stock Randgold Resources (RRS). The numbers showed good progress: rising production at an attractively low cash cost, a building net cash balance and exciting prospective exploration development opportunities.
Published 1104 days ago
John Meyer of SP Angel this morning comments on Anglo Pacific Group (APF), BlueRock Diamonds (BRD), Glencore (GLEN) and Randgold Resources (RRS) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 1113 days ago
The global mega cap energy sector reporting period kicked off today with BP (BP/) reporting 'underlying profit of US$1.8bn for the third quarter of 2015, up US$500m on the previous quarter, along with plans to rebalance its financial framework and grow value long term'. Well that sounds like something for everyone then: profits sequentially up and more than a hint or two about the importance of remunerating it shareholders.
Published 1114 days ago
John Meyer of SP Angel this morning comments on Capital Drilling (CAPD), Rambler Metals (RMM), Randgold Resources (RRS) & Tri-Star Resources (TSTR) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 1192 days ago
“Toast”. I nearly spat out my breakfast when I heard the CEO of Randgold Resources (RRS) use that word to describe the majority of his competitors in the gold mining space at prevailing commodity prices.
Published 1195 days ago
Early August: whilst most think about upcoming or just passed holidays, the last couple of Ashes tests or – for the real geeks amongst you – the finer points of the Bank of England’s big data dump, my mind muses about the 2015 tips I published at the turn of the year. Amusingly enough – as often these things fall – both my main tips reported yesterday: Aviva (AV/) and Randgold Resources (RRS). I will come back on the world’s leading larger cap gold miner later after their conference call but first…the dull world of insurance.
Published 1195 days ago
John Meyer of SP Angel this morning comments on Randgold Resources (RRS) & Rio Tinto (RIO) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Published 1225 days ago
As the long-awaited Grexit looms ever larger, the price of gold could well be priming itself for a strong summer rally. Currently at $1,167/oz., the precious metal is trading at the bottom of its annual range and sentiment towards it is decidedly bearish. These are prime conditions for a contrarian reversal and if the Greek crisis intensifies over the coming weeks, gold should benefit greatly from any flight to safety. Such a move higher in gold will be positive for the battered gold miners and chief among these Randgold Resources (RRS) looks an appealing buy.