By Steve Moore | Wednesday 5 March 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Shares in operator of gold recovery plants in South Africa and Ghana, Goldplat plc (GDP) trade only just above lows of 5p following the company updating last month on a “difficult” half year to 31st December 2013 and that it expects “operating profit for FY 2014 to be materially below operating profit for FY 2013”. However, as the company “looks forward to H2 2014 with renewed confidence” and with the shares having fallen from more than 16p as recently as the final quarter of 2012 and 6.75p before the announcement, is there currently value here?
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