Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

I like to look at Broker Recommendations but am totally mystified by them. I question how it can be that one company I follow had 5 different broker recs on one day, varying from overweight, underweight, buy, sell and hold. Are they using the dart board method to arrive at them?

Talking of Brokers,

Alders O/Topic...re, ABG

Canaccord sees buying opportunity at African Barrick Gold after sell-off
12 March 2014 11:24

The 17 per cent share price slump of African Barrick Gold (ABG) has created a buying opportunity, according to Canaccord Genuity on Wednesday.

The broker kept a 'buy' recommendation and 315p target price for ABG.

Shares fell sharply on Tuesday after parent company Barrick Gold disposed of 41m shares - representing a 10% stake - to lower its holding to 63.9%.

"We believe the magnitude of the price drop was exacerbated by the profit taking following the best performance among UK peers since mid-2013. The fall we think opens up a buying opportunity," said analysts Dmitry Kalachev and Peter Mallin-Jones.

Among their key reasons to buy the stock, the analysts highlighted free cashflow (FCF) which is expected to average $230m per annum between 2015 and 2020.

This translates into a FCF yield of 13% which is the highest among ABG's London-listed peers under Canaccord's coverage. Adding growth projects would see FCF rise to $280m per annum at a 16% yield.

They also pointed to a robust balance sheet, strong production growth and easing upwards pressure on costs.

Addressing recent speculation that Barrick Gold could move to sell-down its remaining stake, Kalachev and Mallin-Jones said ABG now represents only 7% of the parent company's annual production so even a total disposal of the entire 63.9% stake will improve Barrick's costs by only around 2%.

"The sale at any cost in order to improve cost profile looks out of the question and this, we think, reduces the overhang risk from the remaining stake," they said.

The stock, which hit a low of 229.3p in early trading on Wednesday, had trimmed losses to trade just 1.4% down at 246.5p by 11:45.

BC

Related Companies: ABG

electionista ‏@electionista
North Korea election - final result:

All 687 candidates won 100% of votes

Turnout: 99.97%, -0.01% from 2009............ends

Manuel would love that Turnout.

Hays would instigate that result.

Ref : aircraft missing....just a crazy guess : two males both digest explosive cocktails of some kind in nougat paper or similar but it will dissolve slowly in their bodies, they sit side by side and then both of them somehow swallow a small cable that creates a current between the two of them ...a bit like superglue when mixed together and destroys the aircraft.....nuts really....or a pet carries the bomb.....insane...

R F

What drug's are you on ?

haystack

PMQs excellent today. Clegg gave Labour, in the form of Harriet Harman, a good kicking today. Labour well out of its depth



Agree with you one 100% , Harman was pathetic.

goldfinger

ABG share price will recover , but not as much as 315p short/medium term. CEY might be worth a punt.

Rubbish.

If thats all Clegg can do Nigel will have a walk over and the Tories are in trouble.

Alders have you seen that article on ABG?.

CEY id stay well away from. Massive fall 60% plus if it loses legal battle.

Is it worth taking the chance.

Major building fire/explosion in New York. Building collapse.

ehhhhhhhhhhhhhhhhhhhhhhh.

Quick get Hays on the case.

goldfinger

Yes i saw the article

What i want to know is how to make money on the internet , what comes up top on google is buying and selling Domain names [ flipping ] , haven't done much research yet , has anybody on here done it ?

Hays will be your best bet on that alders.

Sounds like a suitable coupling.

sticky - as "your" own paper admits, hammond has not acted illegally in any way at all, so start again, though you may find the moral stance a little tricky having already written loud, clear and unequivocally, "He as much right as anyone else" about someone else

the amount of garbage deposited daily on this thread is mind-boggling .... it is staggering quite how much yardage has been added since i went out in the sunshine this morning

Manuel,

Hammond!

But he is still made of the same substance as you are!

Mind the problems the UK have are all due to the unemployed and the basic wage being to high!



Anyway, I thought you would be in court supporting Nigel. How is he doing?

cynic - 12 Mar 2014 16:09 - 38079 of 38080

the amount of garbage deposited daily on this thread is mind-boggling----------ends

YES most of it comes from you and the Aberdeen ass licker Christine Carson.

Splitting tax between husband and wife is not immoral. It has been happening for as long as I can remember. Everyone I know splits their income that way if they have a business. My wife did some admin for my business and as a result I was employing her. I chose to pay her the same as me. That way you minimise tax.

tut tut sticky
suggest you do your homework before accusing :-)

======

just done a little 5-minute exercise of posts for today only
"yardage" posted pp - unkown
garbage posted pp - depends who is judging
posts - 50 (very convenient)

of these 50, no less than 18 are from good friend sticky!
hays is a distant 2nd with 6 posts
cynic, fossy, max, rf, aldo - 4 each
remainder of 6 posts from 5 contributors