New Thread as requested by Wirral Owl.

6 Months Chart:-



10 Day Chart:-



Cheers

Ash

Final results

Keep this on your watchlist :-)

more great news today on both fronts.

cant understand why no-one chats on this......its a great nest egg

almost on CGT on this alone....and thats without SCTN

New article, click HERE

Bottom wedge breakout imminent looks that way......



Fundies good aswell........

Avocet Mining PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Arbuthnot Securities
07-05-09 BUY 16.19 7.73 11.28 4.36

Evolution Securities Ltd
01-05-09 ADD 12.23 6.01 20.79 11.38

Investec Securities
09-03-09 HOLD 27.61 14.54 21.96 11.38

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS
(p) DPS (p)

Consensus 14.34 6.93 21.26 11.38
1 Month Change -0.02 0.00 -0.01 0.00
3 Month Change 1.32 0.62 -0.05 0.00


GROWTH
2008 (A) 2009 (E) 2010 (E)
Norm. EPS -51.12% 58.59% 64.21%
DPS % % %

INVESTMENT RATIOS
2008 (A) 2009 (E) 2010 (E)

EBITDA 26.42m 21.90m 27.78m

EBIT 19.64m 14.08m 9.98m

Dividend Yield % % %

Dividend Cover x x x

PER 17.45x 11.00x 6.70x

PEG -0.34f 0.19f 0.10f

Net Asset Value PS 51.79p p p

Avocet Mining upgraded to BUY from hold at Investec, target price raised to 91p from 71p.

MoneyAM
27/4/09

Broker has upgraded its valuation to include Avocets planned acquisition of Oslo-listed Wega and higher gold price assumptions of $900/oz for 2009.

Taken a small punt on this, thought for a long time that this is undervalued.

Very red on trades at the mo, not encouraging one to buy.

Just keeps banging on that 80p barrier every time...if only this could break that then the sp could fly !, probably needs gold to climb up to $930 an ounce.

or perhaps produce more gold ... will wega do the trick ... I am giving it a run.

Hoping i get a short term term move within the sideways trend here and also a breakout from 90p.

Fingers crossed.

A new broker note out,

out late yesterday and is a reiteration.....

Avocet Mining PLC

FORECASTS
2010 2011

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Arbuthnot Securities [R]
16-09-09 BUY 11.27 4.44 17.47 7.69

company look good for traders that like gold shares. have a read let me no wt you think

http://www.minesite.com/fileadmin/content/pdfs/Brokers_Notes_August_09/Brokers_Notes_Sept_09/Brokers_Notes_Oct_09/AVM%2028-10-2009.pdf

micky .... not sure what i think in all honesty ..... my initial thought, sight unseen, was that this was some silly little tinpot E&P company .... however, i see that it is actually a modest though profitable producer with some money in the bank .... on the other hand, the share doesn't move a lot, notwithstanding the current level of gold ..... further, institutional holdings are quite modest, but trading volumes are quite good and the spread modest .... for sure you could do worse, but equally surely, there must be better bets - e.g. CEY

Thank you cynic as always your point's of views are all ways welcome and well put , and yes your right about CEY it's a great company, And I've been keeping an eye on it , from 70p ..........wish i had paid attention to you then when you told to buy........lol ;-) have a good week-end .........CEY = 122p where do you see this short to mid term ? also not holding to well with gold dropping !!

Rated by Shares as one of the 2 best gold plays (POG is the other)
Any comments?

Could be about to rise 20p or so....the graph is shaping that way....

i'ld rather have POG (and CEY)

Well yes...it is just not possible to cover them all...CEY is already valued at a hefty market value.....compare it to this and AVM looks undervalued.

So much for my rise...down 10p since then.