Highland Gold Mng. / HGM (LSS)

1. offizieller Beitrag

    Eine Werbemail für einen Börsenbrief brachte mich auf Highland Gold Mining (HGM.L). Die Firma war nicht genannt, aber leicht zu erkennen. Letzter Kurs in London 108 pence, Marktkapitalisierung 351.24 Mio GBP, Issued shares 325,222,098. Zahlen für 2015: Production (gold and gold eq. oz) 262,485, Group all-in sustaining costs (US$/oz) 640, Revenue 276 Mio USD, Operating profit 22,4 Mio USD. Wird auch in Deutschland gehandelt.
    homepage: http://www.highlandgold.com
    Das könnte in der Tat interessant sein. Überlege mir einzusteigen. Hat sie jemand? Meinungen?


    Gruß! Fritz

    „Pressefreiheit ist die Freiheit von zweihundert reichen Leuten, ihre Meinung zu verbreiten.“ — Paul Sethe. Leserbrief SPIEGEL, 5. Mai 1965.

    • Offizieller Beitrag

    Bringt mich auf einen anderen Russen: http://www.ovocagold.com/
    Sitzten auf viel cash, tun scheinbar nix.


    PS: Wenn eine Gesellschaft "zu viel" cash hat, kann sie dumme Sachen anstellen: die haben einer Ölfirma Geld geliehen, die bankrott gegangen ist und haben nu iuristische Streitereien: nie gut für eine Firma, die eigentlich andres zu tun hätte.

    "Das einzige Geld, auf das ich mich verlassen kann, ist das Gold, das ich besitze" J.Sinclair
    "Omikron ist die Impfung, die herzustellen man verpasst hat" Lungenfacharzt in Uganda
    "The whole game is rigged" Gerald Celente

    Einmal editiert, zuletzt von LuckyFriday ()

    • Offizieller Beitrag

    Fritz, das scheint ein klarer Kauf mit Reserven (JORC) von 16 Mio Unzen Gold und AISC von 640 $. Da werden meine GPR verabschiedet und HGM kommen rein...
    Gute Detektivarbeit....


    Gruss!
    Lucky

    • Offizieller Beitrag

    Moin Fritz & Lucky


    Habe mal die Kopfzeile ergänzt, auch die letzte Präsentation angesehen. Sieht alles ordentlich aus -- bis auf die Schulden, die mit 229 Mio $ knapp einem Jahresumsatz entsprechen, rs 1,7 EBITDA, entsprechen gemindert das Ergebnis. Ohne diese wäre HGM sicher hoch effektiv...


    Der Kurs hat sich in 2016 ähnlich sehr gut etwickelt wie westliche Spitzenminen, heute momentan + 14 %. Internationale Promotion ? ;)


    Wird i.Ü. auch in NYSE / OTC notiert mit winzigen Umsätzen als HGHGF.


    Grüsse
    Edel


    "Die Märkte haben nie unrecht, die Menschen oft." Jesse Livermore, 20.Jh.


    "Die Demokratie ist das Paradies der Schreier und Schwätzer, Phraseure, Schmeichler und Schmarotzer, die jedem sachlichen Talent weit mehr den Weg verlegen, als dies in einer anderen Verfassungsform vorkommt." E.von Hartmann


    Dieser Beitrag ist eine persönliche Meinung gem. Art.5 Abs.1 GG und Urteil des BVG 1 BvR 1384/16

    • Offizieller Beitrag

    Fritz, der beworbene Börsenbrief muss ein Pumper und Dumper sein - auf eine gewaltige grüne Kerze gestern folgte heute eine fast ebenso grosse rote....."never chase a stock".... bei so einem Chart warte ich jeweils eine Beruhigung ab!


    Gruss,
    Lucky

    • Offizieller Beitrag

    Incorpotated in Jersey, traded only at the AIM London Exchange, gemäss Webseite http://www.highlandgold.com

    Lucky, den Börsenbrief kenne ich nicht weiter, nur den Namen (tai pan, das heißt wohl auf Chinesisch so was wie Handelsherr) aus der Werbung, und die schien mir arg marktschreierisch. Aber es gibt den Brief schon lange, und ich dachte mir, ihr Flaggschiff werden sie wohl sorgfältig wählen. "Pumper und Dumper" finde ich zu hart; wenn ihre Leser auf einem engen Markt kaufen wollen, kann das eine Bewegung auslösen, daytrader - auch automatische - springen auf, aber so was fällt schnell wieder in sich zusammen.
    Fundamental ist highland unterbewertet, das hast Du ja auch festgestellt. Den Grund sehe ich im Russland-Malus. Wenn der schwindet, gibts hier schöne Gewinne. Aber ich bin auch noch am Überlegen.
    Die Aktie wird auch over the counter (HGHGF) sowie in Frankfurt (HGM.F), Berlin (HGM.BE), Düsseldorf (HGM.DU), München (HGM.MU) und Stuttgart (HGM.SG) gehandelt. Dem bin ich aber nicht weiter nachgegangen, bestimmend ist sicher London.


    Gruß! Fritz

    „Pressefreiheit ist die Freiheit von zweihundert reichen Leuten, ihre Meinung zu verbreiten.“ — Paul Sethe. Leserbrief SPIEGEL, 5. Mai 1965.

    • Offizieller Beitrag

    Gemäss Webseite "ausschliesslich" Handel in London!


    Mit OTC-Handel gab und gibt es immer wieder Geschichten, die sich an der Grenze des Legalen abspielen (wie kriminelle Leerverkäufe). Besonders berüchtig war (ist? ) Berlin...

    Frage in die Runde:
    Gestern am "Biertisch" habe ich das Gerücht gehört, dass sogar Putin an Highland Gold beteiligt sein soll.
    Kann das jemand bestätigen oder hat da jemand schon etwas ähnliches gehört?


    Allgemein sehen die ja gar nicht schlecht aus.

    Zur fundamentalen Bewertung interessant. Bis auf EBITDA Yield sind die Kennziffern für mich neu.

    Die zweite und dritte Kennziffer ist m.E. nur im Vergleich von Minen nützlich.



    Zusammenfassung
    - EBITDA Yield: 18.87%
    - ERP5: 1955. The lower the ERP5 rank, the more undervalued a company is thought to be.
    - MF Rank: 3836. A company with a low rank is considered a good company to invest in.
    - Piotroski F-Score: 9. A score of nine indicates a high value stock.



    Highland Gold Mining Limited (AIM:HGM): A look at Yield & Technicals
    http://ozarktimes.com/highland…-yield-technicals/115490/


    July 5, 2017 Sarah Corning
    The EBITDA Yield is a great way to determine a company’s profitability. This number is calculated by dividing a company’s earnings before interest, taxes, depreciation and amortization by the company’s enterprise value. Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents. The EBITDA Yield for Highland Gold Mining Limited (AIM:HGM) is 18.87%.
    When dealing with the stock market, investors may seek to make trades that will limit regret and create a sense of pride. Often times, investors may be challenged with trying to figure out the proper time to sell winners or let go of losers. Of course, nobody wants to sell a winner if it looks like there may be more profits to be had. On the other hand, nobody wants to hold on to a loser for so long that severe losses pile up. Investors often need to assess their own appetite for risk. Some may be able to stomach large swings on a daily basis. Others may not be able to take the volatility when dealing with riskier investments. Risk decisions may be made on past outcomes, and investors who have experienced previous profits and gains may be more likely to take a bigger risk in the future. Those who have only seen substantial losses may be more risk adverse in the future.
    Another useful indicator to assist in detmining rank is the ERP5 Rank. This is an investment tool that analysts use to discover undervalued companies. The ERP5 looks at the Price to Book ratio, Earnings Yield, ROIC and 5 year average ROIC. The ERP5 of Highland Gold Mining Limited (AIM:HGM) is 1955. The lower the ERP5 rank, the more undervalued a company is thought to be.
    Looking further, the MF Rank (aka the Magic Formula) is a formula that pinpoints a valuable company trading at a good price. The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital.
    The MF Rank of Highland Gold Mining Limited (AIM:HGM) is 3836. A company with a low rank is considered a good company to invest in. The Magic Formula was introduced in a book written by Joel Greenblatt, entitled, “The Little Book that Beats the Market”.


    Piotroski F-Score
    The Piotroski F-Score is a scoring system between 1-9 that determines a firm’s financial strength. The score helps determine if a company’s stock is valuable or not. The Piotroski F-Score of Highland Gold Mining Limited (AIM:HGM) is 9. A score of nine indicates a high value stock, while a score of one indicates a low value stock.
    The score is calculated by the return on assets (ROA), Cash flow return on assets (CFROA), change in return of assets, and quality of earnings. It is also calculated by a change in gearing or leverage, liquidity, and change in shares in issue. The score is also determined by change in gross margin and change in asset turnover.
    The Gross Margin Score is calculated by looking at the Gross Margin and the overall stability of the company over the course of 8 years. The score is a number between one and one hundred (1 being best and 100 being the worst). The Gross Margin Score of Highland Gold Mining Limited (AIM:HGM) is 28. The more stable the company, the lower the score. If a company is less stable over the course of time, they will have a higher score.


    Price Index
    The Price Index is a ratio that indicates the return of a share price over a past period. The price index of Highland Gold Mining Limited (AIM:HGM) for last month was 0.92107. This is calculated by taking the current share price and dividing by the share price one month ago. If the ratio is greater than 1, then that means there has been an increase in price over the month.
    If the ratio is less than 1, then we can determine that there has been a decrease in price. Similarly, investors look up the share price over 12 month periods. The Price Index 12m for Highland Gold Mining Limited (AIM:HGM) is 1.42295.

    Es gehen neuerdings die Gerüchte, daß man mit Petropavlovsk fusionieren (oder gar übernehmen?) will.
    Ein Hindernis namens "Peter Hambro" wurde vor kurzem aus dem Direktorium von Petropavlovsk abgewählt.


    Highland Gold scheint eine interessante Geschichte. ;)


    saludos

    ?)

    Highland Gold net profits fall

    Highland Gold Mining's net profits fell to $25.9m in the six months to the end of June - down from $37.0m last time.
    Total first half revenue was broadly flat year-on-year at $147.2m but
    EBITDA fell bu 8.1% to $73.2m chiefly due to a stronger rouble (average
    exchange rate was 57.76 RUB/US dollar in H1 2017 vs 70.23 RUB/US dollar
    in H1 2016), higher production costs and utilisation of low-grade ore at
    BG. EBITDA margin for the period was 50% versus 54% for H1 2016.
    All-in sustaining costs per ounce rose to $674 from $609 in H1 2016 due
    to the stronger rouble and lower average grades at Belaya Gora.
    The net debt to EBITDA ratio rose marginally to 1.30 as of 30 June 2017
    versus 1.26 as of 31 December 2016, when net debt was $205.5m.
    Total production at Mnogovershinnoye (MNV), Novoshirokinskoye (Novo) and
    Belaya Gora for H1 2017 was 131,784 oz of gold and gold equivalent, up
    2.4% from 128,671 in H1 2016.
    MNV and Novo improved on H1 2016 gold and gold equivalent production by 13% and 5.2%, respectively.
    http://www.stockmarketwire.com…old-net-profits-fall.html

    Die Schulden sind leider nicht verringert worden.


    Den Anstieg der AISC ( + 10%) finde ich aber eher noch moderat, wenn man den dazu noch stärkeren Rubel betrachtet. Die Dividende bleibt auch fast bei 5 Pence.


    Der Markt reagiert heute auch nicht so enttäuscht. Bleibe dabei.

    Ein höheres Tief im Stundenchart.


    Einige fundamentale Informationen


    A Look Under the Hood at Highland Gold Mining Limited (AIM:HGM)’s Profitability
    The Return on Invested Capital (aka ROIC) Score for Highland Gold Mining Limited (AIM:HGM) is 4.032117. The Return on Invested Capital is a ratio that determines whether a company is profitable or not. It tells investors how well a company is turning their capital into profits. The ROIC is calculated by dividing the net operating profit (or EBIT) by the employed capital. The employed capital is calculated by subrating current liabilities from total assets. Similarly, the Return on Invested Capital Quality ratio is a tool in evaluating the quality of a company’s ROIC over the course of five years. This is calculated by dividing the five year average ROIC by the Standard Deviation of the 5 year ROIC. The ROIC 5 year average is calculated using the five year average EBIT, five year average (net working capital and net fixed assets).
    Highland Gold Mining Limited (AIM:HGM) has a Price to Book ratio of 0.821783. This ratio is calculated by dividing the current share price by the book value per share. Investors may use Price to Book to display how the market portrays the value of a stock. Checking in on some other ratios, the company has a Price to Cash Flow ratio of 5.311914, and a current Price to Earnings ratio of 17.227568. The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued.
    Checking in on some valuation rankings, Highland Gold Mining Limited (AIM:HGM) has a Value Composite score of 13. Developed by James O’Shaughnessy, the VC score uses five valuation ratios. These ratios are price to earnings, price to cash flow, EBITDA to EV, price to book value, and price to sales. The VC is displayed as a number between 1 and 100. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is currently sitting at 7.
    Watching some historical volatility numbers on shares of Highland Gold Mining Limited (AIM:HGM), we can see that the 12 month volatility is presently 40.483100. The 6 month volatility is 31.570600, and the 3 month is spotted at 28.672400. Following volatility data can help measure how much the stock price has fluctuated over the specified time period. Although past volatility action may help project future stock volatility, it may also be vastly different when taking into account other factors that may be driving price action during the measured time period.
    Price Index
    We can now take a quick look at some historical stock price index data. Highland Gold Mining Limited (AIM:HGM) presently has a 10 month price index of 0.84000. The price index is calculated by dividing the current share price by the share price ten months ago. A ratio over one indicates an increase in share price over the period. A ratio lower than one shows that the price has decreased over that time period. Looking at some alternate time periods, the 12 month price index is 1.13665, the 24 month is 2.98381, and the 36 month is 5.13688. Narrowing in a bit closer, the 5 month price index is 1.07650, the 3 month is 0.93936, and the 1 month is currently 0.99650.
    Scores
    The Gross Margin Score is calculated by looking at the Gross Margin and the overall stability of the company over the course of 8 years. The score is a number between one and one hundred (1 being best and 100 being the worst). The Gross Margin Score of Highland Gold Mining Limited (AIM:HGM) is 46.00000. The more stable the company, the lower the score. If a company is less stable over the course of time, they will have a higher score.
    The C-Score is a system developed by James Montier that helps determine whether a company is involved in falsifying their financial statements. The C-Score is calculated by a variety of items, including a growing difference in net income verse cash flow, increasing days outstanding, growing days sales of inventory, increasing assets to sales, declines in depreciation, and high total asset growth. The C-Score of Highland Gold Mining Limited (AIM:HGM) is 2.00000. The score ranges on a scale of -1 to 6. If the score is -1, then there is not enough information to determine the C-Score. If the number is at zero (0) then there is no evidence of fraudulent book cooking, whereas a number of 6 indicates a high likelihood of fraudulent activity. The C-Score assists investors in assessing the likelihood of a company cheating in the books.
    The Piotroski F-Score is a scoring system between 1-9 that determines a firm’s financial strength. The score helps determine if a company’s stock is valuable or not. The Piotroski F-Score of Highland Gold Mining Limited (AIM:HGM) is 8. A score of nine indicates a high value stock, while a score of one indicates a low value stock. The score is calculated by the return on assets (ROA), Cash flow return on assets (CFROA), change in return of assets, and quality of earnings. It is also calculated by a change in gearing or leverage, liquidity, and change in shares in issue. The score is also determined by change in gross margin and change in asset turnover.
    The MF Rank (aka the Magic Formula) is a formula that pinpoints a valuable company trading at a good price. The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. The MF Rank of Highland Gold Mining Limited (AIM:HGM) is 4861. A company with a low rank is considered a good company to invest in. The Magic Formula was introduced in a book written by Joel Greenblatt, entitled, “The Little Book that Beats the Market”.
    The Shareholder Yield is a way that investors can see how much money
    shareholders are receiving from a company through a combination of
    dividends, share repurchases and debt reduction. The Shareholder Yield
    of Highland Gold Mining Limited (AIM:HGM) is 0.074934. This percentage
    is calculated by adding the dividend yield plus the percentage of shares
    repurchased. Dividends are a common way that companies distribute cash
    to their shareholders. Similarly, cash repurchases and a reduction of
    debt can increase the shareholder value, too. Another way to determine
    the effectiveness of a company’s distributions is by looking at the
    Shareholder yield (Mebane Faber). The Shareholder Yield (Mebane Faber)
    of Highland Gold Mining Limited AIM:HGM is 0.09623. This number is
    calculated by looking at the sum of the dividend yield plus percentage
    of sales repurchased and net debt repaid yield.


    http://trionjournal.com/a-look…gms-profitability/417249/


    *****


    Highland Gold board adopts dividend policy
    13 December 2017 | 09:57am
    StockMarketWire.com - Highland Gold Mining's board has adopted a dividend policy which anticipates a total payout of 20% of net cash flow from operating activities.


    The company said it aimed to pay a dividend that took into account cash generation, profitability, balance sheet strength, and capital investment requirements.


    It said the board may recommend the distribution of additional cash on the balance sheet through increased or special dividends should those funds not be required for capital expenditure or debt repayment.
    *****
    Weitere Infos
    http://www.highlandgold.com/up…cs/Factsheet_Dec_2017.pdf

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