Email of the day (3)
on more additions to the Chart Library
“ Can you add QRE, ARP, SDLP, SBGL, ANFI, INTUCH (TB), and HMSG LI ? Thanks.
"SBGL is very interesting. It's a spinoff from GFI of two South African Mines that are the highest producing in the country. But, what makes it interesting is that they are focused on returning cash to shareholders. The current dividend should be about 6% for 2013. Using the rest of the cash flow to pay down about $1 Bill of $3 Bill in debt. That should be cleared by year end and the dividend should jump to 11-12%.
Bloomberg etc. are not even showing the 2013 dividend yet as it's a spinoff. As they do, I think we will see a rerating as the world is yield starved. Especially for an asset as unique as a high yield gold stock."
Eoin Treacy's view Thank you for these suggestions which have been added to the Chart Library.
As you point out the prospect of a high yielding gold share is likely to prove attractive to investors particularly if gold holds in the current area. At present the share continues to trend lower and a sustained move above $5.80 would be required to break the progression of lower rally highs.