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Thread: Market Action

  1. #551
    Join Date
    Jan 2017
    Posts
    4,130

    Default

    For the PBR post above, the dividend payout ratio is about 91 %,
    ie quite high. This is deceiving though.

    If you take FCF (Free Cash Flow) its dividend in 2021 it is

    FCF=4.83 $/share

    Dividend= 1.67 $/share

    FCF Payout Ratio= 1.67 / 4.83 = 35 %

    My note: a high dividend payout is looking unsustainable while
    it might be perfectly sustainable. This dividend payout ratio is
    a computer generated figure, missing detailed analysis.

  2. #552

    Default

    OBTW, I did bottom feed and purchase Sibanye Stillwater which is yielding 11.25% at today's price.
    American Legion Preamble: https://www.legion.org/preamble

  3. #553

    Default

    Quote Originally Posted by LongDonSilver View Post
    OBTW, I did bottom feed and purchase Sibanye Stillwater which is yielding 11.25% at today's price.
    Unfortunately the forward 12 month dividend is unlikely to be more than 4% if current metal prices stay where they are.

    Unfortunately, because I own a bit of this company, or will eventually, when my puts get called early next year, unless price rises a bit.

    They have a dividend policy of only paying out 25% to 35% of normalized earnings, and these earnings will be hard hit due to flooding and strikes earlier this year as well as weaker prices.

  4. #554
    Join Date
    Jan 2017
    Posts
    4,130

    Default

    Sibanye Stillwater had a difficult half year, with earnings declining
    cca 50 %. Lots of operational problems. The company is solving them.

    Sibanye has huge potential though, with ore reserves lasting for decades.
    It is the world's largest platinum producer and second largest palladium
    producer. It is also a gold major.

    Now the good news: the company diversified into lithium with major
    acquisitions.

    All these events did not go unnoticed by Wall Street. The stock price
    is recovering.

    https://seekingalpha.com/article/453...nye-stillwater

  5. #555
    Join Date
    Jan 2017
    Posts
    4,130

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    Earnings look great for Petrobras (PBR)

    https://www.chartmill.com/stock/quot...ings-estimates

  6. #556
    Join Date
    Jan 2017
    Posts
    4,130

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    Forget about the dead cat bounce. It is all about
    inflation and dollar.

    https://morningporridge.com/blog/bla...nd-the-dollar/

  7. #557

    Unhappy

    Under 30,000 today
    Forgot we were there mid June of this year.
    1835 Andrew Jackson had US debt at ZERO $0
    175 YEARS later .......
    2008 Owebama started at $10 TRILLION, left 2016 at $20 TRILLION
    So from 2008 - 2021 (13 years) added $20 TRILLION

    https://youtu.be/1kuTG19Cu_Q

  8. #558

    Default

    Now under 30,000
    1835 Andrew Jackson had US debt at ZERO $0
    175 YEARS later .......
    2008 Owebama started at $10 TRILLION, left 2016 at $20 TRILLION
    So from 2008 - 2021 (13 years) added $20 TRILLION

    https://youtu.be/1kuTG19Cu_Q

  9. #559

    Default

    With the stock market down further today, especially international (that is now at same level as over 10 years ago), is anyone else here dipping there toes back in?

    Do not forget: buy low, sell high. If you cant' do that, are one who fears when they should be brave, and brave when they should fear, best just buy physical gold steady over time, and keep it discrete.
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

  10. #560

    Default

    From LongDonSilver

    Yeah, I too jumped in somewhat back in June and I've already pulled most of that out. I feel that the July bounce is over. I think (IMHO) that we're getting primed for the next stock drop. I think some more real pain will hit the overall market and that will transfer to the miners for a little bit of time. There won't be any positive things happening until last this year and even then I think it will be spotty. If we get a bottom it won't be a "V" bottom, it will be a long slow sit on the bottom for a long time bottom. So no need to rush into anything. While I'm dipping some cash into junior mining stocks, I'm not doing it in a rush

    Looks like you are one who times things well. Are you getting back in now, or waiting longer?
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

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