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KCN - Kingsgate Consolidated

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KCN - Kingsgate

This stock appears severely undervalued IMO - but then again it is only my judgement:

Commsec reports the following

Earnings and Dividends Forecast (cents per share)
2008 2009 2010 2011
EPS 11.8 39.7 58.4 89.3
DPS 0.0 5.5 24.0 29.0

This is for a stock that trades at $2.60 & has no debt

I'm interested in others opinions on this
 
Re: KCN - Kingsgate

Which stock isn't severely undervalued ATM ;-)

One month ago this was my favorite..... Now .....

Can't beleive the bad luck in not being able to sell some parcels a fews days ago.

Long term winner IMO.
 
KCN recovered nicely with the gold price...

any forecasts on results from December quarter? i think they are due early Friday or monday???
 
Anyone have a view on KCN? Seems to have run much harder than thier earnings would support. I know their cash costs are down slightly, but nothing to get excited about... Everyone knew that would happen at Chatree North and should have been priced in. Chatree North will also bring capex. Also the takeover story is getting boring. Might be time to opt out I am thinking.
 
Can anybody inform as to why the small surge in KCN today ,it caught me unaware and I sold my stock far too cheaply . Have scanned announcements but come up with zilche.....interesting ???????
 
Target price now 10 bucks. Up 8.2% today to 7.65 but still no real news. No real gold stocks rally. Inefficient mkt? Or just smart money? The later I reckon.


2245 GMT [Dow Jones] STOCK CALL: Goldman Sachs JBWere upgrades Kingsgate Consolidated (KCN.AU) to buy from hold. Says full year net profit of A$32.5 million came in ahead of forecast of A$21.3 million and fully franked dividend of 15 cents a share was also unexpected. Says KCN controls one of the lowest cost global gold mines with reasonable scale and a dominant exploration position in an underexplored gold field, "exactly the target for aggressive mid tier global gold companies". Target price set at A$10; KCN last traded at A$6.87. (APW)
 

So from my reading they claim that they may have up to $10billion in the ground at current prices. With many analysts claiming gold will hit $1500 an ounce this company could go much higher than $10. Also thye have a very large fund manager taking a position (Black Rock) and they bought in around $9.
 
can someone explain to me why this company has shares at over 10 dollars when the likes of Lihir is less than 50% of this
I cant understand it
 
blackjack said:
can someone explain to me why this company has shares at over 10 dollars when the likes of Lihir is less than 50% of this
I cant understand it
Click to expand...

Hi there blackjack. If I understand your question correctly......

It is not the share price that is important, but the market capitalization (MC) that is.

MC = Shares on Issue x Share Price


You need to have a look at both Market Caps first to compare.

On more speculative shares, you may also need to consider options not converted which can also add significant dilution to the share price.
 
thanks
i see the price drifting down again
there will be an IPO here in Thailand soon and so I might get set with a few shares and then maybe in the front row for the IPO on the SET (THai stock exchange)
thanks
 
blackjack said:
thanks
i see the price drifting down again
there will be an IPO here in Thailand soon and so I might get set with a few shares and then maybe in the front row for the IPO on the SET (THai stock exchange)
thanks
Click to expand...

lots of gold
BOI Thailand agreement for 5 years
tax free on imported mining equipment
cheap to produce an ounce of gold
Thai sub company will IPO this year or early next
expanding and doubling capacity

i bought in as VV says its worth $22 dollars and is their highest rated stock for many weeks now

I feel that when the USA fails that gold will go up and this mining stock is where to be

I also bought MML in the Philippines as they are producing for $190 per ounce
 
Is this merger with Dominion Mining going to be good for Kingsgate? The share price still hasn't recovered from the announcement back in october.
 
Kingsgate chart over the last decade or so attached below. Nice bounce in recent weeks, but two key resistance levels likely around $7.50, and then $8.50. Key support region around $5.75.

Cheers
Scott

 
Does any know why has KCN gone down so much in the last two months? I thought we had some good resistance at around $6 mark?
 
mark299 said:
Does any know why has KCN gone down so much in the last two months? I thought we had some good resistance at around $6 mark?
Click to expand...

Not really down that much in relation to other gold stocks like NCM, SBM, PRU, RSG just to name a few.
 
mark299 said:
Does any know why has KCN gone down so much in the last two months? I thought we had some good resistance at around $6 mark?
Click to expand...

AUD Gold has fallen, so KCN would be expected to fall too.

Hopefully management deliver on their promises with Challenger, than would be enough to diverge us from the lower gold price.
 
danbradster said:
AUD Gold has fallen, so KCN would be expected to fall too.

Hopefully management deliver on their promises with Challenger, than would be enough to diverge us from the lower gold price.
Click to expand...


End Jan 2010, KCN share price $8.80 AUD . Gold price was $1065 USD
End Jan 2013, KCN share price $3.99 AUD . Gold price is $1679 USD
What has gone wrong here ? Could anyone please explain ?
 
nizora said:



End Jan 2010, KCN share price $8.80 AUD . Gold price was $1065 USD
End Jan 2013, KCN share price $3.99 AUD . Gold price is $1679 USD
What has gone wrong here ? Could anyone please explain ?
Click to expand...

Perhaps you want to explore the other 2 variables, namely, production volume and cost/oz?

Having said that, the way every gold sotck is smashed after their quarterly is really something to behold.
 
nizora said:



End Jan 2010, KCN share price $8.80 AUD . Gold price was $1065 USD
End Jan 2013, KCN share price $3.99 AUD . Gold price is $1679 USD
What has gone wrong here ? Could anyone please explain ?
Click to expand...

Obviously more to it than the gold price.

I've just had my first look at KCN in probably 4 years, High production costs in both Thailand (low grade) and Challenger (old), the Thai Govt as usual being a pain in the ass, high development costs for Bowdens and Chile having to pretty much start from scratch, POG sentiment not doing to well.

Lots of reasons why KCN's SP is not doing so well.
 
nizora said:



End Jan 2010, KCN share price $8.80 AUD . Gold price was $1065 USD
End Jan 2013, KCN share price $3.99 AUD . Gold price is $1679 USD
What has gone wrong here ? Could anyone please explain ?
Click to expand...

Just looking at it from a chartist view.

It has been trading sideways between about $4.50 and $5.00 since Nov 12, give or take 0.15 or so.

Now it has dropped on huge volume to $4.00., which is old support from Aug 2012.

If it trades sideways it may regain upwards momentum. A significant fall below $4.00 on high volume, or even on low, may not auger well.



gg
 
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