I shall keep updating my present watchlists till the end of 2014 i.e. part B and C. How as so many circumstances have changed around the shares now on the lists that I shall study all the circumstances and decide if they should remain on the lists. New shares will also be added such as AQP. To see my reasons ,go to sashares2010.blogspot.com
Hopefully a capital gain in price of at least 15% annually and also then in a couple of years time the paying of dividends as well. I shall be writing about platinum matters soon on our resources blog as well.
As a holder of AQP I hope you are right. I bought on the strength of their management, the succeeding turnaround and their stronger balance sheet since the rights issue. However, since then, I feel the risks of holding this share have increased because Mimosa, still their bread and butter, is under threat with indiginisation (new minister), tabled legislation for 15% increased royalties for unbenificated exports and withdrwal of being able to claim current loyalties as a tax expense. If all this new legislation is approved it will significantly impact AQP. In my view, the increased political risk cannot be ignored.
U could be right, but I feel the IMF (Int Mon Fund) intervention in their indiginisation programme would change it for the better as they have to jump through various hoops to get a loan. The IMF says they have already met half the conditions.
Even if the indiginisation threat is somewhat mitigated still have to contend with the other 2 pieces of proposed legislation. I feel that it will be more prudennt to wait until there is a clearer picture.
Barry. I see AQP is slipping and slipping but a lot of overseas agencies are starting to put the share out to a buy. Other than a better platinum price to jack the profit. It there any other news on the share to make it a NO BUY?? I think its a good company and want to accumulate for LONG TERM. Thoughts on this?