Thursday 30 January 2014

Pan African Resources trading update




A small South African based precious mining group that produces gold and platinum from high grade ore bodies at a low cash cost.  I have a holding in my growth portfolio (epic code: PAF).


PAF updated the market on expectations for the half-year yesterday and stated that EPS for the period is expected to be between 8 and 15% higher than last year.  So that would amount to an EPS of between .92 and .98p.  This may lead to a small upgrade in analysts forecasts for the full year where expectation are for EPS of 1.80p.

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