The story is not in the Technical but in the company fundamentals.
When we have look at the history it is a transformational story in my view . See the no dividend gap between 2016 and 2020 it when with many acquisitions , and a pile of rocks in the road ..during the time , they extended debt maximum , battled on some of the old ultra deep assets , but boy did they buy at a low.
It is a fundamental different company the margins is up from 15% to 50% on a massive base. Debt will be fully covered and the Dividend is going to be immense . There will be great reward for those shareholders that has supported them until now. take note that the new dividend has started and the turn has anticipated this . However if you look at market cap and fundamentals finance they are under valued at the performance by a mine ....
That is my view i am betting on this share . I believe in what is done and i anticipate a big dividend and a major re evaluation . Then in 2021 there will be action again
This is just my opinion and i share with you my personal views. Please make your own assessments.
When we have look at the history it is a transformational story in my view . See the no dividend gap between 2016 and 2020 it when with many acquisitions , and a pile of rocks in the road ..during the time , they extended debt maximum , battled on some of the old ultra deep assets , but boy did they buy at a low.
It is a fundamental different company the margins is up from 15% to 50% on a massive base. Debt will be fully covered and the Dividend is going to be immense . There will be great reward for those shareholders that has supported them until now. take note that the new dividend has started and the turn has anticipated this . However if you look at market cap and fundamentals finance they are under valued at the performance by a mine ....
That is my view i am betting on this share . I believe in what is done and i anticipate a big dividend and a major re evaluation . Then in 2021 there will be action again
This is just my opinion and i share with you my personal views. Please make your own assessments.
Comment:
Bond conversion is complete .If price hold we will see rerating here ...i will watch closely
Comment:
Johannesburg, 21 October 2020. Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW - www.commodity-tv.com...and-qa-october-2020/) announced on 18 September 2020 that its wholly owned subsidiary, Sibanye Gold Limited (the “Issuer”), had exercised its option in respect of its US$450,000,000 1.875 per cent convertible bonds due 2023 (the “Bonds”) to redeem all outstanding Bonds on 19 October 2020 (the “Optional Redemption Date”) at their principal amount, together with accrued but unpaid interest up to (but excluding) the Optional Redemption Date, and an optional redemption notice was issued to all holders of the Bonds (“Bondholders”) on 18 September 2020 (the “Optional Redemption Notice”).
Sibanye-Stillwater confirms that in response to the Optional Redemption Notice, US$383,000,000 of the US$383,800,000 outstanding Bonds have been converted by Bondholders. Pursuant to this conversion by Bondholders, 247,912,467 ordinary shares of the Company (“Shares”) have been issued and listed on the Johannesburg Stock Exchange over the last two weeks, resulting in a total number of 2,925,001,704 Shares currently in issue. The new Shares issued will rank pari passu with the existing Shares of the Company in issue. The remaining Bonds, amounting to US$800,000, were redeemed by the Issuer in cash at par value plus an accrued coupon, resulting in an aggregate cash consideration of US$800,958.33 being paid to Bondholders.
“The successful early conversion of the Bonds concludes a key element of the funding for the value accretive Stillwater acquisition concluded in May 2017. It materially reduces debt levels and financing costs for the Group, improving our capital structure and increasing our financial flexibility, allowing for a continuation of superior returns to shareholders. We are delighted with the exceptional progress made by the Group over the last three years and look forward to further improving our sustainability whilst appropriately rewarding our investors”, Sibanye-Stillwater Chief Financial Officer Charl Keyter commented.
Sibanye-Stillwater confirms that in response to the Optional Redemption Notice, US$383,000,000 of the US$383,800,000 outstanding Bonds have been converted by Bondholders. Pursuant to this conversion by Bondholders, 247,912,467 ordinary shares of the Company (“Shares”) have been issued and listed on the Johannesburg Stock Exchange over the last two weeks, resulting in a total number of 2,925,001,704 Shares currently in issue. The new Shares issued will rank pari passu with the existing Shares of the Company in issue. The remaining Bonds, amounting to US$800,000, were redeemed by the Issuer in cash at par value plus an accrued coupon, resulting in an aggregate cash consideration of US$800,958.33 being paid to Bondholders.
“The successful early conversion of the Bonds concludes a key element of the funding for the value accretive Stillwater acquisition concluded in May 2017. It materially reduces debt levels and financing costs for the Group, improving our capital structure and increasing our financial flexibility, allowing for a continuation of superior returns to shareholders. We are delighted with the exceptional progress made by the Group over the last three years and look forward to further improving our sustainability whilst appropriately rewarding our investors”, Sibanye-Stillwater Chief Financial Officer Charl Keyter commented.
Comment:
going to see a great dividend and a great year ...good for those that go in..great dividend and some growth ..wat a year
Comment:
Clearly Sibanye delivered ...we expect great div
Comment:
I am holding until dividends and then take cash
Trade closed: target reached:
good dividend awaiting and some announcements due in battery metal space ... will hold until dividend and relook at things