In the first three months of the year, we saw a major rally on a number of resource stocks listed on the JSE.
Take a look at the chart of the JSE-Resources Top 20 Index to see what I mean…
During the 20% resource rally, we took full advantage and my Red Hot Storm Trader members managed to bank a total gain of 245.65% including a:
• 51.95% gain on Anglo American Plat... ››› more
It looks like 2019, is the year for resources.
Whether you're looking at resource stocks, gold, silver - they all seem to be on the rise.
In fact, with Red Hot Storm Trader we’ve already banked three winning resource stock trades in a row.
On 14 December 2018 we bought Anglo American Platinum and sold it for a 51.95% gain on 18 January 2019. Then we bought Kumba and Anglo Gol... ››› more
Anglo American Platinum, known as Amplats, is the world's largest producer of platinum. It is one of the Johannesburg Stock Exchange's top 40 companies…
Full name: Anglo American Platinum Limited
Short name: Amplats
Sector: Basic resources – mining
Five top facts about Anglo American Platinum
Anglo American Platinum employs over 49,700 people. The majority ... ››› more
Earlier today, Anglo American Platinum (Amplats) released a summary of its preliminary results for the year to the end of December.
The platinum producer came out bullish about the prospects for the metal, but its accounts showed the strain of last year's five-month strike in the sector.
Let's take a closer look at what the results showed…
Amplats forecast a rise in demand and the pr... ››› more
Earlier today, Anglo American Platinum (Amplats) released a trading update for the full-year to the end of December.
The platinum producer warned of a sharp tumble in earnings over the period. This follows a five-month strike that hit its operations last year.
Let's take a closer look at what Amplats revealed…
Amplats says earnings are to fall between 40% and 55%
Amplats [JSE:AMS]... ››› more
Earlier today, Anglo American Platinum (Amplats) released a trading statement covering its full-year to the end of December this year.
In the statement, Amplats revealed the company expects earnings for the full-year to drop significantly. This is mostly in part to a five-month strike that hit the platinum producer this year.
Let's take a closer look at what Amplats said…
Amplats say... ››› more
Last week, Anglo American, the parent company of Anglo American Platinum (Amplats), revealed its plans to sell off some of its platinum operations.
This follows the company incurring massive losses following a five-month long strike that crippled production.
Yesterday, the African National Congress (ANC) said they'd prefer a local buyer for the operations.
Let's take a closer look at what... ››› more
Yesterday, along with the release of its results for the six months to the end of June, Anglo American Platinum (Amplats) revealed its plans to sell of a number of its platinum operations.
Workers' unions are not happy with the plans as they anticipate massive job cuts. And a labour expert has warned of the repercussions of the move.
Let's take a closer look…
Amplats’ selling its min... ››› more
Earlier today, Anglo American Platinum (Amplats) released its results covering the six months to the end of June. The five-month long strike took its toll on production, with earnings dropping drastically for the period.
Amplats also revealed it plans to sell off some of its operations.
Let's take a closer look…
Amplats’ headline earnings per share fell almost 90%
In its latest six-... ››› more
The parent company of Anglo American Platinum (Amplats), Anglo American, released its second quarter production report earlier today.
Not surprisingly, the diversified miner reported a sharp drop in platinum production. But other resources mined showed strong growth.
Let's take a closer look at the report…
Anglo American shares dipped on release of the report
On release of the report... ››› more
After five months of strikes, yesterday Amcu signed the new wage agreements with the big platinum mining companies. This deal secured wage rates for the next three years.
And right now, this deal will be the catalyst for a massive profit opportunity for value investors.
Let me explain.
Platinum profits have been hit, but the value is still there
Although the strike has ended, a... ››› more
This morning, the Association of Mineworkers and Construction Union (AMCU) and the world's top three platinum producers resumed talks to try and bring an end to the near four month long strike. The market took the talks as a hint that the strike could come to an end soon with two of the producers rallying. Let's take a closer look at what's going on…
New wage talks began this morning
At 1... ››› more
After some glimmers of hope that the platinum sector strike was nearing an end, the Association of Mineworkers and Construction Union (AMCU) has formally rejected the latest offer. The platinum producers affected by the strike announced the news this morning. The strike is now in its fifteenth week. Let's take a closer look at what's going on…
The AMCU vows to continue with strike
This mor... ››› more
Just before the long Easter weekend, the platinum producers affected by a three-month long strike tabled a new offer to the Association of Mineworkers and Construction Union (AMCU). This resulted in talks between producers and the union resuming on Tuesday. But despite hopes that the new offer would bring an end to the strike, last night it emerged talks were deadlocked. Now the platinum producers... ››› more
Earlier today, Anglo American released its management statement for its first quarter of the year. The diversified mining group showed production rose in all its divisions, with Anglo American Platinum being the exception. The strike has severely impacted production. Let's take a closer look at what Anglo American revealed…
A proven path ... ››› more
As the strike hitting the top three platinum producers is in its twelfth week, reports suggest that Anglo American could be looking to sell its Rustenburg operations. The company has confirmed the operations aren't in a good financial position. Let's take a closer look at what's going on…
A proven path to a lifetime of wealth
Most peop... ››› more
If you're one of the investors still holding on to your shares in one of the big three platinum miners I feel for you…
AMCU is STILL striking for its massive wage increases at Anglo American Platinum, Lonmin and Impala Platinum…
In their latest update CEOs Chris Griffith, Terence Goodlace and Ben Magara said: “The extended strike on the platinum belt is unprecedented, and at a stage wh... ››› more
As the strike affecting the South African platinum sector nears ten weeks, the affected producers are considering their options. Earlier today, the CE of Anglo American said it might even consider divesting from the platinum sector in wake of the strikes. Let's take a closer look at what's going on…
Anglo American’s CEO says it could divest from platinum
The CEO of one of the world’s la... ››› more
The Johannesburg Stock Exchange closed higher today with good news fuelling shares. The local market took positive cues from the chairwoman of the US Federal Reserve's positive indications last night. And better manufacturing data out of China added more confidence. Let's take a closer look at the day on the JSE…
Chinese manufacturing data comes out positive
China’s data for manufacturing... ››› more
The Council for Conciliation, Mediation and Arbitration (CCMA) said it will resume talks with the Association of Mineworkers and Construction Union (AMCU) today. But with the strike already nine weeks in, the damage to the sector is apparent. The lengthy strike makes it look more likely that the platinum producers will move quickly into automating parts of the mining process, removing the need for... ››› more
Disclaimer Note that FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found in this publication.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this newsletter. However they have signed restraints to prevent the abuse of their position as contributors to this publication.