Presenting
Caledonia Mining Corporation (CMCL)
Caledonia’s primary asset is the low-cost Blanket Gold Mine in Zimbabwe, which produced 56,000 ounces of gold in 2017 at an all-in sustaining cost of $847/oz. Guidance for 2018 is 55koz - 59koz at an AISC of between $845/oz and $890/oz. Caledonia pays a quarterly dividend of 6.875 US cents. Blanket is approximately two thirds of the way through a fully funded growth plan, which will increase to 80koz by 2021 and is anticipated to reduce costs to approximately $750/oz.
Healthperm (HPR)
Healthperm was founded with the objective of addressing the acknowledged shortage of permanent nurses in the healthcare systems in the UK and the UAE, through the recruitment of experienced professionals from the Philippines. The Board believes that Healthperm has the potential to provide both capital growth and income through dividends for shareholders.
Saffron Energy (SRON)
The Group’s corporate strategy is to grow the production of gas and operations at its 3 core gas fields: Sillaro, Bezzecca and Sant’Alberto at a low-cost relative to other oil and gas companies, providing the basis for future shareholder value creation.
The Merchants Trust PLC
The Merchants Trust focuses on delivering high and rising income together with capital growth for its shareholders. The Trust is managed by Simon Gergel, Chief Investment Officer, UK Equities at Allianz Global Investors. Merchants’ aim is to provide shareholders with an above-average level of income and income growth with long term capital growth, through a policy of investing mainly in higher yielding large UK companies. Merchants is benchmarked against the FTSE All- Share Index. Although past performance is no guide to the future, Merchants is one of the highest yielding UK equity income investment trusts, currently yielding 4.9%.