Petmin Limited. JSE: PET

Petmin shares

Background of Petmin

[info_list font_size_icon=”24″][info_list_item list_icon=”Defaults-check”]Petmin is a geographically diversified, multi-commodity mining company based in South Africa, with a developmental iron project in Canada. With a history stretching back to 1972, the company focuses on commodities that support the steel value chain, and is today South Africa’s leading producer of metallurgical anthracite through the Somkhele anthracite mine in KwaZulu-Natal. Operated through wholly-owned subsidiary Tendele Coal Mining, the mine employs more than 900 people and has an annual capacity of 1.1 million saleable tonnes of anthracite and 400 000 saleable tonnes of energy product.[/info_list_item][info_list_item list_icon=”Defaults-check”]Approximately half of production is exported via Richard’s Bay to international markets, mainly Brazil. The balance is sold to the ferro-alloy industry in South Africa[/info_list_item][info_list_item list_icon=”Defaults-check”]Petmin went on to buy a 40% stake in the North Atlantic Iron Corporation (NAIC), a development stage industrial company that plans to produce merchant pig iron from its significant iron sands deposit in Canada.[/info_list_item][info_list_item list_icon=”Defaults-check”]Petmin shares are for sale on the Johannesburg Stock Exchange (JSE) with a market cap of R750 million. Petmin share price has been battered by the difficult conditions within the global steel industry.[/info_list_item][/info_list]

Petmin Shares Growth Driver

[info_list icon_color=”#0c0c0c” font_size_icon=”24″][info_list_item list_icon=”Defaults-line-chart”]Petmin share price has plunged in the last few years due to deteriorating conditions within the steel trade. The live online JSE stocks chart shows a significant dip from R3.38 in 2012 to R1.30 in September 2016.[/info_list_item][info_list_item list_icon=”Defaults-line-chart”]Data for the 2016 financial year highlighted a steep decline in profit from R125 million to R11 million. This was influenced by a R115 million impairment of a 25% stake in the Veremo pig iron joint venture near Stofberg in Mpumalanga, which had made no progress since the company first decided to buy into it in 2014.[/info_list_item][info_list_item list_icon=”Defaults-line-chart”]Production of saleable anthracite from Somkhele was down by 7% due to the appearance of a dyke in one of the mine’s three mining areas affecting quality and sizing of run-of-mine material. Production was also restricted to conserve water during the prevailing drought, although some rains and mitigating actions have since restored water balance to a level adequate for full production levels. Average sale prices have been under pressure due to oversupply from China, with inland sales prices down 5% from 2015. The high exchange rate hampered average prices achieved from the export market, but the average purchase price of energy coal increased by a substantial 38% due to continuing strong demand for the product.[/info_list_item][info_list_item list_icon=”Defaults-line-chart”]In better news, the company was awarded the mining rights for Areas 4 and 5 of the Somkhele mine in May 2016, allowing Tendele to start the process of expansion. Meanwhile, a bankable feasibility study is being finalised for the NAIC project, with a final investment decision to be undertaken thereafter.[/info_list_item][/info_list]

Petmin Group Investor Tip

[info_list icon_color=”#0c0c0c” font_size_icon=”24″][info_list_item list_icon=”Defaults-graduation-cap mortar-board”]Investors deciding whether to buy Petmin shares won’t have cause for much confidence based on the latest financial data released by the company and the falling Petmin share price. The steel industry is in a significant state of upheaval, and investors won’t be willing to buy the shares until the forecast becomes brighter.[/info_list_item][/info_list]

Petmin Major Shareholders

Dark Capital International, Afena Capital, Investec, J C du Preez, Regarding Capital Management, First Rand Bank.

[info_list font_size_icon=”24″][info_list_item list_title=”Sector” list_icon=”Defaults-map-marker”]Energy[/info_list_item][info_list_item list_title=”Industry” list_icon=”Defaults-map-marker”]Oil, Gas & Coal[/info_list_item][info_list_item list_title=”Sub industry” list_icon=”Defaults-map-marker”]Coal Operations[/info_list_item][/info_list]

How to buy Petmin Group Shares

[info_list icon_color=”#0c0c0c” font_size_icon=”24″][info_list_item list_title=”Petmin : How to buy Petmin Group Shares Online” list_icon=”Defaults-circle”]We have made it simple to buy JSE listed firm shares online. The easiest way to buy Petmin Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Petmin Group and assist you with the setup and management of your stock portfolio account.[/info_list_item][info_list_item list_title=”Here are the steps you must follow to Buy / Purchase Petmin Group shares with utmost confidence:” list_icon=”Defaults-circle”]

  1. Start by Filling in the BUY THIS SHARE form.
  2. Insert your name, email, telephone number and monthly remuneration.
  3. Then, Indicate the amount you are looking to invest in Petmin Group.
  4. Click the “ INVEST NOW” button
  5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
  6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)

[/info_list_item][info_list_item list_title=”Buy Shares with Confidence ” list_icon=”Defaults-circle”]Buying JSE shares has never been this convenient and easy. #myfirstshare

View more JSE shares for sale – here.[/info_list_item][/info_list]

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