Just perusing October announcements/reports for Northern Star v Tribune
Some key side-by-side observations are
NORTHERN STAR
- Increasing Costs
- Diminishing Reserves
- Overseas Operations - POGO is a disaster with with failure to reach forecasts and more bad news to follow
- Executive Chairman - $2.23M + $2.9M in performance rights = $5.5M (this is astonishing but in 2008 it was $7.4M!!!)
- Insider Trading - Executive Chairman stockholding has reduced 70% in the last 3 years
- Revenue Growth - 2018 Y-O-Y 11% (I forecast this to be negative in 2019 with POGO downside)
- Market Performance - 1 Year 17.5%
- Share Price - increasing volatility (IMHO overvalued)
TRIBUNE
- Diminishing Costs (- except at the EKJV where their partner NST have inserted themselves as the Mining Contractor)
- Increasing Reserves
- Overseas Operations - Africa and the Philippines are very underrated deposits. TBR just need to navigate the political landscape to make massive shareholder returns (IMHO)
- Executive Director - $383K (must be a record low for a performing stock on the ASX)
- Insider Trading - Executive Director stockholding remains steady
- Revenue Growth - 2018 Y-O-Y 32%
- Market Performance - 1 Year 52.4%
- Share Price - low volatility (IMHO undervalued)
Why does the market treat NST as a darling and TBR gets very little attention. Is this the result of simple PR and marketing? From where I sit I see TBR as an organisation that adheres to fundamentals of business - simply reduce costs, and maximise profits.
With the US-China divide, for me, Gold is the historical safe haven to retreat to. I am considering taking a holding in TBR as I feel confident they have a low downside due to such cost controls. Am I missing something?
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Last
$5.65 |
Change
0.290(5.41%) |
Mkt cap ! $296.4M |
Open | High | Low | Value | Volume |
$5.36 | $5.65 | $5.36 | $297.3K | 54.06K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 107 | $5.60 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.65 | 1999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 107 | 5.600 |
1 | 3545 | 5.550 |
1 | 544 | 5.510 |
1 | 3000 | 5.370 |
1 | 104 | 5.340 |
Price($) | Vol. | No. |
---|---|---|
5.650 | 1999 | 1 |
5.680 | 17807 | 1 |
5.700 | 1040 | 1 |
8.600 | 40 | 1 |
0.000 | 0 | 0 |
Last trade - 16.10pm 10/09/2025 (20 minute delay) ? |
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