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Goldplat - Profits Warning: Buy for Income

Tom Winnifrith
Saturday 8 June 2013

On Monday, Goldplat (GDP), the AIM-listed African gold producer, rather disappointingly warned that “EBITDA for FY2013 is likely to be materially lower than market expectations”. I am disappointed because I had tipped the stock at a higher level. But how many gold companies issue an alert and still seem set to maintain a bumper dividend? Not a lot. And that is why this is a buying opportunity for both income seekers and those wanting gold exposure.

Although the company notes

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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