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When looking for new stocks to invest in, it is very easy to forget that the best option may be the one you already have. Boosting one’s position in well-performing companies is a great way to get rich and that’s exactly what I did last week with the Anglo Pacific Group (LSE: APF)
Anglo Pacific is a mining company that does not do any mining This might seem strange at first, but it’s actually quite cool. The company provides funding for other mining companies – like Rio Tinto and the BHP Group – to develop and operate new sites in exchange for royalties in the form of minerals extracted from Earth
I previously explored how Anglo Pacific’s unique business model creates extraordinary levels of profitability within an industry that has virtually no pricing power since, two new pieces of information have been released – third-quarter earnings and an exciting stakeholder announcement
The earnings report mostly follows expectations, with a slight drop in equity returns from £ 6m to £ 5m 7m This reduction is hardly good news however, the reason is mainly due to the long wall change at the Kestrel Mine in Australia
Simply put, the mine has been extended and fourth-quarter revenue is expected to see an increase in production.
Another change scheduled for the third quarter of 2021 is expected to cause a similar level of disruption but again, it will increase the site’s production
The most impressive result is that two sites extracting uranium and vanadium have seen triple growth of 117% and 131%, respectively. Despite the massive disruptions caused by Covid-19, both minerals – plus copper and iron – are reaching the highest Levels for several years
In addition to dividends, I have successfully completed a £ 5 million share buyback scheme. To be reminded, share buybacks are an alternative to dividends. As a way of returning dividends to shareholders, share buybacks reduce the number of shares available in the market and thus increase value for existing shareholders. / p>
Therefore, given that Anglo Pacific has around 180 million outstanding shares, the company indirectly paid a dividend of 28 pence per share this plus direct dividends of 175p due on November 13, 2020 and February 17, 2021
At the current share price of £ 1 03, these payments together represent a 61% return on investment over the next three months.
The closing of mines in March had a significant impact on operations as such. The stock is unlikely to achieve its historic double digit growth this year. However, the loss of performance is not due to a problem with the company but due to a pandemic that affected the entire world.
Of course this is only my opinion, but it also appears to be similar to the views of the management team. Several board members – including CEO Julian Treasure – have bought shares in the past month.
In light of all this new information combined with an incredibly attractive stock price, I doubled my stake in the company in my attempt to get rich
How to invest £ 1,000 today and get rich first appeared at The Motley Fool UK
How do I invest £ 200 a month in UK stocks to achieve passive income of £ 12,000 for life
The FTSE 100 Index fell to its lowest in six months. I will buy these FTSE 100 stocks now
Zaven Boyrazian owns shares in Anglo Pacific Recommended The Motley Fool UK Anglo Pacific The opinions expressed about the companies mentioned in this article are those of the author and therefore may differ from the official recommendations we provide in our subscription services such as Share Advisor, Hidden Winners and Pro Here at The Motley Fool, we believe thinking about a variety of ideas makes us better investors
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