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Yeah a blue day would be welcomed , it’s been a while
....but still 12p down. We need more buyers...
Hope so
Blue finish?
Bought back 1/3 of what I have sold and hoping for it to repeat yesterday's magic. Will it go back to £4 before the closed today? Let's hope so....hehe
I contacted Ryan Africa from Investor Relations at Thungela to enquire about the release of Q3 trading update. He replied:
"Currently it is not our intention to release quarterly updates, and thus our next scheduled update is likely to be the release of our full year results for 2021.
This is likely to be released in Q1 of 2022, together with any trading update as required in terms of the JSE regulations. In the event that we do decide to make any communication prior to this we will of course inform shareholders.
I trust that you have seen the announcement issued by Thungela on SENS/RNS on Monday? In the event that you have not seen this announcement, it can be viewed here: https://www.thungela.com/investors/sens-and-regulatory-announcements"
There are few email addresses to send enquire, I too will send a couple voicing my concern of lack of positive news but only negatives, and some trading updates.
Investor relations
For investor-related matters, please contact, Ryan Africa, at ryan.africa@thungela.com.
It was just a guess based on the company convention, i.e. firstname.lastname@thungela.com - this hasn't bounced back so maybe there's a chance it got through.
I and another shareholder took a guess at it and e-mailed the CFO to higlight concerns over communications. You could do the same if you wish.
They could have at least said our big pile of coal waiting to be loaded on to the train to the port is still smaller than the mountain of cash we have built up since June!
Good idea. I am still hoping they alogn with Anglo American and do a quarterly update tomorrow, we can dream I suppose.
Perfectly agree that this new guy in charge of Tga has no public relation skill what so ever, he seems able to transform a good new in to a bad one. lol
My view is that having found him self solely in charge of something, the enthusiasm got a bit out of hand, I mean he doesn't need to do hours long web interviews on geopolitical and macroeconomics of coal, like recently when his remarks on lower production caused a 10% drop in sp. Would be better if he would stick to resolving the Transnet situation..... Anyhow either he is going to learn from mistakes or it will be a bumpy ride to results, which in this conditions can only be mesmerising.
RVO understood on analyst comment etc. accept the news is in the market just not the ideal way to get it there. I’m just a bit frustrated that they are able to report the bad (a la transnet) but not the good…
.... more over, although this tech is more irrelevant, i see in the last 3 days higher lows.
rylidan not sure about the meaning of "market confidence"
possibly market sentiments, but mainly the exact definition is market news flow....
In this circumstances sp has lost most of its fundamental intrinsic value, more so with Tga which recent financial results came from a restructuring business and operation.
Without this value base and moved by news flow sp is looking for support and resistance on technical, more than in any situation, for sure any catastrophic new would break those technical prices, but this is valid for any share out there.
IMO Tga is de-risking because we had many negatives news out there, some more specific to Tga than other, many of this news where close to non event but still caused an investor reaction. Ultimately what count is coal price and a market supportive of high prices....al will be revealed in a week or so, when cola prices will keep a some great levels and the market will start to realise that Chine ammunitions in curbing coal price are running out....
I am looking at 2 day candles for the past two days that have been pushed up from 360ish and today could prove the same.....
I do agree Rylidan, more reason for them to do a quarterly trading update up to end September. Mad they are not obligated to do this given market is so unclear on their cash position.
I think the RNS stating that they will need to curb production in November because storage space is limited, is a factor in the fall. You can be sure that this will be very oversold when it bounces. Looks tremendous value now, which is why I'm holding. If coal drops below $200 we would be unfairly knocked down again. With so little confirmed data this share price is now driven by market confidence instead if technicals. The reduced sales pipeline doesn't help.