The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The key point for me, back when it began we had a skeleton of a company with zero revenues. Now we have "90% complete" revenue making business. Capability, customer demand and increasing price of coal.
When it began the market thought this worth taking to £1.10 from 10p. Today, we have come so far, its how high can it go?
The key point from yesterday....below $200 ...mine gets mothballed
apart from that all good
Company is doing well. They are producing and selling which is the key. It's still a fairly new company and they had to borrow some money to start the business but we will eventually get there. Patience is the key. Today's SP is not a reflection on Ben. Only thing they didn't/couldn't deliver is dividends but I am sure if the SP was over 50p they would have deliver that too imo. I am happy to sit and wait.
BEN is back at the placing price from 2 years ago but now they have a railroad, a wash plant, two high wall miners, the underground mining, and can produce 70k to 80k clean tons per month and make $40 a ton. They are so cheap compared to the US listed miners they must be vulnerable to a bid. Indian MET coal demand is growing strongly as Wilson said 'we have never been in a better place than right now'
I liked the interview, right from the first question I got the impression he was wanting to be honest and as open as he could.
Metcoal bull myself so if it doesn't open at £1 will be a buyer in the morning.
Yeah I agree HH..
But as he says we’re 90% there now and by February hopefully 100%..
So what happened when it IPO'd at 10p and went to over £1 then? It was AIM then as well.
The buzz of the ipo then the Metcoal price to $450 then that fella buying in then he crashed the sp and it hasn’t recovered imo
As Wilson says all US MET Coal producers, Arch, Warrior, Ramaco etc are all at all time highs. They are all listed in the US with proper investors, we are on AIM . When a bid comes in for an AIM company it is at 100%, 200% premium because the market is totally misvaluing our companies. That will change one day.
and finally we get a true production cost and not penstocks *** paper scribbles
Working out of the states is yes a safe haven, downside is running costs.
These will reduce come January when we are at full production.
He needs to get this right this time, we’ve all had enough of false promise and dawns.
$40 and above margin is not to be sniffed at…
Can't be. If there is anything significant it would need an RNS.
One time when they speak the stock price will go up, surely!
Seems like bad news to be announced on the investor day - let’s see
Just seen the shareprice. Guess we're not all full of confidence in the upcoming investor show.
Cheers.
Back at work now.
Will try to get order placed later.
Cant Sell any on HL either??
Just tried to buy 1000 in my SIPP with AJ Bell and there are no quotes available???
Just tried to place a small order for £700 worth of BC Shares and HL are indicating unable to retrieve Live quote.
Interesting? Or at least it seems so to me.
GLA
I would imagine the repayment of the Loans is a key priority for BC. They are being amortised through the current royalty - but these loans need to be paid off before any prospect of a dividend.
Question:
Are BC paying down the loans with the increased revenue from coal price increase?
The company should be saying this loudly and clearly to the market. Hopefully it will tomorrow and the event can be a springboard to a better future.
PI's loosing confidence i think. Even if we assume BC is selling only 40,000 per month - over the last few sessions, HVOLB is up around ~$20 = almost $10m in extra profit. At current levels BC net margin (after all costs) is around $30 (imo).
At 40k per month = $14.4m net profit.
Reckon we're all waiting to see what production and more importantly sales are at the mo imo.
No idea until the investor events whether insiders have been selling through pre knowledge or if its just pi's losing faith and/or trust.
Hoping its the latter but we'll see.
Zero impact on SP though. Coal has been on a steady rise - dont think anyone cares anymore.