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Ignore the previous message guys as the article wouldn’t copy correctly. It was from todays Times newspaper saying that U.K. is importing larger quantities of coal due to the high gas price.
With no broker coverage there are no market profit forecasts. So I think the company is likely to make upside profit warnings once it is certain to make large year-on-year profit increases. As has been alluded to, it did this in early June this year. I would hope they do this again in early December. The Directors seem to have a philosophy of no Investor Relations, preferring to devote scarce managerial resources (just the CEO and CFO) to running the business. This won’t change. So not a trader’s share, but an excellent long-term investment. I’m hoping at some point they announce either a mining acquisition or a new project (renewables possibly). Something to utilize their growing cash reserves.
I’m of the opinion that generous divi payments are an easy way for directors (who have a substantial share of the company) to effectively give themselves a bumper bonus which goes down well with PI’s because they benefit too! Not sure that Bisichi’s track record is that good in this department.
I buy all I can of both while they are so cheap, Beza.
Thungela on a 2022 p/e of around 1.5 is incredible.
Bisichi is on about 0.5, so even more ridiculous.
The only comparative restraints on Bisichi v Thungela being their minimalist communications (with a curious exception in June), and limited share liquidity.
It will be very interesting to see what the dividend policy is at year end.
They are quite capable of paying pounds rather than pence if they choose.
You’ve done well there - nice one. And do you still like what you hear? One of the issues with BISI is that they say very little between the obligatory posts.
I hold some Thungela as well, mainly so that I can hear what is going on at Bisichi...
Ok, that’s good. I thought I’d ask the question because I believe that Thungela noted it in its last update.
The coal miners hold stock at RB. I'm not aware of any of them running out. Of stock to load on ships. So 'no' is the answer.
Transnet is a constant impediment to trade for all of them, so nothing new.
Should we be concerned about the Transnet rail strike and disruptions which have been taking place for many weeks? There’s even talk of derailed trains. Will this impact Bisichi’s profits?
H1 profit was £22m. It is fair to assume H2 will be at least as good.
So if full year is £44m, that is a profit of £4 per share.
And the share price is £2.40.
… and hopefully an increase in the next divi will make the yield even bigger.
Scanning across web news, Germany has re-opened 21 coal stations since Feb. France has major issues with its nuclear fleet - underinvestment has caught up with them.
Added a small amount today. At this price they are yielding just under 6%.
Very hard to tell without knowledge of their current year investments, but I guess some version of 'multiply those numbers by 10'.
Pre-tax profit in 2021 was £2.5m, and this year somewhere between £40m and £50m. (H1 £22m)
Stockopedia quotes 2021 Free Cashflow / share at 21.8 p/ share (which equates to approx £2.7M).
Has anyone seen any estimates, or, have their own Cashflow figures for 2022?
Expecting? No.
They do not really do communications (although very unusually, there was a trading update in June).
I did send them an email a couple of months ago suggesting that there might be some merit in a bit of guidance, and that was acknowledged by return.
But I suspect there is a very good chance the market cap will stay at around £27m until all of a sudden, they announce a 2022 profit of £50m in April.
I believe that BISI’s next reporting date is not until April / May. Does anybody know if we should be expecting any rns from the company before next spring?
The Dollar continues to strengthen - hood for BISI’s earnings?
If ever I want to smile, I think H1 profit £22m, market cap £27m.
Finally, it turned up!
I see that my share purchase from 24 hrs ago still not showing up, HL quick to take the money though!
… I guess this means that coal demand is not going to drop as much as it was forecast say, 2 years ago. Plus, countries like the U.K. (and most other western nations for that matter ) have banned / scaled back fossil fuel exploration / mining to next to nothing, so this increasing demand will be met by other countries, like South Africa.
… yes, I have read that on the continent a lot of ‘mothballed’ coal fired power stations are being brought back on line.
Yeah, got really lucky with GGP then fecked up by not selling at over 30p, hoping to make a nice profit here and buy back GGP. I work in a coal fired power station in Ireland and even though the gas price has tumbled quickly it will rebound soon enough, when it does I expect the coal price to maintain current price and more, baring no port constraints I can see this baby flying in time, the demand for coal imho is only going one way for the foreseeable. GLA
… GGP?? Is that the ticker for Greatland?