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"JAdams5000
Posts: 388
Price: 640.60
No Opinion
TGA SJ is blue30 Aug 2023 13:32
How is this down 3%, anyone know?"
So all this apparently good news lately and this is still struggling.....
As I've said wait until coal prices drop back to where they should be and this company is making losses...
Will there be another final punp and dump before then.... Who knows!
1900 down to 600.... 600 down to 300 next?!
You produce what you say is a 'rough' calculation, and then write a post seeking an explanation for an apparent 1.2% variance?
I really don't know what sort of answer you are expecting?
As I type TGA SJ is 14893 which is roughly £6.30 TGA. The price here right now though is 6.235p. Why the difference please?
Thanks.
Finished up in SA.
Rand weakness against the pound
How is this down 3%, anyone know?
They are nearly on $160 now
Newcastle coal futures went up to nearly $150 per tonne, the highest in almost three months driven by rising demand from China and an uptick in natural gas prices due to possible strikes at Australian LNG facilities. China's coal imports soared 67% yoy in July and are up 86% since the start of the year due to rising thermal power demand amid a shortage of hydropower generation. Nonetheless, it's worth noting that China's coal demand for the summer season appears to have reached its peak, as temperatures usually begin to decline from mid-August. Despite this, there is potential for increased demand from the industrial sector in the upcoming months, spurred by Beijing's commitment to implementing additional stimulus policies to support the economy. Meanwhile, China's average daily coal production declined to a nine-month low due to intensified safety inspections and temporary closures of coal mines following two fatal accidents in key coal hub Shanxi in July.
Wonderful to have another geography now and Australia is one of the best picks globally. More cashflow coming in now and a fast payback too. Have a good evening TGA holders, great strength again on this one again
With winter coming coal could easily hit 140 & tga could hit £8 before Xmas, when tga moves she moves fast and that’s in both directions haha GLA
£9 share price is definitely achievable in the short - medium term (2-5 years), if not sooner with luck.
Once the full impact of the Australian production is factored in, and coal prices stabilise around the predicted $130-140 mark, we’ll be off and flying
Cheers
RetiredBanker,
Don't disagree the coal price was low when Anglo span it off, however the main reason to divest of coal was bolster its sustainable credentials and not loose investors due to climate concerns.
You really need to read IEA report on coal.
It’s not going anywhere. Irrespective of ones views on damage to the climate.
China, India and most of Asia rely almost exclusively on coal for energy production and are building additional coal fired power plants (with much more capacity planned)
So whilst you may wish for coal fired power production to disappear over night, it wont.
Divi stream is strong and long here.
Cheers
Been a bumpy ride but my xd price of £6.50 is well within reach and a few weeks to go…
I'm heavily invested here and holding for a decent price increase, but I think those who believe this is a long term dividend play need to remember why Anglo spun this off a few years ago. Throughout the 2010's coal was a marginally profitable business with the av price around $100, during a period when there was far less negativity towards it's use. from my perspective it is not at all impossible for prices to revert to that sort of level (or lower) in 2-3yrs making this a loss maker.
The huge dividends and price rise from last year mean this stock has already covered my initial investment several times, but if I was sitting on an average around £8-9 I'd probably want a £2 annual div to feel confident I'd get out of this with an overall profit
The coal is sold at a 5% discount to spot & TGA's effective ownership is 63.75%, not sure you have accounted for this in the numbers below.
Incredible bargain and what cashflow. , isn’t there another asset near ensham which is also soon for sale?
Athletes completes the purchase of Ensham mine in Quuensland, NSW, this week. At 2.7mtpa (current estimate - originally estimated at 3.2m) and fob of $120/t, this should produce a profit of over $100mpa, against a purchase price of $170m. Seems quite a bargain.
Was less than $130 not so long ago.
Fabulous to see if you’re invested here
I'm minded to agree. I am pretty comfortable that you could live very well indeed on the dividend if you had £1m to spend on this share. This year, with a much diminished dividend, £150k? £200k?
There are not many companies that you can say that about.
People pointing to the fall in the share price tend to ignore the initial surge and the circumstances that led to it
I bought 5 tranches here, I freely admit the first three were a ‘falling knife’ but the last two are well in profit. As it stands I need around £9 to break even but that’s ignoring considerable divi payments.
I have no concerns about coal going forward, if anything circumstances are supporting it and Asia won’t change even in the medium term
Happy to take the divi for now, it’s cyclical for sure but more liable to rise to my mind. I believe this can get back to £10 in the medium term and with some handsome divi’s banked that will do me
+0.27% but a gain is a gain
Christ, I wish people would stop responding to that south coast clown. Reading responses to drivel is as painful as reading the (blocked) drivel itself.