focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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.
What a pathetic dividend, 33p is far less than I expected. Now reassessing my holdings.
Pre-close statement June. The Group had a net cash position of R14.0 billion on 31 May 2023. The Group expects to pay taxes and royalties of approximately R1.0 billion relating to H1 2023 in June 2023. (so down to 13m)
Today it reports cash at 13.5b so it's added about 500m rand in cash in 1 month, that’s £20m (my sheet says cash build £17.5m pm as i included the tax, and I'm $119t currently for rb for next 12m so say £500k- being added daily at current fx, 82 days on cash plus cash = £609m . My figures give me a running profit now of 5.2b. I'm not spot on but i think I'm close, its good value IMHO.
Thanks mate. Prices went down to $93 though recently so am not sure we will hit $137 annualised.currently $112 on day ahead prices (next month is just below $120) so we would need a very big move up to improve on our h1. That’s my take so far
JA the results were based on 135 rb coal as stated in the pre-close statement (Benchmark price reference for 6,000kcal/kg thermal coal exported from the Richards Bay Coal Terminal) if i put 135 into my spreadsheet now it does the maths & i get 5.9b profit 2x the half as reported today so v similar, I'm using 119 (average of 4 futures price for RB coal for next 12 mts 3mth gap) gives me the figures below. 3b rand half-year profit on $137 is currently 5.1b yearly on $119. Results today are half-year 1 2023 not FY.
Is it unrealistic for coal to hit 200-250 in the coming months ?
Always look out for your posts bangrak but think you may be wrong on that.
Current pricing is a long way behind h1 so we would need a monster rise seeing that we’re already two months into the new calendar year?
Gas is used less as a fuel at 40 euro pwmh as power station switch to coal, TTF is 40 and futures indicate higher in winter @ 56euro, demand for coal & prices will follow shortly so will profits/cash so will SP.
Yes agree reason why share price has been falling, hopeful coal price will rise in time
The best positive is that production expectations have slightly improved. Fair?
Market cap £746m
Currently making about 5.2b rand or £213m profit at current prices 119
PER reported 2.96, now about 3.54 but cash adjusted PER is 0.69 (cheap)
Net cash today now about £609m or 442p ps after june tax
Half year dividend 41p so 14-15% dividend return yearly on lower coal.
Cash will be same as market cap in 10 months before any additional spending.
last day for divvy 20 sep
ex dividend date 21 sep
divvy paid 9 october
Still good set of results considering the market conditions and hopefully coal should rise in the next few mouths as we come closer to the winter months. Dividend was a little lower than expected about 0.32 back to shareholders after tax . Company is still making huge profits
Steven it was expected not a surprise. The company is still cash rich. The lower coal price is already factored into the share price.
Profit for the reporting period of R3.0 billion reflecting a significant decrease in thermal coal prices (H1 2022: R9.6 billion)
Results released divi realised and yet this morning there is no comments especially after the last two weeks of hundreds of usless messages. Maybe most of the old guys are still asleep lol
Delightful.
Have you worked out when they're announcing the divi yet?
FF can't take someone else's opinions
From the website:
https://www.thungela.com/investors/investor-presentations
Interim Results Presentation
Thungela Resources Limited will release its interim results fir the period ended 30 June 2023, on Monday, 21 August 2023.
Following the release, CEO, July Ndlovu and CFO, Deon Smith will host an investor call at 12:00 SAST (11:00 BST) on Monday, 21 August.
Register for audio webcast: https://78449.themediaframe.com/links/thungela230821_1200.html
Register for the conference call: https://services.choruscall.za.com/DiamondPassRegistration/register?confirmationNumber=4803796&linkSecurityString=c5e389d68
Can't believe this has dropped10%since last week again!!!!
Ah ok so results out on Monday next week? Hopefully be postive news. Regret not selling last week at 600p
Why would you expect to hear about a dividend before the interim results are released, Dark Knight?
All will revealed Monday
Monday right?
And yep, September coal pricing higher again!
Still no word on a divi ?
Class action law suits take years upon years and especially in a corrupt country like SA even longer and then especially with a company so cash rich with back handers etc.. I tell ya all some people are obvious rampers who spread utter sh11tee on these boards
Rivalling an $8bn offer from Glencore!
Some still like coal then lol
Perhaps the reason for, or contributing to, the stagnant SP whilst RB coal is rising rapidly?