Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Panic selling is driving the price down ,has happened so many times with this share
400mm is not that much leeway. I am very surprised to see it this low, but it has been a good share if you were in early enough.
Feel sorry for anyone that got suckered into the pump and dump up to 20 quid.... Those prices will never be hit again and when the current wars burn out so with the sp here. Back to ipo.
"thin gruel" indeed .... which is why Anglo offloaded in 2021 after many years of achieving nothing. The subsequent coal price surge made money for those of us lucky enough to get in early, but we going to need another price shock to return this to serious profitability. Just a shame that they didn't forward sell a few year's production in early 2022 !
Still £400mm in the bank gives them some leeway
No time for coal prices to rise to affect the next dividend. Looking at the last update and FOB costs including royalties current coal prices for SA leave little profit and Ensham in Aus is about breaking even. If things stay as they are then it will be very thin gruel going forwards.
As we run into the next divi the drawback could still be coal price but time to shift
Is this a double bottom pattern signalling an incoming bull run. Fingers crossed.
If it gets passed 660 quickly, then could be looking good. Shame the coal price is tanking, makes me less hopeful
At $95 it's getting a bit marginal. Don't forget the 15-20% discount for TGA coals. Brings it down to $75 to $80. That's close to TGA's FOB costs. I'm looking to get back in too, but am waiting for coal prices to rise.
Fascinated to learn what $95 per ton Richard Bay thermal coal means for the financial statements/economics of TGA. Possibly too early to jump back into this company, well-managed and transparent though she seems to be.
Richards Bay Bulk Terminal conveyor repairs remove 400 coal trucks from roads
Very high volume today in the first hour. Something going on
As realistic as the length of a piece of string. Buy your shares and it's a lucky dip.
Musing on the likely dividend to be announced end March and paid in May.
The last 4 divis per share actually paid after WHtax into my account (nearest penny) have been 73p, 240p, 143p and most recently 33p. So, officially “all over the place” The October divi dropped from 240 to 33, so an 86% drop. If we apply that to last May 143p we arrive at 20p this May, or 53p for year, or 8.5% yield (after WHT) at today’s price.
Is that realistic, or way off?
atb
All most Double the buyers v sellers and still sp remains the same
Port volume seems to flowing better shame the price of coal is down
Certainly a bad start to the new year share price wise.
Concerns about the future of coal are a ‘Western issue’ look at the reality of usage across the world and it’s a different picture entirely
Power and transport issues clearly remain a concern but you’ve got to think SA will want to sort these asap
My thoughts are three fold:
1. Beyond anything other than the very short term, the thing that really matters is the future balance of supply and demand. At some stage (presumably), global demand for coal will eventually start to fall. But that is irrelevant in isolation. What matters is the balance of supply and demand, and given the near total absence of global investment in new coal supply, I expect supply to fall faster than demand. On that basis, I think TGA and friends have a very rosy future.
2. The current price of coal is artificially supressed by the overhang of excess stock accumulation in the mad scramble a year ago, and also a Chinese economy far weaker than officially reported. The unwinding of these anomalies will be positive.
3. At every turn, the Directors of TGA impress with their communication and clarity of purpose. This is a very well run company.
If it is hard to function without it, buy some now! I think it will be still a giver of decent returns in the years to come.
I started buying near the end of 2021 when the freebies from AAL did well, bumped it up greatly over 2022. Yes, buying at peak too, but it has still generated profit more than any other share I have held. Sold a lot near the start of 2023 but it is still ranked halfway up my holdings by value. Good for some years yet, I think.
TGA changed my life in 2022. Got in around £1.50-£2.50 (thanks, Baron Investments) and rode the wave. Ever since this time I've enjoyed expensive German lagers in the pubs of Kilburn, North London rather than Carling Black Label. That's how life-changing this stock was. Exited a few months ago.
But it's hard to function without TGA in my life. It's like packing a child off to university. You long for them to return and brighten up your dull existence. Which begs the question - what do we think will happen to coal in general and TGA specifically in 2024?
PE ratio seems to be around the 2x mark and cash balances are a healthy $500m (approximately). Big unknown is the coal price and to a lesser extent the state of the pesky South African railway system.
Thoughts? Packet of pork scratchings or equivalent for the most incisive comment.
Https://www.telegraph.co.uk/business/2023/12/15/coal-use-hits-record-high-2023-net-zero-push/
Just as a matter of observation, I think these guys do a really quite superb job on investor relations.
There is absolutely no ambiguity, evasiveness or bs.
A very high quality company, and every reason to be optimistic onwards.
For me, this is a regular buy and a very long term hold.