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Earnings per share ("EPS")4 for FY 2022 is expected to be at least R125.00. This represents an increase of at least R63.92 (or 105%) compared to FY 2021 EPS of R61.08.
• Headline earnings per share ("HEPS")4 for FY 2022 is expected to be at least R131.00, an increase of at least R64.43 (or 97%) compared to FY 2021 HEPS of R66.57.
Export equity sales for FY 2022 are expected to be 11.9Mt, compared to 13.9Mt (on a pro forma basis3) in FY 2021, a decrease of 14%. We expect an inventory build of approximately 900kt for FY 2022. (More cash in 2023!!)
What a business. Extremely well run reading this RNS
If you read their previous financial statements (one snippet below), you can make some judgement as to what to expect.
The Group has seen continued strong earnings and cash generation for the period 1 January 2022 to 31 May 2022 ("year to date"1) driven primarily by the high average Benchmark2 coal price and we are on course to achieve a strong set of results for the six-months ending 30 June 2022.
Now factor in the disruption due to the rail network and strikes but also the higher sustained coal prices the last few months. I don't see any major disruptions to earnings and if anything could be slightly higher. The strikes may have halted production, but stockpiles were still there being able to be shipped.
I expect similar or better results but make your own conclusions. The future holds bigger returns than the first 6 months of 2022 if coal prices remain high and even more so if Transnet Freight Rail (TFR) improve their ability to transport more.
Slicing 1.03p, 1.50p, 1.82p, 2.23p, 2.76p, 3.41p... and some more 5.37p & 8.45p.
Top up levels: 0.3p-0.4p, 0.52p, 0.71p, 1.23p, 1.61p, 1.98p
Could you help dumb this down? I understand "top up levels" to be adding to your currentt holding but what is slicing ?
Positive news article too.
https://uk.sports.yahoo.com/news/thungela-resources-share-price-keep-072400908.html