The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
What’s your thinking here Falky?
… I thought that in Bisichi’s recent market update they said that they had increased the life of their coal mine from 4 to 8 years?
The share price has gone up 4 fold in 20 months so it’s had a great run. We (the PI’s) need to see the 2022, 2023 broker forecasts which should make this stock at 185 look cheaper than it appeared a year ago. The downer is I think that it’s only the house broker which covers this stock.
So it looks as though the Times shares tipster is saying avoid… Let’s see what happens… I bought shares in IPF a couple of years ago (at around 50p) and I was a little worried when their tipster covered them with an avoid verdict. On good results they went to about £1:30 in 7/8 months! Let’s hope it’s the same person giving out the advice!
S**ty day here tomorrow or a pleasant surprise?
Not a bad performance for Imperial today. Perhaps todays news of Phillip Morris buying the Scandinavian smoking company Swedish Match for $16bn has given the sector a jolt…
Ok thanks. I know the market has been selling off the last few weeks but the share price drop in TCAP this close to results is a little unnerving…
Trading up date this Tuesday (10th)?
The AGM is June 15th.
Other news which could have an affect on the share price is LAS results and results / trading updates from other coal producers like TGA.
The headlines from Carclo’s statement were good, positives signs going forward but the shares are down, (admittedly during a lousy market) why is this? I’m guessing that the statement of increasing the debt probably didn’t go down too well despite the fact that this money is being used to buy further equipment to meet the latest demand.
Secondly, the board gave a very positive speech but they didn’t provide any numbers for the market to digest.
A truly lousy market! Hopefully the house broker will do some number crunching, the result being some forecast profit, eps and divi figures.
I have been told that the ex div date is 29th July.
Thanks Edward. If they drop another 20p we will be getting about 5% divi - that’s a good turnaround!
Great that the dividend is being resumed. Do any of you guys know when / xd date? Regards
…. I was just checking that I wasn’t missing something! No worries. So what do we think LAS’s property portfolio is valued at?
Do any of you guys have a valuation figure for LAS’s property? Regards
Lemmink,
Just trying to get my head around the figures here and I’m probably wrong (!) but yesterday’s 40% stake in Bisi was worth £9.84M (40% of Bisi’s market cap). LAS has 85M shares in issue is wouldn’t this 9.84M over 85M shares equate to around 11/12 pence… I much prefer your valuation of 43p but I can’t quite see how you arrived at it… I’m a holder of Bisichi so very pleased with the results and contemplating buying.
Surely the divi will be reinstated..? Yes/No? Many industry (power industry) experts are expecting these sky high gas prices to continue and with countries putting old mothballed Coal Fired Power Stations back into service (to reduce their use of Russia gas), coal demand is going to be higher this year and probably next year than anyone would’ve predicted 2 months ago.