Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Morning Tim, are talking about Operating Cashflow? Stockopedia states that’s BISI’s 2019 Op Cashflow per share was 25.3p with 11M shares in issue. I’ve quoted 2019 because for 2020 and 2021 they quote cashflow as negative.
I’m assuming that the JP Morgan broker upgrade at BATS has had a positive effect here. What is peoples opinion on the affect that the strength of the dollar (relative to other currencies) will have on the next set of results? After Brexit when the pound nosedived against the dollar the tobacco companies share prices hit all time highs…
It’s going to be interesting here from results onwards…I bought in in November and wish I’d bought more. When do we think these will be - end of August?
The only issues here are probably that 1) there are very few shares in issue and that means it won’t be on many fund managers lists which reduces its exposure from an exposure point of view and 2) some funds wouldn’t invest because it’s a coal company.
It’s interesting to see that Carclo’s 2022 results and forecasts have been updated. For 2023 they (the house broker I presume) are forecasting a slight drop in revenue to £123M, a drop in profit to 2.5£M and a slight fall in eps to 2.5. In 2024 the figures are £133M revenue, £3.9M profit and eps of 5.3, which is a jump of 55.9% over the 2023 eps forecast.
Very interesting Wigwammer. Not being an accountant myself I’ll go away and try and get my head around the figures. Great to hear another accountants take on things. Speaking of figures have you looked at Bisichi (BISI) Mining? In short it’s a coal miner that needs coal to sell at about $110/ tonne to be in the black (pardon the pun). For the last few years that’s about all it’s been but Putins antics have resulted in RB coal prices moving to over $200. The west are currently scrambling to buy coal. Regards
What do you accountancy guys think of Carclo’s prospects after the results on Thursday? I’m a holder here. I’ve read an article on “Small cap life”, I think the author is a Mark Simpson. He puts the company on an enterprise value of 53p/share but then proceeds to say that the pension obligations will take up all of Carclo’s free cash flow for the next ten years making the reinstatement of a divi unlikely because the trustees will not allow it.
…wow, that’s one hell of a holding, fair play! 300p cash flow is way above anything that they’ve every declared in the past so if it offers the prospect of large divi’s.
I’ve read that 2 of the 3 coal stations that remain operational in the U.K. currently burn mainly Russian coal ( but often blended with other fuel mix’s) but as a result of the Ukraine events these contracts will not be renewed when the year is up. They are focusing on the USA, Africa and Venezuela for future supplies…