Thanks for sharing that Mullins. It provides some reassurance.
I thought market volatility was supposed to be good for TCAP! I didn’t except this to be so badly affected by today’s COVID / lock down news.
Excellent find and thanks for sharing this Suggins. It’s frustrating that the price is not higher, despite Beximco’s positive rns. At least we have a respectable divi to look forward to while the price is where it is. Plus, if they keep ramping the divi up, those of us who have purchased around 100p or below will soon be getting over 5% yield on a growth company.
T2R, I think we all share your frustration. They’ve just delivered a solid set of results, accompanied by a fairly bullish statement and indicated that they’ll slightly beat current market expectations and the shares have dropped! If you believe the trading volumes here then it’s because (potentially) an institution is unloading shares.
… would it be normal to get an update a week before the results which are due a week on Monday?
Out of favour but TCAP? As always dyor
The celebrity share trader known as Evil Knievel follows this stock, in fact, I think he’s a holder. I expect his weekly column to cover this again soon and that could give the share price a further ‘shot in the arm’.
Perhaps yesterday’s little drop in the share price was a results of comments from Plus 500..?
Daily Mail: Online trading firm Plus500 has raised its 2021 profit outlook despite seeing revenues and customer numbers fall back from the heights of last year as the pandemic boom in amateur trading continues to fizzle out
Is the investor known as Evil Knievel (who is a share holder in BXP) gonna tip this / mention it in his blog following their results update last week? It could give the stock price a well deserved ‘shot in the arm’ if he does.
A snippet from yesterday’s Daily Telegraph : -
The Daily Telegraph: Coal has generated more electricity in Europe than gas for the first time since 2018 following surging costs.
Do any of you guys know the EV value for JKX? Thanks in advance
There’s no doubt that that the huge gas price rise (which must have been a surprise to many) is filling the JKX coffers with cash but is the ‘weak link’ with JKX there declining output figures..?
And Bisi also have property interests in London. I believe that some areas of commercial property have been forced to go through a ‘transformation’ as a result of covid. I’ll be interesting to see what the board have done here.
Financial Times: Chinese coal futures delivered their biggest weekly rise on record, driven by a worsening energy crisis that threatens to pile further pressure on the country’s property developers.
The price of coal used in China's power plants has surged to a new record high as another of the country's key mining regions is hit by flooding.
Heavy rains hit Shanxi in recent days, the country's biggest coal producing province, after record floods struck the mining region of Henan in July.
Thermal coal on the Zhengzhou Commodity Exchange rose by over 10% on Tuesday.
The floods further complicate China's efforts to increase fuel supplies to ease its deepening energy crisis.
Shanxi Province, which produced around a third of China's coal supplies this year, was forced to temporarily shut dozens of mines due to flooding. Although some sites are now slowly resuming operations.
At least 15 people have died during the severe flooding that has affected more than 1.76 million people in the province, local officials said on Tuesday.
Torrential rain last week led to houses collapsing and triggered landslides across more than 70 districts and cities in the northern province.
Even before the flooding, China was already facing an energy shortage which has caused power cuts in large parts of the country.
In recent weeks, energy firms have been forced to limit electricity supplies to millions of homes and business.
On Friday, Beijing reportedly ordered China's coal mines to boost output.
The move was the latest attempt by authorities to increase coal supplies after prices hit record highs and electricity shortages forced energy firms to ration power.
Since last month, a series of power cuts has forced factories to cut back production or stop operations completely
Manufacturing hubs in the northeast of China have been hit particularly hard.
The latest rise in the price of thermal coal prices comes on top of a 12% jump on Monday.
Energy prices have been rising across the world as the global economy starts to emerge from the pandemic.
On Monday, the cost of Brent crude hit its highest since level October 2018, while US-traded oil touched a fresh seven-year-high.
Sorry guys, that link didn’t post like I thought! It’s about today’s news of a fire at a Gazprom site… A further squeeze on supplies..?
Gas supplies hit as fire rips through Russian plant - live updates
‘Significant’ price rises coming to household energy bills, Ofgem warns
Ireland abandons low-tax model as it caves in to Biden
FTSE 100 inches higher; US stocks climbed as debt worries ease
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Gas supplies are facing even more pressure after a fire ripped through a major plant in Russia.
Gazprom's Amur gas processing plant in the country's Far East has halted operations after a fire early on Friday, a spokesperson confirmed.
The plant plays a key role in Russian gas exports to China, which has been hit by electricity shortages that have led to power rationing across the country.
But the shutdown will spark further concerns about gas supply to Europe at a time when shortages have sent prices to unprecedented highs.