Member Info for Beza

Am I right in saying that the divi is 16% net?

MP Evans tipped in todays Mail on Sunday.

One more trading day until Thungela present their results, which will be of interest to Bisichi investors.

It would be good to see some Director buying here, to demonstrate some confidence.

From a fundamentals point of view, PER, divi etc this looks a bargain. This is, it looked a bargain at 60p, 50p, 40p and now, unbelievably, it’s dropped into the 30’s. The divi money money still hasn’t shown itself either. What is going on here?

This share kind of reminds me of when, in April 2000 I bought shares in BAT. The price had dropped to £2.54 and they were paying out 24p/share divi, so getting on for 10%. Labour had just banned smoking inside pubs, tech / telecoms were all the rage (but were now starting to crash) and people were saying that the *** companies were finished. It never happened and sales kept increasing. BAT has been one of the FTSE best performers over the last 20 years. The debate about coal being finished is similar to what many journalists were saying about tobacco all those years ago.

What about a manager buyout either here or at LAS? After all, the company will be (potentially) sitting on a huge cash pile after a bumper year and M Heller is no longer around having passed away at the start of the year.

An excellent article, thanks for sharing 007.

With the prospect of a slowing of U.K. interest rate rises as a result of concerns about the banking system, strong demand for London rental properties (see Foxtons recent results) and the possibility of a little cash windfall if Bisi announce a one off additional divi, which has not been priced in yet, LAS looks like an interesting punt…

Comparing these results with the forecast broker consensus the eps is bang on and the profit is slightly better. The consensus is for a divi next year. I was hoping for a small one this time round but hey ho.

The huge change in the Richards Bay coal price (SA) during the last 18 months - quite a roller coaster. May be worth looking at Bisichi mining too.

I didn’t think that we would see this back down here, particularly after TGA’s results. About another month until results.

Todays trading statement from Thungela reiterates their guidance with eps figures that appear broadly in line with broker forecasts.

Are we saying that cash/share has dropped from about 22p/share to about 7p??!?

Jolly, know that you been invested here before, or still are to some extent. Are you thinking of going long / adding whilst the share price is down here?

Did Europe over buy coal in a panic last year? There was a comment somewhere that the U.K. government bought a “strategic” supply of coal which has been sat at Immingham. It’s now being sold at a loss as they no longer believe that they will be needing it.

Better than I thought then. Also depends how much they are mining and how much costs have risen of course.

What is their Coal break even price! I have a figure of approx $110/T in my head. Does anyone of you guys have a figure?

Travis Perkins closing some Toolstation depots.

Unfortunately we have a long 2 month wait before we find out. These guys are not known for endless PR so I don’t expect that we’ll hear anything until results. I seem to recall that the board have options that can be exercised if the share price is above £3.52…