Member Info for Beza

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.

I wasn’t aware of that, thanks. Let’s hope the results don’t disappoint.

Does anyone know the reason for todays reasonable rise in a sideways market? The volume appears pretty decent too with an update due next week…

https://www.theguardian.com/world/germany

Do any of you guys know if the 5p divi here is actually covered by the cashflow?

Stockopedia

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.

What do we think the chance is of SENX starting to pay a divi, if they’re doing as well as people suggest. Does anyone know if a dividend ever been mentioned by the board recently?

Thanks extrader

The link below is an article from The Daily Telegraph.

https://apple.news/AQ3GYUi6qTLu4pMuRQUjM3Q

BB, after the update mid week the eps for the year is showing 22.5pence…at 235p per share isn’t this a per of 10.5? Or are you talking about forecast eps?

…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…

In 2018 BISI reported a £50m turnover. From this they produced a £6.5m profit and 30pence eps (taken from Stockopedia).

Tim, another great snippet of info on BISI. Thank you for sharing your research. Can I ask your opinion as to what you have pencilled in for EPS this year?

Coal seems to be undergoing a resurgence, mainly thanks to Putin and the knock on effect to the gas price. For NCCL’s proposed coal fired power station they will (if the project gets the go-ahead) be burning coal mined on site. My question is, is the mine already operational and if so do they export overseas? Regards

https://inews.co.uk/news/science/uk-covid-rates-weekend-cases-rise-omicron-zoe-app-1697797

COVID cases to surge past 200,000 a day?