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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…
Edward, I guess that both here and at Bisichi there is no dispute that the upcoming figures are going to be huge because of where the coal price has been over the last year. The recent price weakness can only be due to looking ahead to where the coal price is now and how much it’ll reduce the profits.
The oil price is up. Will Putin weaponise oil this year like he did gas over the last 18 months. Some people are speculating that he will. If he does this, the coal price will only be heading one way.
The results are going to be interesting here. Mr Heller senior is no longer with us (potential for some change) and what should have been an excellent 12 months figures will hopefully be announced to the market along with yet another special divi to underpin the share price.
The coal price has come right off though, which will explain the recent price weakness. Interesting to hear that the record low water / river levels across much of Europe is causing some countries to talk of a reduction in power generation from Nuclear and Hydro for the summer. nuclear stations may only discharge cooling water back to rivers below a certain temperature set by regulation and if it’s hot and the river level is low these stations have to reduce load to come in below the limit.
News that Europes gas storage is up to 75% capacity, a drop in the gas price, forecast milder weather across Europe this coming week and the possibility of increased LPG from the USA to Europe has knocked the coal price to below $160 (Richards Bay).
The PER here looks ridiculously cheap but I’m a bit baffled by the forecast dividend per share… Stockopedia is forecasting that for the next 2 years, TGA is going to pay out a divi to shareholders which is greater than the earnings?!?. Their figures are usually pretty good but have they made a mistake here?