The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Just bought in
Looks a very attractive company at this price
Net cash position
Are you buying a position with this spread? if so what is your average?
Hi mate did you keep buying down from 178p?
Don't really understand this how can a million pound company buy a business worth 1 billion can you explain?
How do share holders make money?
More likely to be tax
You invest in this mate? Are you buying the dip?
I'm thinking about investing at this price plenty of cash no debt
Bang on mate
keep buying waiting for buybacks
Yea the new cfo doesn't know we exist
Everything looks so positive:
Higher PLF%
Higher Revenue
Higher Probability
Net-cash Position
Still an amazing buying opportunity
Still worth 30p or more
Nothing international is hedged
ICI 4 now £45 a ton
https://www.jwcindonesia.com/price-index
Imported coal power plants to run at 100% capitacy until 30th September 2023
This means tarrif will also be extended as well
https://www.power-technology.com/news/india-coal-power-full-capacity-till-september/
This is incredible news, looking at record profits if this carries on Indonesian coal looking like its only going one way
I wonder what the PLF was last 3 months
30p is my selling point
https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/coal/060623-world-sees-china-as-potential-coal-destination-amid-oversupply-fragile-demand
Every miner ramped up but can't get rid of it
Even china don't want it
4200 even lower at 48 quid a ton
This is gonna boom
Imagine they announce a dividend or buybacks
Indonesian coal is finally back under £50 a ton and still falling
https://www.jwcindonesia.com/price-index
Looks like China are out of the market
Https://www.bseindia.com/xml-data/corpfiling/AttachLive/6c75e4a3-6003-4f5a-8e92-e5f5baa7d5c7.pdf
They just announced full debt repayment plus principal 2 days early
Amazing news
Hopefully a market reaction tomorrow or an announcement of some kind
Kinda proud of them being about to fully deleverage astonishing stuff tbf with tough coal prices
Just bizarre it's as if the price of coal isn't correlation unless it goes higher
2 year lows in coal and record high tarriff just mentalism
The price of coal collasped again
Yes but the new debt will be like a 2 to 3 years payback and the company did around 20 million pounds in profit this year and last so we should have sufficient liquidity as long as the coal prices remain low
Seeing it now
Hopefully an official announcement on Tuesday or Friday once debt paid off
4 million last quarter not year
Back to profitability around 4 Million quid also looks like full debt repayment
https://www.bseindia.com/xml-data/corpfiling/AttachLive/f1b6a556-b256-4080-866f-0d1bf72bc3ff.pdf