Member Info for CaneToad

@EdwardSeaton: Regarding your comment: "A sub 1 P/E ratio is very much on the cards at the moment."

I see an EPS (normalised) last year of 2.43p, while the share price is currently 130p to buy, while for 2024, the latest EPS value that I see is 23.9p, while I don't see any amazing rise in teh coal price, though granted, it has risen.

Can you kindly elaborate on your numbers please?

Hmm, been watching this for 3 years now and it's starting to look like it might have legs.

'The dividend yield at yesterday's close is 19.7% and the company has clearly signalled that it has no plans or need to reduce it.'

In my experience, this usually means that it's about to be cut...

What a fuc*ing ridiculous process they have in India - hard to fathom that this is the way of building a sustainable business. Potential fine looks paltry compared to group profits, but reputation is everything and this smells bad. Considering dumping my entire holding.

Given the bouyancy of this business and several players trying to enter it, this is surely a target at this ridiculously low valuation.

Nice momentum now (99 on Stockopedia metrics); looks like there's still 100% upside, given the valuation.

FY Results look excellent to me. Business to be doubled. Dividend increased. I see no reason why this will not return to pre-pandemic levels.

@Alessandro: "What's putting investors off?"

UK shares are deeply unpopular... Most UK investors prefer companies such as Tesla, etc. The share price performance of the FTSE and PHNX has been terrible, though it's somewhat better when you include dividends. UK shares seem to have had a little boost lately - perhaps that's it? I've held PHNX for some time and from what I see, the dividend is sustainable. If we can believe what we're told, the business seems to be doing well and generating lots of cashg. Once interest rates start to drop the value of their bond portfolios should rocket and make the fundamentals look better as well. It's very hard to review the fundamentals of these companies, especially with the new accounting rules.

What still (seriously) concerns me here is the trajectory of the forward power price curve. It continues to drop fare into the future. I can't reconcile how that will affect future dividends and future NAV.

AISC for the quarter has risen to: $1,859

That's a 'tad high' in my view...

No disrespect intended, but loads of shares are 'cheap' and many pay a good dividend. Cheap isn't necessarily good in the world of shares. On the other hand, I think this is good and I'll probably buy in at some point.

Quite happy with the update. A solid update to a healthy business at a cheap price with strong momentum and loads of room to run.

Makes sense to lock-in at least some of the next years production at these levels. 50% of production at the current forward price would nice indeed.

It's looking like NESF 'might' (potentially/maybe/who knows) have bottomed. With the increase in the divi at the same time, I think I'm prepared to start rebuilding a position.

Some firms make redundancies, no matter what the business climate; e.g. Goldman Sachs gets rid of 10% or so of their staff every year. Some law firms do the same. I wouldn't read too much into it.

I thought they were 'Cantral Asia' Metals. Even if they did find something worthwhile in the UK (most likely, rusted shopping trolleys), the government would introduce a windfall tax to steal all the profit, so I have absolutely zero interest in them investing my money in the UK. I'll be thinking hard before investing any future money in CAML.

I did warn the silly boy, many times to stop shorting this; I guess we might not hear from him for a while!

Looks solid; happy to continue holding and reliably yielding 10% on my outlay.

What a silly RNS - making it more difficult to raise capital and inflicting even more pain on the shareholders; I continue to hold the retail bond, but not the equity.

Been watching this one for a while, but have been put off by the spread. If I heard correctly, the portfolio is 70% investment grade. The targeted yield appears to 4% over SONIA, so I suppose it's going to track the BOE rate cuts mid/late this year and the share price will follow, maybe providing a better buying opportunity to offset any drop in dividend income. Maybe I'll dip my toe in and take a small starter position.