Member Info for CloudyMountain

I encountered “NoFear”, no, he shouts it, “NOFEAR” a while ago. I call him NOFIDEA for good reason. It was quickly evident that he doesn’t know what he’s talking about.

His name alone tells you a lot - it’s a name that a teenager would give himself. But he goes further - he puts it in block capitals. And he puts a childish image at the end of many of his comments. It’s terribly immature.

He has verbal diarrhoea - he has posted on average 6 comments *per day* for the past two years. Two years! We’ve all met the sort - the unkempt man down the pub who will give you unsolicited advice on everything and anything while unable to manage his own life. The sort who spends most of his life in the pub because he has nothing better to do all day, and because doling out unsolicited advice to strangers is what gives his life meaning as it quells his fear that he is unimportant. Hence his name - he’s very fearful.

Listen to him if you want to (if you have nothing better to do) to humour him, just don’t believe what he says.

“NoFear before selling Cine you said in the forum that for sure was it will go to 150/180p, but you needed the money to invest in another stock”

@AllKap: Thank you!

I thought I read something where NoFear told someone else that they were making a mistake at selling CINE at about 110-120p as it would go higher.

There’s a reason why I call him NOFIDEA. It’s evident from his comments that he doesn’t know what he’s talking about. What he does do is proverbially throw 40 darts at a dartboard. He ignores the 39 that miss and tells you all about the one that hit the bullseye, as if he’s a financial guru.

Capita has plummeted while he’s been singing its praises. Yes, it’s recovered recently but it’s still well down on when NOFIDEA has been praising it.

The first rule of the internet is that if people claim they are one thing, they are probably the opposite. “NoFear” (what a childish name) not only claims it but SHOUTS it.

Just ignore him.

NOFEAR wrote: “But in my casino you get more life's to live out again”

What does that mean? Seriously! His comments are littered with similar rubbish. They are an indicator of his IQ.

“NOFEAR” a.k.a. NOFIDEA wants you to follow him yet can’t write basic English.

Just ignore him. I call him NOFIDEA for good reason.

@Benny-Hill, that’s good to hear. I hope it is untrue as it is manifestly unfair.

@bald_eagle - I agree. I would have thought a deal is a deal. However if what the posters said happened did actually happen, I assume that the brokers’ Ts & Cs would contain a term permitting them to do this.

There’s one easy way to check - read your broker’s Ts & Cs.

@Patiencebringsit: “Cloudy you are nothing but a deramper. A smooth one with a silky approach.
nice try“

LOL. Some people see a conspiracy everywhere.

I’m trying to help. You choose to ignore what I say - that’s fine with me.

I don’t hold CINE shares and never have. However I do look at shares which I feel are destined to go under, to educate myself - to see why people don’t sell even when the writing is on the wall.
I don’t mean that cruelly - it is a genuine attempt to educate myself and it is fascinating seeing how people talk themselves into believing everything will work out OK.

I did not mean to depress anyone holding - I am sorry. I wrote this as some people may intend to buy in on Monday and sell either on the same day or shortly thereafter. I wanted to warn you of a potential risk.

(By the way, the last word in the thread heading has been cut off - “mo” should be “money”).

On another share which later went into administration, some people sold just in time, shortly before suspension (possibly just days before). However they came onto the discussion on LSE a few days later to say that their broker had informed them that they had been unable to obtain payment for the shares and had consequently deducted the proceeds of sale from their account.

I thought that brokers couldn’t do this - a deal is a deal. I assume it is covered by the brokers’ terms & conditions.

In other words, selling before a share is suspended is *apparently* not a guarantee that you will obtain the proceeds of sale, if your broker doesn’t receive the proceeds of sale.

I have no personal knowledge of this so I cannot vouch for its accuracy but, as a number of people on that share reported the same problem, that suggests it is true.

It’ll be interesting to see if anyone reports the same problem with CINE if it goes into administration.

I do not hold shares in CINE.

“Toppy... It will dip.... Day trader's share“

@TheSurvivor7 Why are you so confident that the SP will dip? And what level are you predicting that it will dip to? All shares tend to rise and fall in a sawtooth fashion so predicting a dip is like predicting rain in the U.K. in winter.

(Continued...)

Thungela was demerged from Anglo American in June 2021, completing the FTSE 100 miner’s exit from South African coal. Thungela shares, which are also quoted in London, fell as low as R20 on the first day of trading as investors in the US and Europe dumped the stock.

Since then they have soared by almost 1,400 per cent and the company has an equity market value of $2.2bn.

I can do better than that.

Heading: Thungela to pay bumper dividend as coal price soars.

Sub-heading: South African business spun out of Anglo American reveals 4,000% rise in profits.

Investors in South Africa’s largest exporter of thermal coal are set to enjoy a bumper payday amid an extraordinary boom in prices for the highly polluting fossil fuel.

Thungela Resources, a spin-off from Anglo American, declared a dividend of R60 a share ($3.68) as profits for the six months to June surged more than 4,000 per cent on the back of record coal prices and premiums.

The payout is nearly three times higher than Thungela’s share price on its first day of trading 14 months ago and underscores the huge profits being generated from coal.

Glencore, the world’s biggest exporter of thermal coal, this month revealed earnings from its coal business had surged almost 900 per cent to $8.9bn in the first six months of the year. Chinese and Indian producers have also reported soaring profits.

The results are the latest evidence of a remarkable turnround for an industry that has been shunned by many investors and banks amid a global push towards cleaner fuels.

Thungela said demand for “affordable” energy sources had escalated following Russia’s invasion of Ukraine, which has sent shockwaves through global energy markets.

“Coupled with supply constraints in major coal-producing regions, this resulted in the price of thermal coal increasing to unprecedented levels,” chief executive July Ndlovu in a statement.

South African coal shipped from Richards Bay is trading at almost $320 a tonne, according to Argus Media, up from $140 this time a year ago.

A full ban on Russian coal shipments has just come into effect in Europe, boosting demand for alternative sources of supply. It comes as Germany fires up coal-fired power stations ahead of the winter after Russia cut gas supplies to the continent.

“We expect an even larger dividend of R67 per share at the full-year results, assuming there is no merger and acquisition activity,” said Ben Davis, analyst at Liberum.

In the six months to June, Thungela reported net income of R9.6bn ($578mn), up from R351mn in the same period a year ago on revenue up 160 per cent to R26.1bn

It also lowered guidance for shipments as rail constraints continue to hamper its ability to move coal from its mines to Richards Bay, one of the biggest coal terminals in the world.

Thungela expects to export 13mn-13.6mn tonnes of the fossil fuel this year, from an initial projection of 14mn-15mn.

The company also approved the R2bn Elders project, a proposed underground coal mine in Mpumalanga province, although Ndlovu said it would not add incremental tonnes to its production profile but replace production from another mine that was reaching the end of its life.

(Continued due to character limit..)

Parge, please just reply to your original comment (on the Telegraph article) to add the second & third pages rather than start a new thread for each. Thanks.

@TheSurvivor7

Why did you buy in? This just seems like an odd choice of stock for someone apparently so nervous.

You only joined LSE under a month ago (20/7/22). On 10/8/22 you wrote:

“I'm new to this stock... It has had a fantastic rise this year.. But where is the top? I bout at 1347, so I feel I'm in at a high price considering this has multi bagged. I read a article on bloomberg saying Russia disruption Could keep coal price high for years... Just like some feed back please.”

“ The JSE ex-div date is 15 August and the payment date is 26 September“

There’s a slip there. Declaration of dividend is 15 August, ex-div date is 22 September, dividend payment date is 10 October 2022.

@pop31 I’m grateful for the two links. I actually wondered if your first one (yesterday’s) was by someone else and not Boatman Capital as it was such a U-turn.

Re your second link, opening paragraph: “When Anglo American spun off its coal arm to form Thungela Resources last June, no one could have predicted that the taboo energy source would make a comeback”. A number of people on here would disagree! It’s funny seeing them trying to justify their U-turn.

Boatman Capital is the one that said, in June 2021, that TGA shares were worthless! They were £1.50 then.

https://www.proactiveinvestors.co.uk/companies/amp/news/951530

https://theboatmancapital.com/2021/06/02/thungela-resources-ltd-drowning-in-liabilities/

Continued...

Zahawi said: “I think it’s important we all get round the table, I will continue to do the work I need to do as chancellor, but I also want to challenge them, to say are you making the investment? How can you help your customers? What more can we do together? That’s the reason for the meeting.”

Continued...

Brown said the four could suspend and “fundamentally reform” the price cap, agree to more financial support in October, identify more supplies abroad and more storage in the UK, and agree on voluntary energy reductions.

But he also suggested that the government could bring into public ownership “as a last resort” companies who do not provide social tariffs dictated by “what people can afford”.

Brown suggested his proposals could be paid for “with a watertight windfall tax on energy companies and a tax of the high levels of City bonus payments”.

The government introduced a windfall tax in May, which is expected to raise around £5 billion.

But extending that was not expected to be on the table in discussions with Zahawi and Kwarteng today, with both ministers being instinctively against the measure.

However, it could still be an option if company chiefs do not make investment progress.

Mark Spencer, the Commons leader who is backing Sunak, told Times Radio he would not rule it out.

He said: “I’m certainly not a huge fan of big taxes, but at the same time, we’ve got to try and help people through this through this crisis. So it’s not something I would rule out at this moment in time.”

Spencer said: “I think we need everyone to be putting their shoulder to the wheel, including those energy producers and energy companies to try and assist with this global challenge we face.”

He said the companies were in a “hugely privileged position of controlling and having huge influence over a marketplace”.

He added: “And we need to work with them, alongside them to make sure that they’ve got the cash to invest in the future so that we can see energy prices come down in the long and medium term, but at the same time, you know, not to exploit hard-working people around the country.”

Truss backers have previously said she does not support a further windfall tax.

Sir Iain Duncan Smith, the former Tory leader who is backing the foreign secretary, said it would not be appropriate for her to be part of discussions with Johnson and Sunak, or with energy companies.

“She’s in a campaign and it would be quite wrong for her to try and adjust things in accordance to what would suit her,” he told Times Radio.

“But what obviously we want from the government is that the government gets the idea of what the problem is, to what degree, how much therefore — if there is requirement — how much would be required? How much of that would be offset as a result of the tax reduction policy that Liz has? And finally, that key point, who will need the money most?”

There has been widespread anger at Shell, BP and British Gas owner Centrica announcing bumper financial results while households struggle with soaring bills.

During the meeting in Downing Street today, bosses will be asked to submit a breakdown of expected profits and payouts, as well as investment plans for the next three years.

(Nearly there...)

Energy bills could soar even higher than expected to more than £5,000 next year, experts have warned, as industry bosses will be told to explain their profits and payouts to ministers.

Ofgem could be forced to raise the price cap to £5,038 in April — more than £200 above previous estimates — according to the energy consultancy Auxilione, with bills hitting £4,467 in January.

Because their prediction was based on wholesale market figures, Auxilione said there was little energy companies could do to try to bring prices down and said there was “little appreciation [of] just how impossible that task is”.

However, Nadhim Zahawi, the chancellor, and Kwasi Kwarteng, the business secretary, are set to meet energy bosses today and will tell them the government expects them to invest record profits in green energy and gas production to help deliver lower bills.

Before the meeting, Zahawi said: “They haven’t changed anything they’re doing, they haven’t had any increase in their input costs at all, but they’re getting a much higher return because of the unusually high gas price because of Putin.”

But Gordon Brown, the former Labour prime minister, has urged ministers and leadership candidates to go further and temporarily re-nationalise firms which do not work to lower bills.

Writing in The Guardian, Brown warned: “Time and tide wait for no one. Neither do crises. They don’t take holidays, and don’t politely hang fire — certainly not to suit the convenience of a departing PM and the whims of two potential successors.”

And he said Boris Johnson, Zahawi, Liz Truss and Rishi Sunak should hold an “urgent” summit, a move ruled out by Truss.

(Continued due to character limit...)