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Lots of miners had the same dip this morning e.g. Rio Tinto, Anglo & Glencore. However, while they dipped by 1-2% but TGA plummeted over 7% in just 30 minutes. Fortunately it recovered most of that - demand apparently remains strong (for good reason).

.... and it’s very positive. It’s a week old but I haven’t noticed it before. Until now there’s been no news stories listed despite many existing.

“This coal spinoff has surged in value. BlackRock has profited” https://apple.news/A5X6ARrMySuKDL4JWJD2Kww

I like this paragraph:

“BlackRock BLK first made a coal divestment pledge in Jan. 2020. However, BlackRock has always allowed an exception for its passively constructed index funds, which is the majority of its funds under management”.

It’s like all the eco warriors wearing their oil-derived clothes, and travelling to demos by burning fossil fuels including to generate electricity. It’s like Prince Charles flying to the USA to collect his green award. Don’t start me on Greta.

What’s funny is that Greta and the eco warriors have done us a massive favour. Cheers!

@OliG

I’m going to buy a dual fuel coal & wood burner so I can bask in the glow while basking in the glow, if you know what I mean. Every time I look at it it’ll remind me of what I did (and how scared I was when I did it).

Regarding your kids, I think you should tell them you’re going to do the right thing and leave them behind - tell them to think of all the CO2 it’ll save. Rub it in by telling them that you know it’s what they’d want.

@OliG

That’s hilarious. Thanks for sharing it with us.

Because coal is a source of energy and energy is ridiculously expensive at present. Also, no one new is entering the market - why invest in something with such a limited lifespan?

On the latter point, personally I think that the targets for net zero are hopelessly optimistic and an unnecessary act of economic suicide. The media and politicians are also unreasonably alarmist in my opinion. Therefore I think there is a potential hidden upside - a longer than expected lifespan.

It’s done it again.

On Google (just Google “TGA share price”) it says “+0.60 (+0.066%)”. As I said before, beast of share, this one.

I’m pleased to see it didn’t end up in the red. Though it’s flat today, it’s performed well today compared with many stocks including AAL.

A fall on good results being released isn’t unusual, counterintuitive though that may be.

I’m still happy if it holds £8.00.

Upon reading your question again, I think I misunderstood it. Sorry.

It drops by the amount of the dividend and is then subject to the vagaries of the market, so it might rise above that during the day or fall.

The relative silence is perhaps a sign that there’s not many rampers here. It’s good.

I’m typing your link out to verify the article. I should have finished typing it by sometime tonight ; )

Let’s go for the hat trick: here’s another article. It’s worth reading in its own right - it’s a very interesting article in itself.

Heading: “The week where decades happened: how the west finally woke up to Putin”
“But the new German coalition, faced by the need to extricate itself from Russian energy, may have to challenge other orthodoxies. The Green economics minister, Robert Habeck, does not rule out extending the use of coal-fired power plants.”

You what? Germany’s Green economics minister does not rule out extending the use of coal-fired power plants. Good God!

https://www.theguardian.com/world/2022/mar/04/russia-ukraine-how-the-west-woke-up-to-vladimir-putin?CMP=Share_iOSApp_Other

Here’s another such article:

Heading: Soaring gas prices are a cost of this war – and Britain can’t avoid them
Sub-heading: Consumers in the UK are going to have to come to terms with a lengthy period of rising energy bills

Sunday, 06 March 2022

“...Not surprisingly, the major recipients of Russian gas across Europe have spent the last week scrambling to find alternative sources.

Italy, which uses gas to generate 40% of its electricity and imports more than 90% of its gas, mostly from Russia, has looked to Algeria and Azerbaijan for alternative supplies.

German politicians have talked about cancelling plans to shut down nuclear power plants and ramping up electricity production from coal-powered generators...”

https://www.theguardian.com/money/2022/mar/06/soaring-gas-prices-are-a-cost-of-this-war-and-britain-cant-avoid-them?CMP=Share_iOSApp_Other

There have been a number of articles in the media since the Russian invasion of Ukraine saying that we need to burn coal again (such as to generate electricity) pending our conversion to net zero. I quote from one below as an example.

Personally I suspect that the world will be burning fossil fuels for a lot longer than that - a lot longer than politicians currently intend.

https://www.thetimes.co.uk/article/think-the-unthinkable-to-turn-off-putins-gas-pb8jdnzcj

Heading: Think the unthinkable to turn off Putin’s gas
Sub-heading: Our net-zero mission would be hit but we have to consider burning coal and wood to heat homes as we try to save energy

Matthew Parris
Friday March 04 2022, The Times

“...Finally — gulp — coal. We must reprieve those UK coal-fired power stations still running (officially) on standby. As for resources, we should not hesitate to exploit what gas and oil reserves may remain in our own waters, and prospect for more. Depending on world prices of gas, fracking may even be worth a second look, though with our island’s geology the prospects may be doubtful. I myself will keep some stock-market investments in carbon-related prospecting because I think not only that its days are not yet over, but that they ought not to be either: even before the attack on Ukraine we had to contemplate a demand for carbon-based fuels that continues for some years yet.

“The West’s dependence on Russian energy is making a mockery of the whole idea of sanctions. We won’t play football, but are transferring billions to Putin for gas and oil. He calls Ukrainians drug-addicts, but it is we who are the junkies: mainlining on his country’s gas. Breaking an addiction is always hard, but the treatment cannot begin too soon”

Tjay, I didn’t realise you’d been caught out but then I had actually forgotten how fast this has risen recently (hence my previous comment). I thought you’d sold some, seen the prise rise and bought back in, and increased your holding to cover the price rise that you missed out on. It seems you sold longer ago and, as it’s doubled in a little over a month, that lost price rise is significant. I’m sorry to hear it.

I’m shocked at the state of the rest of the market. It’s a bloodbath. There must be people buying in because their shares have plummeted and they see TGA rising. Yet still TGA gets no mention in the media that I’ve seen which suggests TGA is still flying under the radar.

Tjay09, I just stumbled across a comment by you on 19/1/22, with the data in the heading recording the SP as being 414.50p then, when you said:

“Just hoping with the disconnect that the pressure cooker is building in the share price ready for a 10% jump upwards”.

It was building and the price rose by 100%, not 10% (but I wish we hadn’t had war in Ukraine).

It’s easy to forget that that’s how fast it’s risen. Yet people have been saying since the summer that TGA is a cash machine and was due a revaluation.

You say that but it’s just broken through £7.60

I looked at the stock market yesterday and it’s a bloodbath eg Lloyd’s down 5.5% and a far too many companies down by the same or more. When things fall that quickly, the risers get noticed. I suspect that part of the reason for our relentless (so far) price rise is people spotting the risers and buying in, and spotting that the company is still good value. Some people will like the idea of in effect being able to use the share to offset their increasing energy bills.

If I may say so, it’s not actually benefiting at someone else’s loss. The seller thinks they’re better off out, the buyer thinks they’re better off in. They both think they are right but only one can be. You have to leave it time to run before you know who is right. However there are degrees of risk and some people identified ages ago that the risk in TGA was skewed heavily in favour of a price rise.

It’s currently 666.6 p. Beast of a share, this one!