Member Info for diamondman

Pop.... I also follow gas and oil prices as they are leader to coal prices. Its true that Europe has stocked up on gas and the recent weather has been good. I've sold down recently and have cash to buy in if the weather turns worse. I think next winter may be more difficult for Europe to stock up.

Also I read that there are a lot of LNG ships off Europe shores waiting for the price to rise.

I check several times a day on trends

But DYOR

Coal prices are steadly going down, bound to affect the SP.

Letsgo:

The PUBLIC INVESTMENT CORPORATION SOC LIMITED increased their share holding on 20 Oct.

Part of an item from the Glencore board ( which does have coal). I bought some shares a few weeks ago to get different exposure to coal.

Analysts at Barclays reiterated Glencore as their 'top pick' within the European Metals and Mining space.

Despite what they termed the 'darkening skies', they said there were opportunities to be had.

In the case of Glencore, they believed the shares were underpinned by a structural shift towards coal which they believed was being ignored by the market and a spot free cash flow yield of 34%.

They estimated that Glencore shares were discounting a price of $66 per tonne of thermal coal to perpetuity, against a 2027 forward curve on $280 per tonne.

"EU coal equivalent gas price at $525/t gives significant incentive to switch, giving room for prices to run higher into N. hemisphere winter," they said.

Fromage... how can something be stolen 'legally ?
Something is either stolen (illegal) or aquired legally. You may not agree with the price paid but that's different. I don't remember a bidding battle for it, so the price paid must have been fair as no one else wanted it at a higher price than Anglo paid.

But coal was around $50/t just over a year ago and Thungela was making a loss or at best a small profit. At that stage they could barely cover thier environmental oblicatuons. They have that money banked now.

Agreed that if the dividends continue its a cash cow...

Highly risky share over anything but the very short term.

But DYOR.

Krutsy...£3/ share gross, £2.40 / share net of 20% WHT.

I don't quite agree with your analysis of why the SP is not a lot higher, there are still plenty of people / organisations who could buy the shares. I think its because they don't thknk high prices will will last long enough to pay a large premium. Its all about risk/ reward.

If you believe ii should be £30/ 40++ , sell all your other shares and pile into this 'under priced' share.

Richt. I don't know how you can say that with a straight face... 20 years....

Look what happened in the last 2 years no-one foresaw: Pandemic, inflation, Putin war. Most of this could all blow over in 2/3 years, or a serious recession/ depression which would force all energy prices down. Or Trump could be reelected and open all the coal mines in America.

I'll take 6 months to a year view thanks.

Level5 .....that article is 2 weeks old and in the last paragraph says

'... in the event of a protracted strike extending to two weeks, Thungela would be forced to further curtail production, with the potential resultant impact being a reduction of up to 300 000 t of export saleable production.'

The strike was around 2 weeks so approx 300000 t of export lost.

Just saw it on Bloomberg, looks lile less then the uninion was asking for . SP should go up tomorrow. As fast as it came down.

Tiger179

Looking further down on the link you shared it says under risks:

Earnings are forecast to decline by an average of 36.3% per year for the next 3 years

Dividend of 43.52% is not well covered

Volatile share price over the past 3 months

Significant insider selling over the past 3 months

DYOR

OilandMetal you can manually move it from the income account to your trading accoint but you have to be on the HL website version to do ot.

Oil and metal have you checked your income account as this is where is is held.

Glad I waited to buy, as I advised. Watching coal and gas price news as this will determine coal price over winter in Europe.
However DYOR

It's worrying that the forward prices for both of these have dropped quite a bit, well below $300. Following gas and oil lower.
I'm holding my divs until at least the strike looks to be resolved

Edward are you ramping everywhere?

Retiredbanker, Edward has been selling this on many boards, hence the price jump when they also use the striking rail same network as TGA who have gone down by 4%. He is a good remper. I would not be supprised if he is not the seller today.

I would not take much notice in this RNS, most of the transactions are from 2021 or early 2022. Its a strange RNS as the sales should/would are been reported at the time

What fee % and what spread?

Where a free trade?