Member Info for EdwardSeaton

What is it about this company that induces endless comment diarrhoea?

Hundreds and hundreds of posts, and nothing ever happens.

At last, 2 (big) vessels have arrived this morning. Hopefully back to normal now.

Until Friday there were constantly 1 or 2 ships arriving at RB every day. But for the last 5 days, absolutely nothing at all.

Strike? Maintenance? I've read nothing to explain.

I totally agree that the Bisichi Directors could and should to more to support their share price. I have been to London to tell Andrew Heller this in person.

However, I would point out that Thungela basically do everything they can to be transparent and aggressive in their dividend payments, and they are in exactly the same pulverised position as Bisichi, both having absurd P/E ratios well below 1.

The dividend is going to 12pps. How are you getting a 50p drop?

I assume there is a general realisation that coal prices have risen $15 from the (still decently profitable) trough, and are looking positive onwards. And Transnet seems to be getting a grip of itself.

It's very simplistic, but that's how it seems to work.

You need to understand that when Terry expresses a positive opinion to the 5 of us on here, it's not a market manipulating 'ramp', it's a gift of wisdom.

Remind us what a ramper does, Terry?

Blimey - someone has actually bought some today, presumably in the full knowledge that the share is going to be suspended on Monday!

Financial Diary tab above suggests 6th July.

4 large ships with capacity of 620k GWT currently tied up at RB. I don't recall seeing that capacity at the same time before?

Block where?

I only post when I feel I have something to add, Terry.

As I've said consistently, I see great value in this share, and have remained a buyer throughout.

Aaa

How's your anti-ramping crusade going, Terry?

Terry, you've gifted us 532 posts in the last 30 days.

Is that is a good use of your valuable time?

Reassuring to hear yesterdat that all is positive on the Ensham transaction.

Tracking towards a combined 15mt this year.

Yes, I was certainly there, along with maybe 50 others. I mistakenly went to their office in Little Portland Street, and was put in an Uber (at their expense) to the correct location 20 minutes away. My mistake provided a good opportunity to see behind the scenes.

I had the opportunity to speak with AH at great length when the meeting had formally closed, and I emphasised all the points I had raised in my previous emails to Bisichi (which I have shared on here).

To some extent, I think the conversation was conducted privately, so my thoughts below reflect that.

On the weakness and reluctance of communication (which I contrasted with that of Thungela), a commitment was made to determine what information about their very substantial investment portfolio could be publicised.

I would say the appointment of each brother to the other company's board will be positive for dividend policy.

The hopeless websites of both companies are being redone.

I think the new style of the companies is yet to emerge post the generational shift.

My opinion remains that Bisichi and LAS should either be merged, or properly separated.

This was also confirmed and discussed at the Bisichi AGM yesterday. Very positive.

Yes, Beza, they did respond, and confirmed that my emails (plural) had been circulated to the board.

I will be there tomorrow (as long as they let me in...).

I continue to consider it crazy-cheap, which as a monthly investor is advantageous.

But I don't pretend to know the direction of the coal price or share price, or derive any satisfaction from endlessly telling people that I do. Just what is the constructive point in your posts if you don't hold the share?

So, who are the consensus of analysts who think Thungela will have just $100m at the end of the year?

PS How can you possibly 'ramp' a share on this little website?!

Terry, you've shared 400 posts of wisdom on here in the last 30 days. Where is this 'consensus' coming from?