Member Info for EdwardSeaton

Intensely funny.

But no, you were right to hold them until they fell to 308.

2 massive alarm bells.

1. When a company says it is 'pleased to announce' hot air.

2. Preposterous sources of spurious profit - in this case a 'bargain purchase' profit of £9m.

This outfit is sub-garden shed.

My thoughts are three fold:

1. Beyond anything other than the very short term, the thing that really matters is the future balance of supply and demand. At some stage (presumably), global demand for coal will eventually start to fall. But that is irrelevant in isolation. What matters is the balance of supply and demand, and given the near total absence of global investment in new coal supply, I expect supply to fall faster than demand. On that basis, I think TGA and friends have a very rosy future.

2. The current price of coal is artificially supressed by the overhang of excess stock accumulation in the mad scramble a year ago, and also a Chinese economy far weaker than officially reported. The unwinding of these anomalies will be positive.

3. At every turn, the Directors of TGA impress with their communication and clarity of purpose. This is a very well run company.

NAV at H1 was 126pps.

A significant buy back makes very good sense.

Https://www.telegraph.co.uk/business/2023/12/15/coal-use-hits-record-high-2023-net-zero-push/

Https://www.telegraph.co.uk/business/2023/12/15/coal-use-hits-record-high-2023-net-zero-push/

Just as a matter of observation, I think these guys do a really quite superb job on investor relations.

There is absolutely no ambiguity, evasiveness or bs.

A very high quality company, and every reason to be optimistic onwards.

For me, this is a regular buy and a very long term hold.

I don't think you are trying hard enough. Put your back into it.

I really don't know what to say to that sort of comment.

What? Why? Where? When? Says who?

Https://www.miningmx.com/top-story/55179-sas-treasury-throws-transnet-debt-lifeline-with-r47bn-guarantee/

The last section in particular is encouraging. Nobody ever talks about export volume, but is is equally as important as the coal price.

Bisichi, as a minnow, has suffered terribly from the Transnet capacity constraints.

$110 at 'normal' RB export volumes would be substantially profitable.

Https://www.miningmx.com/top-story/55179-sas-treasury-throws-transnet-debt-lifeline-with-r47bn-guarantee/

The last part of this is a bit mumbo-jumbo, but is good news nonetheless.

It is a curiosity how little attention on here is paid to volumes. People obsess about the price, but volume is equally important in the profit equation.

I think we wait until Thungela gives us the market and trading update that Bisichi never will. Should be next week/week after.

As I have previously posted, some obsess about the Heller costs, but a £1m reduction last year would have made no difference to the current tragic share price.

Michael Heller is unlikely to replicate his cost this year.

The real failing is the lack of communication, the lack of a defined strategy, and the lack of a dividend policy.

They seem to encourage the market to assume the worst.

I wonder if there is another company out there that could effortless pay out a divided greater than its share price from piggy-bank savings?

What sort of lunatic holds shares in a near insolvent company that has lost £400m in 5 years (with no sign of disrupting that spectacular trend)?

There are 18 preceding comments on this share today.

All but 3 of them add absolutely nothing to the conversation, and serve only to demonstrate a frailty of mind and nerve.

A word of advice, guys - AIM stocks are seriously not for you.

Not really. Share price should be driven by annual profit, not daily fluctuations.

Buy first, and ask questions later. Very rock and roll.

Humour me - I was just trying to introduce a little light in these dark days.

Broomtree's charts suggest 800p.

Just watching the excruciating ESG presentation live.

One reassurance is that Greg Smith is visibly appalled by the rambling virtue-waffle.