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Such a shame their products are made in China. I'm sure there are cost justifications, but I just can't do it.
To the extent that final results have been published in later April for the last 2 years, yes, I would expect final results next week.
It is a small company (in the UK) with no direct customer sales, so the website very far down the list of priorities.
It will be fun to see the reaction when the results are published. What is the lowest PE ratio anyone has ever come across?
Looking at the endless tiny share transactions, the shareholders and in very large part small, and I suspect inexperienced.
In the fullness of time, the weighing scales will overcome the crazed emotions. In the meantime, hoover.
Looking at the endless tiny share transactions, the shareholders and in very large part small, and I suspect inexperienced.
In the fullness of time, the weighing scales will overcome the crazed emotions. In the meantime, hoover.
I'm pretty sure everyone can see that, Mick.
16 bulk carriers docked at RB in last 7 days. I've not seen that since I've owned shares.
Judging by the number of bulk carriers that have docked at RCB over the last week (12), Transnet is now delivering a far greater volume of coal to the terminal than was the case throughout 2022. All of it goes East.
It is curious how such similar companies can be valued so differently.
I hold a bit of Churchill for family reasons. It is almost valued as a tech company on a 20 times PER, whereas long established mining companies like Bisichi are valued on a 0.5 times PER (CAP is £25m, and it is about to report around £45m profit).
And then a large mining company like Thungela has a PER of 1.4, and a dividend yield of 42%!
There is a lot of madness and irrationality out there, and some very easy money.
None of my business, I know, but I'd be fascinated to hear the reasoning of the person who sold 2000 shares today (unless they just needed the funds).
Looking at the P&L of the 2022 accounts, I'm seeing £10.5m tax paid and profit after tax of £73.9m.
My pension held in Transact receives all dividends gross.
The only thing that drive me mad about Transact is that they take several days to allocate the dividends to my account.
There is nothing to be gained from riddles and evasion, Tiger.
Let's leave it there.
On the assumption that this is supposed to be a serious discussion board, would you care to share your rationale for holding shares that you firmly believe you are going to lose money on?
But you are still holding Tiger?!?
Tiger179 - if you are holding a share that you think will fall by more than £3 when a £1.8 dividend is paid, you are certainly in the wrong game.
Broker forecasts 2 years out are, TBH, utterly pointless.
What we do know is"
1. At the very bottom end of SA production (10.5mt), breakeven is $93. So $132 remains substantially profitable (I get the impression many think otherwise).
2. SA operations are capable of producing at least 50% more than that.
3. Global coal demand is sitting at an all time high - the world cannot live without it for the foreseeable future, whatever the mung bean eaters might say.
4. Global politics have catastrophically disincentiveised investment in coal extraction and production, so supply will erode onwards.
5. They have bought another 3mt of annual production in Australia for a very modest outlay.
6. Very few companies have trade less at risk from future lockdown madness.
7. Very few companies sell a product with a more certain and predictable demand over the next 10 years.
8. Very few companies have such a clear commitment to paying a substantial dividend.
9. The company appears to be very well run.
10. It was noticeable that the suportive questions being asked at the webinar on Monday were from institutional investors.
For these reasons (and plenty of others), I'm in.
No, the Melksham plot is about 3 miles from their Holt HQ. It's on a roundabout on the A350 in town, and I'd guess it's 1 acre. It's currently empty. Not high value.
Yes, this is getting very close to being damn fine company.
Right product at the right time. Humble but high quality board.
I'm glad I hold a few for the long term.
Fromage - don't get me wrong - I think this is one of the most absurdly cheap shares on the market, and I am buying as much as I can on a monthly basis.
All I'm saying is that for the time being, if the price stays down here, I can buy more shares and more dividends than I could if the PER was between 5 and 10. There is a lot of upside to the pessimism and confusion.
Unless you are in it for the very short term, surely market pessimism is a good thing, Tom78? You can just buy more shares and more dividends for less.
And yes hbeevers, the Ensham purchase is entirely being perceived as a cost without benefit.