Member Info for LuckyLuciano

PUBLIC INVESTMENT CORPORATION SOC LIMITED:
The Public Investment Corporation is a South African state-owned entity with R1.907 trillion of assets under management as of 31 March 2020. It is Africa's largest asset manager.

https://www.lse.co.uk/rns/TGA/tr-1-notification-of-major-holdings-1z8npjccb5rrpey.html
PUBLIC INVESTMENT CORPORATION SOC LIMITED
...ANOTHER -1% and possibly still 7.6% to go.
Does anyone know these guys? I am going to pay them a visit...lol

Viable....
Trying to determine extent of any mine unrest. Is what you wrote. It imply that there is some unrest......lol
Anyhow that is the reason look at RNS...
There is a seller out there.

Retiredinfrance
I can not disagree with you, trading is trading. Anyone has different time frames and risk attitude...
Can I ask you why you kept one share?

Can see any news on mining unrest, if was true would have come up with a concrete link.
I don't think the guy mavericks can bring down the price doesn't matter how much he try, (with all due respect) but undeniably the price is coming down....
Imv this is linked to US market and Friday feeling, lots of people are seating on great profit and doesn't matter how good are Tga fundamentals they say a profit is a profit......hence the selling.

So according to GS coal to reach $190 b4 ebd of 21. And average $120 for foreseeable future...... More or less what we discussed in this board.

Lol just realised there is no need to subscribe.....

https://www.bloomberg.com/news/articles/2021-09-14/goldman-almost-doubles-asia-coal-price-forecast-on-energy-crunch

https://www.investing.com/commodities/coking-coal-futures
I know noting to do with thermal coal but......wow up 12% on the day.
I wonder is China didn't cut steel production were the price would be?

Many other major miners are getting rid of coal operation via selling directly to other companies, for some fortunate reasons AAL chose the listing option, there must be a reason for that.... Could be that the management that was already working for AAL wanted to take charge indipendently if Tga, realising in the proces that they would get very cheap shares, in this case I doubt that they will allow a takeover on the cheap or at this stage anyway..

Today nother spike up in gas price. The energy sector in on fire. I might be wrong here but it seems any disruption to supplys is exacerbated by the covid19 situation. Look at China with the coal supposed to come from Mongolia.....

Yes they sold less than one day trading volumes back before the 10th, possibly the reason for recent slide from 330 to 300ish.
I am not bothered either.....not to ramp but today US CPI was more important, and looks all good on that front.

Possibly one of the best sum up of current situation..
https://asia.nikkei.com/Spotlight/Market-Spotlight/China-and-India-send-coal-prices-soaring-amid-green-energy-push

...not to sound patronising here, but would suggest not to bombard the Tga PR with all sort of mail....

Right on Tga financials I just got a reply:
====================================
Good Morning Luciano
Thank you for your email. Thungela will report bi-annually.
Thungela released its Interim Results for the six-months ended 30 June 2021 on the 13th of August - the full report and presentation can be downloaded from the Thungela website: https://www.thungela.com/investors/results
You are also able to watch the Interim Results presentation on the website at the following link: https://www.thungela.com/investors/investor-presentations
Kind Regards
Tarryn Genis +27 (0)82 324 4650
==================================
Well then this doesn't exclude a market update at some point down the line. Possibly this is a good new in that will eliminate the usual sp rise to the result release day and the inevitable sp sell of...

I was looking at the last time thermal coal price spiked up during market crush, back in 2009.
https://tradingeconomics.com/commodity/coal
The above coal price is not the one Tga is selling but is just an indication. The graph shows that back in 2009 credit crunch it passed 2 years from bottom to top price. With pandemic we had a similar price crunch and recovery, even if imv pandemic crisis is different from credit crunch and has different implications.
This is a voodoo forecasting but for the same token we should have coal price rise till end of q1/22 (2 years period).
IF that happens are we going to see thermal coal touching $200/t?
On the Chinese market cooking coal and thermal coal prices have started to change directions, price of cooking coal used for steel production is starting to come down together with iron ore, thermal coal price is holding at all time high.
Different from commodities like iron ore or copper, where one major user (China) can change prices with its policies and consumption, coal is needed by many developing countries and more the economies reopen and more will be needed.
Assuming that coal prices peak in few months and then settle at these levels or even below at 130$ curve as from Bloomberg analyses, is some £370million net profit for the next few years, just a multiple of 5 (company has no debit) bring £13 sp. If this will happen or not....I have no idea no doubt Q3 results will be a very interesting reading and event of the sp.
I have emailed the company about that, but no reply yet....

...or maybe I had too many. lol

Wow wow Stefano you are welcome, but please don't give me too much credit, I try to research companies I invest from different angles, is the best way to have a feeling of risk/reward, and even then sometime it can go wrong.
For example till last week I had a substantial investment in Valneva the covid vaccine maker. Is just out of pure luck that I sold before today unexpected news.
On Tga I see 3 main share price drivers, the main indexes trend (stagflation and all that), the coal price and Tga fundamental value.
I am doing lots of research and trying to understand how these three variables will play out to realise maximum value from Tga. On Tga value and fundamental we have talk quite a lot on this board, there is a huge consensus that cash flow going forward will be outstanding possibly the best on among UK shares. That bring the next obvious question on coal price and how long this is sustainable at these levels. On this I am posting a link for IEA that possibly have been posted already. Bye.

https://www.iea.org/news/global-electricity-demand-is-growing-faster-than-renewables-driving-strong-increase-in-generation-from-fossil-fuels

Well then I suppose anyone that bought TGA is now in profit.

still from results numbers doesn't much, i know it never match in any result from any company especially miners but any view?
Dividing revenue with realised t/price doesn't give tone sold .