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After the shameful placing I’ve managed today to pick up a decent trance sub 105.
I can’t say i am happy with the way this company has behaved but patience has been rewarded and brought my average price down The divis are good so let’s keep an eye on the spot oil and gas prices and see where the SP goes
Some very helpful posts of late in regards to tax issues
GL all holders
Disappointed.... I got stopped out this morning .
I have a strict 21 % stop loss policy on all stocks . Its disappointing but its kept me in the game over the years.
So sadly its fair well from me..
Good luck to all holders
Opti
Hi Whitemountain
Its a good question re Mayfair and Audley I see that they have to pay the AUD swap rate plus 10 % P/A interest for the loan ( unless they pay it off sooner) Tga have built in a long term incentive plan (LTIP) for the Co investors which if met will bring the total number of their shares up to 30% .
What we don’t know is what criteria do they need to meet do achieve this goal to be awarded the extra 5% of shares. (They should tell us that)
At this stage we can only make assumptions that TGA have a deal of faith in the abilities of Mayfair and Audley capital in increasing capital value.
Failing that Tga still get 10% interest P/A and its a 4 year loan with a further 2 years extension if required. If they pay it off sooner they have to pay not less than 70% of all distributions received from Sungella holding to service the loan.
As with all things re stocks and the RNS’s they churn out you need a brain much better than mine.
GL all
There is a lot in this RNS that i still yet need to digest (bedtime reading) and as relative new investor i am still trying to get to grips with this company but the acquisition looks good and diversification into Australia brings more stability in my view.
I think if we get some upward movement on natural gas which is currently in the doldrums Thungela will go along with it. GL all
https://www.proactiveinvestors.co.uk/companies/news/1004736/diversified-energy-annual-production-rises-by-14-1004736.htmlDiversified Energy Company to cultivate new 'region of focus' as it aims to replicate Appalachia successes31 Jan 2023Diversified Energy said gas production rose by 14% in 2022, with output at the end of the year running at 846mln cubic feet or the equivalent of 141,000 oil barrels daily.Costs averaged US$1.73/Mcf (thousand cubic feet), US-based Diversified added, with 85% of production for 2023 hedged at US$3.63Mcf.Diversified Energy also said it had retired 200 wells over the year, a 47% increase over 2021 with more than 150 contracted to be closed down in 2023.Two handheld surveys of 174,000 emissions from its Appalachia-based asset base had revealed no methane leak rates of greater than 95%, it noted.
Yes Tiger there is a lot of nervous trading going on.
You could have got hit by end of the month squaring up. Last day of the month people go flat. Sell up.
I always try to avoid first day of the month and last day of the month trading
USD/SAR bounced nicely of the 200 day moving average a few days ago.
Correct me if I am wrong but I believe a stronger US dollar bodes well for TGA as they sell their coal in US dollars.
As a trader the USD/SAR isn’t for the fainthearted it has a big spread and the usual volatility of F/X trading but has plenty of volume so a lot of people are trading it.
This could account for some of the volatility in TGA price technically its trying to break out of resistance. If it holds above the 200 sma that’s a good sign
GL all TGA holders
Where does South Africa export coal to?
India nevertheless remains the top destination for South African coal, accounting for 28.4% of South African exports in Jan-Sep 2022. It should be stressed that overall imports into India have been growing strongly in the last two years.
Press release 25 Janurary 2023
People-centric Thungela named Top Employer for second consecutive year
Thungela one of the largest pure-play producers and exporters of thermal coal in South Africa, has once again been recognised as a Top Employer in the country by the - Top Employers Institute, for the second year in a row. Last year, just eight months after its inception, the company was named an employer of choice in the mining sector.
“Acquiring Top Employer certification is a fantastic achievement and is also a further reaffirmation that we are living our values of safety, care and respect, accountability, excellence, agility and entrepreneurship in the work environment. This recognition will further enhance the employer brand of Thungela and will attest to the fact that we continue to uplift and improve people’s lives and create value for a shared future,” says Lesego Mataboge, the executive head of human resources at Thungela.
This year, Thungela once again achieved this prestigious certification, solidifying its commitment to its employees and was rated particularly highly for values, ethics and integrity not to mention our people strategy.
The Top Employers Institute is the global authority on recognising excellence in people practices and has certified 2 053 organisations in 121 countries/regions since 1991. The certification is given if the people and practices at the organisation can pass the HR Survey which is based on six key HR themes: steer, shape, attract, develop, engage, unite.
“As we grow, we continue to affirm our commitment to the individuals that make up our operation, and we are honoured that the Top Employers Institute can endorse our intention with this certification,” ends Mataboge.
This recognition once again confirms that Thungela is a people-centric business built on their people, for their people.
Definitely director buys it’s all in the wording and it says buys...
If its awards they use wording like acquired. We just need to sit tight and wait.
I was in this share some years back and sold out for a decent profit and to my astonishment it kept on going up and up.
I felt the drop was overdone and a golden opportunity to get back in. I can’t say that it will get back to the heady days of £30 a share but I can see £10 asa minimun which is the next major resistance point.
Just sit back and wait
("Tekcapital" or the "Group")
Portfolio Company Update: MicroSalt, Ltd. ("MicroSalt")
Tekcapital converts outstanding loan amount in MicroSalt Inc.
Tekcapital Plc (AIM: TEK), (OTCQB: TEKCF) the UK intellectual property investment group focused on creating valuable products that can improve people's lives, is pleased to announce that it has converted its outstanding convertible loan note of c.US$1.35m in MicroSalt's U.S. operating subsidiary, MicroSalt Inc. at a value of US$2.18 per share. This values MicroSalt at US$ 20.0m.
Following this transaction, Tekcapital owns 97% of the share capital of MicroSalt Ltd. and 6,034,683 shares (78%) of MicroSalt Inc., its U.S. subsidiary.
About MicroSalt
MicroSalt, is the developer and manufacturer of a proprietary low-sodium salt called MicroSalt®. We are passionate about improving peoples' lives with better-for-you seasonings and snacks by taking the lead in the industry by providing the best low-sodium salt solution, based on the mechanical transformation of the salt particle itself. This solution is the only one that delivers real salt flavour because it is salt. Our new patented technology produces salt crystals that are approximately one hundred times smaller than typical table salt, delivering a powerful saltiness as the micro-grains dissolve in the mouth, with approximately 50% less sodium consumption. Additionally, the ultra-small particle size enhances product adhesion, which reduces waste and provides improved flavor consistency. MicroSalt® and SaltMe® are registered trademarks of MicroSalt Inc.
To learn more about MicroSalt please visit https://www.microsaltinc.com/
To learn more about SaltMe! snacks please visit https://saltme.com/
About Tekcapital plc
Tekcapital creates value from investing in new, university-developed discoveries that can enhance people's lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visit www.tekcapital.com .
It looks to me that the directors are buying in at this price because they believe that the company has a good future and the SP will go up.
Directors are not dissimilar to us private investors they like to buy low and sell high.
They do obviously have a huge inside knowledge that we do not have
Below is an extract taken from the London stock exchange
As a general rule, Director/PDMR Shareholding announcements that show substantial insider buying activity are a bullish signal. If corporate insiders are buying, it shows that they are confident about the future and expect the company’s share price to rise.