Member Info for picstloup

@beardeddragon i'm not entirely surprised it's fallen, given the slide in pgms. still seems absurdly low, but as my average book cost is under £40, i'm not (yet) that bothered. i would buy now, rather than risk waiting for h1 results, or for it to fall to £50, but that may just be my book talking.

back of *** packet computations for h1 are still very healthy. with just over a week to go, it looks as if platinum's average ytd is going to be well over $2000/oz. assuming production is consistent with full year guidance (running significantly over in q1), that should translate to ebitda of ~r37b, significantly more than fy 2026. which should give eye-watering fcf and a stonking interim divi.

so i would be very surprised if we don't see £80 again, even the £100 i hoped for. but i've been surprised and disappointed before, and will be again. we will see when h1 results are published - i assume in early august.

Possibly, but downstream is largely unaffected by the orange idíot, so could hold over £30.

Hope you're right. Price here has seemed absurdly low given the relatively reliable profitability. Still a bit underwater here despite yesterday's welcome rise, so hoping it's finally the start of the climb back to a fiver, and then a tenner.

Doesn't sound like the partial mothballing that was worrying me last year.

https://uk.news.yahoo.com/north-yorks-mining-project-credited-073000843.html

Don't think any analysts have Aal at £49 yet, although citi is at £45.

Simply cannot believe this is still only in the £60s, despite platinum averaging $2200/oz in Q1 2026, and still $2050 Q2 to date. Compared to the Q4 2025 average of $1700/oz and H2 of $1500.

Not given to hype, but this seems the closest I've recently got (other than Indv) to a magic money tree.

Probably. Especially with the Transnet problem being, at least apparently, resolved.

Q1 results were more than decent: 96c/share adjusted earnings, more than double Q1 2025. Net revenue $317m, up from $266m, both heavily above analysts' expectations.

2026 guidance is now $1.215b-$1.285b net revenue, up ~10% on 3 months ago. Accelerated share buyback of $175m by end June, taking out ~3.7m shares (out of 121m).

Next stop $50? I keep thinking I should take some profits, then I think, why? if they're just going to carry on up, especially as eps will be rising almost exponentially on the fewer remaining shares.

Thanks, stargate, for this wonderful outpouring of chartist gibberish, haven't seen so much boIIocks in so few paragraphs for ages.

"Empirical modelling" my ārse. In the long run these shares will go up in value if Anglo gets stuff out of the ground for £n and sells it for £n plus a bit. Absolutely nothing to do with "outside bar range X 2 added to outside bar high.", if that actually means anything at all.

Very weird. Technically opened at $104, having been gapping down over 8% in early morning trades, and now $114 as if nothing had happened. I don't get the accounting figures at all, at all. But I retain faith in 31% rise in annuity sales yoy, nav of $145 per share, and a PE of only 5. Also reasonably confident that management have consistently been underegging the cake, and hope this remains true.

Think it's worth more, but so it goes. I've been in and out for 15 years, so comfortably up overall, especially after today, but feel a better BoD would have done better for us independently.

to any silly conspiracy theorists out there: richard's bay coal had intra-day fluctuations - "to rise and fall back again by upto 8% or more repeatedly" - on 2, 3, 4, 9 and 10 march.

don't suppose that will shut up mike1974 as that sort of inept investor finds it easier to blame others for their own inadequacies. usually dodgy ****** undertones as well.

6.97 shares "dripped" today @ $105.33 each, total $734. Up from $634 this time last year: 15.8% up, 12.5% the divi increase, the rest from the 27 extra shares dripped in the year's four 80c divis.

Planning on (slowly) moving them all across from my Schwab account to my SIPP, partly to save the 15% NRA tax, and partly against future CGT (currently on a 180% gain).

Dividend of 8.7p, payable in early May. Given that operating fcf was negative R88m in H2, they didn't need to pay one at all. I rather disapprove of paying dividends when you've made a loss, but it's not a huge sum, so can't be too exercised about it. Especially as they still have reserves (what they call their "cash buffer") of R4.7b (£205m, over £1.60/share).

Well, it would be relevant to Wordsmith if Wordsmith was producing, as the price of polyhalite would be relatively more competitive compared to oil-dependent fertilisers. As we're unlikely to see any production before about 2030, there is no practical immediate or imminent benefit to Anglo.

But it is a reminder of what an enormously valuable long term asset is sitting under them thar hills. And perhaps, please please, may concentrate a few minds on how best to extract shareholder benefit from it.

But not hugely. By my calculations, at today's price of £2.57, the 4.833m shares cancelled leaves 33.282m shares in issue which, ceteris paribus, should leave the share price at ~£2.94 once the cancellation takes effect. So my decision not to take up the offer was 2% off the money (but would have been over 1% up before today's fall).

Volatile times.

I doubt it. £10 would be nice, and is possible. Any higher is unlikely. Last saw TGA price in the teens in 2022, when Richard's Bay coal was in the $2-300s.

82c adjusted earnings per share, up from 37 the year before, revenue $358m in the period, up from $298m. All well ahead of expectations.

FY 2026 guidance revenue reaffirmed @$1.13-$1.2b.

New $400m share buyback. Would prefer a divi, but so it goes.

Market seems to like it - wobbling between 2% and 8% up pre-opening in New York.

Headline earnings per share came of R63.48 rand ($3.99) in the year ended December 2025, up from R32.05 in 2024.

Earnings boosted by the 26% increase in prices for the platinum group metals basket (almost entirely in H2) as well as R5b worth of operational cost savings, which more than offset the impact of inflation and R1.7 billion in demerger-related costs.

Final dividend (in special of R20) of R43 per share (nearly $3, about £2.22).

Net cash R11.5b, up from R4.7b debt

Doesn't look good. Mostly down to a $2.3b impairment at de Beers.

Other than that (Mrs Lincoln) iron and copper are doing OK, and debt is down from $10. 6b to $8.6b, effectively all down to Valterra