Member Info for picstloup

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

6% increase in both adjusted earnings and dividends. The company achieved a record £99 million in new contracted rent commitments.

CEO very bullish on Today just now about pipeline of data centres

Rio Tinto on Thursday said profit declined in 2025 despite higher revenue, as rising operating and finance costs weighed on performance.

Pretax profit down 6.7% to $14.6b in the year ended December 31 from $15.6b the previous year.

Diluted earnings per share declined 14% to 608.4 US cents from 707.2 C.

Final dividend for the year up by 13% to 254 c from 225 c, leaving full-year dividend unchanged at 402 c.

I liked that adjusted book value per share is $155, up from $150, the record Institutional sales of $3.5b (up 77%), which have a higher margin than most other earnings, and the "total adjusted capital" of $5.5b at year end.

Still don't quite understand how the "excellent" figures translate into a full year loss of $17m, compared to the previous year's profit of $902m.

But the market likes it so far, and hopefully tomorrow we'll pass the all time high of $123.61, especially if the earnings conference call goes well.