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Nice 3% rise today, market thinks Mobileye demerger will make people think about the sum of the parts of Intel being much more than the whole. Plus near 3% divi. Held over 10 years, decent if unspectacular 120% rise in that time.
I can't believe that we're not absolutely swimming in money if, over 6 months, we've sold 6-7m tonnes of coal at an average price of (possibly well) over $150 and FOB cost of €56, which I make a profit of $600m+ (= first divi of ~£1.35/share).
Cleverer people than I have done the same sums and come up with a completely different answer, otherwise the share price would be well north of here, well north of the £5 it briefly almost hit in September.
So I'm assuming there must be something very nasty in Monday's wood pile, unless the market is missing something that is blindingly obvious to me, which seems unlikely.
We'll see.
Another ~4.5m shares bought back in November, mostly around the £27-28 mark. Must be about half way through that first $1b of buybacks, and mostly at the current relatively soft price. Will do no harm at all to next year's eps.
FY 21 very strong, beating consensus on eps and revenue, with guidance also up for Q1 of 22. 13% up yoy for Personal Systems, at $11.8b. Aggressive sharbuybacks reached 8% of marcap in the last 6 months, with a further $4b pending.
Market likes the figures, up 10% today, and rising. Over 50% up yoy, and still paying 3% divi. Very nice.
Thungela is still selling coal. It still costs Thungela about £40 (say $56)/ton to produce coal and get it on a ship. Anything else is profit.
There were stonking profits in the iterims to June when coal was around heading up to $130. Anything over $60-$70 a ton and we're making money. Anything over $100 and we're creaming it - especially those of us who bought in at mostly under £2 a share. Enjoy the ride.
@tedmack take no notice of Gertfrobe s/he is a bitter former Sirius investor who didn't have the sense to jump to AAL at the take-over and now tries desperately to find anything that makes Anglo look bad. Those of us who did have the sense to jump have made up their Sirius losses and then some (and then a lot if, like you and me, they dived into TGA as well).