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News on the divi will come with the full year results for ye 31 December 2022, probably in March. Based on the trading update for year to end November, c£3 for the final divi is highly possible, well up on the ~93p final for 2021.
Because of the shambles in the auditing process, they can't decide on a final dividend, so it will be delayed this year.
To top it all, as they're so late in auditing, the shares are due to be suspended from Jan 3, as they'll then be in breach of FCA disclosure rules - for how long, nobody knows. The audit committee was due to meet and report in "early December": that dog didn't bark either.
Sack the chairman.
Thungela is my largest holding, so rather than add more eggs to that basket I decided to op myself down for 2000 of these just now, at £3.065. Hope they do me as well as the TGA shares have over the last 18 months.
***"The strong cash generation has resulted in a net cash position of R19.8 billion on 30 November 2022"
At around £47 million to 1 billion rand = £930 million. With 134 million shares in circulation, this makes £6.90 per share that TGA is holding in CASH right now. Are my calculations correct ?***
Mostly, I think, but there has been some dilution, in particular an extra 4.18m shares for the purchase of Zibulo, so total number of shares is, or soon will be, 138m.
Just put myself down for 33918 at 21.99p. Seems very good value in view of coal averaging $250/t or more throughout 2022. Low debt as well.
On June 3, when the share price was £57, RBC cut its forecast from £55 to £47, and got it spot on within about a fortnight - and by the end of June it was under £45, having touched £60 at the end of May.
Despite my wish for the price to continue rising, some of these people are far less "dumb"and have rather more knowledge than many bulletin board contributors.
Back over £15 again (at last). Really don't understand why it fell so far, and wishing I'd topped up more when it was down at ~£12.
Back up to all time high by year end? My calculations show an EBITDA per share of about $10 or even more at current coal price and total production of 12m tonnes pa.
The company will indeed be sold off eventually, probably when the old boys, god bless them, finally stop bed blocking/die, but there is no reason at all to believe that it will be at a premium for (the other) shareholders.
And another tranche: 8500 10 minutes ago at something slightly over 83p, bringing my average down another few p.
I think so, and added a few more yesterday at £5.75. They make stuff people want, they sell it at a (massive) profit and they're becoming even more efficient at it with the new sheds in East Anglican and the US.
I've hedged a bit, selling 2000 from my HL SIPP @ £18.2869 a couple of minutes ago. Will buy back in the morning, we'll see at what price - my main block of shares are in my ISA and held by Investec in Crest, so only attract 10% wht.
31 brokers have positions on Shell, with predictions ranging from £35 to £2. 45 (Citigroup). Hundreds of highly intelligent, highly qualified, highly paid people all looking at the same figures and coming up with answers roughly 75% different.
I'll be sticking my divi back in here next week, especially since we're now on a slightly evener playing field with European competitors.