Coal back to April highs in Rotterdam and Newcastle today and 2, 3, 4 year + prices considerably higher than then. Share price is still lower than then, even accounting for the ex-dividend and 3+ more weeks of high profit sales in the bank @ current profit £40+ M/week, 29p+/share/week?
Anyone have any success with the withholding tax reclaim?
No, not yet and dates are different in UK and SA. From TGA RNS:
The salient dates pertaining to the cash dividend are as follows: JSE LSE
Last day for trading to qualify and participate in the dividend Tuesday, 3 May 2022 Wednesday, 4 May 2022
Trading ex-dividend commences Wednesday 4 May 2022 Thursday, 5 May 2022
Record date Friday, 6 May 2022 Friday, 6 May 2022
Payment date to shareholders Monday, 9 May 2022 Monday, 23 May 2022
and also FYI: No transfers of shareholdings to and from South Africa or the United Kingdom will be permitted between Tuesday, 3 May 2022 and Friday, 6 May 2022 (both dates inclusive). Share certificates may not be dematerialised or rematerialised between Wednesday, 4 May 2022 and Friday, 6 May 2022, both dates inclusive.
Also RBCT has had 4 ships at the loading quay all the time recently, as soon as one leaves another is along side within a few hours, so the coal going on to them must be getting through on the railway.
I've always believed that the high coal prices are unsustainable ((if they were we would be at £40+), the sad situation in Ukraine has helped raise them back to levels I didn't think were possible a couple of months ago, however if China does mange to raise its production, it will take time and they currently still have an expanding demand. So with the current sky high prices, c.£200m profit a month and new demand from those boycotting Russia, I am still a confident holder and await an even bigger dividend/buyback? later this year.
Biggest ship I can remember docking at RBCT today, 203200 DWT and good to see the port busy over the last few days after the rains:
That's great news and very helpful info Tiger. By coincidence I secure messaged HL earlier today to ask them to claim back the 10%, and hopefully with your trail blazing, they should sort it with out being difficult :-)
RE: Someone paid 1386p after hours!!!.....20 Apr 2022 10:06
Another "interesting" trade: 19-Apr-22 09:39:36 1,327.00 1,764,803 Unknown* 1,287.00 1,290.00 23m O
With the coal price where it is, the Rotterdam Coal price up again this morning, and the situation with Russia unlikely to return to normal anytime soon, I'm still holding tenaciously, despite all these swings in the share price.
Richt, very true, which is why TGA is such a large part of my portfolio, but there are limits to my risk, if a ship ran aground and blocked RBCT or the railway line had a landslide or any other freak event stopped exports, with only one trick, this dream could soon become a nightmare and even the Oracle made mistakes; Tesco?
Having been in from the start, investing further since the demerger and the terrible the events in Ukraine turbo charging the coal price, has resulted in TGA becoming by far my biggest holding.
It's getting a bit worrying, despite my confidence in TGA, that being a "single geography single commodity" company reliant on a single rail connection, is a risk too far for the % of my portfolio, so I am looking to diversify some of the profit. I have just seen an article in the Mining Weekly feed, which I and others often share, and it has bought CGO to my attention. Is anyone else here invested and have any insight or suggestion of similar companies? Initial investigation appears to show it is about to turn the corner, but isn't that always the case with small miners and oilers?