Member Info for RedbullRJ

"The Group has received notice from the Prudential Regulation Authority (PRA) that it has approved the Group's application for a UK Group large exposure waiver which will enable Moneybarn No.1 Limited, the Group's vehicle finance subsidiary, to access retail deposit funding via Vanquis Bank with immediate effect. Moneybarn No.1 Limited has been partially funded by the bond market historically and the large exposure waiver will allow the Group's maturities in 2023, which amount to approximately £160m, to be refinanced using retail deposits as planned."

http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221104:nRSD4018Fa&default-theme=true

With China and India burning 70% of world coal, are others finally realising that bankrupting ourselves while others are increasing output isn't a good idea? I hope so, as it'll give many more years of nice dividends here.

https://www.miningweekly.com/article/instead-of-phasing-down-coal-the-world-is-burning-more-than-ever-2022-11-04

New Tweet:
https://twitter.com/angusenergyplc/status/1588186864040566786?s=20&t=HUWrnIo3Y9vLrNqoZDL_UQ

Ticking along nicely:

02/11/2022 00:00:00 02/11/2022 System Entry Calorific Value, Saltfleetby, D+1 41.2800 03/11/2022 12:01:01 L
02/11/2022 00:00:00 02/11/2022 System Entry Energy, Saltfleetby, D+1 2030000.0000 03/11/2022 12:01:01 L
02/11/2022 00:00:00 02/11/2022 System Entry Volume, Saltfleetby, D+1 0.1772 03/11/2022 12:01:01 L

Another 2 million +

01/11/2022 00:00:00 01/11/2022 System Entry Calorific Value, Saltfleetby, D+1 41.2500 02/11/2022 12:01:01 L
01/11/2022 00:00:00 01/11/2022 System Entry Energy, Saltfleetby, D+1 2023333.0000 02/11/2022 12:01:01 L
01/11/2022 00:00:00 01/11/2022 System Entry Volume, Saltfleetby, D+1 0.1766 02/11/2022 12:01:01 L

Coal rising slightly again today. Port quiet.

https://www.barchart.com/futures/quotes/LUX22/futures-prices

https://www.marinetraffic.com/en/ais/home/centerx:32.055/centery:-28.818/zoom:14

Coal actually up for today's figures that are available atm. Expect RBCT price will follow the slight increase when available later in the day.

https://www.barchart.com/futures/quotes/LUZ22/overview

Port also been busy during the previous 2 weeks, strike currently not showing any reduction (though it must feed through eventually?! Though increased loco availability may compensate for it?)

With winter coming, lots of H2 revenue already bagged at high prices, and a good return even with current lower coal prices, still a hold for me.

New Tweet:
https://twitter.com/angusenergyplc/status/1587083044271407104?s=20&t=4rmIhpFUXdEI1Fs2c9j0vw

30/10/2022 01:00:00 30/10/2022 System Entry Volume, Saltfleetby, D+1 0.1759 31/10/2022 12:01:01 L

UK and Dutch gas prices creeping up. Today's Rotterdam and Newcastle coal prices moving in the right direction. Just need some cold weather and RBCT + TGA share price to follow them.

https://www.barchart.com/futures/quotes/NF*0/futures-prices

https://www.barchart.com/futures/quotes/NF*0/futures-prices

https://www.barchart.com/futures/quotes/LUX22/futures-prices

https://www.barchart.com/futures/quotes/LQV22/futures-prices

Some good news if they can get the extra locos running soon:

https://www.miningweekly.com/article/transnet-to-hold-off-on-loco-procurement-following-in-principle-agreements-with-crrc-e-loco-and-alstom-2022-10-25

Flow, 2nd day at nice high level:
24/10/2022 01:00:00 24/10/2022 System Entry Volume, Saltfleetby, D+1 0.1750 25/10/2022 12:01:01 L

Is the strike over? I hope so but the SATAWU's FB page would suggest other wise:

https://www.facebook.com/101790993247306/photos/a.677122382380828/5565133966912954/?__cft__[0]=AZU_-Pxq_Iqwn5gbvbV05AcdLau_-_xGUOU_Wf0P-V-6VANQXC5DbYMLgDhQi1mLzZmIV73LI8mHtvrL8th-wRSaY7In4LHmCeBHBMigUVueeBn6HZuN-SQmtHndm2KP97Bw006jxjO4YKGtQgPiGdWlB32XUH6fk3b5jAWz8dkQYDG0eFIbabLFXyD96slUKDw&__tn__=EH-R

Only UNTU agreed so far, SATAWU still striking according to this:

https://zululandobserver.co.za/275751/transnet-announces-wage-agreement-with-untu/

RonnieTK, I assume you got your quote from the TGA Divi doc, further down in that doc is this quote:

"Should dividend withholding tax be withheld at a rate of 20%, the net dividend amount
due to shareholders is 240.01464 pence per share (Pound sterling) (300.01830 pence
gross dividend per share less 60.00366 pence dividend withholding tax per share)."

So unless you are able to claim back the tax (which most can't) it should be 240.01464 pence per share tax paid. In my account the divi received, divided by the shares held (I switched most to a spread bet long to reduce tax loss to less than 4%) comes out at 240.01466, so close enough to be roundings.

https://www.thungela.com/uploads/attachments/cl6tn13spanepojufc8e8lac9-2022-interim-ordinary-cash-dividend-declaration.pdf

Transnet need to hurry up and sort this out as it will damage the SA economy through increased load shedding shutting down other industries and reduced mineral exports/taxes/royalties.

The limiting factor for for TGA has been railing capacity to the port. Stocks at the mines are no good if they can't get to the port and stocks at the port would have been sold anyway, in addition to all newly railed coal.

https://zululandobserver.co.za/lnn/1205689/watch-kzn-police-use-teargas-arrest-striking-transnet-workers/?fbclid=IwAR3A_GB7B5X5v0kCS6Hn7uXTbyCCUiRvLS_5hQygCfLhR5sxyXueCHpE5uw

Nice and stable now:

03/10/2022 01:00:00 03/10/2022 System Entry Volume, Saltfleetby, D+1 0.1536 04/10/2022 12:01:00 L

£4.50 with current forward curve and RBCT volume.
Half of it already earned.

Latest flow rate:

02/10/2022 01:00:00 02/10/2022 System Entry Volume, Saltfleetby, D+1 0.1533 03/10/2022 12:01:00 L

Latest figure:
28/09/2022 01:00:00 28/09/2022 System Entry Volume, Saltfleetby, D+1 0.1517 29/09/2022 12:01:01 L