Member Info for RedbullRJ

Link to ftv DT article mentioned by Daverec:

https://www.msn.com/en-gb/money/other/coal-miner-dubbed-worthless-in-net-zero-world-reports-3-000pc-increase-in-profits/ar-AA10Gcfs?ocid=spartanntp&cvid=ef97521867594c43ae10a8c64eb71ca7

Unfortunately, due today's poor standards of journalism, whoever wrote this doesn't have a clue, stating "Thungela Resources, which mines coal for power stations in South Africa, posted profits of 9.6bn ZAR" completely missing the point that almost all that profit is generating by the export sales through RBCT. It may still send a few newbies this way, just hope they don't clog up the board with the same rubbish that appears after previous releases of good news.

Presentation slides available already.

https://87399.choruscall.eu/links/thungela_files/thungela220815.pdf

Webcast starts in 4 minutes:
https://themediaframe.com/mediaframe/webcast.html?webcastid=OAqZ7UKQ

I suspect it's suggestions that the government may be considering windfall taxes on energy companies again.

Prices up nicely today, possibly helped by today's inflation figures in USA.

https://www.barchart.com/futures/quotes/LUX22/overview

Medium/longer term prices, which I think are key to value here are also predicted to stay higher for longer:

https://www.miningweekly.com/article/coals-skyrocketing-prices-could-last-years-on-russia-disruption-2022-08-10

Sadly though movements at RBCT have been a bit slow this week, I hope they can get Transnet sorted soon.

https://twitter.com/angusenergyplc/status/1556596804514373636?s=20&t=4m0E5JKvRT4J49bbxMHU-w

While waiting for the price to hopefully start its next "up" on the sawtooth, here is an interesting presentation on RBCT:

https://rbct.co.za/wp-content/uploads/2022/06/2022-Presentation-Final-Media-Brief-2.pdf

Tweet :
https://twitter.com/ContangoPlc/status/1552652637509627906?s=20&t=GlvhhGY1p1NsHr9v4BFWhw

Entain and Flutter both up strongly today but not carrying over to 888, any theories?

Eco fanatics would rather continue bashing Drax and the UK, which has made some of the biggest changes in reducing emissions, while impoverishing large swaths of this country's population in the process, than take action against the real elephant in the room; that China burns more than half of all the coal consumed in the world and that is constantly increasing, now over 12 million tons a day, and we then buy their cheap product made with cheap dirty energy!! Makes you think where a lot of these groups get their money from and what the real objective of their paymasters is??

Trenners, I find this site, that was posted on a board previously, very helpful for FTSE promotion and demotions. It's not live, but does get updated regularly atm. So bmr on current figures, we need 39p for FTSE250 promotion, though likely to change one way or other before the end of August cut off date. (For the FTSE100; 250p+, I would love to see that, but a long way to go to get there, hope this proves me wrong ££££)

http://www.stockchallenge.co.uk/ftse.php

Sorry, wrong share for that deramper, meant Aim :-)

Wait to see if effx posts and then do the opposite ??

A review of heavily-sold mid-caps has named Future FUTR1.78%, Kier Group KIE 1.69% and Rank Group (The) RNK 1.39% among stocks where 2022’s slide in market valuations appears to have gone too far.

Peel Hunt also includes Grafton Group Shs GFTU 0.90%, Impax Asset Management Group IPX0.53% and Kenmare resources KMR 0.90% after the broker’s analysts picked “six of the best” from this year’s stock market sell-off.

It believes the risks implied by the market on the six firms look excessive on a two-year view.

On Kier, the City firm regards the infrastructure services and construction business is an “incredible buying opportunity” at 71p. It notes the FTSE All-Share company has de-rated by 45% in the last year to 3.7 times 2023 earnings, despite unchanged estimates.

Analyst Andrew Nussey believes the improving quality of earnings and free cash flow remain materially undervalued, leading to a 200p target price. He added “Management is delivering, and we believe just continuing to meet expectations should drive a rerating.

“However, we see potential upside risk to 2024 estimates through organic outperformance, as well as from modest bolt-ons. The likely return to the dividend list 2024 is notable, but the strength of the free cash flow could unlock other accretive actions.”

https://www.ii.co.uk/analysis-commentary/are-these-six-fallen-mid-caps-now-good-value-ii524630

http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220712:nRSL1901Sa&default-theme=true

https://www.lse.co.uk/news/DRX/

(Sharecast News) - Electricity generators will be spared from the government's tax net, a spokesman for the Prime Minister said.

When asked whether the windfall tax on oil and gas producers' profits would be expanded to include electricity generators, the spokesman told Reuters: "We would not seek to make any new policies or major fiscal decisions. So there's no plans to do that.

"We will continue to evaluate the scale of the profits and consider appropriate steps but there's no plans to introduce or extend that to that group."

As of 1308 BST, shares of SSE were trading up by 3.22% to 1,748.0p on the back of the news, while those of Drax had shot up 8.44% to 713.0p.

I don't know how much disruption to RBCT deliveries is caused by cable theft v loco availability , but there is still a huge number of incidents of cable theft on the Transnet system. They publish figures for daily and weekly incidents (though not always reliably) on their website. Also, according to the recent article below, it has crippled coal supply to a local power station.

https://www.transnet.net/Media/Pages/Cable-Theft-Stats.aspx

https://www.miningweekly.com/article/cable-theft-disrupts-coal-deliveries-by-rail-to-majuba-power-station-2022-07-06

https://www.miningweekly.com/article/europe-imports-more-south-african-coal-as-russian-ban-looms-2022-06-15

https://twitter.com/angusenergyplc/status/1536679860034318340?s=20&t=7FJ07rY_mFRMlszVH4UamA

Hate to post anything from the ***rdian, however news on EDF and possibly Drax. Anyone have a view of whether Drax would accept keeping coal generation available in face of bad publicity against renewable credentials?

https://www.msn.com/en-gb/news/uknews/uk-close-to-deal-with-edf-to-keep-coal-fired-power-station-open/ar-AAYp5nM?ocid=spartanntp&li=AAnZ9Ug

Mining Weekly report of update:

https://www.miningweekly.com/article/increased-coal-demand-buoying-thungela-exports-but-high-costs-a-challenge-2022-06-13