Member Info for rylidan

Several other 100k and 150k buys going through.

Looks like someone has confidence with a 500k buy!

Interims by 30th sept is what it says on their Web site. Then Q3 production report mid Oct.

You are ignoring the chemical business. You don't know the numbers there.
I REPEAT "the company stated in July they are still on track to meet their financial targets".
Enough please, let's wait for the results instead of speculating on little info.

I was only stating what the company said in their last update, which I assume is the truth, more than your posts here! The house broker has stated 2.3p EPS this year. Wait for the full year to see if they get there. The company seem confident they will.

Can't see a downturn in the UK. Yields are already high. 75% of ING customers are currently long on the FTSE 100

Not just that the fundamentals and so strong. 10% yield at coal price of $80. At the current share price. We all know that coal price likely to be a lot higher for the foreseeable, so do your own yield maths. 7% of my p/f is now in here and will show great long term rewards IMO.

It's a re-rate, based on 6 months results. That is also my opinion.

From the half year results, the average realised export price in H1 was 1105 Rand, around £55 / Mt

Since the start of July the price has just risen and risen. Even using the long term view to 2025, the profit will be HUGE. The next 12 months are forecast to be STONKING.

From the 4th August broker rating

"The problem here is that a third of the world’s power-generating capacity is coal-fired. It will take decades to switch power sources for these economies. Until the Age of Coal passes, expect product prices to remain buoyant, given how total supply is already shrinking on a lack of funding.”

That is the crux of why I've invested here for the long term and what I expect to be outstanding dividends going forward. Low cost supplier and a solid asset base.

Thanks LL. Very useful. I'm of the opinion that higher coal prices will be here for some time because of the growing energy need from business. No crystal ball though, sadly. Even if they stay somewhere around here it's jackpot time. The current prices just are not factored into the share price at all..... yet.

I guess coal isn't the sexiest of investments! However, its a dirty job but someone's got to do it, otherwise our electric cars, electric heating, electric lights, etc etc won't work! There's just not enough clean energy in the world and there won't be for a long time yet.
That's if we don't all get burnt to a frazzle by global warming......

Checked the interim, again!
So if we perform in H2 exactly the same as H1 we get a dividend of at least 32p, or a yield of 10% on current share price.

HOWEVER, we know July and August have been stonking months for the coal price, and this is forecast to stay very high, well into the next FY. Add on increased production in H2 due to less rain events on average, and a full year dividend in excess of £1 must be likely. I think that is conservative too. Please DYOR.

I would also like to see a share buy back programme in place with some of the remaining 70% of adjusted free cash.

The July update said we were on track to meet the full year guidance. That was EPS of 2.3p, putting Iofina on a PE of only 5!! Next year guidance is for 3.2p EPS.

Seems like we are just suffering from news deficiency here. Half year results in a few weeks that should confirm guidance again.

Broken your trend? Now on the up?

From trading economics "Coal futures traded around $175 per metric ton, the highest on record, amid soaring electricity demand, infrastructure woes and a surge in global gas prices"

Could not resist another top up, albeit averaging up again... now sits at number 3 in my portfolio in terms of holding size. Hopefully retiring next year and the dividends here will be really useful.

I have no intention of selling any around this price. We could easily do another 10% hike at any time.

Yes, coal prices now pushing past recent highs. Would be happy to see lower volumes, both on the chat and the share, and a slow tick up, instead of the day traders feeding in the morning and cr****g in the afternoon.

If you look at profit last year, and the coal price when the float was put together, probably early 2021, then we are a million miles from there. Now hugely profitable with a very large cash balance, that is going. Would not be surprised to find we own 75% of the mcap in cash!

An interesting but risky approach IMO. I understand your enthusiasm here, and share it. If I can get a 10% uplift in my portfolio for a 5% risk (which is what I expect) I'll be happy.
Good luck with your approach tho, and I'll be very happy if you make a huge profit!