Member Info for Tom78

I've been here longer than I care to remember. The dividend has been flat for 5 years barring a penny extra last year!
I think the share price performance since June took over has not been good enough, thankfully I also invested in Plus500 in 2017 at around 430p back then and this was around 500p after the huge December 2016 fall on FCA regulations.
I hope the update is positive but having been used to disappointment I will not be surprised if isn't and I feel 720p is more likely to be seen than 920p any time soon.

Another thing to keep an eye on guys is the pound is caning the rand and now at 21.43. Friday it was 20.40 so this has reduced the London listed TGA listed by about 5% in days. As SA is the main exchange if you divide that by the conversion it is usually within a few pence here. Not a lot you can do (except hold SA Thungela of course if you can).

Don’t forget that 1106 rand/tonne includes royalties which should be % based on the mineral sale price.
Lower sale price should mean less royalty paid lowering the overall cost/tonne. The biggest factor will be the mining volumes as pointed out.

Far too early to speculate on that. All will be made clear in the results in March.

Why should they? from the last trading statement:

Expectations for FY22 operating profit and capital generation unchanged

Consistent with the guidance provided at HY22, we expect to deliver resilient FY22 operating profit growth in line with the 8% delivered in H1 (£1.16bn vs £1.08bn) and FY22 capital generation of £1.8bn.

This was an unexpected bonus this morning as I wasn't expecting any news until the February results. Hopefully this will reverse some of the heavy falls we have seen recently.

It’s like the old saying bulls climb up the stairs and bears jump out of the window!

Interim results on January 26th. Buybacks are going steady right now but share price performance has been miserable and can't hold £8. Any views on the results? Just seems to be listless.

POP in the pre close update in early December it said FOB costs would be R1106 / tonne including costs

• FOB cost per export tonne excluding royalties for FY 2022 is expected to be approximately R955/tonne, which is 4% higher than the upper end of the revised guidance range of R885 to R915/tonne issued in August 2022. This is in comparison to R785/tonne for FY 2021 (on a pro forma basis3). The increase is primarily attributable to the proportionate impact of lower export saleable production, and a non-cash charge of R85/tonne relating to an increase in the environmental provisions based on revised closure estimates. Including royalties, the FOB cost per export tonne is expected to be R1,106/tonne, compared to R812/tonne in FY 2021 (on a pro forma basis3).

1106 / 17.25 = $64.1

Am I missing something?

Natural gas prices have slumped to pre Ukraine invasion prices today which is having a big effect here. Hold onto your hats.

Official close price is 1302p. Had a small buy earlier 1342p so should have waited a bit. It seems like the sudden drop coincided with the the oil price suddenly dropping, so not thungela specific.

I think high interest rates and inflation are the main worries here, Ukraine war is a side issue unwelcome nevertheless. At least the dividend has been paid, and will be invested in two pints of beer and a bag of peanuts at my meagre holding.

There is a Jackson chat board 0JKF but has little traffic. I wonder how many pru holders kept or disposed of jxn, I for one increased in it significantly. One downside is withholding tax on dividends and the £/$ is not as favourable as a few weeks ago.

The new ceo has been announced Dan Olley is to take charge. Lets hope for better times next year.

Volume bought back yesterday 63.5k which is slightly more than double the recent norm. Maybe this is just reflects the higher than normal trade volume.

Property funds often get 'gated' to prevent withdrawals due to the illiquid nature of buying and selling property. I wouldn't see how that would affect PLUS as that would be in an equity fund. Maybe we will have a major holdings RNS in the next few days.

can't see any news, maybe a large institutional seller taking profits after a good run.

20.61p per share

You would of expected a move like that from a Labour government. I suppose it will make sure people fully use their ISA allowance now while they can. Still a generous 20k including the cash element, it was only 7.2k when I started. At leat they haven’t reduced that limit (yet).

Next quarter Q2 dividend declared at 2.06p, same as the last few years. Usually the Q4 dividend is bigger so we will have to wait and see if there is any inflationary increase then.