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BISI Bisichi Plc

90.00
12.50 (16.13%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bisichi Plc LSE:BISI London Ordinary Share GB0001012045 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  12.50 16.13% 90.00 97,329 11:35:58
Bid Price Offer Price High Price Low Price Open Price
85.00 95.00 92.50 80.00 80.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec 95.11M 17.61M 1.6496 0.55 9.61M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:24:58 O 25,000 83.00 GBX

Bisichi (BISI) Latest News (6)

Bisichi (BISI) Discussions and Chat

Bisichi Forums and Chat

Date Time Title Posts
26/4/202423:50High coal price781
06/9/202215:21IS THIS THE LOWEST RATED COMPANY ON THE MARKET ? A P/E RATIO OF LESS THAN 3 ? 95
31/8/201815:45Bisichi Mining - Two Diverse Sources of Cashflow209
30/1/200813:38Mining minnow492
18/7/200213:27BISICHI - buyout ?8

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Bisichi (BISI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-26 17:24:5983.0025,00020,750.00O
2024-04-26 11:35:4490.0010,0009,000.00O
2024-04-26 10:55:3784.009,0007,560.00O
2024-04-26 10:33:4194.956,6006,266.70O
2024-04-26 10:30:3090.0054.50O

Bisichi (BISI) Top Chat Posts

Top Posts
Posted at 26/4/2024 09:20 by Bisichi Daily Update
Bisichi Plc is listed in the Investors, Nec sector of the London Stock Exchange with ticker BISI. The last closing price for Bisichi was 77.50p.
Bisichi currently has 10,676,839 shares in issue. The market capitalisation of Bisichi is £9,609,155.
Bisichi has a price to earnings ratio (PE ratio) of 0.55.
This morning BISI shares opened at 80p
Posted at 26/4/2024 16:58 by rimau1
Bozzy, e43. This has always been the case at Bisi, hence my caveat about buying into a lifestyle company. The directors will likely always be overpaid and offer minimal governance and communication. My compensation for this was paying 82p for a TBV of at least 4x, 5x maybe even 6x. I know West Ealing very well so happy with the investment properties and a mining portfolio of equity investments has nice tailwinds for 2024
Posted at 26/4/2024 16:52 by e43
Agree bozzy,nearly choked on my cornflakes when I saw the bonuses paid,ridiculously cheap share for a reason,
Posted at 26/4/2024 08:31 by tim000
The company is certainly very cheap in relation to its liquid assets, as you say. Without knowing the details of their investments, they seem to be competent managers and are invested in sectors with strong growth prospects. Their highest return on capital would be made by introducing a share buy back policy - possibly via a tender offer. But they won’t do that. They do however offer a decent dividend yield.
Posted at 12/4/2024 17:44 by callumross
Ridiculous price. Now trading at a quarter of net assets, most of which is investments and property.
Posted at 23/8/2023 08:20 by p@
Shares look a bit dear for Bisi to me.
Posted at 28/4/2023 11:49 by bozzy_s
Sensational set of results!

Share price would be £20 under different management.

£4.49m in director salaries + bonuses vs £1.5m in ordinary dividends and a £0.8m special dividend.

I wonder what the £12.59m in 'other investments' is? The notes simply say £6.78m in UK listed companies, £5.8m in overseas listed companies.

It's probably a good idea to use cash this way - but need to be careful where they invest. They'd want to avoid a BISI type share where management > shareholders.
Posted at 26/3/2023 13:37 by tim000
Exxaro has published its annual results. Hard to read across much to BISI. Exxaro confirms rail logistical problems for exports to RBCT, which it has ameliorated by trucking and exporting via other ports. Recent falls in export prices have made trucking less economically viable. Domestic prices have held up much better than export prices this year, which is good news for BISI obviously given that the majority of our sales are to domestic customers.

Metallurgical coal prices have recently exceeded thermal coal prices, as the latter have softened. What we don’t know is the extent to which BISI has flexibility to switch supplies from the thermal to the metallurgical market, given most of BISI’s exports are of coking coal spec (and some of its domestic sales too).
Posted at 05/1/2023 14:53 by sage of suffolk
Colonial Coal International, ticker code CAD on TSXV exchange worth a look. 695 million tons of metallurgical coal in Peace River coal district of British Columbia.
The shares are changing hands for around $1.30. Thee assets are for sale with around 10 NDA's in place. Crucially the management have done this before. (google David Austin Western Coal Walter Energy). Two other Coal transactions done in British Columbia pre Covid in 2019 @ average price of US$2.20 per ton –
These deals suggest the share price projections below are conservative as we have inflation and the price of met coal has increased since 2019. The target take out share price is around $8 / $9 and hopefully this will happen in 2023 - maybe within 6 months.

Here is the investor presentation:-


Aide Memoir:- 174.3 m shares plus 9.1m options so total 183.4 million fully diluted shares, 695 million tons of metallurgical/coking coal.
Current target / for sale value is US$2 per ton, which is the in the ground value, equates to CAD$2.54.
695m x $2.54 is $1,76Bn. Divided by 183.4m shares gives us an initial $9.60 target share price.

Do review these links:-
Posted at 30/7/2022 09:05 by tim000
Yes, LAS has property assets net of borrowing and cash with a book value of £40 mn. If you net the current mkt value of their BISI shares off the mkt value of the company, you’re left with a residual of about £4.5 mn. So you’re getting an 89% discount to the book value of their property, with all the upside to the BISI share price. There is also the West Ealing development, which is ready either to be sold or built out in-house. They have a couple of loans to refinance this year, it would help them if BISI paid a large interim dividend. I’m not sure what else BISI can do with its cash. They are almost bound to address strategic issues in their interim results. If they say they will have a dividend payout ratio of say 50% (which is not unheard of in coal mining), the BISI and LAS share prices would surely spike up violently.
Posted at 16/7/2022 10:13 by tim000
It follows that, should the BISI share price increase by say £1 on news, the fair value increase in the LAS share price is 5.2p. Anything less is an arbitrage opportunity.
Bisichi share price data is direct from the London Stock Exchange

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