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Anglo Pacific Share Chat - APF

Share Name Share Symbol Market Type Share ISIN Share Description
Anglo Pacific LSE:APF London Ordinary Share GB0006449366 ORD 2P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 +0.00% 102.50 102.25 103.75 106.00 101.75 103.00 296,831 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -42.4 -42.1 - 174.19

Anglo Pacific Bulletin Board

DateSubjectDiscuss
22/5/2015
11:32
Let's start with the Oil Minister of Saudi Arabia ( heard of them?-biggest exporter of crude in the world ). Speaking yesterday at the Paris climate change conference, Minister Ali Al- Naimi is predicting that fossil fuels will become a thing of the past by 2050. Ali Al-Naimi said yesterday they recognise that fossil fuels will be a thing of the past as renewable energies such as solar are developed. Watch the full and essential interview with him on Bloomberg. If Saudi Arabia is forecasting the end for fossil fuels by 2040 to 2050, it seems a very bleak outlook for Australian coal. If you want to continue sticking your heads in the sand, don't read the following report by the International Renewable Energy Agency about renewables:- http://www.ibtimes.co.uk/climate-change-renewable-energy-can-meet-global-demand-cut-carbon-emissions-says-irena-1466474 The cost of solar energy is plummeting. Coal is a legacy energy and experts agree that it continues on its downward spiral. ALL IMO. DYOR. QP
by quepassa on Anglo Pacific - Coal and a lot more besides.
22/5/2015
11:05
QP, you will not be missed if you go!!! Fed up with your unjustified posts which bear no reality, no truth whatsoever. You are going on and on about the harmful effects of coal. Yet the coal has now been brought forward in the modern world of supossingly "environmental pollutants" but they have now introduce filters,blockers, converters to stop the CO2 or other gasses emitting in the immediate atmosphere and the planet as a whole. Technology is progressed too and coal is changed as a fuel. No matter what you are saying countries will live,thrive,survive in using coal as the first fuel available to generate power,burn furnaces etc. It's not point shouting in here as there are more sensible and more informative people in here who know about science and economics. Meanwhile good old APF is heading up North to 150p, the next milestone. So is sour grapes for you, as you have not bought.
by christh on Anglo Pacific - Coal and a lot more besides.
22/5/2015
09:31
Hi Hay, You are sorely missed on this bulletin board. You always had so many good comments to make and valuable insights. Lovely to hear from you and hope that life is treating you well. Best wishes, QP
by quepassa on Anglo Pacific - Coal and a lot more besides.
22/5/2015
08:43
QP Your critique of APF over the last few years has been of great value. At the top of the price range you highlighted the weakness of the company. Your views have been aided & abetted by the markets in resource stocks, but at the time I was far too blinked by the record over the years I had held & failed to spot the problems of an ageing bod. I departed after @ 10yrs but still keep an eye on the situation & as ever note that they have still not monetised the CDN coal. The new bod seems to be trying to dig itself out of a hole at the moment, but life will get easier as the revenue rolls in next yr. They are active & well invested themselves which bodes well for the future. Keep up the debate in my absence. Still a good bb. Regards to all Hay
by haydock on Anglo Pacific - Coal and a lot more besides.
21/5/2015
16:43
QP, I confess to have been wrong on this one over the last year. Maybe I am still wrong, but we shall see. Obviously I should have bought more TALK which at least is going the right way ;-)
by stevie blunder on Anglo Pacific - Coal and a lot more besides.
21/5/2015
09:58
7262 - for the avoidance of doubt, I have voted your post down.
by neilyb675 on Anglo Pacific - Coal and a lot more besides.
20/5/2015
15:21
Stevie - good post, unlike that utter moron QP, who holds no stock but talks his own book.
by neilyb675 on Anglo Pacific - Coal and a lot more besides.
20/5/2015
13:13
QP, you have a point about coal, it is out of favour in rich countries, just look at how shale gas in the US has hammered the thermal coal market. However such price reductions do have the effect of improving the attractiveness of coal in developing countries like India or in Africa. A rich person who rejects coal also prices in a poor person who wants to use it.Total use is unlikely to fall. That is also the view of BP and Exon. China seems to be passing peak thermal coal use, but that is surely due to particulate and SO2 pollution rather than CO2 worries. Other countries will consider the low prices a boon and take up the slack. Gas seems to be favoured as it is abundant, clean and cheap, but technology may come to the rescue of coal. Do some googling around Advanced Ultra Supercritical Coal Power. It is looking like AUSC coal plant would not be far behind CCGT gas plant, maybe 15% or so in carbon terms. So getting back to an investment case: where will the price settle? Economic theory says that the price is set by the marginal producer, which is why it is essential to be down the cost curve. With regards to APF we have to worry about 2 distinct segments, thermal and met coal. Both of APF's coal royalty producers are well down their respective cost curves so should be able to make a profit and keep paying the royalty. However I suspect that coal prices will not return to the dizzy heights of a few years ago, just as I suspect oil prices will not make new highs any time soon. Best guess is a plateau in prices. Capitalism has worked and produced new supply in response to high prices. But the worlds population is growing and becoming urbanised so there will be steady growth in global commodities for my lifetime at least ( I would expect to check out around 2040) I see APF as a dull payer which will not cover its dividend this year but should next. Growth will have to wait. All the best SB
by stevie blunder on Anglo Pacific - Coal and a lot more besides.
20/5/2015
09:39
I LOVE COAL
by neilyb675 on Anglo Pacific - Coal and a lot more besides.
20/5/2015
09:36
Good spot about SSE closing Ferrybridge. Link to the announcement below but this caught my eye as stated in the official SSE announcement:- "Costs at the 48-year old power station have been rising due to its age and environmental legislation. and it is forecast to lose over £100m over the next five years. This financial situation, combined with THE POLITICAL CONCENSUS THAT COLE HAS A LIMITED ROLE IN THE FUTURE, means that keeping the station open is not sustainable" http://sse.com/newsandviews/allarticles/2015/05/sse-announces-closure-of-ferrybridge-power-station/ ALL IMO. DYOR. QP
by quepassa on Anglo Pacific - Coal and a lot more besides.
20/5/2015
09:04
The interview with the head of SSE on radio 4 was interesting as he specifically mentioned the CO2 taxes as driving the decision.
by rcturner2 on Anglo Pacific - Coal and a lot more besides.
20/5/2015
08:07
SSE announced today that they are closing 1 of their 2 coal fired power stations and moving to gas. Their only remaining coal fired power plant will be reviewed later this year.
by rcturner2 on Anglo Pacific - Coal and a lot more besides.
19/5/2015
13:47
chris, China's overall coal consumption is falling. Nothing to do with the price, they consumed less coal in 2014 than in 2013.
by rcturner2 on Anglo Pacific - Coal and a lot more besides.
19/5/2015
13:44
COAL, lovely stuff. Put it on your fire at home, or let the big industries use it. Essential.
by neilyb675 on Anglo Pacific - Coal and a lot more besides.
19/5/2015
13:38
Coal is not falling because the Chinese all of a sudden have become ethically conscious or interested about the planet! Its because the produce their own but still not sufficient or related to its economy. Again coal is commodity and commodities go through a cycle. China can not do without coal as their power Generators or their furnaces need to burn coal to produce the goods. Its the cheapest method for their economy to produce energy.
by christh on Anglo Pacific - Coal and a lot more besides.
19/5/2015
13:36
Good post RCTurner. Everyone has seen pictures of the filthy smog in certain Chinese cities on TV. The Chinese are indeed doing something about it, as RCT correctly points out. The other significant challenge is that seaborne coal from Australia is nowadays fundamentally absurd. Oil is burnt in cargo ships to transport coal big distances across the oceans to India? Crazy. India has vast natural supplies of coal and they are developingg their own pits. This will further decimate over time the fundamental need for Australian coal to be shipped. Australian seaborne coal is facing many perilous challenges. And APF rather than diversifying, have just doubled up their bet on Aussie coal by buying the Narrabri royalty from a domestic Australian investor who decided to pull out. ALL IMO. DYOR. QP
by quepassa on Anglo Pacific - Coal and a lot more besides.
19/5/2015
13:20
You can't vote for this post twice.
by neilyb675 on Anglo Pacific - Coal and a lot more besides.
19/5/2015
13:18
Chris, why is China's use of coal dropping then?
by rcturner2 on Anglo Pacific - Coal and a lot more besides.
19/5/2015
12:58
Man will buy the cheapest to survive or fit its budget. It will buy coal because its the cheapest source available and widely available in the planet. If you think China or India or other big industrial nations can afford to buy expensive Nuclear Generators or Solar power energy to provide enough power to supply factories,offices,houses then you are mistaken. At the end of the day cost is the main factor not the morals or ethics.
by christh on Anglo Pacific - Coal and a lot more besides.
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