Anglo Pacific Share Discussion Threads

[christh] 08/4/2015 07:41

No one can stop this.
Maybe will be around the current price for the short few months as it is affected
by the commodity prices and demand.
However the royalties coming from Rio Tinto and others will move to 150p-200p.
The dividend will rise to 10p gradually which will be a good return to those buying now at this price.

[quepassa] 07/4/2015 16:34

Looking very, very weak again.

Bad sign in my view that long-standing stalwart shareholder Ransomes didn't take up the Open Offer which means they were prepared to suffer significant dilution.

If you strip out the inherent declared final dividend of 4p, the share price is now under the recent 80p new issue share price.

ALL IMO> DYOR.
QP

[christh] 07/4/2015 15:54

Jimbo55 7 Apr'15 - 13:41 - 7134 of 713

yes,you heard it from the expert shorter.
You are in the wrong business.


I have bought in my ISA a few days ago, so you can shout as much as you like.

[jimbo55] 07/4/2015 13:41

I don't know who voted myself and Buywell's posts down as they are both factually correct to the best of my knowledge, but whoever is doing it is being extremely childish in my opinion. This isn't some kind of voting competition - it's investing with money you're going to be better off not losing. Voting down our posts is not going to help you recoup losses, nor is it going to affect the investment case here one jot. If you close your mind to negative facts about a company in which you're invested, you're going to end up getting taken to the cleaners in due course. Up to you to keep your mind open at the end of the day...

[buywell2] 07/4/2015 07:39

Oz likely to drop rates soon as their economy slides ... .. unchanged today but next time its down


The Australian dollar had been approaching parity with the New Zealand dollar in recent sessions, reflecting differing forces on the two major commodity-linked currencies. If the parity is breached, it would be the first time since the Australian dollar was floated in 1983.

New Zealand's economy is in large part based on agricultural products that are resilient to economic shocks. Australia, however, is seen more prone to cyclical downturns as a major exporter of natural resources such as iron ore, whose prices have fallen as China's growth has slowed.



NZ economy is NOT mainly Agro .... that is a load of tosh


Check this out


Finance, not agriculture, is New Zealand’s largest industry

Though New Zealand is commonly thought to be an agriculture-based economy, this couldn’t be further from the truth. Agriculture accounts for only 5.1 percent of New Zealand’s GDP, while the finance, insurance and business services sector is the country’s largest sector, contributing 28.8 percent to the GDP. Furthermore, banks account for 80 percent of the total assets of New Zealand’s financial system. Not only is New Zealand’s banking system dangerously exposed to the country’s property and credit bubble, but so is the entire economy.

[jimbo55] 06/4/2015 23:36

Neilyb675 and Christh.

You need to learn to read holdings RNSs guys. Their shareholding of 7,489,360 shares didn't change before or after the holdings announcement, i.e. they didn't take part in the open offer. As a result, they have dropped below the 6% and 5% thresholds. Especially given that the RNS explicitly states their holding to now be 4.41%.

Looks pretty black and white to me.

[buywell2] 06/4/2015 13:19

More weakness from China or bad USA data anyone ?

''Iron-ore prices have continued their long decline from highs of $190 a ton reached in 2011, recently hitting a 10-year low below $50 a ton.''

April 5, 2015 2:55 p.m. ET

[neilyb675] 05/4/2015 19:31

"Threshold crossed as a result of change in share capital"

From that statement they took part in the Open Offer and as a result their percent of the company grew.

[christh] 05/4/2015 18:00

Ransome's Dock Limited
Date on which issuer notified: 27 March 2015

Threshold(s) that is/are crossed or reached: (vi,vii) 5%, 6%

Number of voting rights Percentage of voting rights
------------------------------------------------- ------------------------------------------------------------
7,489,360 4.41%

They increased their holding to 6%

[buywell2] 02/4/2015 15:26

free stock charts from uk.advfn.com

[neilyb675] 26/3/2015 13:40

The Directors propose that a final dividend of 4.00p per share be paid to shareholders on August 7, 2015, to make a total dividend for the year of 8.45p per share. This dividend is subject to approval by shareholders at the AGM and has not been included as a liability in these financial statements.

The proposed final dividend for 2014 is subject to shareholder approval at the 2015 Annual General Meeting ('AGM'). The Board proposes to pay the final dividend on August 7, 2015 to shareholders on the Company's share register at the close of business on June 26, 2015. The shares will be quoted ex-dividend on the London Stock Exchange on June 25, 2015, and the Toronto Stock Exchange on June 24, 2015. At the present time the Board has resolved not to offer a scrip dividend alternative.

[neilyb675] 26/3/2015 13:39

The over-reliance on Kestrel has reinforced the need to diversify our royalty portfolio. It was, therefore, with great pleasure that we were able to announce the acquisition of the Narrabri royalty in February 2015, which is a first major step down the diversification route and will hopefully provide a springboard for further progress down that path in the months and years ahead. Increased diversification will help smooth our income flow year on year and enable us to pay maintainable and progressive dividends to our shareholders.

[neilyb675] 25/3/2015 15:40

SP gone positive.

[gavapentin] 25/3/2015 09:25

Well I sold 1/2 yesterday so it is definitely due for a big rise from here judging by my recent luck.
Looking at the results and plans, which haven’t smashed the price (today)!, I do see hope for a recovery, albeit slow.
Proof will be when the hard (increased) cash of Kestrel royalties actually starts to flow in to the company again

[stevie blunder] 25/3/2015 09:25

from the share price reaction the results, although dire, were no worse than expected.
With a little help from coal prices these could have a good run.

[topvest] 25/3/2015 09:13

Looks a good recovery prospect from here in my view.

[quepassa] 25/3/2015 09:02

Wrong yet again. You really do not know what you are talking about and have practically zero understanding of the figures.

The losses are not just due to London Mining and all factored in. That's just nonsense.

The losses were wide-spread across the portfolio. They didn't lose £47.5m on London Mining/Isua, they lost £15m.

London Mining or Isua accounted £15m of the £31.5m losses/impairments as follows:-


Isua £15.3m
Amapa £8.4m
Various for-sale equities £4.8m
Others


And there are other income/accounting/balance sheet items which push the impairment loss figures of £31.5million up to the full reported loss of £47.5million for financial year 2014.

ALL IMO. DYOR.
QP

[christh] 25/3/2015 08:32

share price will rise as more royalties are coming and contributing to thr company's revenue.
The losses were due to LONMIN so were all factored in the price more than
6 months ago.


buywell2 25 Mar'15 - 08:09 - 7117 of 7117

you are graph is one you made.It does not represent a true graph.

The price will rise to 150p by Xmas, mark my words!

[buywell2] 25/3/2015 08:09

The fall continues see my chart yesterday

Also see my chart when the share price was around 180pm and showed 82p as a likely target


Given the state of China and Japan and a worsening outlook for both their economies .... COAL and base metal prices are likely to continue to weaken



The chart is now looking to break a MAJOR support level


IF it does then the future chart bottom could be as low as 40p in my opinion


However I expect to see a lot of money thrown at it by recent buyers to try to hold it for now


dyor

[quepassa] 25/3/2015 08:02

Appalling losses in 2014 , even higher than 2013 losses of £42.5m.

Loss of £47.6m in 2014.

Basic loss per share for 2014 of 42.09pence.

ALL IMO. DYOR.
QP

[christh] 25/3/2015 07:58

Highlights
.Six producing royalties in the portfolio, including Narrabri, compared to
three producing royalties at the start of 2014
.Agreement reached with Kestrel Coal Pty Ltd, a subsidiary of Rio Tinto, to
receive quarterly forecast information from August 2014; this provides
greater visibility on the expected growth in royalty income from Kestrel
.Portfolio diversification achieved through the acquisition of Maracás, a
producing royalty in Brazil in June 2014
.Royalty income of £3.5 million (2013: £14.7 million); impacted by majority of
mining at Kestrel occurring outside of Anglo Pacific owned land
.Loss for the year of £47.6 million (2013: £42.5 million) following impairment
charges of £31.5 million (2013: £34.6 million)
.Adjusted loss of £2.8 million (2013: profit of £9.2 million) which excludes
non-cash valuation and impairment items
.Net cash of £8.7 million generated from non-core asset disposals in 2014,
lessening the impact of lower royalty income
.Cash balance of £8.8 million as at December 31, 2014 (£15.7 million as at
December 31, 2013)
.Recommended final dividend of 4p per share, total dividend for 2014 of 8.45p
(2013: 10.2p). Longer term progressive dividend policy of at least 65% of
adjusted earnings. Expectation in the medium term is a minimum total of 8p per
share dividend per annum
.Additional mining and financial expertise added to the Board throughout 2014

Recent developments
.Continued diversification of royalty portfolio with the US$65.0 million
acquisition of the Narrabri royalty in March 2015
.$30.0 million three-year revolving credit facility entered into as part of the
Narrabri acquisition, refinancing the previous $15.0 million shorter term
facility
.Increased royalty income at Kestrel expected in 2015: 20-25% mining from Anglo
Pacific owned land in H1 2015 and 70-75% in H2 2015, but still below the
ultimate run-rate of greater than 90% expected from 2017
.Coking coal price settlement for Q2 2015 of US$110/mt and thermal coal price
settlement for the year to March 31, 2016 of US$70/mt. The higher than
expected thermal coal price settlement is positive for both the Kestrel and
Narrabri royalties. We continue to expect a recovery in both coking coal and
thermal coal prices over the medium to long term
.Appointment of Macquarie Bank and Peel Hunt as joint brokers to work alongside
BMO

[christh] 25/3/2015 07:54

QuePassa 25 Mar'15 - 07:47 - 7113 of 7113
Horrific 2014 losses.

-------------------------------------------------

All in the price
That was the collapse of LONMIN.

The main points are 6 royalties are paying since 2014.

[quepassa] 25/3/2015 07:47

Horrific 2014 losses.

ALL IMO. DYOR.
QP