Anglo Pacific Share Discussion Threads

[quepassa] 12/6/2015 05:24

Bravo!
The use of conjunctions at the beginning of a sentence is widely considered nowadays as being grammatically acceptable.
Certain people don't understand how language, whether in written or oral form, together with grammar, punctuation and new written styles change and evolve as new influences impact upon language.
QP

[jeffian] 12/6/2015 00:28

As a student of literature, I would say that it is a valid device to ditch strict grammatical rules for dramatic effect or to make a point.

And you can put that in your pipe and smoke it.

8-)

[quepassa] 11/6/2015 21:11

OK . I have changed it and repeat below

I can't think of a more germane bulletin board on which to discuss the total fall from grace of coal and the growing impact of the anti CO2 movement against coal as a commodity, as an investment and coal-related companies.

One doesn't need to be invested in a certain share to follow its fortunes. Yet as a former investor, I find this a very interesting share to follow.

So shall continue to do so.

ALL IMO. DYOR.
QP

[neilyb675] 11/6/2015 16:49

Educated people will never begin a sentence with "But".

I am truly saddened at what I have witnessed today.

[quepassa] 11/6/2015 16:28

Just for you, I have changed it and repeat below:-


I can't think of a more germane bulletin board on which to discuss the total fall from grace of coal and the growing impact of the anti CO2 movement against coal as a commodity, as an investment and coal-related companies.

One doesn't need to be invested in a certain share to follow its fortunes. And as a former investor, I find this a very interesting share to follow.

But shall continue to do so.

ALL IMO. DYOR.
QP

[neilyb675] 11/6/2015 15:59

Please don't start a sentence with "And". It's completely against what most educated people will be accustomed to.

Neilyb675

[quepassa] 11/6/2015 15:25

I can't think of a more germane bulletin board on which to discuss the total fall from grace of coal and the growing impact of the anti CO2 movement against coal as a commodity, as an investment and coal-related companies.

One doesn't need to be invested in a certain share to follow its fortunes. And as a former investor, I find this a very interesting share to follow.

And shall continue to do so.

ALL IMO. DYOR.
QP

[weeeck] 11/6/2015 15:20

You can argue all you like about the ethics of burning coal. The fact is that it is the cheapest means currently available to generate electricity. Despite what politicians and the politically correct press spout third world and even second world countries will inevitably opt for the cheapest option.

[neilyb675] 11/6/2015 15:10

hated ???!!

Move away from the mirror Drama Queen. You have no investment here, you intend to make no investment here and yet you spend more time here than most who are invested or intend to become invested. You are a very odd and IMVHPO mentally ill person. Seek help now.

[quepassa] 11/6/2015 14:58

Coal has fast become the most hated of all commodities due to its appalling CO2 emissions. - No wonder that businesses, politicians, investors, The Church are increasingly shunning it.

Still no release of those Kestrel production figures.

I didn't really understand the reason given for the recent departure of the Chief Investment Office which was to concentrate on asset management. Wasn't that effectively his job here at APF to make investment decisions and to manage the assets of the Company?

Meteorologists are forecasting that this year's current El Nino event is going to be the strongest since records began. Mainly impacting on Asia, America and Australia. The appalling and unprecedented floods in Texas which we saw on TV recently have already been partly attributed to the current El Nino.

It will be interesting to see if Queensland, Australia is impacted. Let's hope not for all concerned but it is known to be an area which is directly affected in El Nino years.

Many say El Nino years are a direct result of global warming. If this is forecast as the strongest on record and extreme weather wreaks havoc across the Continents, it will be a further challenge to the already negative outlook for coal.

ALL IMO. DYOR.
QP

[rcturner2] 11/6/2015 10:25

No they are not. Very large investors are selling out of coal assets.

[weeeck] 11/6/2015 10:21

The only events that I have heard are all just hot air by the evangelist global warming brigade. There is a lots of TALK about phasing out coal but there is still a huge programme of coal burning power station building going ahead.

[rcturner2] 11/6/2015 10:17

That analysis is six months old and has been overtaken by events.

[weeeck] 11/6/2015 10:13

It all depends who you believe.





International Energy Agency‌ > Newsroom & events > Press Releases & News > Press Releases > 2014 > December
Global coal demand to reach 9 billion tonnes per year by 2019

MT_Coal_MR_2014_cover_web
IEA report says despite decarbonisation push, China will not see 'peak coal' during outlook period

15 December 2014 Paris

Global demand for coal over the next five years will continue marching higher, breaking the 9-billion-tonne level by 2019, the International Energy Agency (IEA) said in its annual Medium-Term Coal Market Report released today. The report notes that despite China's efforts to moderate its coal consumption, it will still account for three-fifths of demand growth during the outlook period. Moreover, China will be joined by India, ASEAN countries and other countries in Asia as the main engines of growth in coal consumption, offsetting declines in Europe and the United States.

“We have heard many pledges and policies aimed at mitigating climate change, but over the next five years they will mostly fail to arrest the growth in coal demand,” IEA Executive Director Maria van der Hoeven said at the launch of the book. “Although the contribution that coal makes to energy security and access to energy is undeniable, I must emphasise once again that coal use in its current form is simply unsustainable. For this to change, we need to radically accelerate deployment of carbon capture and sequestration.”

The Executive Director also called for more investment in high-efficiency coal-fired power plants, especially in emerging economies. "New plants are being built, in an arc running from South Africa to Southeast Asia, but too many of these are based on decades-old technology," she said. "Regrettably, they will be burning coal inefficiently for many years to come."

Global coal demand growth has been slowing in recent years, and the report sees that trend continuing. Coal demand will grow at an average rate of 2.1% per year through 2019, the report said. This compares to the 2013 report's forecast of 2.3% for the five years through 2018 and the actual growth rate of 3.3% per year between 2010 and 2013.

As has been the case for more than a decade, the fate of the global coal market will be determined by China. The world's biggest coal user, producer and importer has embarked on a campaign to diversify its energy supply and reduce its energy intensity, and the resulting increase in gas, nuclear and renewables will be staggering. However, the IEA report shows that despite these efforts, and under normal macroeconomic circumstances, Chinese coal consumption will not peak during the five-year outlook period.

The report's forecasts come with considerable uncertainties, especially regarding the prospect of new policies affecting coal. Authorities in China as well as in key markets like Indonesia, Korea, Germany and India, have announced policy changes that could sharply affect coal market fundamentals. The possibility of these policy changes becoming reality is compounding uncertainty resulting from the current economic climate.

The issue of low prices remains a hot topic among coal market participants. Last year's report emphasised that many coal producers were running at losses, largely driven by take-or-pay infrastructure contracts or financial liabilities. Coal prices have declined even more since last year, but several factors have helped producers withstand further economic pain.

"Our analysis shows that the price floor provided by production costs has decreased significantly, not only because producers reduced costs by gaining economies of scale, better management and budget discipline, but also due to external factors," said Keisuke Sadamori, Director for Energy Markets and Security. "Depreciation of local currencies in the main exporting countries has been significant and low oil prices also help, as oil represents a significant share of coal costs, especially in open-pit operations."

Coal use in OECD member countries is projected to decline in the outlook period, as growth in Turkey, Korea and Japan fails to offset declines in Europe and America. In the United States, retirement of coal capacity and competition from shale gas will lead to a 1.7% decline per year on average during the forecast period. Australia is set to account for the largest growth in exports as Indonesia, driven by higher domestic demand and government policies, slows shipments abroad.

Medium-Term Coal Market Report 2014 is part of an annual series whose other outlooks address oil, gas and renewables. The series also features a report on the market for energy efficiency.

Medium-Term Coal Market Report 2014 can be purchased at the IEA bookshop. Journalists who would like more information or a complimentary copy should contact [e-mail].

Download the following resources:

The report's Executive Summary
A factsheet
IEA Executive Director Maria van der Hoeven's speech at the launch
Director of Energy Markets and Security Keisuke Sadamori's presentation at the launch
About the IEA

The International Energy Agency is an autonomous organisation that works to ensure reliable, affordable and clean energy for its 29 member countries and beyond. Founded in response to the 1973/4 oil crisis, the IEA's initial role was to help countries co-ordinate a collective response to major disruptions in oil supply. While this remains a key aspect of its work, the IEA has evolved and expanded. It is at the heart of global dialogue on energy, providing authoritative research, statistics, analysis and recommendations.

Photo: © GraphicObsession

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[rcturner2] 11/6/2015 09:56

I think it is clear that APF have made a bad long term mistake focusing on coal so strongly.

[quepassa] 04/6/2015 11:01

Front Page Markets Section of FT today.

Their Lead Article is headed: " Ikea pledges Euro 1 billion to clean energy and climate action "


The Company itself will spend Euro600m on wind power/solar and its charitable arm, The Ikea Foundation will spend Euro400m helping people in regions most affected by global warming.

Ikea is urging other businesses to follow their initiative.

The FT article contains the following quote from Steve Howard, Chief Sustainability Officer of Ikea " If every business and organisation did what we did, we would flip electricity generation into being renewable-based by 2020 or shortly thereafter".

Now we have commercial businesses which are committed to the climate change movement. For the world's largest supplier/retailer of flat-pack furniture to make such an enormous financial commitment adds further weight to the steadily increasing mass of that anti-CO2 snowball which seems to be picking up more and more momentum.

ALL IMO. DYOR.
QP

[nashwan123] 04/6/2015 10:25

GLNCY (Glencore) have just made RNS to cut coal production part of which reads:

"Both thermal coal, burned to generate electricity, and coking coal, used to make steel, are languishing due to oversupply caused by too many new projects coming on stream amid slowing demand, particularly from China. Glencore is the world's biggest thermal-coal exporter, and also produces coking coal. "

[quepassa] 04/6/2015 06:26

"Axa to ditch €500m of coal holdings in 2015"

Another globally reputed investor shunning coal .

and

"
The biggest institutional investor to shun coal stocks, Axa also plans to sink €3 billion into low carbon sectors by 2020.

Henri de Castries, the company’s chief executive, revealed the move at Climate Week Paris and encouraged others to follow.

“The facts are undeniable. If we think we can live in a world where temperatures would have increased by more than 2C we’re just fooling ourselves,” he said."


All according to RTCC - Organisation for Responding to Climate Change.

See full article here:-



Once you've read the article, hit the Homepage tab of RTCC and you will see just how seriously - after decades of dilly-dallying over the matter- that countries, companies, investors and global leaders are taking climate change increasingly seriously.


ALL IMO> DYOR.
QP

[haywards26] 02/6/2015 22:57

Did anyone notice the Premier Oil RNS this morning? They entered into a transaction to buy out their partners on an oilfield using financing and giving a royalty to Flowstream, the entity that Anglo are an investor of....but little is known about potential returns to APF of this investment...

[nashwan123] 01/6/2015 19:21

Looks to be tilting in favour of upward momentum but very slowly. Noting royalty income of GBP2.3 million in Q1 2015 (Q4 2014: GBP0.5 million, FY 2014: GBP3.5 million)but only GBP1.7 million in cash. BOD trying to rebalance the revenue stream away from relying on Kestor yet to be achieved. Also resignation of Mark Potter leaves a niggling gap. However the yield if it can be maintained makes APF look somewhat undervalued. A mixed bag and maybe better value elsewhere until royalties and cash improve.

[rcturner2] 01/6/2015 13:41

nashwan, go back through the thread, there has a been a good discussion about the pros and cons of APF.

[nashwan123] 01/6/2015 11:20

Just looked in here today after someone suggested a good dividend tobeE had. Tempted but noticed losses for last 2 years are over £40M and hence share price decline.
Is there any sense from regulars that this trend will be reversed in 2015?

[neilyb675] 01/6/2015 10:02

On May 28, 2015, Kings Chapel International Limited, in which Mr. Treger has a beneficial interest, acquired 50,000 ordinary shares of 2 pence each in the Company ("Shares") via his pension fund, at a price of £0.95 per Share. The transaction took place on the London Stock Exchange.



Following this notification, the total beneficial holding of Shares by Mr. Treger and his connected persons is now 5,461,454 shares, representing 3.21% of the issued ordinary share capital of the Company.
_______________________________________

that's a hefty holding !!!