Anglo Pacific Share Discussion Threads

[neilyb675] 15/10/2015 14:50

Mr Market sees the update as positive, hence the upward share price movement.

[danieldruff2] 15/10/2015 12:42

They said in an RNS a while ago that 8p was a medium term goal... has everybody forgotten that...?

[eastwind] 15/10/2015 12:30

What is the expected royalty income this year? The first half was only £3.8M. If it wants to pay 8p/share, or 13.6M, the second half Royalty has to be over £10M if tax is to be deducted.

[quepassa] 15/10/2015 11:17

The silence is deafening.

I take that as a collective and resounding "no", then.





The craziness of the coal markets is astounding.

At a time when the market is oversupplied with coal and the anti-CO2 lobbies are gaining in strength by the hour, the government of Australia has a few hours ago just announced approval for a new $16.5billion coal mine in Queensland which will be one of the biggest coal mines in the world.

Good timing Australia! Just before the Paris Climate Change conference. Wonder why that is.

The mine is the Adani Carmichael mine which is primarily intended to supply India. It will be the largest coal mine in Australia. Production scheduled to start in 2017 and extracting 60million tonnes of coal pa by a new rail line to Abbot Point port, near Bowen

Yes, yes, I know that you will all jump up and say that this proves that Asia will need and use coal.

Actually, it proves nothing.

It will mean that given the size of this enormous new mine, it will be able to supply the flattening demand for coal at a likely cheaper price than other Australian competitors and will, in my view, further stress and stretch the viability and profitability of the existing panoply of other Australian coal mines.

This is not good news for other coal mines in Australia.


ALL IMO. DYOR.
QP

[quepassa] 15/10/2015 08:43

Talking about volume is totally irrelevant without talking about price.

There is a gulf in my opinion between the very positive spin which they put on their announcements and the hard financial results where in recent times they have been consistently loss-making.

The question for the floor is the following:-

APF have around 170m shares in issue. Their stated dividend policy is 8p.

Does anyone believe they can cover the £13.6million payment from income and profits in the current year?




ALL IMO. DYOR.
QP

[christh] 15/10/2015 08:30

ignorant people in here, they can not read....



Saleable coal production for the quarter was 1.6 Mt, with coal sales of 1.6 Mt. The sale of coal inventories resulted in coal sales exceeding ROM coal production.

Anglo Pacific acquired the royalty on March 11, 2015 and is entitled to royalty income over 100% of sales from the Narrabri Mine from January 1, 2015.



Julian Treger, Chief Executive Officer of Anglo Pacific, commented:

"We are pleased to see Whitehaven achieve coal sales in excess of coal production during the past quarter. As a result, we would expect total Narrabri fiscal year 2016 coal sales to exceed saleable coal levels implied by Whitehaven's Narrabri ROM coal production guidance of 6.6 Mt to 6.8 Mt."

[rcturner2] 15/10/2015 08:25

Do you mean 7626?

One of us has been running a second account since 2000 on the off chance we might need it? Is that what you think?

[djgrantb] 15/10/2015 08:20

Que passa hombre/RC Turner, so with your last comment any sense of credibility evaporated

[spectoacc] 15/10/2015 08:18

Lol, loving the highlighting - personally I'd have highlighted:

"Run of Mine ("ROM") coal production for the quarter was 1.0 Mt, down 52% compared to 2.1 Mt in the quarter ended September 30, 2014"

They only bought it in March - doubling down on coal (Kestrel in Oz at whim of RIO) doesn't seem too sensible. Maybe it will in the fullness of time.

[rcturner2] 15/10/2015 08:00

So basically a profit warning.

[christh] 15/10/2015 07:53

Anglo Pacific Group
Narrabri Royalty Update
RNS Number : 3427C
Anglo Pacific Group PLC
15 October 2015

News Release
October 15, 2015

Anglo Pacific Group PLC

Royalty Update: Narrabri

Anglo Pacific Group PLC ("Anglo Pacific", or the "Company") (LSE: APF, TSX: APY), the London and Toronto listed royalty company, is pleased to provide an update on its Narrabri royalty. This follows the release of the Whitehaven Coal Limited ("Whitehaven") (ASX: WHC) September quarterly production report on October 15, 2015.
Whitehaven announced that a planned longwall changeout was successfully completed at Narrabri during the quarter. Run of Mine ("ROM") coal production for the quarter was 1.0 Mt, down 52% compared to 2.1 Mt in the quarter ended September 30, 2014. Narrabri production was impacted by the scheduled longwall changeout, therefore quarterly production is not fully comparable with the same quarter of the previous year, during which no longwall changeout occurred.

Saleable coal production for the quarter was 1.6 Mt, with coal sales of 1.6 Mt. The sale of coal inventories resulted in coal sales exceeding ROM coal production.

Anglo Pacific acquired the royalty on March 11, 2015 and is entitled to royalty income over 100% of sales from the Narrabri Mine from January 1, 2015.



Julian Treger, Chief Executive Officer of Anglo Pacific, commented:

"We are pleased to see Whitehaven achieve coal sales in excess of coal production during the past quarter. As a result, we would expect total Narrabri fiscal year 2016 coal sales to exceed saleable coal levels implied by Whitehaven's Narrabri ROM coal production guidance of 6.6 Mt to 6.8 Mt."

[buywell3] 14/10/2015 23:34

buywell3 - 07 Sep 2015 - 11:40:50 - 7549 of 7623
I think recent buyers have been very brave going V the market and commodities

I repeat

The chart is hanging in there , but there is a big chance it could slide to the downside on more bad news from China


macd looks ready to fall

[rcturner2] 14/10/2015 16:51

Once 80p went this would always be very weak. My guess is that the placing shares are now being dumped, probably a big wedge dropped the share price today first thing.

[rcturner2] 14/10/2015 14:37

Buy shares in good sector, good company, good price.

APF fails on the first two.

Avoid.

[zoolook] 14/10/2015 14:25

QP - What price would you buy back in at if any?

[soi] 14/10/2015 12:07

Hi

Bought more at 74.

Shame have other tranches bought at higher.

It is not looking good at the moment,

[rcturner2] 14/10/2015 10:50

CWA, this company is a bet on Australian coal, that is a very risky place to be right now.

[cwa1] 14/10/2015 10:46

Well that 76p handful was too early :-(

[quepassa] 14/10/2015 09:58

Now showing 73.5p bid on my screen

I wonder to myself whether stop-losses are being triggered which will increase downwards pressure and also wonder to myself whether this will go sub 70p bid today or sometime soon.


ALL IMO. DYOR.
QP

[cwa1] 14/10/2015 09:32

Taken a handful at 76p

[quepassa] 14/10/2015 09:30

My screen now showing 75p bid.

ALL IMO. DYOR.
QP

[gwr7] 12/10/2015 09:14

Obama is keen on change but the Republicans have his hands tied. The man is impotent as evidenced by his constant and thoroughly justified though ineffectual bleating about their gun laws.

[quepassa] 09/10/2015 18:26

Obama not keen on change?


ALL IMO. DYOR.
QP

[rcturner2] 09/10/2015 14:53

Yet oddly the Chinese seem very keen on green energy and are ploughing more money into it than anyone.

[gwr7] 09/10/2015 14:43

Anyone thinking the lights are going to be switched off after this Paris meeting is a simpleton. We've seen it all before and the Americans just aren't that interested in changing anything so are in no position to dictate to anyone else on climate change.