Anglo Pacific Share Discussion Threads

[stevie blunder] 19/1/2017 15:41

To be fair most of my list were more exploration rather than real development projects

Hopefully Julian will be more careful with our money this time round

[spectoacc] 19/1/2017 15:35

Fair point, but they reckon they're particularly cheap atm.. ;)

Odds on miners making all the same mistakes all over again? Pretty high I'd say, but hopefully still early enough in the cycle.

[stevie blunder] 19/1/2017 15:15

Of course development royalties have been their Achilles heel in the past, we all remember London mining, mount Ida, the Railway deposit, Dugbe, Ring of Fire.......

[rcturner2] 19/1/2017 14:16

chris, I bought back in at 110p

[spectoacc] 19/1/2017 14:04

Agreed - regular + specials.

I think excess cash more likely to be spent on acquiring new royalties tho (or as they said in last RNS - "development royalties"). Co should ultimately be worth more if they can grow it.

[stevie blunder] 19/1/2017 13:59

RC Turner,
I think that is right. They are signalling that they want to see how coking coal prices develop in 2017 before committing to a dividend rise. By the time of the interims they will have had 2 quarters royalties and know the contract price for Q3 .
I expect a modest dividend rise, say 10%.

Actually given the volatile nature of the coking coal revenues I think they would be better served by a regular dividend complemented by special dividends if the coking price is above expected levels, that would remove the embarrassment of raising the divi only to cut it later. but WTFDIK

[christh] 19/1/2017 12:28

RCTurner2 19 Jan '17 - 11:32 - 8098 of 8098

what happenned?

you were always negative on APF ...have you seen the light?

it will rise to 150p

[rcturner2] 19/1/2017 11:32

The interim results stated H1 royalty income was £4.1m and they paid 3p of dividend.

The trading statement states full year royalty income at roughly £20m. Take off say £5m expenses is roughly 9p a share earnings, cover of 1.5 would be 6p total dividend for the year.

Final dividend of 3p then?

Anyone disagree?

[ruethewhirl] 19/1/2017 11:24

132 appears to be a sticking point

[neilyb675] 18/1/2017 13:09

Be nice if they didn't always have to issue a correction rns, FFS

[gosoftly7] 18/1/2017 11:14

I agree a great set of results and also forward looking statement - even more to come from Kestrel at contract prices of 285/ t.

A muted price reaction, which suggests the market was expecting this.

I was expecting it to be good, but not this good.

[rcturner2] 18/1/2017 07:29

Superb statement.

[christh] 02/1/2017 11:14

Stevie Blunder 2 Jan '17 - 09:45 - 8091 of 8091

holding revenue in foreign currencies especially US$ will have helped APF so
that will benefit APF and minimise burden on payouts.

Besides there are other royalties coming in this year and also the posibility
of copper, uranium,coal and other commodities price rising.

Probably in 2 years time will be rejoining the ftse 250.

fingers xxxxxxxxxxxxxx of course.

We live in a changing world.

[stevie blunder] 02/1/2017 09:45

Talking about dividends, APF need £10M cash annually to cover the 6p/share currently or about $12.5M.
At 285 USD./ton coking coal I reckon Kestrel first quarter royalties in 2017 will be about 14-16 M$ ( ~1 Million tons production, 90% on APF land ) Maybe another 2 million from Narrabri (or more depending on how much Narrabri production is PCI and how much thermal)Plus some from Uranium and Gold.

Last year there was a trading update on Q4 royalties on 28 Jan.

[hyden] 01/1/2017 16:54

We are trading XD as of last Thursday and with no resultant drop in the share price that's a welcome 3.0p / share New Year bonus. Cheers :-)

[neilyb675] 13/12/2016 12:49

Buy into weakness......111.8p was the buy recently.

[hyden] 13/12/2016 12:03

I hold the same view and I used the recent weakness as an opportunity to top up. There's money to be made here.

[bucko1066] 13/12/2016 11:40

Should be back to 130 ish by xmas thenPlus dividend 29th so looking good

[neilyb675] 13/12/2016 11:06

Anglo Pacific Group PLC ("Anglo Pacific", the "Company" or the "Group") (LSE: APF, TSX: APY), the London and Toronto listed royalty company, notes that industry sources are reporting the seaborne benchmark hard coking coal contract price for the first quarter of 2017 has settled at US$285 per tonne. This is the highest settlement price since Q4 2011 and equal to the fourth highest on record in US dollar terms. The first quarter 2017 settlement price is 43% higher than the previous quarter.



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



"The recent hard coking contract price settlements are materially above the levels we have seen in the past years and significantly higher than our previous assumptions. This should markedly improve our income and dividend cover next year.



Anglo Pacific has royalties over the sales of coking coal at the Kestrel mine in Australia where the majority of production is expected to be within the Group's private royalty land during the next twelve months. In addition, the weakness of the pound post Brexit should also improve our income figures in the first half of next year."

[ruethewhirl] 08/12/2016 18:28

A little puzzling that every other resource stock (coal included) is through the roof.

[stevie blunder] 07/12/2016 13:14

Coal prices have come off the boil
I have seen coking coal forecast prices of 175 for q1 falling to 125 later in '17
Thatsss lot when the spot market peak wax over 300
Sorry I can't find a link right now, I'm on my mobile
What we really need is another royalty acquisition at a good price

[draytonpark] 07/12/2016 11:22

No comment on this site re the fall in the Sp.Market up 1.4% today and yet Sp still falling