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ATH Ath Resources

0.325
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ath Resources LSE:ATH London Ordinary Share GB00B013H730 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.325 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

ATH Resources Share Discussion Threads

Showing 576 to 600 of 800 messages
Chat Pages: 32  31  30  29  28  27  26  25  24  23  22  21  Older
DateSubjectAuthorDiscuss
05/11/2010
16:03
The problem on the finance front is likely to be that any placing would warrant a meagre share price given the langour of recent months.
spaceparallax
05/11/2010
15:56
Would be a good opportunity to raise finance and bulk up the scale..maybe get some new shareholders on board..
chrisdgb
05/11/2010
15:41
Chris, would that be wise at this point due to the debt burden that would result?
Obviously if SRG were to come calling and offer at a crazy price it might be worthwhile; otherwise, I can't help feeling that debt control is essential in current times.

spaceparallax
05/11/2010
15:33
With SRG not floating, as highlighted by Palmaris today, I would still love ATH management to try to buy the opencast coal operations...would really add to the scale of the company and enhance valuation..
chrisdgb
05/11/2010
15:18
Thanks spaceparallax.
dunluce
05/11/2010
11:53
Nice to have a 6 in front of the share price again!

Some serious buying has been going on for a few weeks now so lets hope the seller is cleared and we can move upward.

Hargreves should have got their act together

loafofbread
05/11/2010
11:41
great share price momentum today - I suspect we could well breakout. Surely few would be daft enough to sell under these circumstances?
spaceparallax
05/11/2010
10:55
Dun,

Look back a few posts, I posted a very healthy review from Growth Company Investor - this suggests a distinct imminent turnaround in fortunes from the most recent results that led to the investor discontent.

spaceparallax
05/11/2010
10:31
Looks like no stock available - price up on small trades.
semper vigilans
05/11/2010
09:54
Not looked in for a while. Any reason for the upsurge ( except of course undervalued )- Long may it continue.
dunluce
05/11/2010
09:15
Yippee, broken out - can we move above the 65p zone?
spaceparallax
05/11/2010
04:06
Mechel: Coking coal prices will rise by 20-25 pct in 2011




sont know why this is trading low?

divinausa1
04/11/2010
10:26
we're seeing a trickle of buys - slow but steady
spaceparallax
04/11/2010
10:01
very defensive spread from the mm's, suggest could get squeezy with little stock around..
chrisdgb
04/11/2010
09:09
It is, especially after the dreary situation of previous weeks.
spaceparallax
04/11/2010
08:32
nice to see more buying going through..
chrisdgb
03/11/2010
13:16
Indeed, we so often see a singificant rise of say 10-15% simply on the back of such analyst recs.
spaceparallax
03/11/2010
12:39
Nice article, thanks and looks like a top up is needed before we carry on higher..
chrisdgb
03/11/2010
12:09
Many thanks
gingerplant
03/11/2010
12:02
Report courtesy of GCI:_

"ATH Resources: light at the end of the tunnel

David Port, executive chairman and co-founder of ATH Resources, one of Britain's few remaining coal producers, is in determinedly upbeat mood as he surveys prospects from the company's Doncaster headquarters after a succession of setbacks that have slashed profits and calls on cash that have forced the AIM-quoted company to halve its dividend.

ATH, which operates open-cast mines in Scotland and the Midlands, has built up reserves to a record 8.5 million tonnes and has planning permission to start production at Netherton in the West Midlands, with reserves of four million tonnes, and Duncanziemere in Ayrshire, at costs that Port insists will be lower than those at UK Coal and aborted float candidate Scottish Resources.

Floated on AIM in 2004 at nearly three times its present 54.5p share price, ATH will also see the progressive ending over the coming year to 18 months of past long-term sale contracts with power stations, industrial users and others at well below currently buoyant market prices. 'We anticipate restoring the dividend,' comments Port, a move that will have particular significance in these low interest rate days and offers the prospect of increasing the yield on ATH shares from around 5 per cent, many times the bank base rate even after the payout cut, to more than 9 per cent.

These developments will mark a notable turnaround in the fortunes of ATH. Pre-tax profits fell 35 per cent to £5.8 million in the year to October 2009, as a 10 per cent fall in output to two million tonnes was cushioned by 13 per cent price increases on that portion of production not subject to restrictive contracts for a 1 per cent turnover gain to £77.5 million. Thereafter, conditions deteriorated markedly. Floods in Cumbria caused exceptionally wet mining conditions north of the border.

Freezing conditions and snow in January prevented transporting of the coal to market, in one instance immobilising a 12-mile overhead conveyor between one of the mines and the railhead. The company's Glenmuckloch mine ran into severe geological problems.

Unsurprisingly in the circumstances, ATH went into the red to the tune of £2.9 million in the six months to April on sales volume down 8 per cent to 776,000 tonnes and turnover reduced by 4 per cent to £34.4 million. Now, however, the picture has brightened, insists Port, and a 'rebased' ATH faces a more cheerful future, with a profit recovery on the cards in the second half.

The company looks forward to production from Netherton and Duncanziemere and the winding up of the remaining below-market 'legacy contracts'. It was the £14 million investment needed on these two projects that made ATH cut its dividend, but they should now help swell the company's reviving output and sales.

Another development that has improved the company's cash position was July's sale of its ATH Regeneration arm, which cleans up and restores disused mine sites commercially. ATH decided it could not meet the £40 million funding needed for the regeneration side's projects and sold it to RecyCoal for £6.5 million cash down, royalties over seven years capped at £8 million and a possible £2.5 million from the eventual sale of land and buildings. Port moved from non-executive to executive chairman after the sale. Alistair Black moved from head of mining to group chief executive.

Analysts reckon ATH in its new form could hoist pre-tax profits from a likely £2.5 million in 2009-10 to £4.1 million next year and £6.6 million in 2011-12 on rising turnover. Given Port's optimism about restoring the dividend, a prospective yield of 9.1 per cent has undoubted attractions.



Recommendation: Long-term buy
Ticker: ATH
Sector: Mining
Listing: AIM
Mid-price: 54.5p
Market cap: £22m "

spaceparallax
03/11/2010
11:57
SP

Love to have a read if possible.

loafofbread
03/11/2010
11:50
I'd like to see it please spaceparallax
gingerplant
03/11/2010
11:48
looking healthier already
spaceparallax
03/11/2010
11:17
Good to see some positive comments/coverage on these...I think it is fully justified and look forward to the continued recovery....stock seems to be drying up..
chrisdgb
03/11/2010
11:12
Just received a very positive Long-term Buy rec from Growth Company Investor. If anyone wants to see it let me know.

have just grabbed another 4K@56.85p on the back of it - quite likely we'll rise to above the 60p level once more.

Hope they don't have any further icing problems on the big conveyor during what's predicted to be another cold winter.

spaceparallax
Chat Pages: 32  31  30  29  28  27  26  25  24  23  22  21  Older

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