||EPS - Basic
||Market Cap (m)
|garykc: Or maybe its Best Piggies turn for some cash. Wilson Piggy had his pay day many years ago if you remember.................."but I did nothing wrong selling all my shares at the peak share price before announcing a massive share dilution............."|
|p@: xow-The warrants issued to Atrum are at 0.2c per ATC share,so I think 0.4p is over enthusiastic,but I hope you are right.|
|marmar80: Well If we were trading the share price would hit the sky now|
|vatnabrekk: browngirl and all: The matched bargain share price of 0.095p being quoted is not a real SP, it is simply the price shown by the markets when the shares were suspended 'way back. This price is not at all representative of the value of the company - do not sell at this price or you will have been shafted. It is simply a try-on in the hope that private investors don't know what is going on.
My understanding is that shares in this company will be re-listed perhaps towards the end of this year, on the USA market (not AIM). I will wait to see what value pops out then, unless I get a decent offer from someone before then.
For me, a decent offer would be 0.3p or higher. That's double what I paid for them and I reckon they owe me AT LEAST that much profit for all the heartache that they have caused me.|
|marmar80: Yeah, but are the news going to have any impact on the share price?|
|p@: Shareholders should note that pursuant to AIM Rule 41, a cancellation of the admission of the Company's ordinary shares to trading on AIM via the approval of shareholders ("Cancellation") will require the securing of a resolution of shareholders passed by a requisite majority, being not less than 75% of the votes cast by shareholders (in person or by proxy) at a general meeting. Such a Cancellation pursuant to AIM Rule 41 can only take place after the expiration of a period of twenty business days from the date on which formal notice of the Cancellation is given. In addition, a period of at least five business days following the shareholder approval of the Cancellation is required before the Cancellation may be put into effect.
|eezymunny: As I said earlier "Pre exceptionals and after interest H1 profit was c. £950k".
Sounds like they'll do a bit better in the 2nd half so maybe £2.25m?
They have about £16m debt and I read yesterday that mine has a 10 year mine life based on current reserves. So they would need to keep performing well for almost the entire mine life just to pay off the debt. Given the history you'd have to at least question whether that will happen IMO.
The share price might go anywhere. The price of coal might go through the roof. Mining ops might just get better and better. They might find some big beautiful new sites to mine etc....but for now this is hardly the no-brainer so might be suggesting IMO.
I wish you good luck but can't help thinking that another placing could be on the way...|
|mike111d: Looks like the penny and the share price is finally starting to drop now.|
|eezymunny: Things worth noting:
Of the op profit of $4.2m, $2.3m was one-off in nature, so underlying $1.9m
Finance costs were $.5m leaving underlying pbt $1.4m
Debt is c. $24m i.e. c 6x annualised underlying pbt
This lot have racked up $31m of losses over the years
Net current liabilities are $5+m
Market cap c. £8m at 0.17p share price. So Enterprise Value is c. £23.5m
So EV/annualised pbt is about 13. Not as cheap as some here would have you believe.
The equity is very highly geared to profits, so if they keep doing good stuff some may find it cheap here...but it's very very risky IMO.
All rough numbers. DYOR.|
|tidy 2: Atlantic Coal boosts sales and profits from American minesShare 13:05 27 Aug 2015Atlantic Coal moves strongly into profits after the impact of the refurbishment of the Stockton mine begins to show throughAtlantic Coal boosts sales and profits from American minesNew haul trucks have helped drive significant operating improvements--UPDATES SHARE PRICE DETAILS--Shares in Atlantic Coal (LON:ATC) more than doubled on Thursday after revealing what Adam Wilson, the company's chairman, described as a "remarkable" turnaround.A cursory look at the AIM quoted coal miners results quickly shows why Wilson didn't mince words in his commentary.In the six months to June 30, Atlantic Coal delivered sales of US$10.4mln, up 9.7% on the corresponding period a year ago, and an increase in profit from operations of just over US$4.4mln as last year's small loss turned into a profit of US$4.24mln.A dramatic 29.9% cut in costs was surely helpful in delivering those numbers, but the key figure was the increase in total coal sales from 75,761 tons last year to nearly 106,000 tons this time round.Given that market conditions have been tough and that there was some severe adverse weather at the company's Stockton mine during the period, Wilson's enthusiasm for these numbers is understandable.At heart, the improvement was due, he said, to the company's decision to modernise Stockton to exploit high value anthracite reserves.That modernisation included the acquisition of new haul trucks and excavators, and the refurbishment and expansion of the wash plant.After the end of the period, the company also commissioned a new rail loading facility.All of which bodes well for Atlantic's future ambitions."We have long stated that our ambition is to grow both our reserve base of anthracite and our production capacity and have been actively looking for further high quality and economically viable anthracite coal properties," said Wilson.On AIM, Atlantic Coal shares gained 0.11p or 143% to trade at 0.19p. At this price the company is valued in the market at around £9mln. Share Alastair FordWHY INVEST IN ATLANTIC COAL PLC? READ MORE HERE|
Atlantic Coal share price data is direct from the London Stock Exchange