Bisichi Share Discussion Threads

[diogenesj] 31/8/2005 16:56

Only thing I know is that when stan starts deramping, it's usually a good omen. Apart from his unfailing good humour, that is one of the reasons why he is so welcome on this thread. Similarly with the IC, which recommended taking profits at 311p in July.

More seriously, they do have a UK property portfolio worth about £15m, and extensive reserves of coal in South Africa: 14m tonnes at their working mine Black Wattle, and another 12m tonnes recently bought from BHP by a joint venture and expected to start production in 2007. Who can say what that is worth? Everything depends on the oil price and the Chinese boom. Has to be seen as speculative at this price, I suppose. Evolution's target, when they produced those bullish forecasts in April or May, was only 300p.

Lots of small buys today and closed at 437.5p, up 11.5%: could it have been tipped somewhere?

[myopia] 31/8/2005 16:41

Poor old stan...he's taking a bit of stick on this one, but it was rather bad timing on his behalf. But just picking up on a bit on his caution, when do you think about selling? I have a few of these by luck rather than judgement, but i'm worried that surely the pary can't go on much longer can it. Is now a good time to sell? To be honest I have no idea whether they're overvalued or not. I think I know what stan will say but does anyone else have any advice?

[diogenesj] 31/8/2005 16:19

Wow, 432.5p, up 10.2%. Someone's placed a big order for this. Could be a sneaky move by stan, I suppose.

[diogenesj] 31/8/2005 16:11

Blimey, 424p, up 8%. If you'd bought yesterday, stan, you would now be in a position to indulge Mrs Stan and all the little Stankers with a rare outing to a modest pub dinner.

[diogenesj] 31/8/2005 14:01

Now 417.5p mid, up 6.4%. I think you may have missed the boat again, stan.

[diogenesj] 31/8/2005 10:00

If only it were that simple, bisiboy! Still, we're now through the 400p mark. Let's hope it holds.

[bisiboy] 31/8/2005 09:10

its not rocket science you know
14m tonsx 120$ per ton=!

[rochdae] 30/8/2005 23:07

Stan, think it's time to call an end to this. Not been in bisi for a while, about the time you were calling it over-valued - maybe 160 ish.

Hope you haven't been short. I didn't think the share price would rise to such an extent. But it has, and that's about it really.

[diogenesj] 30/8/2005 22:54

WCB: that forecast (Evolution's of 25 April) is still the only one I am aware of. If it is accurate, it puts BISI on a prospective PE of 11.38x for 2006, which doesn't seem too expensive. (But I would not claim to be an expert in mining shares either.)

[westcountryboy] 30/8/2005 22:45

By definition, the 'smart investors' can't have left a long time ago :-)

The last 2006 eps estimate I saw (some time ago now) was for 34.5p.

The results for the parent company, London and Associated Properties, are also delayed until 28/10 for the same reason (IFRS) as BISI's, and noone is suggesting that LAS, with its terrifically exciting shopping centre in Windsor, has something to hide from the market :-)

IC, in saying 'Good value' on 22 July, thought reserves were 14m tonnes plus 12m in the Pegasus joint venture.

But I suspect that 400p may be a hard hurdle to jump, sinply because of the price rise up to now.

[diogenesj] 30/8/2005 22:44

Hi, Stan. Always nice to see you, but I'm not sure that the valuation of mining shares is really your thing. Remember what you said a year ago, when the price was 149.50p?


"stan - 11 Sep'04 - 15:17 - 91 of 332

massively overvalued!!!"


Today's price is 392.5p, up 162%. In this particular case, it seems that the smart investors are the ones who did not take your advice. :-)

[stan] 30/8/2005 19:25

remember IC recommended to take profits at 310p
vague chatter of a bid only suggested a 350p take out price it's now over 390p
they have only a fraction of the reserves that bisiboy suggests
like myopia says - delayed results
i reckon irrational exuberance is driving this share now
the smart investors left a long time ago
it could be heading for a big fall.

[bisiboy] 27/8/2005 19:26

market cap 38m 55% of reserves worth $1.5billion
roll on £5.00 by christmas.

[myopia] 27/8/2005 10:00

what the hell is driving the price of this one? Even an announcement of a delay in the results - usually a very bad sign - hasn't stopped the shares rising to an all time high. Any ideas anyone?

[green sand] 10/8/2005 20:06

Over estimated the power of the IC, it took a couple of weeks to put 50p on:-)

GS

[green sand] 02/8/2005 10:37

No can't seriously knock the IC, I have been a subscriber for years, got bookcases full of them!

It looks as though we may just have a little breakout, yesterday was a new closing high having broke through resistance just over 300p.

Good Luck

GS

[mw8156] 26/7/2005 15:08

Hey - dont knock the IC too much - they did recommend BISI at 112 only 18 months ago.

[green sand] 22/7/2005 23:19

There's the good ole Chronic for you!

Got to improve the share price by at least 50p next week on the back of such indepth analysis:-)

Have Fun

GS

[westcountryboy] 22/7/2005 22:10

'Take profits' on p34 and 'good value' on p62!

[stan] 22/7/2005 21:45

"take profits" recommends Investors Chronicle today.

[greatbear] 07/7/2005 21:58

Back in at a bargin price of £3.04

GB

[green sand] 07/7/2005 15:11

10k - Another chunky MM deal

[green sand] 06/7/2005 17:00

I reckon that today's 3% hike on very little volume has resulted in the closing bid equaling the previous high set a few weeks ago?

The majority of today's trades being marked as MM to MM infers that there is not much stock about?

Could be in for an interesting period.

Good Luck

GS

[bisiboy] 24/6/2005 12:50

well i think everything points to a takeover evidence

1/- directors otptions recently issued
2/- london & associated offer to purchase own shares
3/- age of mr heller senior
4/- change of broker

[green sand] 23/6/2005 22:15

Hush, hush, whisper who dares, 7% and not a word!

Bisichi Mining PLC

AGM and EGM statement

At the company's Annual General and Extraordinary General Meetings held today -
Thursday 23 June 2005 - all resolutions were duly passed.

23 June 2005

END

GS