Bisichi Share Discussion Threads

[azalea] 24/2/2008 09:43

Well, the 10k buy @ 310p posted after the close certainly broke the mould in buying volumes of late. For that kind of money I would be looking for 350p+ on the offer before very long!

[azalea] 22/2/2008 16:12

Sammu
Thank you, an interesting insight. I have heard of Plus markets but that is all. If the share price has moved on today accumulative volume it still reflects how sensitive the share price is to modest buying. I agree the share price has some way to go before reaching fair value on existing prospects! Looking very good!

[sammu] 22/2/2008 12:50

Azalea you should be aware of the Plus markets:


Which shows that 6 trades have gone through today so far.

I think the spread puts some people off.

I think even on currrent production without any hope value they should trading around £4 with say a forward P/E of 9 or 10.

It's not on many radars though and there are lots more liquid, larger Coal plays around.

[wassapper] 22/2/2008 10:58

It's aways been a tight share azalea. Whis is a problem and a blessing.

[azalea] 22/2/2008 10:48

By golly you are right.My dummy run allowed only 500 shares!! Very interesting - do the MM know there is something in the wind, hence the rise on negligible trades.

[wassapper] 22/2/2008 10:41

I couldn't even buy £2,000 worth online!

[azalea] 22/2/2008 09:36

In share price terms, a successful outcome to the Pegasus negotiations will be a whole new ball game.
I believe the share price has some way to go yet just on its existing production and coal prices, not forgetting that it has fallen way below it provious heights despite increased profits, et al. The fact that the share price has risen 10% in just a few weeks on miniscule levels of buying suggest that analysts/brokers are taking a close interest in BISI and advising their clients accordingly. A rise this am on nil buying is a very positive indicator. Any flurry of buying even in 1k lots(total 20k say)will take the share price over the 340p mark.

[bisiboy] 22/2/2008 09:18

pegasus is key to a substantial increase in the share price from here.

[azalea] 22/2/2008 08:33

Can't stop, I'm running to jump on the last carriage - the train is leaving the station!

[azalea] 21/2/2008 12:57

The share price is up 6.5% today without a single share being bought! Hello!

[azalea] 21/2/2008 10:04

BISI is hitting the "high end" of its 120,000 monthly tonnage target.Add to that its latest prices increases , then having put that on top of the H1 results + broker forecast for 2007, one can get a very good idea where BISI profits and share price are going in 2008.

IF its current negotiations to acquire a major stake in the Pegasus coal reserves and other mining rights (IC) are successful, we could see a very rapid change in the share price Given the dire straights S.Africa finds itself regarding shortages of electricity supplies, any influence the government might have in the negotiations, could prove very useful.

[wassapper] 21/2/2008 09:32

Excellent news today. One can assume that is pretty much all margin. If one could find the production figures, and previous margins then the effect upon earnings would be easy to establish. Don't have time today.

[divinausa1] 21/2/2008 09:02

funny azalea if we were a penny share by now there would be 100 trades and we would already have a 20% rise :)

have not got any yet but thinking stage haha

[divinausa1] 21/2/2008 09:01

funny azalea if we were a penny share by now there would be 100 trades and we would already have a 20% rise :)

have not got any yet but thinking stage haha

[azalea] 21/2/2008 08:41

continued/
and no wonder! Bisi reported today that it had achieved substantial increases in selling prices for its coal products at the Black Wattle Colliery in S. Africa. Selling prices for steam coal will increase by 64% from Q2 2008 to Q1 2009 and matallurgical coal by 42% from Q1 to Q3 2008.

"We have moved to lock in significant price increases, our success in this regard has given BISI a very strong start to 2008, on which we plan to build".

A shortage of electricity generating capacity is fast becoming a global problem and the driving force behind soaring coal prices which are further aggravated by soaring oil and natural prices. S.A. HEC has taken a 15.6% stake in ANR(I hold), CBM has received approaches for part/all of its coal interests. Coal is king!

I am looking for an share price in excess of 320p by end of Q2 2008, as BISI moves towards its previous achieved high ground of 400p+ by FY results 2008.

[azalea] 21/2/2008 08:13

The BISI coal fired train is building up steam and about to leave the station, all aboard!

[azalea] 20/2/2008 15:59

Nice tick up today on a mere 2k buy. This could get a real wiggle on next month in the run up to the FY results.


Edit:16.35 the S. African government is proposing to budget 60bln rand to finance Eskom's electricity genrating expansion programme over the next five years = more power stations = more coal !!

[azalea] 16/2/2008 18:33

The last report from the IC gave Fenner a fairly priced rating - a weak dollar being a notable problem, Given Mr B latest statement on further U.S. rate cuts, it will become even weaker.
BISI recently got a IC Buy recc and already has an excellent H1 in the bag. S.Africa is screaming for more coal in order to feed its national electricity supplier Eskom. The latter is set to increase its purchase of coal by 50% over the next 2 years, from its current 90m tons.

[mw8156] 16/2/2008 13:37

with coal price so high, Fenner ought to be a safer bet than Bisi which has political and property exposure.

[wassapper] 16/2/2008 13:19

Glad to see people using the new thread. I just hated the charts on the other one.

bisiboy - yes there are concerns but as my header suggests, in an environment where there is great uncertainty, BISI have excelent cashflow from their UK property portfolio, and will be gaining some very nice premiums to their coal production. The situation in Austraia is set to remain for some time as mines have to be cleared after the rains and even the rail network there has been affected.

As a long term hold, with a nice dividend, BISI has a good place in any portfolio. When property picks up again (in a few years!!) they would probably be best advised to split the businesses.

btw if you are looking for great yields, have a look at Frontline the tanker company (FRO). Horrid spread but will pay a $2 divi in March and on average over $1 every other quarter; they have been doing this for years. Interestingly they say that freight rates have increased. Certainly worth a buy on any sub-prime shock dips.

[bisiboy] 16/2/2008 12:48

thank you azalea,
i did read the article when published.
bisichi are i think very cheap they are on very few peoples rada due to liquidity, but at the end of the day value will out.
upside is very clear, but the thing that is holding them back is obtaining new reserves this seamed in the bag a few years ago but is yet to happen.
other possible downsides
uk retail property& i think the need to raise capital for new reserves unless they gear up through the deal the barclays.
i dont think any progress has been made on these fronts because it would have been reported in the recent trading statement.

[skyracer] 15/2/2008 18:19

Quite extraordinary. $118 RBCT now. $139 NEWC Australia. Industry now considering if $200 will be reached this year. Market hasnt woken up to what this means for coal plc profits yet IMO.

[azalea] 15/2/2008 08:20

bisiboy
If you have not done so already, read post 874 on the ANR thread, it has very significant implications for BISI and could clear the way for its plans to acquire more mining rights.

[bisiboy] 14/2/2008 19:40

i think these will fly on results this is my biggest shareholding by LONG WAY
all the way from 30p
thinking about an up bet ahead of results as well

[azalea] 13/2/2008 10:31

With FY results just 6 weeks away, perhaps its time to look closer at South African coal miner- BISI circa 260p (trading as high as 425p during 2005), 12 moth low 217p(IC). (I hold)

In October last,the IC reported that 2007 profits and earnings will be "well ahead of the Ptx £2.61m and Eps 20.33p, for 2006! Since then, global demand and prices for coal has soared with BISI able to sell every ton it can mine. The share price appears to be very sensitive to buy/sells and if the results are as good as expected, a modicum of solid buying should see it motor. DYOR