Bisichi Share Discussion Threads

[envirovision] 15/1/2011 11:17

Forward looking statement should be good though. I just had a fantastic run on UKC after having first got in at 33p. Will put some more in here next week i think.

The tangible value in this company is simply staggering.

This is so chalk and cheese compared to the array of AIM listed companies out there with dodgy mining licences and barley enough tangibles prove their prospects let alone enter production. Those sorts have certainly had their day in the sun and shone like bright stars in the last 3 months. It can only be a matter of time before Bisichi does.

[bisiboy] 15/1/2011 11:10

good long term hold imho have quite a few of these held for years.

results this year however will not be great(as flagged by the company) but long term prospects are very exciting.

news of pegusus would provide a short term lift to the share price but we have ben waiting a long time for this, now new black empowment partner on board we may see some action here.

[envirovision] 10/1/2011 15:50

Commodities daily: Forgotten energy

By Javier Blas

FT

10 Jan 2011

For many investors, oil and natural gas are the only energy commodities.

But thermal coal, used to fire power stations, is also important even if it is often overlooked.

Don't get me wrong, oil is still the most important source of energy, but rather than concentrating only on whether its price its $100 a barrel, investors should also pay attention to whether thermal coal prices continue their climb up towards records.

Thermal coal is still the main source of electricity around the world. For example, China, the world's biggest energy consumer, relies on it for more than 80 per cent of its electricity supplies; Japan, around 65 per cent, and the US, for nearly 40 per cent.

The cost of thermal coal in the Australian port city of Newcastle, a benchmark in the coal-dependent region of Asia, has risen above $130 a tonne, the highest in two years.

Worse, senior mining executives and traders say that annual contracts, which run April-April because they are set on the basis of the Japanese fiscal year, could rise as high as $140 a tonne, an all-time high, above the record of $125 a tonne set in 2008.

The chatter about record prices is well above the forecast from most City of London analysts, who are forecasting annual contract prices of $115-$125 a tonne. The negotiations for the 2011-12 year with Japan, South Korea and Taiwan are about to start and traders believe they are going to be one of the most difficult ever.

The increase in thermal coal annual prices, which affect around 40-50 per cent of the seaborne trade of coal, will put pressure on electricity prices across the world, particularly in Asia, where coal is the main energy commodity to fire power stations.

The flooding in Queensland state in Australia is partly behind the spike, but there are other elements at play related to unusual heavy rains. Wet weather in Colombia, South Africa and Indonesia has also curtailed production in those key exporters. Meanwhile, demand is strong, with China and India buying more and more overseas.

For investors, a lack of thermal coal futures means that it is difficult to gain exposure easily to rising prices.

True, sophisticated investors could turn to thermal coal swaps, with several banks involved in the trade of private, bilateral over-the-counter financial contracts.

Beyond, equities are the only source of exposure, with companies from London-listed Xstrata to New York-listed Peabody. But the array of equity investment will increase this year with the arrival of two key companies to the London market: Bumi, the Indonesian thermal coal exporter, which is listing in the UK through Vallar, the London-listed cash shell founded by financier Nat Rothschild; and the flotation mid year of Glencore, the trader which is a powerhouse in coal.

[envirovision] 10/1/2011 14:43

Quite thread. Have bought some today just on analysis via sharescope software really, is there anyone out there?

[bisiboy] 21/8/2010 09:48

agree and hopefully some news on peguses

[sammu] 19/8/2010 17:17

Results at the end of the month - not expecting great numbers, 2nd half guidance will be of interest.

[bisiboy] 03/8/2010 14:02

seam to have a bit of life

[sammu] 31/3/2010 23:20

Results soon, should be decent, interested in any forward production guidance as washing capacity has been increased to 170,000 tpm.
It's weird to have no idea how big resources are. Any ideas on this front bisi?

[bisiboy] 23/2/2010 18:26

very quiet on here nice upgrade from numis with a 340p target price

[topvest] 04/5/2009 17:32

If he missed on the bonus the dividend could have been tripled. Yes, this could do very well, but I'd rather have a tripled dividend than the director in question taking a £1m for himself. Is this a Heller party or run for shareholders!

[parvez] 04/5/2009 09:26

Hopefully he will get this one to FTSE entry :).
Great recovery story all the same

[topvest] 02/5/2009 08:28

Back to Andrew Heller - £961k of emoluments including a racey £600k bonus. That's outrageous when the dividend costs £366k. Not exactly a company run on behalf of shareholders. They have done well with the Company, but this is getting a bit silly. He's getting paid a FTSE 100 salary!

[topvest] 30/4/2009 20:49

Very good results and strong outlook. Well priced at NAV. Chief Executive gets paid far too much, otherwise good results.

[parvez] 30/4/2009 18:12

sky, agree with you. Amazing that this has not had much coverage so good for anyone who wants to slip a few buy orders through!

[skyracer] 30/4/2009 14:35

Encouraging results. You do have to focus on cash figures, one day the property value will come back up again, and meantime BISI is self-financing.

[parvez] 30/4/2009 07:58

fantastic rns slippedthrough quietly..

[fundementals] 30/4/2009 07:50

Annual Financial Report now out

Headlines:
Results for the year ended 31 December 2008

RECORD PERFORMANCE AT SOUTH AFRICAN COAL MINING OPERATIONS

* Record profit before tax in excess of GBP6 million (realised) (2007: GBP2.3
million) reflects impact of open cast mining at Black Wattle Colliery

* GBP5.1 million of profit before tax (realised) made in second half of 2008

* Monthly production at Black Wattle rises to 130,000 metric tonnes per month

* Mine CAPEX, due for completion in Q2 2009, will increase plant capacity to
170,000 metric tonnes per month

* Investment property portfolio revalued in line with the market but
recession has not had any effect on rental income or lettings

* Dividend increased by 16.7% to 3.5p per share

Buried in the report.

Earnings per share - diluted 2.83p

Write downs on the property almost match profits from mining.

Also, I see that they expect to stop the continuous miner this year.

[sammu] 27/4/2009 21:27

Results must have hit the printers?!

[topvest] 27/4/2009 21:21

Nice bounce today..more of the same please!

[sammu] 27/4/2009 13:41

No news, except results are due any day and they should be very good- on the mining front. Property values will have taken a big hit possibly cancelling out most of the mining profits, but the property hit is a non cash item.

[parvez] 27/4/2009 09:21

anyone any news on BISI??

[henryatkin] 04/12/2008 16:41

Just looking in here. Can someone give me the lowdown on this Pegasus that you are talking about - can't find refernce to it on the company website. Who are their main customers? Thanx in advance.

[skyracer] 25/11/2008 15:26

Given the world recession and (imo temporary) weakness in oil and coal prices, BISI are in a strong postition at the moment to negotiate a good deal over new coal reserves like Pegasus. However, I have a relative in Johannesburg and deals seemed to be conducted at snails pace over endless BBQ's.

[bisiboy] 12/11/2008 18:10

this is a great little company if you can get any
well run family have a big stake and throwing off bags of cash
numis predict 160p of earnings in 2010
it is my largest holding by a long way have held it for years