We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Energybuild | EBG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 21.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 21.25 | 21.25 |
| Top Posts |
|---|
Posted at 16/6/2010 09:33 by lasata Buy EBG as cheap way into WTN............Western Coal shows ambitious growth plans while GlaxoSmithKline shares show a good entry point, Questor says buy. By Garry White, Questor editor Published: 6:00AM BST 16 Jun 2010 Here's a US stock you can really get your teeth intoQuestor says BUY Speak to any mining analyst in the City and they will all say a similar thing about bulk commodities such as iron ore and coal. The demand and price outlook is extremely positive - much more positive than base metals. Questor remains a bull of the coal price and Aim-listed Canadian group Western Coal has one of the best production growth prospects around. The company plans to increase its output from 3m tonnes a year to 10m tonnes over the next four to five years. It plans to do this organically and without raising new money. It should be able to do this from cashflow. The company has also made some strategic acquisitions in the UK. Last week, the company bought the rest of the shares it didn't own in Energybuild, which produces deep-mined anthracite coal and coal from open-pit mining in Wales at Aberpergwm. Western hopes to increase production here too. The group also bought Aim-listed mining investment group Cambrian last year in an all-share deal. Western's main assets are found in north-east British Columbia in Canada and West Virginia in the US. The group has a 20-year coal reserve base. The company offers exposure to the seaborne coking coal market and the US thermal and metallurgical coal markets the price of all these products is likely to rise as the global recovery takes place. Last year was not a great year for the company as prices for all types of coal plunged. Revenues fell 25pc to C$438.6m (£290m), which caused profits to slump by about 80pc. Coal contract prices fell to $126 (£85) per tonne for hard coking coal and $90 per tonne for ultra-low volatile pulverised injection coal, compared with $300 and $248 respectively in the previous year. Keith Calder, president and chief executive, expects prices will be higher in the upcoming quarter and it certainly does look like the market has reached a bottom. Indeed, coal's share of global energy consumption rose last year to its highest level since 1970, according to BP's recently issued Statistical Review of World Energy. The report also noted that China's coal consumption last year rose by 10pc and India's by 7pc, exceeding growth in GDP. This trend is likely to continue. Western ended last year with C$136.1m of cash and C$82.6m of debt, so the balance sheet is strong. The bulk of the debt is in the form of equipment leases. In 2011, the group expects to produce between 3.7m and 3.9m tonnes of metallurgical coal from its Canadian operations a 75pc rise on 2010 production. It expects to increase US coal production by 70pc this year to 1.7m tonnes. This is an ambitious target, but the group believes it is achievable. For a company that has low debt and a strong growth profile, the shares appear undervalued. They are trading on a March 2011 earnings multiple of just 5 times, falling to 4.3 in 2012. The analyst community is unanimous in the view that the group is undervalued. Of the eight City analysts that cover the company and are monitored by Bloomberg, all of them have a buy stance and the average price target is 506.6p a share, which is some 60pc above the current share price. The Aim listing is the company's secondary listing, with the main listing being in Toronto, where the company has a market capitalisation of C$1.6bn. The shares are a buy for their growth prospects. |
Posted at 14/6/2010 14:41 by lasata Sold too cheaply by the management - inside job?Anyway WTN share price rise will now benefit EBG holders and this could be cheap way into the new owners......... |
Posted at 19/5/2010 09:02 by lasata 3% dividend would be nice.......There will be plenty of markets for their coal as imported supplies are getting more expensive by the day as £ weakens. |
Posted at 15/4/2010 12:06 by lasata Time for EBG to join the coal mining share price rise bonanza........ |
Posted at 09/4/2010 09:55 by lasata Reading the bulllish article on thermal coal on page 32 of today's FT would suggest EBG are a bargain at this level............ |
Posted at 29/3/2010 14:38 by jonwig Lasata - I'd never trust the ADVFN calculation of total no of shares. In my experience, Digital Look gets it right, and says 226.67m which gives a current MCap of £54.4m.Companies usually update the market though EBG is a bit slow on this. However, they state the no of shares here (Dec 09): |
Posted at 29/3/2010 14:00 by lasata Jonwig: i am sure WTN will be fair to EBG if indeed they eventually take them out.Kombi: welcome to the silent thread but dont be deceived by this as EBG is an absolute gem......... EBG: not valued at £52 M YET...... WTN: we all wonder what their intentions are HSP: are top company too but dont think WTN would let them have EBG at this stage as there is alot of unexplored coal potential down those valleys and they will want to develop this themselves |
Posted at 24/3/2010 17:37 by jonwig WTN wouldn't want to commit cash in tidying up EBG to 100%, but if its own shares rank better than cash, they might give it a thought. I don't hold any WTN but wouldn't object to swapping my holding in EBG for a reasonable price. |
Posted at 18/3/2010 09:58 by jonwig Thanks Lasata, I missed that for some reason.I'm not sure of the significance of the statement that EBG will increase its production by 180%: tons or $? And the timescale presumably is that of the previous paragraph: April 10 to March 11. Tonnage in the HY to Dec 09 was only 95,000t thanks to delays. Annualising that to (say) 200,000t suggests 360,000t as the production WTN refers to. That's still not as significant, I think, as EBG's own statement: ... well placed to progress towards its goal of producing 750,000 tonnes of clean coal by the end of June 2013 Also, I think the opencast segment will decline, so if the numbers refer to deep mine then we start to get impressive. Anyway, the share price seems to be on one of its periodic upswings before dropping back. Will it top 30p this time? |
Posted at 21/2/2010 22:39 by hpotter azalea,I don't have a full list but Western are stating that they have 54.70% of EBG shares. Cambrian and Coal Intl were taken over by Western and their holdings form part of the 54.7%. Weakness in stirling should help EBG secure a market for their increased production, and hopefully make some profit. |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
