New World Res A Share Discussion Threads

[deadly] 12/4/2011 14:32

Broker downgrades at DB and Citigroup - target 830p. Hard to see why.

[corbeta] 11/4/2011 18:31

Strange. As far as I can see, all today's news was good and yet
we end the day down 4.4%.
I can't see anything but good news in this report for example:-

[gilgamos] 09/4/2011 10:14

New World Resources NV (NWR) , the largest Czech supplier of coal to steelmakers, rallied 2.1 percent to 292 koruna, its highest close in almost two months. Benchmark European coal derivatives rose for a third day in Amsterdam to as much as $135 per metric ton, the highest intraday price since October 2008.

[18bt] 01/4/2011 07:29

Bouhgt in a few weeks ago @ 950 and have had a bit of a volatile ride, lack of production from Queensland, continued growth in China etc point in the right direction for me.

[barrygibb] 01/3/2011 20:31

bought in today - good luck everyone
BG

[its the oxman] 25/2/2011 09:58

move to quaterly pricing looks positive as well - further growth to come - reckon these will recover well at some point so just got to ride things out for now.

[deadly] 24/2/2011 14:08

Results look strong:

Consolidated revenues* of EUR 1,590 million, up 42%

- Coal revenues up 30%

- Coke revenues up 161%

· EBITDA1 of EUR 464 million, up 160%

· Adjusted earnings per A share of EUR 0.86

· Strong operating cash flow of EUR 315 million, up 79%

· Net debt reduced by 34% to EUR 321 million, overall debt maturity extended

With oil at high, and coal facing a shortage in the next few months, can't see why the price has fallen so much recently.

[imranmalikuk] 20/2/2011 21:57

Here's a general question. Do you think the recent protests across the middle east can affect NWR share price?

[its the oxman] 18/2/2011 15:23

bought back what i sold c.907p - reckon there is decent upside here when meaningful coal price increases eventually feed through

[its the oxman] 17/2/2011 13:12

BREAKDOWN? how low are we going? 930p now

[arja] 07/1/2011 10:25

kimboy2,
It was CZA but maybe the party is over now although I think there is a bit more in it .

[its the oxman] 06/1/2011 10:15

banked some profits 1046p

[mustau] 04/1/2011 13:51

Brilliant, lets hope it last!!!!

[kimboy2] 03/1/2011 11:39

I think most of their prices are based on the 'Japanese fiscal year', for some obscure reason, which runs to April.

Any ideas about the best company to play the Queensland problems.

[budevenwiser] 30/12/2010 14:38

Prices to spike as Queensland coalmines inundated




prices to spike

Floods have halted coalmine operations in southern and central Queensland. Picture: Leightons Source: The Australian

FLOODS ravaging Queensland are expected to drive global coking coal prices more than 20 per cent higher for the second quarter.

This, as mines and associated rail and port infrastructure are brought to a standstill amid record rainfalls.

The state produces more than half of global seaborne coking coal, which is used in steel-making and ranks as the second-largest export for Australia.

As major port hubs and rail lines are shut down, leading commodities forecasters are predicting a sharp jump in second-quarter contract prices.

"Given the already tight met coal market, reference prices are set to rise further in the near term and maintain elevated levels through early 2011," Macquarie's London-based commodities team led by Jim Lennon told clients.

"There is strong potential for spot price rises for premium hard coking coal towards $US300 a tonne FOB Australia from $US246/t currently, while it seems inevitable that the next quarterly contract will rise from the $US225/t FOB Australia level in the coming quarter."

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FOB stands for free on board and is the price buyers pay for coal when they also carry the cost of shipping and further transport to market destinations such as Japan, Korea, China and Europe.

If second-quarter contract prices for hard coking coal were set at $US300 a tonne, it would represent a one-third price appreciation.

Goldman Sachs commodities analyst Paul Gray said he expected the tightness in hard coking coal to spill over into semi-soft and PCI coal categories.

According to industry specialists McCloskey Coal, PCI producers are now seeking $US180 a tonne FOB for delivery in the first quarter, a rise of more than 20 per cent, and the major semi-soft suppliers are seeking $US170 a tonne FOB (more than 19 per cent).

BHP Billiton, Wesfarmers and Anglo American joined other producers yesterday in declaring force majeure on their Queensland coalmines.

Anglo American said its Callide, Dawson, Foxleigh, German Creek and Moranbah North operations had been hit by rains in the Bowen Basin that the weather bureau estimates are three to five times above seasonal averages.

Force majeure is a legal term relating to the inability to deliver on a contract due to causes that are outside the control of the parties, such as natural disasters.

Japanese buyers are set to be hurt most, with ships capable of taking 2.5 million tonnes sitting off Hay Point and Dalrymple Bay waiting to load, followed by India and South Korea. Macquarie noted that there were no China-destined ships off any of the major ports.

The production disruption is also likely to hit the earnings of Queensland coal producers to varying extents.

CLSA analyst Hayden Bairstow noted that Macarthur Coal had downgraded earnings in December and said he "believes a further downgrade is now possible".

However, the profit hit for BHP and Rio Tinto was unlikely to be significant given their scale and diversified operations.

North American coking coal producers would probably snare the tonnages that would otherwise have been shipped from the lower-cost Queensland ports, despite the higher freight costs.

Macquarie's Mr Lennon also noted that the floods may have ramifications for international price-setting mechanisms.

"It raises the spectre of an interesting sub-plot, in that steel-makers would likely be more amenable to monthly pricing for coking coal (as proposed by BHP Billiton) in a price spike environment rather than, say, locking in $US300/t for a whole quarter," Macquarie told clients.

"We think a shift to monthly pricing would be difficult in the coming months -- even more so when considering that disruptions are going to leave very little spot material available from which to base an index."

[mustau] 24/12/2010 12:53

Nam,

Thats exactly what they intend to do.

[nam0] 24/12/2010 12:49

That will only happen if the company reincorporates in the UK or it shifts the listings in Poland and Czech Republic to the UK.

Those were the reason why they did not get to the FTSE main listing at the time of listing in UK.


Happy new year and best of luck for 2011.

[m.t.glass] 24/12/2010 12:36

mustau - a March promotion to the FTSE100 does look quite likely. Sitting at about 114th now?

[mustau] 24/12/2010 12:31

Afternoon,

Seems so, There was a buy rec when it was around 7, some are concerned that some of the Eastern economy are already or may be seeking helps from IMF etc, however most punters are saying coal could be be the resource for 11 with both India and China on the prowl, as well as the likes of RIO.

Once a main ftse player (around March), fun will really begin!!!!

I am back in and looking for double this price towards the end of 11 (hoping)

All the best to all for 11.

[jeremy40] 24/12/2010 10:39

Seem to be still on somebody's buy list. Strength in the price today after a short profit take. Any thoughts, Mustau?

[mustau] 13/12/2010 15:27

Looks like I was a a bit premature, looks like 10 may be the next target.

[mustau] 13/12/2010 14:15

Out for now, may come back if we see 7 again, seems very unlikely. Added a few in snrp, risky but potential 5 bagger.

[m.t.glass] 13/12/2010 11:42

Broken clear of last month's high, if it holds till close.

[nellie1973] 10/12/2010 11:08

Broker upgrade