Vallar Share Discussion Threads

[schrodingers_cat] 28/7/2011 23:16

not sounding too bullish on vaa

[strollingmolby] 21/6/2011 16:07

Bumi's qtrly results available here (don't know why we have to go searching for them...)



Revenue, gross and op profits up, tax up and earnings down.

[flyfisher] 17/6/2011 10:25

stuart - it is VLRS and it is trading today on the grey market at the placing price , but you probably know that .

[stuart14] 17/6/2011 09:23

Anyone guess what the ticker will be for Vallares next week? Nat Rothschild is really making waves at the moment.

[flyfisher] 22/5/2011 21:42

vallar in tender offer to berau minority interests.

[strollingmolby] 28/4/2011 17:24

'Interim Management Statement and Production Report for Q1 2011 and Transaction Update' just released:

Highlights for the 3 months ended 31 March 2011


Sales

· Berau sales for the first quarter of 2011 increased 53 per cent as compared with the first quarter of 2010

· As a result of strong global coal prices, Berau, KPC and Arutmin sales (on an attributable proportional basis) for the first quarter 2011, increased 37 per cent as compared with the first quarter of 2010


Production

· Berau is a holding company that owns 90 per cent of PT Berau Coal ("Berau Coal"). In the first quarter of 2011 Berau Coal produced 4.1 million tonnes of coal, an increase of 9 per cent from the first quarter of 2010. Overburden removal was up 33.3 per cent on the first quarter of 2010.

· Bumi is a holding company that owns 65 per cent of PT Kaltim Prima Coal (Indonesia) ("KPC") and 70 per cent of PT Arutmin Indonesia ("Arutmin").

· In the first quarter of 2011 KPC produced 8.2 million tonnes of coal, a decrease of 9.2 per cent from the first quarter of 2010. Overburden removal was up 1.0 per cent on the first quarter of 2010, but production and overburden volumes were below plan due to higher than anticipated rainfall.

· In the first quarter of 2011 Arutmin produced 6.0 million tonnes of coal, a small decrease of 0.5 per cent from the first quarter of 2010. Overburden removal was up 37 per cent on the first quarter of 2010, but production was marginally below plan due to higher than anticipated rainfall.


Outlook

· Berau Coal is currently expecting to produce 20.4 million tonnes in 2011 (compared with 17.4 million tonnes in 2010).

· KPC and Arutmin are currently expecting to produce 66.0 million tonnes (compared with 60.4 million tonnes in 2010).


Commenting on the announcement, Indra Bakrie, Chairman of Vallar said:

"Despite higher than anticipated rainfall in the first quarter, we remain confident on the trading outlook for the rest of the year. Average selling prices remain high relative to 2010, and we expect operating profit margins to increase year on year, despite higher fuel costs. We have made significant progress in integrating our activities under Vallar, and look forward to working towards a Premium Listing in due course."

Nat Rothschild, Co-Chairman of Vallar added:

"It remains our intention to greatly increase transparency and levels of governance across the group. With these encouraging results, we are more than ever convinced of the value and potential of Bumi and Berau."

[strollingmolby] 07/4/2011 11:29

Vallar poised to raise Bumi Resources stake

Vallar is moving ahead with plans to expand its stake in Indonesia's biggest coal company, as its metamorphosis into a sizeable miner gathers momentum.

The London-listed cash shell founded by financier Nat Rothschild stands to gain an indirect controlling stake in Kaltim Prima Coal mine – the world's largest thermal coal mine – by increasing its shareholding in Bumi Resources, which operates the mine, to 51 per cent later next month.

Bumi Resources, the coal miner owned by Indonesia's Bakrie family, has a majority stake in KPC, according to the company's website, while India's Tata holds 30 per cent.
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This year Vallar said it would rename itself Bumi plc and said Bumi shares would start trading in London on May 10.

[dasv] 04/4/2011 12:21

yeah complex RNS, big diversified company.

1640p I reckon very doable for starters on my P&F charts.

[flyfisher] 01/4/2011 08:02

pt bumi +1.49% on results in jakarta , share price is still less than half of it's pre banking crash level.

[flyfisher] 30/3/2011 07:53

the concern in january about restrictions to low k value indonesian coal exports seems to have been resolved.


JAKARTA (IFT) – The government will postpone the implementation of the regulation that requires low-rank coal to be upgraded to high-rank coal before they are exported (coal upgrading), said an official at the Ministry of Energy and Mineral Resources. The regulation will be delayed until the technology is available commercially.

Bambang Setiawan, Director General of Mineral and Coal at the Ministry of Energy and Mineral Resources, said the technology that is proven to be able to upgrade low-rank coal to high-rank coal does not exist. The government cannot force the regulation's implementation in 2014 if the technology does not exist yet.

"We will see whether the next three to four years, the technology is available," Bambang said in Jakarta, Tuesday.

[strollingmolby] 04/3/2011 14:53

Not as bad as the 720 page Prospectus!

[stuart14] 04/3/2011 11:25

All done and dusted. Rock on!!

Love the RNS! Talk about complicated!!

[lucy01] 27/1/2011 12:56

Had my finger on the button for a top up but.. coffee first. By the time I returned it's up 60p Whats going on. Sure Nats doing more deals. Can't find any reports yet, prob. nothing for a couple of days.

[scatty] 24/1/2011 13:38

FTalphaville marketlive commentary on Churchill Mining today makes reference to Indonesian export criteria for coal exports possibly being tightened. Any implications for VAA/BUMI??

extract - "On Friday Churchill shares reacted negatively (-11%) to news reports
quoting Indonesian Government officials on potential plans to ban exports
of coal with an energy value of less than 5,600 kilocalories per kilogram
from 2014. The mooted move would be directed at achieving higher
export prices and support the supply needs of state electricity provider PT
Perusahaan Listrik Negara (PLN)"

[strollingmolby] 16/1/2011 11:05

Yes, I have a certain amount of reservation that the Bakrie family is one with which to associate. Hopefully the London listing and corporate governance standards expected pull them up to this standard - rather than VAA falling to Indonesian standards!

[extrader] 16/1/2011 10:41

Hi StrollingMolby,

Thanks for the link ! I was considering an initial investment in Vallar but have to say that the write-up 'set my whiskers twitching'as my banking mentor was wont to say.....

At the least, the Bakrie connection brings with it a certain amount of 'reputational risk' I would have thought !

[lucy01] 15/1/2011 20:24

Is that a good report?? Am thinking hard. At least he loves to make money and spose that counts

[strollingmolby] 15/1/2011 10:05

King Nat's mines

[stuart14] 12/1/2011 17:06

Blimey. Good spot. Afren would make a lot of sense, they already operatein Nigeria, but VAA? Why diversify away from Coal?

[strollingmolby] 12/1/2011 17:04

Good spot, Lucy01.

Nigeria : Shell assets to go to private group?

It is reported that 18 consortia will bid on the Nigerian oil rights being sold by the Shell-Total-Eni group, including some private players.

The London Sunday Times reported on 9 January that 18 consortia are working on bids for Nigerian oil rights being sold by Royal Dutch Shell and partners, citing sources "close to the process". A number of the groups mentioned are private, in line with a long-term trend of private equity investors going after ever-bigger deals. Another aspect is the requirement that investment consortia comprise a Nigerian partner.

The Times reported that billionaire Nat Rothschild wants to back a consortium, but its members were not named, and that London-listed Afren, which is already present in Nigeria and seven other African countries, is planning an offer. Afren bought a stake in an onshore Shell field in October 2010.

[stuart14] 12/1/2011 17:02

Lucy, where did you hear about Africa? That is interesting, but I don't understand it. Last we heard VAA were looking at Coal deals in Oz, the US and Mongolia. They would all make more sense- turn VAA into a Global Coal Champion.

[lucy01] 12/1/2011 16:52

What is N Rothschild doing in Africa at the Shell sale!!! Another surprise coming?? Certainly a good amount left to invest but what dilution will we have after the Bumi issue.
Rio not worried about future coal prices. Looking for all they can get.

[strollingmolby] 11/1/2011 17:03

c2i, I don't foresee a fall in demand for coal for many years to come - which is why I have an investment in VAA.

A move to nuclear power will also take time, but I acknowledge that there is great demand for clean energy and many nuclear reactors are planned to be built, especially in China. However, all this requires a supply of uranium which does not currently (or for the foreseeable future) meet that forward demand - hence the U308 price is rising, and why I also have investments in uranium! :o)

[contrarian2investor] 10/1/2011 21:15

Hi all,

An article that might be of interest. I would be interested to hear your views.

Coal's dim future



c2i