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VAA Vallar

1,180.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vallar LSE:VAA London Ordinary Share JE00B61G4Z19 ORD SHS 100P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1,180.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1,180.00 GBX

Vallar (VAA) Latest News

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Vallar (VAA) Discussions and Chat

Vallar Forums and Chat

Date Time Title Posts
28/7/201122:16Vallar thread with charts115

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Vallar (VAA) Top Chat Posts

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Posted at 28/7/2011 22:16 by schrodingers_cat
not sounding too bullish on vaa
Posted at 17/6/2011 09:25 by flyfisher
stuart - it is VLRS and it is trading today on the grey market at the placing price , but you probably know that .
Posted at 01/4/2011 07:02 by flyfisher
pt bumi +1.49% on results in jakarta , share price is still less than half of it's pre banking crash level.
Posted at 24/1/2011 13:38 by scatty
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)"
Posted at 12/1/2011 17:02 by stuart14
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.
Posted at 11/1/2011 17:03 by strollingmolby
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)
Posted at 07/1/2011 16:22 by strollingmolby
Ahem, yes the t/o is still rumbling on, but I took the money and ran to invest in the next opportunity, which was...VAA (when it was sub-cash). As there was a chance the CDN takeover didn't proceed, and a chance VAA would find a target to buy it seemed the sensible thing to do (sense being something I've lacked in recent years!)
Posted at 07/1/2011 13:43 by flyfisher
simon / stuart

was looking at bumi interims to june 2010 and this forward pricing comment stuck out.

Average FOB Selling Price of Coal - RISING
$62.88/ ton in Q1'10 vs $75.21/ton in Q1'09 – reduced by $12.33/ton or down by 16.4%
The impact of lower price and higher fuel cost was largely offset by higher sales volume.
Q1'10 average price of $62.88/ton indicates a hardening of price of price compared with Q4'09 of
$58/ton.
FY'10 price guidance is minimum $67/ton compared with FY'09 of $63.1/ton.
Contracts with Japan for Apr'10 / Mar'11 are being finalized at $104/ton FOB for benchmark
quality. This should reflect in our financials for the remainder of the year.
Posted at 06/1/2011 17:41 by flyfisher
stuart14
thermal coal prices have continued to rise with the disruption to supplies due to the flooding in queensland , with indonesian supplies unaffected the jakarta share price of berau and bumi have risen 5.77% and 8.26% this week.
Posted at 17/12/2010 17:43 by miti 1000
A few comments from alphaville on Vallar

NH
here's a recent note on that
NH
We understand that Vallar could resume trading as early as today following its suspension after the Bumi/Berau deals were announced. When it does re-list, investors will be looking at owning a company that has issued more than 2x its mkt cap of equity and spent c.US$0.7bn of cash to buy a 25% stake in the world's largest export thermal coal producer Bumi Coal (BUMI IJ) and 75% of fellow Indonesian exporter Berau coal (BRMS IJ). We calculate the mark to market SOTP for Vallar (to be re-named Bumi plc) is US$3.6bn, implying a share price of £10.60. Given Vallar was suspended at £9.73/shr we expect a strong open.
NH
from Liberum Capital
NH
Liberum site Bumi visit in Indonesia
Our team are on site in Indonesia now looking at both Bumi and Berau's assets and they like what they see. Both assets are large scale, low cost with very low capex/tonne expansion plans which will see capacity increase c.50% over two years and c.80% over 5 years. Cash margins in the past 12 months have been c.US$25/t on gross tonnages of 72mtpa (19.2m attributable to Vallar). We expect margins to recover strongly on coal pricing to c.US$35-45/t in 2011 – giving potential attrib EBITDA to Vallar of US$0.9-1.2bn. Since Bumi also owns a recently listed Minerals business too (attrib value to Vallar shareholders of c.US$0.3bn), this puts the company on attractive forward EV/EBITDA multiples of 4-5x.

We think the deal is a good one for Vallar and it could be a great one if: a) current strength in coal prices persist b) Vallar address governance/control concerns in Bumi/Berau in part by a further offer for Bumi minorities c) Vallar push to harvest operational and financing synergies which are thrown up by the deal. Either way Bumi plc is very likely to become a very interesting FTSE 100 coal company in 2011 and it is worth doing the work on it. We will write a more detailed view on our return.

NH
should be a contender for the FTSE 100 at the next review
Vallar share price data is direct from the London Stock Exchange

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