Anglo Pacific Share Discussion Threads

[farmers son] 06/8/2020 15:22

Surprising weakness given the gains in the LIORC share price last two days. Although I’m guessing the stronger GBP not helping the share price

[oli12] 06/8/2020 14:44

Well if she reaches £1 again I will consider buying some more. Old King coal is dead it would seem.

[haywards26] 04/8/2020 10:13

Not sure if posted on here previously or not. Useful recent presentation. hxxps://www.proactiveinvestors.co.uk/companies/news/924521/anglo-pacific-group-plc---proactive-one2one-virtual-conference-924521.html

[haywards26] 04/8/2020 10:11

My small top up limit order triggered yesterday @ 118p. Good value in my view. Expect further deals to be completed by the team over the next few months.

[the deacon] 27/7/2020 08:16

Yup good to see. Quite happy to buy at this level

[oli12] 27/7/2020 07:05

As expected, a little director buying on Friday.

[podgyted] 25/7/2020 14:09

When results come out way under what I was expecting I always sell and then look at in detail to see if its worth getting back in - so I no longer hold. My problem here is that Q1 revenue was stated at £12.6m (TU 27/4/20) - stating that H1 revenue is £18.5m - £19.0m means that Q2 revenue was only between £5.9m and £6.4m, which is a massive fall from Q1 - although I do note the £1m adjustment due to Glencore. There seems to be more than pricing issues involved here. I'll sit out until the detail in the H1 accounts.

[melody9999] 25/7/2020 08:36

spam alert 9457

[paleje] 24/7/2020 14:02

IC have a column on them today, they conclude buy:- IC View Anglo Pacific’s thermal coal holding - which it has said it won’t add to - is not a major earner but metallurgical coal dropping is more serious for the royalty company. This is an income stock, however, and a dividend revision looks unlikely. Buy. https://www.investorschronicle.co.uk/shares/2020/07/24/anglo-pacific-hit-by-coal-weakness/

[laurence llewelyn binliner] 24/7/2020 10:47

Dividend cover for 2019 was 2.3 * earnings, profit was USD29M after tax, and the current yield is 7.5% at an share price of 118p.., profits get rolled back into more shares or new royalties.. APF is a long term hold for the dividend and to see 1 or 2 new portfolio additions added each year, then 5-10 years out as each come online adding new revenues, over time these streams will slowly offset Kestrel phasing out in 4/5 years, and then keep adding, the portfolio is re-balancing and I expect to see some EV metal additions soon as Julian has indicated already.. .. H2-2020 earnings will be stronger than Q1 as our commodities and miners work through CV19 stoppages and recover.. Buy the dips, earlier bargains at 115/116 pence now dried up, thanks very much ... :o)

[dogberry202000] 24/7/2020 10:44

I couldn't see what would bring the share price to hit 1.16 and fill the gap on the daily. But the sells around this figure may well have done it. Of course, it was right in front of me - half year results was the cause. I've been waiting for weeks for this to happen and yes, I pulled the trigger and bought most of my position around current levels. What a great company to buy at these prices - and one which pays such a good dividend! I love these royalty companies. Haywards 26 - you're spot on!

[haywards26] 24/7/2020 10:34

Management here are spot on in my view and will continue to grow the business and keep moving to a more environmentally attractive portfolio. Current prices offer a great level for growth and divi yield as an investor... The reduction in interim performance was all Covid related (raw material pricing/activity) and out of managements hands. Prices do have ups and downs dependent on the macro economical and political environments. Buy the dips I say.

[farmers son] 24/7/2020 10:30

The cash generated from royalties easily covers the dividend. The funding of acquisitions is discretionary, and is a balance between growth and debt. From what I can tell, management are not scared to use debt given the right opportunities, and keep cash levels relatively low given there's zero return to be had from sitting on a pile of cash. Page 16 of the annual report and accounts shows this more clearly than I am able to describe.

[farrugia] 24/7/2020 08:57

we knew that a director had sold tonnes of shares using a divorce settlement as the excuse. '-- Net debt of GBP40m at the end of June 2020 (GBP28.8m at the beginning of the year) reflecting H1 dividends, including the final dividend paid at the end of June of GBP10.4m, 2019 final tax payments of GBP9.3m, along with the payment of the last US$1.5m tranche of deferred consideration for Maracás Menchen' How can you pay dividends using debt!?

[oli12] 24/7/2020 08:55

Correction. As I expected based on the price of thermal coal and the impact this would have on APF. Clearly a few exiting this AM - I am considering adding. I am sure we will see some director purchases in the coming weeks if the price remains at these levels.

[buywell3] 24/7/2020 08:48

U were saying munin buywell3 21 Jun '20 - 03:45 - 9422 of 9448 Edit 0 2 0 Will 99p hold in another market down leg ? Munin 21 Jun '20 - 19:16 - 9424 of 9448 0 4 2 These buywells keep cropping up on various boards......what they all seem to have in common, is that all of them are as daft as a brush......

[the deacon] 24/7/2020 08:27

Wasn't really anything we didn't already know. We knew coal prices were softer. We knew LIORC had reduced their payout recently. We also knew about the two operations on C&M, and likewise we knew the situation with Largo and it's vanadium operations. It's not surprising revenue was lower in H1. Almost all companies were in the same boat.

[farrugia] 24/7/2020 08:11

as expected? I didn't find that expected. I didn't like this update and have sold the few I had left.

[oli12] 24/7/2020 07:13

You can always rely on APF to update on time. H1 as expected. Good read by Julian in the FT - thanks for the heads up.

[the deacon] 23/7/2020 15:19

https://www.ft.com/content/47cb09e2-55af-40db-a0d2-6ec4cdd0e0a1Julian penned a column on rare earths for the FT

[oli12] 20/7/2020 15:44

Expecting an update this week.

[oli12] 17/7/2020 18:24

Thanks for posting the link. Good weekend.

[the deacon] 17/7/2020 18:10

Here's the recording of yesterday evenings presentationhttps://youtu.be/ltxAmE9vxX4

[the deacon] 17/7/2020 12:27

Possibly. In previous interviews he's been very specific about nickel sulphide projects, though he's dropped the sulphide specificity recently. If Orion come back as part of the larger financing deal then I think it'll be syndicated with APF.