Anglo Pacific Share Discussion Threads

[christh] 18/5/2011 14:47

haydock,

wrong!

Look at page 8 (bottom) of the 2010 report still showing a holding in Mantra.

[scottishfield] 18/5/2011 14:45

rarely seen the bb so busy than over the last number of days!

[gavapentin] 18/5/2011 14:44

Close above 300p would be good psychologically - for traders AND me!

[haydock] 18/5/2011 14:41

Mantra holding update from Piedro { Many thanks }

FYI,
APF ceased to be a substantial holder of Mantra Resources
on the 4th of November 2010

...DATE .......... SOLD ......... HOLDING ...... %
04/11/10....... -594,722 .......6,386,879 ..... 4.90
29/10/10..... -1,338,115 .......6,981,601 ..... 5.36
12/08/10.... – 1,123,891 ...... 8,309,716 ..... 6.38





Was the November Presentation incorrect @ 6.4% ? Clearly not up to date.

[christh] 18/5/2011 14:38

Hopefully back to 320p by friday.

Tomorrow is the Glencore flotation which will give the miners a boost!

[christh] 18/5/2011 14:24

Mozy123,

Prenvest is right, page 10 gives a detailed valuation and page 54 on the coal royalties.
If you are still not clear the the FD is your best bet.

on page 54 mentions discount 7%.
However the valuation is based at the coal prices.

[christh] 18/5/2011 14:16

Mozy123,
I apologise as I do not the answer but a detailed study in the 2010 annual report will shed some light.
The other option is to call the company and ask to speak to the FD.
I have spoken to him often and he returns your call if he is busy.

[prenvest] 18/5/2011 14:01

Mozy123

Company website in header, then 2010 annual report then to save you more time see pages 10 & 54!

[hectorp] 18/5/2011 13:57

Thanks s-f.
this is the best rise here in 6 weeks, so could be partly on fundimentals, or on rising mining sector today. (PS yes noted, chip was talking about it on his own thread, for his family account.)
cheers

and PS that strange wiggly drift down since January, is a strong example of a 'resistant faller'
( believe it or not , I know). If it can reverse, return to highs can be rapid.
H.

[scottishfield] 18/5/2011 13:16

Good to see you here H, I've held for a few years now & added a couple of weeks ago also. As I said previously i hope to add more shortly. I believe that chip is also in recently. G Luck !

[mozy123] 18/5/2011 13:09

Christh - No plan's on selling, infact I have a portfolio of 15 stocks that I own, which I have accumulated over a period of 5 years, while at uni and to present. Student loan does come in handy ;) finsihed uni now and working.

Only ever placed 5 sell orders. Its all about accumulation of quality outfits when your in your 20's. The 5 sells we partly overvaluation or change in circumstance in the company. I do not trade.

I do have a question however - how does the independant company value the coal royalty? Is it done on a DCF basis and discounted by a risk premium %?

For example if the royalty does £9mill a quarter * 4 = £36mil

And the discount rate is say 8% 1/0.08 = 12.5 * 36mil = £450mil

Are there any reports on the companies website which shows how the royalty flow is valued at £200mil?

[christh] 18/5/2011 12:53

Mozy123,
Well done, good luck.The next quarter your investment will increase substantially and maybe if you keep them you will be getting 2 dividend payments every year.
This year the total divi was under 10p.
Next year will be closing to 11p or higher depending on the profits.


Hopefully all the lows are behind us now and are moving to the mid 340's.

The directors could not have missed buying the shares but they have bought at 349p and higher.
It will be nice if they pay a special dividend on the Mantra windfall, a very welcome for the directors who have been topping at every opportunity.

I do expect the price to get back to 345p-348p as that was the shareprice range
prior to the going in the ftse 250.

Still a long way away from the 367p that I paid but never mind will get there
by the end of the year.

[mozy123] 18/5/2011 12:06

I added yesterday at £2.90 only £550 quids worth but it adds up nicely with the other 1000 shares i own. This is cheap!

[christh] 18/5/2011 12:02

LONDON, May 18 /CNW/ - Anglo Pacific Group PLC ("the Company") (LSE: APF) (TSX: APY) announces that

John Theobald, Chief Executive Officer, bought on May 17, 2011 1,700 shares in the Company at a price of 294.34p per share.

Following this notification his revised beneficial interest in the Company is now 285,881 shares representing approximately 0.26% of the issued ordinary share capital.

The Company further announces that
Matthew Tack, Finance Director, bought on May 17, 2011 2,500 shares in the Company at a price of 282.07p per share.

Following this notification his revised beneficial interest in the Company is now 366,268 shares representing approximately 0.36% of the issued ordinary share capital.

[prenvest] 18/5/2011 11:45

John Theobald buys 1700 shares

[christh] 18/5/2011 11:34

It definetely pushes to 300p today
Buying is strong.

[christh] 18/5/2011 11:26

It still sounds in my ears the words of a broker in the agm.
"APF makes an ideal candidate for a take over by a pension fund".

Why a pension fund?
"Steady and growing dividend, strong growth, no debts"

Well it remains to be seen!

[hectorp] 18/5/2011 11:24

I've joined the directors but had to pay today's price. So lets see if we are near the bottom at last.
H

[haydock] 18/5/2011 10:56

Royalties are an on going success story.

Mantra is a one off golden windfall.
If not a company changing event : certainly a company growing event

There could be another even larger someday when things develop in the CDN coal, so perhaps not a one off for APF ?

[christh] 18/5/2011 10:49

Food for Thought
Sometimes the same Financial institution having both small companies fund and FTSE 250 company funds so the fund managers advise on investing in APF.

The company is in a different platform now, is been more highlighted and visible than being in the small companies league.
And will have to operate with a different set of rules but also will attract more capital for more investments.

It is a fact that most of the royalties are coming from blue chip companies such as RIO TINTO, BHP BILLITON, and ANGLO AMERICAN.

[shavian] 18/5/2011 10:35

Ooops, a bit of blue...not before time!

[christh] 18/5/2011 10:29

Haydock,
the divi will increase then, as the profits will double in the next quarter.
That's why the directors have been buying!!!!!!!!



Going by the chart we should start see a strong rise June onwards.

[haydock] 18/5/2011 10:24

Happy: very happy

November 2010 presentation.
Mantra 6.4% holding value $47m

The big one is on next month !!!!!