Anglo Pacific Share Discussion Threads

[quepassa] 29/9/2015 13:15

Page 35. This week's Investor's Chronicle.

Investment Manager, Louis Coke, of Charles Stanley comments on a reader's portfolio and says:-

"...I would question your holdings in Centrica, J Sainsbury and Anglo Pacific because there might be better value to be had elsewhere."


A big recent downgrade by FinnCap and now some comments from an Investment Manager at well-regarded Charles Stanley.


ALL IMO. DYOR.
QP

[bolador] 29/9/2015 09:42

christh,

Let's hope you are right. The point I was trying to make is that the market has probably discounted a cut to the dividend after a decent interval from the placing.

[christh] 28/9/2015 12:14

RCTurner2,
people like you are considered scum!
people who are not invested in the company and have no other interest other than
the malicious demise of the company and its shareholders are parasites.

[rcturner2] 28/9/2015 11:31

bolador, posters such as chrish and neilb are the definition of gormless.

[christh] 28/9/2015 10:21

bolador,
I disagree with you on the dividend!
the ceo has stated that the dividend will be kept or rise accordingly but not below 8p a year.
He said that the royalties are increasing from Kestrel, Narambrai and elsewere.
APF is not relying on mining pricing for its royalties but on production of the ore.
The price is set per tonne of ore dug out, not how much is sold or the price sold
from what I have been told in the agm.

The share price now is a giveaway at the current value as it undervalues the company and not based on the assets or profits.
It's sentiment on the current commodity pricing,China problems.
I will buy at this price as the yield is very good.

[bolador] 28/9/2015 09:57

RCTurner@

Well, gormless is a bit ott bearing in mind the overall performance of the commodity sector, relative performance since the placing has been quite good.
This has given subscribers to the placing many months to get out above 80p. Ok it's gormless to have waited until now to think about selling if you subscribed but I do not think there will be any big holders in that position.
We all know the dividend cannot be sustained at this level for long and it won't nor will it be a surprise.

[rcturner2] 28/9/2015 08:53

There is no support here and there are a huge number of 80p placing shares out there that will probably start to be dumped now.

[rcturner2] 28/9/2015 08:36

Agreed, QP. It's sad seeing so many gormless private investors throwing money away on stocks like this.

[christh] 28/9/2015 08:04

Horizonte Minerals bought Nickel assets from Glencore at a discount price.
APF has shares in Horizonte minerals!

[cwa1] 24/9/2015 09:06

Morning

Back in with a modest punt at 77p.Purely a contrarian muscle twitching and possibly more pain to come before things bet better, but thought it was worth a very modest purchase ,tuck it away and see how things develop.

[christh] 23/9/2015 19:00

Supply cuts may help stabilize thermal coal prices in 2016: Citi

Singapore (Platts)--23 Sep 2015 316 am EDT/716 GMT

Thermal coal prices are expected to be pressured in the fourth quarter as Chinese imports slow, but a supply discipline may help prices stabilize in 2016, Citibank analysts said Wednesday.

The analysts see Newcastle 6,300 kcal/kg GAR coal price at $59/mt FOB for the third quarter and at about $56/mt FOB for the fourth quarter.

For 2016, the analysts forecast the price to be $60/mt FOB, similar to their expectations for the current full year.

The average price of this grade for the second quarter stood at $59.03/mt FOB, according to Platts data.

Global exports are expected to be about 844 million mt in 2015, down from 890 million mt in 2014, the analysts noted.

"We expect prices to generally move lower in Q4, but for prices to stabilize in 2016 as supply remains under pressure, while Chinese import declines slow and ASEAN and Indian demand growth continue," the analysts said in a research note.

The analysts expect 2015 Indonesian thermal coal exports to be at 283.1 million mt, down about 7% from last year.

For 2016 and 2017, exports are expected to decline to 274.6 million mt for both years.

"Weaker demand for [Indonesian] low rank coal acted as an additional catalyst for price induced cutbacks," the analysts said.

For Australia, the analysts expect 2015 exports to reach 203.9 million mt, up from 201 million mt for 2014.

They forecast Australian exports to touch 214.1 million mt in 2016 and 221.3 million mt in 2017.

While Chinese imports for 2015 are expected to be at 115.2 million mt, a slump of about 30% from 2014, Indian imports for the current year are expected to rise 10% to 173.8 million mt from 2014, the analysts said.

"[Chinese] imports should improve in Q4 due both to seasonality and somewhat better industrial activity," the analysts said. "However, upside is limited and yuan depreciation boosts domestic competitiveness."

In August, Beijing devalued the yuan by 2% and loosened its peg to the dollar, impacting purchasing power of Chinese buyers of imported thermal coal. For 2016, Chinese imports are expected to drop to 95.3 million mt while Indian imports are seen rising to 184.6 million mt, the analysts noted.

--Deepak Kannan, [e-mail]
--Edited by Haripriya Banerjee, [e-mail]

Platts assessed the 90-day price of Newcastle 6,300 kcal/kg GAR coal at $55.25/mt FOB Tuesday, down about 13% so far this year.

[quepassa] 23/9/2015 07:57

The commodity majors have taken a pounding - and look likely to continue to do so.

China data going from bad to worse.

Commodity prices punished.

Not a supportive back-drop for coal.


ALL IMO. DYOR.
QP

[rcturner2] 22/9/2015 07:50

Indeed, but I think that the bottom will take much longer to reach than most people are predicting. We are still in the downward phase, the true figures are still to come out of China, and they are the main players in all this.

[gwr7] 21/9/2015 15:55

Someone has to be right sometime : )

[rcturner2] 21/9/2015 15:32

I have seen a lot of posts on a lot of commodity threads calling the bottom. No one has been right so far.

[gwr7] 21/9/2015 15:23

Looking at the chart QP there is nothing exceptional about the recent drop in price. Time will tell but you could argue it's in a channel. My first posts on this thread. Watching as I think thermal coal has bottomed.

[rcturner2] 21/9/2015 15:03

Sitting on a crucial support line at 80p, if that fails it will be in big trouble.

[quepassa] 21/9/2015 14:43

I think I am a good poster here as well. I have been saying for a number of years that this share price was on a negative trend and that appears to have been borne out by reality.

I monitor many stock prices daily. That's how one keeps one's finger on the market pulse.

How then would you account for APF's recent rapid fall from the high 80's to the current 80p level, if not by the recent FinnCap downgrade?

ALL IMO. DYOR.
QP

[gwr7] 21/9/2015 14:17

Spurious comment QuePassa. On that basis the Avesco chart is looking very week. You're a good poster on that thread where you stick to facts rather than daily monitoring of the share price. Who or what has upset you here?

[quepassa] 21/9/2015 11:49

Share price looking very weak over last few days since downgrade and target price reduction by FinnCap.

All IMO. DYOR.
QP

[buywell3] 17/9/2015 08:09

You are correct Mr Turner

EJ you are way off as you are and have been in many other commodity calls in the past

Newbes ... watch the chart for signs of a bottom , which might be years away due to China slowdown