Anglo Pacific Share Discussion Threads

[neilyb675] 15/7/2018 10:55

QP - definitely an old women. Sorry any [other] old women reading this.

[stevie blunder] 14/7/2018 12:29

Tipped by Investors Chronicle on Friday.
Nothing we don't know in the write up, gives Peel Hunt forecasts of

2018 18.9 eps, 8.5p divi
2019 16.5 eps, 8.8 divi.

[quepassa] 13/7/2018 23:24

NellyBelly.

His famous words: "Viagra and Heineken- boom" . everyone still laughing over that one

what a vile little scumbag

IMPOTENT AND AN ALCOHOLIC

[neilyb675] 13/7/2018 21:24

Same as you.....hahaha

[quepassa] 13/7/2018 14:30

obviously something that RCT is clearly more than familiar with....


probably caught it from his wife.....question is where she got it from


hahaha.




you can tell that rct is a numb-skull consultant, just a low-paid lacky who writes powerpoint presentations for other people.



have you noticed how anything which rct writes makes you want to zzzzzzzzz…R30;.
he is so boring , so unintelligent and so unoriginal

[quepassa] 11/7/2018 09:48

1. Commodities really under the cosh today

2. Today's FT. Headline Page 13. "Norway's $1trn oil fund ditches Buffett energy company over reliance on COAL"



Sovereign wealth funds continue to liquidate investments which do not meet their ethical investing criteria. "The fund is on its fourth round of exclusions for companies that derive more than 30 per cent of their business from coal", reports The FT.



The FT continues that: "The fund's ownership approach is followed closely by many other investors".



Continuing evidence that major institutional and sovereign investors continue to avoid investing in the coal sector.


Not good news. Or very good news - depending on your PoV.


The squeeze is on and getting tighter.


ALL IMO. DYOR.
QP

[fordprefect79] 10/7/2018 15:30

I trust the financials more than the chart. We dropped to 128 for about 3 minutes a couple weeks ago and then drifted up again. My guess is that a big holder is trying to sell off for their own reasons. I can’t find anything negative to warrant a drop just recently.

[piedro] 10/7/2018 11:21

ferries5 ... do catch up!!

[rrr] 10/7/2018 10:34

'Could well fall further as graph is in sharp downtrend.'

That's rather a negative interpretation. Could equally well go up again - the chart's done that before!

[rrr] 10/7/2018 10:34

'Could well fall further as graph is in sharp downtrend.'

That's rather a negative interpretation. Could equally well go up again - the chart's done that before!

[quepassa] 10/7/2018 07:33

At 134p, this share has rapidly over just two months lost around 20% since its recent May peak of c 166p.

Not positive. Not looking good.


Could well fall further as graph is in sharp downtrend.




ALL IMO. DYOR.
QP

[ferries5] 09/7/2018 17:26

Anglo Pacific encouraged as new Kestrel owner reportedly set to expand production

[quepassa] 19/6/2018 08:09

aussie dollar suffering.

steel companies under the cosh.

[christh] 13/6/2018 10:57

Anglo Pacific Group boosted by coal price as broker upgrades (AIM:APF)

City firm Peel Hunt has moved its recommendation to 'buy' from 'add'

INVESTMENT OVERVIEW: APF The Big Picture
The revaluation has been fuelled by the rising coal price, but Anglo is more than a single commodity business

King coal appears to be back in the ascendancy and the rising price of the commodity was behind an upgrade for Anglo Pacific Group PLC (LON:APF), the mining royalty specialist.

Peel Hunt has bumped its valuation to 190p from 181p for shares in the business as it said it expected a ‘fade’ in the price of the black stuff to occur next year rather than this.

“Coal prices have been higher than expected over the past few months, due partly to logistics issues in a range of countries,” said analyst Peter Mallin-Jones in a note to clients.

“Demand has also been strong in Chinese steel output, and notably Chinese coal burn in power generation.

“This has driven an increase to our coal price estimates, lifting Anglo Pacific’s revenues and cash flows.”

Valuation underlines Anglo’s potential
---------------------------------------
So, why does this matter to Anglo? Well, it has exposure to the sector via royalty streams from the Kestrel and Narrabri mines in Australia, which were singled out by the Peel Hunt number cruncher.

The revised target price, meanwhile, was based on the average of the updated net asset value (187p) and the dividend yield valuation of Anglo (194p).

The shares, down a penny, were changing hands for 153.5p, or around 24% below the Peel Hunt target.
Gold and uranium too

Anglo isn’t just fuelled by coal. It receives royalties from a gold project in Spain, a vanadium operation in Brazil, as well as receiving uranium income from the US and Australia.

There’s also a royalty on the Berkeley Energia (LON:BKY) uranium mine in Spain, due to come on stream next year.

That’s already a good spread in terms of commodity and jurisdiction, but chief executive Julian Treger said recently he is keen to broaden the company’s exposure to industrial metals.

“We want to grow in copper, nickel and zinc,” he says. “But it will be specific to opportunity.”

As to the more fashionable commodities like lithium and cobalt, it seems likely that Anglo will leave those alone for the moment. Treger reckons cobalt is a bit “overblownR21; and is not convinced of the long-term dynamics for lithium either.

© Proactive Investors 2018

[wallywoo] 11/6/2018 11:16

Que, I don't think Entree are either. But I do think they are looking for specialist royalty investor companies in their flagship investment Oyu Tolgoi project in Mongolia - as that presentation suggested. The strangeness of this current deal leads me to think that it is all connected - who knows the detail!

IMO that will be APF likely next investment. Time will tell

[quepassa] 11/6/2018 11:03

Good luck. But my reading is that Entree want a stake in the mine and the royalty, not APF.

I do not read Entree as being a long-term equity investor.

Nothing in that youtube presentation which you linked says that their game-plan is to build up equity stakes in other companies.

but sounds like a good royalty for apf, despite the cumbersome deal structure.

all imo. dyor.
qp

[wallywoo] 11/6/2018 10:53

If I had to guess, the 90 day lock in has more to do with the deal to come rather than this small deal: This mine is a small investment for both Entree and APF. Take a look at their recent presentation:



This is a huge opportunity for any Royalty type company, and I think is possibly where the next large investment will come in. Time will tell

[football] 11/6/2018 10:00

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Five free coins for every link above daily

[quepassa] 11/6/2018 09:35

Hang on a second.

Entree want a very long 21 year override/overage on the Royalty but a tiny 90 day lock-in period on the shares.

Excuse me but that is a bit funny. Two temporal extremes.

If they really want a "strategic stake" in APF as you suggest, they wouldn't have negotiated a mere 90-day lock-in in my view.

I continue to believe that the tiny 90 day lock-in has created an unnecessary and costly share overhang. The risk that Entree may or may not seek to dump $1m worth of APF shares on the market on or after 90 days cannot in my opinion only be ignored.

ALL IMO. DYOR.
QP

[wallywoo] 11/6/2018 09:14

On first view I completely agree on this deal - why would a cash rich APF offer shares rather than cash for this stake??

Then I started to look at Entrée Resources, and to me it makes more sense. They are an interesting company and not your usual cash strapped miner. This is a joint venture with two similar companies and I think Entree having a stake in APF is strategic to ensure they are mutually aligned futures.

It would not surprise me if the next deal involves them too and is much bigger. They have some interesting assets:

[stevie blunder] 11/6/2018 08:42

The new copper royalty looks like a casino bet, they paid $1M for a royalty that might pay out 2-3M/year at some time in the fairly distant future. It is strange that they paid in shares, just maybe they need to husband cash for a really big deal in the pipeline? Who knows.

In other news :




COAL prices are soaring again, with thermal prices at six-year highs and coking coal looking to push through the $US200 ($A262) a tonne barrier.

“Supply is tight out of Australia. What has also happened is exports out of South Africa are down,” said Shane Stephan, managing director at New Hope, Australia’s third-biggest independent coal producer.