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APF Anglo Pacific Group Plc

157.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglo Pacific Group Plc LSE:APF London Ordinary Share GB0006449366 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 157.00 157.60 158.60 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Anglo Pacific Share Discussion Threads

Showing 9876 to 9891 of 13025 messages
Chat Pages: Latest  401  400  399  398  397  396  395  394  393  392  391  390  Older
DateSubjectAuthorDiscuss
20/12/2019
11:29
Oh. No. More bad news in the sector. This time for COKING COAL.

A major Australian producer goes into administration.

Yesterday, S&P Global Platts report that:

"Australia's Cook coking mine coal mine to shut as producer Bounty goes into administration"


The Platts article cites the contributory reasons for the collapse of Bounty as " financial difficulties caused by FALLING METALLURGICAL coal prices"

Read full article about Bounty's collapse into administration here:

hXXps://www.spglobal.com/platts/en/market-insights/latest-news/coal/121819-australias-cook-coking-coal-mine-to-shut-as-producer-bounty-goes-into-administration


The canary sings louder.

ALL IMO. DYOR.
QP

quepassa
20/12/2019
07:30
More director buys. A quality, undervalued outfit here, and nice to see the board taking this opportunity to buy too.
the deacon
20/12/2019
06:27
As if thermal coal was having a tough time - and increasingly so in the future- things have fared little better for coking/metallurgical coal this year.

Australian COKING COAL is down by A THIRD, down a massive c 33% since the beginning of the year and now trading around $145 pmt.

The Outlook for Coking Coal demand and prices is poor.

The futures market prices for coking coal prices do not point to any recovery over the next few years. The serious observer should look carefully at metallurgical coal price futures.

Hardly surprising that so many coal and steel companies are having such a tough time.

The Green movement is eroding demand for both thermal and coking coals. Demand has weakened significantly in China.

Given tumbling prices, weakened demand and the global push towards cleaner energy consumption and sources, it is a sign of just how tough things are that:-


-British Steel went into receivership.

-Whitehaven Coal's (majority owner and operator of Narrabri mine) share price has slumped by a a massive 55% from a peak of A$5.80 in June last year to a current price of A$2.60

-That U.S. Steel is worth 33% LESS than November 2016 when pro-coal/pro-steel President Trump was elected.





Not a healthy outlook.



ALL IMO. DYOR.

QP

quepassa
20/12/2019
06:26
Oh. No. More bad news in the sector. This time for COKING COAL.

A major Australian producer goes into administration.

Yesterday, S&P Global Platts report that:

"Australia's Cook coking mine coal mine to shut as producer Bounty goes into administration"


The Platts article cites the contributory reasons for the collapse of Bounty as " financial difficulties caused by FALLING METALLURGICAL coal prices"

Read full article about Bounty's collapse into administration here:

hXXps://www.spglobal.com/platts/en/market-insights/latest-news/coal/121819-australias-cook-coking-coal-mine-to-shut-as-producer-bounty-goes-into-administration


The canary sings louder.

ALL IMO. DYOR.
QP

quepassa
19/12/2019
21:23
Que que que
When your competitors go bust and you have rising output and good prices it is often good news shareholders enjoy the rising dividends that ensue

pockstones
19/12/2019
16:45
Oh. No. More bad news in the sector. This time for COKING COAL.

A major Australian producer goes into administration.

Yesterday, S&P Global Platts report that:

"Australia's Cook coking mine coal mine to shut as producer Bounty goes into administration"


The Platts article cites the contributory reasons for the collapse of Bounty as " financial difficulties caused by FALLING METALLURGICAL coal prices"

Read full article about Bounty's collapse into administration here:

hXXps://www.spglobal.com/platts/en/market-insights/latest-news/coal/121819-australias-cook-coking-coal-mine-to-shut-as-producer-bounty-goes-into-administration


The canary sings louder.

ALL IMO. DYOR.
QP

quepassa
19/12/2019
16:10
Morgan Stanley anticipating higher coking coal prices too.
the deacon
19/12/2019
16:05
CITI bullish on coking coal:CitiMost bullish on alumina, copper and coking coal in 2020, while bearish on zinc and iron ore. Thinks commodities will benefit from modestly higher global growth, with much of the improvement coming from emerging markets. The commodities team is also bullish on gold in the medium-term. The bank's equity analyst upgraded Teck Resources Ltd. to buy on better a coking coal outlook and valuation.https://www.miningglobal.com/investing/copper-tapped-next-big-metals-trade-2020
the deacon
19/12/2019
14:02
Oh. No. More bad news in the sector. This time for COKING COAL.

A major Australian producer goes into administration.

Yesterday, S&P Global Platts report that:

"Australia's Cook coking mine coal mine to shut as producer Bounty goes into administration"


The Platts article cites the contributory reasons for the collapse of Bounty as " financial difficulties caused by FALLING METALLURGICAL coal prices"

Read full article about Bounty's collapse into administration here:

hXXps://www.spglobal.com/platts/en/market-insights/latest-news/coal/121819-australias-cook-coking-coal-mine-to-shut-as-producer-bounty-goes-into-administration


The canary sings louder.

ALL IMO. DYOR.
QP

quepassa
19/12/2019
13:48
As if thermal coal was having a tough time - and increasingly so in the future- things have fared little better for coking/metallurgical coal this year.

Australian COKING COAL is down by A THIRD, down a massive c 33% since the beginning of the year and now trading around $145 pmt.

The Outlook for Coking Coal demand and prices is poor.

The futures market prices for coking coal prices do not point to any recovery over the next few years. The serious observer should look carefully at metallurgical coal price futures.

Hardly surprising that so many coal and steel companies are having such a tough time.

The Green movement is eroding demand for both thermal and coking coals. Demand has weakened significantly in China.

Given tumbling prices, weakened demand and the global push towards cleaner energy consumption and sources, it is a sign of just how tough things are that:-


-British Steel went into receivership.

-Whitehaven Coal's (majority owner and operator of Narrabri mine) share price has slumped by a a massive 55% from a peak of A$5.80 in June last year to a current price of A$2.60

-That U.S. Steel is worth 33% LESS than November 2016 when pro-coal/pro-steel President Trump was elected.





Not a healthy outlook.



ALL IMO. DYOR.

QP

quepassa
19/12/2019
12:53
thanks EJ. Que pee reluctantly filtered....feel a bit bereaved - he was like a faithful old pair of slippers - but poor chap seems to have gone a quite bonkers. This one has tipped him over the edge ! lol
emeraldzebra
19/12/2019
11:58
Lots of very negative news recently about coal:-



-More and more investors are shunning the sector on ESG concerns.

-Coal usage tailing off rapidly in Europe.

-China now emphasising renewables more and more.

-Greta Thunberg impact on climate change and awareness about fossil fuel pollutants growing and especially with younger generations.

-Eight USA coal companies have filed for bankruptcy this year so far.


An interesting BBC article today headed:- COAL: IS THIS THE BEGINNING OF THE END?


Link here:- hXXps://www.bbc.co.uk/news/science-environment-50520962


and also a fascinating article in the Wall Street Journal dated 24th. November headed: BETS ON COAL END WHERE THEY STARTED: IN BANKRUPTCY

wXX.wsj.com/articles/bets-on-coal-end-where-they-started-in-bankruptcy




A very difficult sector.

ALL IMO. DYOR. QP

quepassa
19/12/2019
10:32
You're mot missing much i am afraid....
emeraldzebra
19/12/2019
10:30
The joy, can't read him.
sam 4224
19/12/2019
09:54
Quepee is a paradox because he actually wrote some very informed and intelligent stuff here in the past. However for some odd reason - but most probably because he has taken a negative position here - he has kind of rolled down hill like a greased pig. He uses endless repetition as a means of rather hopelessly trying to get the share price down and whinges endlessly when he is disagreed with. His infatuation with 'Greta' throwing her toys out of the pram and canaries- are quite touching in an avuncular kind of way. He probably voted for the senile mugwump fart-bag Corbyn, - and thus is sulking a little more than average at the moment. This is a pity as it's the season of good will etc etc.
emeraldzebra
19/12/2019
09:06
I have filtered him. just not worth it. Must be a very strange weak individual in real life
sam 4224
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