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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ath Resources | ATH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.325 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.325 |
| Top Posts |
|---|
Posted at 27/10/2012 10:18 by the stinger You never know with ATH, however at current levels someone/a 3rd party may be able to strike a deal, down to the debt really. MCAP is currently at 330k!, last bid talks (year ago) MCAP was at 15-20 million ish with a little more debt!! and the situation was similar to todays.. so its possible any deal could increase the share price by 200-400% from 0.8p. Total gamble with possible huge gains from here, however, could fold at anytime without an investor/buyer seeing value and doing a deal. Would not suprise me if a deal was doable tho'. |
Posted at 07/2/2012 14:53 by loafofbread Peter Gyllenhammer. Top activist investor now has 20%+Good following and well connected so watch this space. Have added today on the hope he goes all the way to 29.9% and something happens! Good news at last and should get some decent press. |
Posted at 04/1/2011 11:47 by spaceparallax I wonder if we'll hear any news on their winter production? I know that's unusual, but given previous years' problems it would help reassure investors. |
Posted at 16/12/2010 13:37 by loafofbread This came out last week, before todays news. thanks petrit iiiBy Miles Nolan, Editor of GCI - LONG-TERM BUY After a tough year AIM quoted coal producer ATH Resources is looking in much finer fettle. Heavy rainfall in Cumbria hit production at its Ayrshire mines then snowfall caused its conveyor to halt so coal could not be delivered to customers. This led to first half losses but the picture has since improved with sales for the year to 3 October 2010 up a touch to £78.3m as profits from continuing operations fell 34 per cent to £4m. Overall sales of 1.79m tonnes dipped slightly as coal prices rose steadily during the year to $110 a tonne. The sale of its non-core Regeneration assets yielded £6.5m helping to slash net debt by 14 per cent to £34.5m. Having not generated any income for two years due to delays in its Australia based prospects this disposal also does away with a significant investment that would have been required. ATH is planning to open two new sites at Netherton and Duncanziemere next year to replace lost production at its Samsiston site. Strong cash generation should go a long way towards financing the £14m cost of opening these mines. However with additional bank facilities still tricky to come by this has meant shareholders have seen a halving of the dividend to fund development. ATH is also working through the legacy of past fixed price contracts that have meant it is achieving less revenue from coal it sells this way than new sales contracts agreed at current prices. A new management team led by CEO Alistair Black and FD Andrew Weatherstone should also provide fresh impetus. We recommended buying shares in asset rich ATH in Growth Company Investor at 54.5p on 8 November 2010. After a slight rise to 58.5p we retain our counsel and rate the shares as a Long-term buy. |
Posted at 05/11/2010 10:55 by spaceparallax Dun,Look back a few posts, I posted a very healthy review from Growth Company Investor - this suggests a distinct imminent turnaround in fortunes from the most recent results that led to the investor discontent. |
Posted at 03/11/2010 11:12 by spaceparallax Just received a very positive Long-term Buy rec from Growth Company Investor. If anyone wants to see it let me know.have just grabbed another 4K@56.85p on the back of it - quite likely we'll rise to above the 60p level once more. Hope they don't have any further icing problems on the big conveyor during what's predicted to be another cold winter. |
Posted at 29/10/2010 18:46 by spaceparallax Thanks GPI'm rather on the fence - a small holding but wary about the recent share price movements as if some investors know a bit more than the wider public. |
Posted at 13/9/2010 10:20 by loafofbread Nice to have you on board.I'm very tempted to add, but have a stack load that are all underwater. What's your interest in ATH, i.e in the industry or just a savvy investor (unlike us so far)? |
Posted at 08/7/2010 12:12 by chrisdgb Pointing to the better outlook from Growth Company Investor:Coal producer ATH Resources blames bad winter weather for falling first-half production and a £2.9 million interim loss. The Doncaster-based company saw sales volumes fall 8 per cent to 776,000 tonnes in the six months to April, though a 5 per cent price increase meant that turnnover fell by a lesser 4 per cent to £34.4 million. Steered by chief executive Tom Allchurch, AIM-quoted ATH, which has operations in the Midlands and Ayrshire, nevertheless proposes to reinstate an interim dividend, paying 1p a share. The company, which has proven reserves up by a third at 6.7 million tonnes, has agreed new long-term sales contracts at improved prices and has won planning permission for activities at Nertherton in the Midlands and Duncanziemere in Ayrshire. ATH says it is considering an approach from an unnamed source for its ATH Regeneration arm, which cleans up disused mine sites, restores the land for local authorities and collects and sells the remaining coal. ATH Regeneration has had to contend with a succession of planning hold-ups at a project in Langton in Nottinghamshire, where it hopes to reclaim some 175,000 tonnes of coal annually for two and a half years. Looking ahead, Allchurch argues that ATH Resources wil be able to 'access a rapidly improving coal market, leading to significant improvements in future profitability'. The stock market is taking a cautious view, and the shares, which were floated at 136p in 2004 and have traded between 93.5p and 48p over the past 12 months, now change hands at 64.5p, down 3.5p this morning, valuing the company at £25.8 million. |
Posted at 02/5/2010 09:27 by labatie CNX - Your point is well made. I totally agree about info and attach a quote from their investors page "We place great importance on the need for effective communication with investors and the media."Their communication is poor at best - although when one calls they give their time quite freely - and they don't seem to think ahead much about the timeliness of their announcements. To me it tends to be rather on the lines of 'Oh and by the way...'. They also do not elaborate on previous info, especially re Oz, where we've been left hanging. Yes, events may have made negotiations v slow, but don't just repeat previous statements word for word. When the water ingress problem happened, it was plainly serious, but no update was forthcoming on remedial progress. We don't need a running commentary, simply an application of common sense. Mind you, having said all that, I shouldn't be surprised if we get a PS to an RNS saying '..oh and by the way we've won our first regeneration contract in Australia..' Tim Stokeld has been appointed a non exec. He was a stockbroker for years - head of institutional trading at various places etc - and knows very well that the mkt needs to receive timely information. He should earn his keep there, offer his mkt experience - plainly lacking here - and tell the board how to approach this and live up to the laudable aim quoted above. I've been an investment manager; indeed I used to deal with Tim in the dim and distant - he's a very straight bloke and can offer them invaluable insight. The board are shareholders - so's he - and ATH's rating will improve if the mkt has more confidence in the co's continuity of communication. |
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