ATH Resources Share Discussion Threads

[spaceparallax] 03/11/2009 09:00

A useful RNS.

[spaceparallax] 02/11/2009 12:16

I thought it was suspended after the flooding occurred

[goz1986] 31/10/2009 13:33

Is this still paying its div?

[spaceparallax] 29/10/2009 12:57

I wonder what Rathbone's intentions are from now - let's hope that was just a little fundraising.

[spaceparallax] 29/10/2009 09:05

Grim, looks as if we're going to test the late 40s support again - oh for some good news!

[ssords] 21/10/2009 12:18

Broker tip this week. Indeed surely Govt will be forced to put coal fired (carbon cleaned) power stations into the energy mix. Oil running down, current Nuclear stations reaching end of life, Govt slow as usual to build new ones, wind/wave still very contraversal but will slowly come in due course. Scotland does have head start in water driven turbines though. So we need an allround mix - that incls coal, under and surface reserves of which are huge.
ATH itself has good reserves of surface the easiest to harvest coal. Seems therefore to be well in the running,and surely share price deserves a better figure - all above IMOO obviously
Ssords

[spaceparallax] 12/10/2009 09:53

Thanks for that

[ssords] 09/10/2009 17:01

I see that Longgannet just likely/maybe to go ahead with new coal washing/carbon storing facility power station. If so should provide a steady long term income for us.
Ssords

[wskill] 08/10/2009 17:01

Here are the only forecasts I can find from Barclays all still expecting 6p divi per share this year and being a good Yorkshire company I am sure they will deliver the goods
In the half year report it said-

'I am confident that trading for the full
year should be in line with market expectations."


Can anyone find another forecast?



Forecasts
Year Ending Profit (£m) EPS P/E PEG EPS Grth. Div Yield
30-Sep-09 4.59 11.45p 4.5 n/a -24% 6.00p 11.4%
30-Sep-10 6.19 15.45p 3.4 0.1 +35% 6.20p 11.4%

Forecast Ratios
Year Ending Sales/Share Price/Sales per share
30-09-2009 £1.98 0.26
30-09-2010 £1.94 0.27

Trends & Recommendations
Current 1 week ago 1 month ago 3 months ago 6 months ago 1 year ago
Revenue (£m)
30-09-2010 78 78 83 77 82 n/a

Earnings
30-09-2010 15.45p 15.45p 17.37p 16.80p 16.23p n/a

Dividend
30-09-2010 6.20p 6.20p 6.13p 6.00p 6.33p n/a

Recommendations
Strong Buy 1 1 1 0 2 2
Buy 0 0 2 2 1 0
Neutral 1 1 0 0 0 0
Sell 0 0 0 0 0 0
Strong Sell 0 0 0 0 0 0
No. of Brokers 2 2 3 2 3 2

Average Rec 7.50 7.50 8.33 7.50 9.17 10.00

[rossco] 08/10/2009 11:48

Directors buying also reported today.

[spaceparallax] 08/10/2009 11:40

They seem to have helped a recovery.

[wskill] 08/10/2009 10:05

spaceparallax

Did you see those 2 x 800k buys going through cannot see them being sells 5% of the companys shares traded today will top up again when funds available

[spaceparallax] 08/10/2009 09:03

Slightly poorer than I'd anticipated, but good to hear that the water inflow problems appear to be under control.

[wskill] 08/10/2009 07:43

Looks ok to me a limited extent ?10% reduction in profit to £10m

topped up today good long term bet I am sure a divi will be paid

Pre-Close Trading Update (Ath Resources)





TIDMATH

RNS Number : 4271A
ATH Resources plc
08 October 2009

?
+------------------------------------+----------------------------------------+
| Press Release | 08 October 2009 |
+------------------------------------+----------------------------------------+


ATH Resources plc
("ATH Resources" or "the Group")
Pre-Close Trading Statement
ATH Resources plc, one of the UK's largest coal producers, today issues the
following trading update ahead of the Group's preliminary results for the year
ended 4 October 2009, which will be announced on Wednesday 9 December 2009.
Sales for the full year are 1.8 million tonnes, around 100,000 tonnes lower than
previous expectations. Full production was resumed in late August at the
Group's mine at Muir Dean, Fife, following the implementation of an ongoing
comprehensive water reduction plan to deal with the groundwater inflow into part
of the mine experienced earlier in the year. Production at other sites was
maximised in the second half of the year but, due to exceptionally wet weather
during August and early September, which hampered the opening up of two mine
extensions at Skares and Glenmuckloch, the full amount of lost production was
not entirely replaced. Average prices continued to increase during the year to
over GBP42 per tonne.
The reduction in sales volumes will, to a limited extent, result in the profit
for the year being below the Directors' expectations although, as planned, debt
levels reduced by GBP5 million in the second half, to around GBP40 million.
Planning consent was received in August for a 600,000 tonnes extension to the
Skares mine which, together with the previously approved 330,000 tonnes
extension at Glenmuckloch is now operating satisfactorily.
In June, a planning application for an 800,000 tonnes site at Duncanziemuir,
adjacent to the Group's Laigh Glenmuir mine, was submitted to East Ayrshire
Council. Determination of this application is expected during the first half of
2010.
In September, the appeal commenced against the previously announced decision by
Derbyshire County Council to refuse planning permission for the 500,000 tonne
coal reclamation scheme at Langton. The Directors expect that the decision by
the Planning Inspectorate will be available before the end of December 2009
which, if positive, will allow production to commence in the second quarter of
the 2010 calendar year.
The Group had estimated Proven and Probable Reserves at 4 October 2009 of
4.7 million tonnes and 3.5 million tonnes respectively. This follows a recent
addition of 1.8 million tonnes to Probable Reserves arising from a mine in East
Ayrshire.
Total Reserves increased by more than 1 million tonnes to 8.2 million tonnes
since the half-year, an increase of over 15%.
-Ends-
For further information:
+-------------------------------------------+--------------------------------+
| ATH Resources plc | |
+-------------------------------------------+--------------------------------+
| Tom Allchurch, Chief Executive | Tel: [phone] |
+-------------------------------------------+--------------------------------+
| [e-mail] | www.ath.co.uk |
+-------------------------------------------+----------------

[spaceparallax] 17/9/2009 08:25

Much will depend on whether we can burst back through the recent ceiling circa 60p - if not, then we're likely to oscillate for a while until news arrives to drive upwards.

[wskill] 16/9/2009 20:02

Looks like a DB to me bought today seems a few others have as well onwards and upwards.

[spaceparallax] 14/9/2009 07:51

Can we double-bottom?

[labatie] 13/9/2009 08:58

The weather in NW and Scotland has been appalling. In Skye there was rain every day for 50 days.

Not the greatest conditions for trying to clear ATH's water problems if they remain

[weemonkey] 11/9/2009 12:44

just cheap isn't it that is all

dip in profits will be temporary

[spaceparallax] 11/9/2009 10:24

I also feel that it's cheap - certainly a good long term bet. having said that, there are undefined concerns that explain the markdown.

[weemonkey] 11/9/2009 10:17

Robson 1974 may have nailed it cnx

Still think that this is cheap though (net assets valued at 33 million)

But under a cloud at the moment that is for sure

[cnx] 10/9/2009 16:00

i wonder if the directors know of any reason why the share price has dropped 20% in 12 days

[spaceparallax] 10/9/2009 10:34

Let's hope for the double-bottom

[robson1974] 07/9/2009 23:05

Lower down the market ATH Resources, Britain's third biggest coal producer, fell 1.25p to 55.5p on worries about the near 19% stake in the business owned by Alchemy following news of Jon Moulton's departure from the private equity firm. Analysts at Evolution Securities cut their recommendation from add to neutral and said:

"Jon Moulton had long-standing and close links with the UK's coal industry – at one time he was a non-executive director of RJB Mining – and he therefore understood ATH's business. With his departure, and the anticipated refocusing of Alchemy's investments to concentrate on financial services, we believe the market may perceive that Alchemy's 18.8% interest represents an overhang and price the shares accordingly.

"Of course, the underlying business of ATH is not affected by these changes and our fundamental valuation of the group remains unchanged. Moreover, the group has the potential to find another buyer of the Alchemy interest if it is put up for sale. Such a buyer could be a supportive partner for ATH and, perhaps, aid the further development of its operations both in the UK and internationally. However, given current uncertainty, we believe that a change to our recommendation stance is appropriate until Alchemy's future intentions are clarified."