ATH Resources Share Discussion Threads

[ssords] 21/12/2009 17:21

Never thought that I would say this but recent sharp rise has been ..well ...unbelievable. I was expecting a steady climb. So now I have to reconsider. Take the profit and hope that share price will come back. Or hang on tight for what could be a roller coaster ...and be greedy ...and see it crash down.
Ssords

[undervaluedassets] 19/12/2009 17:43

added

shhh!

[undervaluedassets] 12/12/2009 08:12

To be really cynical AND extremely bullish

This stock is an out an out buy because.....

... coal HAS to be part of the energy mix for the forseeable future. clean or dirty there is no choice as the alternatives are not there yet and will be a long time coming.

For the medium term prices look strong and contracts are secure. greenest coal is nearest coal apart from anything. and nearest coal is ATH coal

there is no getting away from it for the moment at least ... coal .... we got to have.

This is such a boring company - I just love it .

secure yield of nearly 10% will soon be discounted down to 5% in my opinion which gives a price target near term of £1.30 which will still be cheap for a company whose prospects have defininitly turned.

[ssords] 11/12/2009 16:32

This industry a red hot political potato - carbon emmissions/nuclear etc. but ATH is well run, has great reserves and some good contracts. Personally, I think that as soon as removing carbon residue is perfected(O.K still a way off) coal will come into its own we have masses of it whilst all other forms have some sort of political adverse lobbies..I see us going for a mix coal/wind/nuclear/water. Am in for the long haul with this one.
Ssords

[spaceparallax] 10/12/2009 12:42

Great recent recovery, underpinned by the respectable results

[loafofbread] 10/12/2009 11:55

Pity about the lack of press coverage this morning. (i.e none)

DMail had a snippet in the market report and that was it.

Decent volume and a rising price bodes well.

[undervaluedassets] 09/12/2009 16:34

hard to find a negative

and a very cheap outfit on fundamentals as well

pe 7

yield 10 %

debt being paid down

balance sheet improving

coal resource bigger

good visibility on contracts going forward

medium term outlook for coal prices good

[loafofbread] 09/12/2009 16:13

Direcror buying at 71.5p?

[loafofbread] 09/12/2009 10:06

£1.30 target from Sey P.

[dunluce] 09/12/2009 09:54

Overall a good outcome - even a slight increase in the Dividend (I had feared it may have been reduced) - Dividend yield now in excess of 9% - excellent.

'Commenting on the preliminary results, Tom Allchurch, Chief Executive of ATH
Resources, said:
"The last year has been a challenging one for the Group with an absence of
production, as expected, from our coal tip reclamation and regeneration
business. However, our Mining business grew strongly, debt levels were reduced
and proven reserves increased. With ATH Regeneration's successful planning
appeal at Langton resulting in a return to production in 2010, I am looking
forward to further significant debt reductions and returning to growth over the
next few years."
Taken from pre-lims.

[rossco] 09/12/2009 08:48

EBITDA in excess of £24m with the final dividend increased to 6.15p.
Further debt reduction expected current year.
Good result overall.

[dunluce] 03/12/2009 08:51

The 9th Dec it is.

[dunluce] 02/12/2009 08:40

Nothing as yet re pre-lims/ Dividend - perhaps the 9th is the correct date.

[gnnmartin] 26/11/2009 13:02

ATH have won the contested planning permission in Nottinghamshire.

Nigel Martin

[ssords] 23/11/2009 17:02

GNN
Useful checking. I also had feared an share price fall consequent upon the awful downpours - we had our share in Scottish Borders - but recent hip replacement prevented me visiting nearby opencast mine.
Otherwise I remain convinced - there is a place for (clean) coal in our energy mix.
Ssords

[gnnmartin] 23/11/2009 12:16

loaf, that worried me too. However, looking at the map I reckon that ATH mines are not in the badly affected areas. ATH have a web page giving the locations of their operations, with a brief note to each.
Nigel Martin

[spaceparallax] 20/11/2009 09:51

Looks as if we're headed for mid to late 50s support, which is a welcome improvement on the situation before the recent finance news.

[spaceparallax] 17/11/2009 11:51

Interesting to see where the share price settles

[spaceparallax] 06/11/2009 11:55

I'm pleasantly surprisedd by the strength of reaction to the recent RNS - it's better than I'd expected.

[spadman] 06/11/2009 03:04

the refinancing and the yield... they're solvent and paying divs. Also lets be honest in this global economey energy is up there.

This is far too cheap reminds me of when i bought RJB for 30p at the height of the dot com bubble.

[dunluce] 05/11/2009 16:14

Interesting buying today - any ideas ( apart from potential dividend yield )

[spaceparallax] 04/11/2009 12:28

Thanks for that.

[dunluce] 03/11/2009 16:37

Spaceparallax,

Please see below with reference to the dividend- The interim dividend was deferred and should be incorporated into the final payment.


'The unexpected inflow of water encountered
recently at Muir Dean is currently temporarily
reducing production from part of the site and
consequently, as a precautionary and prudent
measure, the Directors propose that the
interim dividend is deferred and incorporated
into the final dividend expected to be paid
in January 2010.'

Info taken from the interim update on the website. We should know more on the 9th of December - propoesd date of Dividend declaration - Again taken from the website.
Just noticed the Interims have the 2nd of Dec as pre-lim results and dividend declaration.