ATH Resources Share Discussion Threads

[cnx] 17/5/2010 20:52

thanks, paul yes good numbers

i was looking at the recent period oct'06 verses oct'09

fixed assets 65.14 v.78.66 plus 20.7%
stocks 6.76 v.19.63 plus 190.38%
receivables 8.8 v. 9.62 plus 9.31%

turnover 54.13 v. 77.85 plus 43.8%
profit 5.01 v. 4.03 minus 19.6%
eps 12.45 v. 10.10 minus 18.82%
dps 11.25 v.6.15 minus 45.4%

share price 202p v.51.75 minus 74.4% v. today minus 66%

my concern is i feel things happen and directors react

what are they actually doing to improve the numbers

certainly their announcements give no indication

[paul1967] 13/5/2010 21:18

"what evidence?"
making £5m profit in current climate i would say is eveidence with a 6p divi too.

[cnx] 12/5/2010 03:20

anyone know if the directors are any good? got foresight and talent?
if so what evidence?

[labatie] 11/5/2010 16:00

That's 7 days out of 8 that ATH has fallen

[spaceparallax] 11/5/2010 15:48

It's very frustrating to see all the good work of recent months being gradually unpicked.

[paul1967] 11/5/2010 09:10

anyone think ATH require cash, maybe an open offer coming, if that were the case why have blackrock bought and Paterson Quarries Limited bought recently. They look oversold. If they keep a divi why no interest?

[labatie] 10/5/2010 15:28

This is a depressing performance - and rather worrying for holders

[cnx] 03/5/2010 18:17

thank you and well put

the more individual aim companies can provide the more their status will improve. lets see what influence mr stokhold can have

[labatie] 02/5/2010 08:27

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.

[cnx] 01/5/2010 14:52

is this really a buy?
i hold as an income investor in a an iht avoidance portfolio
would like to average down but have concerns about management,and poor information. are they really benefiting from the renewed belief in coal?

[loafofbread] 15/4/2010 08:17

Sorry to bang on about the online quotes but..

Max sell 100k@78.5 and buy 100@79

Anyone confirm or is selftrade bust

Point is you can sell 100K no problems, but buy only a few.

I'll leave you to work it out.

[loafofbread] 15/4/2010 08:05

Todays Independent

ATH Resources

Our view: Buy

Share price: 77p (-6.5p)

The recent strikes at British Airways and Royal Mail, as well as potential stoppages on the railways, are a reminder of the 1980s when the Government and the miners were at each other's throats.

The popular analysis is that Margaret Thatcher "crushed the miners", which, of course, is only partly true. A thriving coalmining industry still exists in Britain, but ATH Resources, one of a several UK mining companies, issued what looked like a downbeat trading statement yesterday. Sadly, full-year production targets will be missed by 50,000 tonnes, with the group blaming delays in the start of its tip washing and reclamation plant in Nottinghamshire, while sales in the six months to the start of April fell by 8 per cent. Unsurprisingly, the shares reacted badly as a result.

But investors should not cut and run yet. The 2010 dividend yield is still a very healthy 7.7 per cent, with no hint yesterday of a cut. Despite the share price fall, the stock has put on more than 60 per cent in the last half-year, helped by stronger coal prices. Trading on a full-year multiple of 10.6 times the shares still lag the sector average of 14.3 times. Yesterday's share price dip is a real opportunity to buy.

[cnx] 14/4/2010 18:53

lack of detailed,timely information puts this in the class "jam tomorrow'.....................i have lots of that class!

[loafofbread] 14/4/2010 15:22

Max sell up to 100k@77!!! buy 15k@77.5

Never seen that before.

Not the best time to sell imho.

[loafofbread] 14/4/2010 13:27

Loads of support at 77, looks like a keen buyer out there.

Max sell 50k @77 buy 15k @77.5

[labatie] 14/4/2010 08:21

It's not a failure on their part to be held up by weather.

But having already suffered those water ingress problems - and having at the time given no progress report about remedial work - they should have learnt and let the mkt know sooner, even if the delay was nothing to do with those particular problems. It was plain from the news that the West of Scotland had a terrible time last autumn. Simply shoving it in a statement six months or so afterwards is, to me, just unprofessional.

I think also that they should be less bland about progress/lack of progress in Australia. This is the latest in a line of almost identical remarks about it.
Come on chaps - it's the shareholders who own the co!

I've looked at the website re coal washing - I can't see any explanation from them of what their process is and how it differs from others. Can anyone enlighten me?

Although I'm complaining, I think these are pretty undervalued and am a holder

[swinging_dick] 14/4/2010 07:59

Smacks of poor management, what a let down.

[loafofbread] 13/4/2010 07:24

Ath has been trying to do a 'regeneration' deal in Oz for the last 2 years.
The CC and fallout put paid to it.

However, Oz is one of the first out of the blocks in the global recovery and the coal industry is moving into overdrive. China has signed a $60B supply deal and there have been more deals/t/o in 3 months than 3 years.

My hope would be that finally someone signs off on the Oz deal.

If so my view is it would be worth the Mcap on its own.

Read the results statement and trading update is due tomorrow.

Lets hope yesterdays/todays buyers have seen the good bits?

[spitt] 13/4/2010 07:15

loafofbread

What connect does ATH have with Australia?

[loafofbread] 12/4/2010 16:55

Excellent day.

The Oz coal scrum continues, I would have thought they would be all over Tom and his regeneration set up. Any deal will set this company on fire imho.

Peabody, Coal India In Preliminary Talks On Cooperative Ventures
NEW YORK (Dow Jones)

Peabody Energy Corp. (BTU) and state-owned Coal India Ltd. are discussing possible cooperative ventures as part of broad-ranging, preliminary talks, the companies said Monday.

In a joint statement, the companies said they're looking at long-term coal supplies, with Peabody seeing India as potentially the world's fastest growing importer. The two companies warned discussions are in the "very early stages," and no agreements have been reached or decisions made on timing or structure.

The Sydney Morning Herald in a report Monday quoted a top Coal India official saying the company is in "advanced stages" of negotiations on a $1 billion deal with Peabody that would give Coal India stakes in four Australia coal mines and other international assets.

Coal India is the single largest coal producer in the world and the largest corporate employer in India, according to its Web site.

St. Louis-based Peabody said the talks with Coal India are unrelated to other deals it's working on. The company is in the middle of making a takeover bid for Australian miner Macarthur Coal Ltd. (MCC.AU).

Peabody shares recently traded 4% higher to $48.19.

[chrisdgb] 12/4/2010 09:29

with current coal prices I estimate this should be 130/140p level...

[loafofbread] 12/4/2010 08:59

Even better today.

25k max sell and 1500 max buy.

[paul1967] 11/4/2010 10:48

yes, read the results, ongoing and hoping for a regeneration contract in australia