Atlantic Coal Share Discussion Threads

[olly2] 27/8/2015 15:48

Hope you're right br :-)

[traidemark] 27/8/2015 15:45

it will spike into the close as everyone will buy wanting a jump in price in the morning

always happens,

[bad robot] 27/8/2015 15:42

OLLY level 6 is ticking for spike in the close.

[traidemark] 27/8/2015 15:40

what % was this up today, thought it was near 200% at one point

[tidy 2] 27/8/2015 15:37

Add for the spike it will happen !!!

[bad robot] 27/8/2015 15:34

Am I the only person on advfn who lose money via the spread ? :(

That's why I decided to lose more, by adding more.

[mike111d] 27/8/2015 15:33

Looks like i was right again, sorry folks. You are not in the best of company with metal micky IMO.

[olly2] 27/8/2015 15:32

Get this moving br :-)

[bad robot] 27/8/2015 15:27

Let me guess I losing on the spread. LOL

[bad robot] 27/8/2015 15:24

I have told Mickie many times, I will feed her a decent dinner, one kilo of meat everyday

[mike111d] 27/8/2015 15:23

Do you mean spike down, looks like a further tick down is on the cards.

[bad robot] 27/8/2015 15:22

Yes chez Mrs Mickie you will get a spike for sure, usually about 7.00pm daily; when Mickie doing his round by lidl waste bin to look for his dinner.

[tidy 2] 27/8/2015 15:20

Get some for the morning spike !!!

[mike111d] 27/8/2015 15:04

There you go, the 3pm rush for the exit irrespective of whether it means taking a haircut.

[eezymunny] 27/8/2015 14:56

Things worth noting:

Of the op profit of $4.2m, $2.3m was one-off in nature, so underlying $1.9m

Finance costs were $.5m leaving underlying pbt $1.4m

Debt is c. $24m i.e. c 6x annualised underlying pbt

This lot have racked up $31m of losses over the years

Net current liabilities are $5+m

Market cap c. £8m at 0.17p share price. So Enterprise Value is c. £23.5m

So EV/annualised pbt is about 13. Not as cheap as some here would have you believe.

The equity is very highly geared to profits, so if they keep doing good stuff some may find it cheap here...but it's very very risky IMO.

All rough numbers. DYOR.

[mike111d] 27/8/2015 14:25

I wonder why.

[olly2] 27/8/2015 14:24

Gone very quiet:-(

[tidy 2] 27/8/2015 14:21

Atlantic Coal boosts sales and profits from American minesShare 13:05 27 Aug 2015Atlantic Coal moves strongly into profits after the impact of the refurbishment of the Stockton mine begins to show throughAtlantic Coal boosts sales and profits from American minesNew haul trucks have helped drive significant operating improvements--UPDATES SHARE PRICE DETAILS--Shares in Atlantic Coal (LON:ATC) more than doubled on Thursday after revealing what Adam Wilson, the company's chairman, described as a "remarkable" turnaround.A cursory look at the AIM quoted coal miners results quickly shows why Wilson didn't mince words in his commentary.In the six months to June 30, Atlantic Coal delivered sales of US$10.4mln, up 9.7% on the corresponding period a year ago, and an increase in profit from operations of just over US$4.4mln as last year's small loss turned into a profit of US$4.24mln.A dramatic 29.9% cut in costs was surely helpful in delivering those numbers, but the key figure was the increase in total coal sales from 75,761 tons last year to nearly 106,000 tons this time round.Given that market conditions have been tough and that there was some severe adverse weather at the company's Stockton mine during the period, Wilson's enthusiasm for these numbers is understandable.At heart, the improvement was due, he said, to the company's decision to modernise Stockton to exploit high value anthracite reserves.That modernisation included the acquisition of new haul trucks and excavators, and the refurbishment and expansion of the wash plant.After the end of the period, the company also commissioned a new rail loading facility.All of which bodes well for Atlantic's future ambitions."We have long stated that our ambition is to grow both our reserve base of anthracite and our production capacity and have been actively looking for further high quality and economically viable anthracite coal properties," said Wilson.On AIM, Atlantic Coal shares gained 0.11p or 143% to trade at 0.19p. At this price the company is valued in the market at around £9mln. Share Alastair FordWHY INVEST IN ATLANTIC COAL PLC? READ MORE HERE

[mike111d] 27/8/2015 14:10

You will see more trades like that shortly at more than a 10% loss. As I was saying, watch and learn.

[mathematica] 27/8/2015 14:07

Not all mongs look like mike and his family