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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bisichi Plc | BISI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 77.50 | 07:47:42 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 77.50 | 77.50 | 77.50 | 77.50 | 77.50 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 28/4/2023 07:42 by gaffer73 This should be 500p+ going off those results. Hopefully the results and divi will attract some investors. |
Posted at 11/1/2023 23:25 by bozzy_s Not posted here for many months. Seems you guys have picked up some knowledgeable, sensible posters and investors.Looks like the current Richard Bay coal price is $166/t which explains BISI's recent weakness. I found the live price on - says that the price has dropped 30% in the last month. It'll be interesting to see what happens if that goes back above $200. How big a dividend will BISI pay? They've got the history of splitting profits ~ 97:3 directors:investors (I'll look for my old post on this shortly) so a FY dividend in the region of 20p would be a change in policy, and should lead to a re-rating if it's to be repeated in future years. |
Posted at 05/1/2023 14:53 by sage of suffolk Colonial Coal International, ticker code CAD on TSXV exchange worth a look. 695 million tons of metallurgical coal in Peace River coal district of British Columbia.The shares are changing hands for around $1.30. Thee assets are for sale with around 10 NDA's in place. Crucially the management have done this before. (google David Austin Western Coal Walter Energy). Two other Coal transactions done in British Columbia pre Covid in 2019 @ average price of US$2.20 per ton – These deals suggest the share price projections below are conservative as we have inflation and the price of met coal has increased since 2019. The target take out share price is around $8 / $9 and hopefully this will happen in 2023 - maybe within 6 months. Here is the investor presentation:- Aide Memoir:- 174.3 m shares plus 9.1m options so total 183.4 million fully diluted shares, 695 million tons of metallurgical/coking coal. Current target / for sale value is US$2 per ton, which is the in the ground value, equates to CAD$2.54. 695m x $2.54 is $1,76Bn. Divided by 183.4m shares gives us an initial $9.60 target share price. Do review these links:- |
Posted at 26/11/2022 11:25 by tim000 An important point re profits forecasts for BISI. Many companies pay brokers etc to publish research on them, which utilises discussions with the company so that the profits forecasts published in the research are based on accurate info. BISI doesn’t do this, nor does it publish much detail on its operations in its results. And it certainly won’t disclose market sensitive information to investors when they email the company. Black Wattle has very complicated ownership structures, which are very opaque. Shareholders are thus not in a good position to make forecasts of BW profits attributable to BISI. So we might find that profits in 2022 are more or less than expected, for reasons that were hard to predict. That’s just the way it is, but it doesn’t alter the fundamentals of BISI being an outstanding long-term investment. |
Posted at 26/11/2022 08:40 by tim000 As we all know, the Directors don’t do Investor Relations. But they are good asset managers. If you go back through all their ARs, their mining operations are consistently very good, and they have an excellent, highly experienced Director of Mining who has been at BW for many years. I suspect Andy’s long term investment approach wrt BISI is exactly right. |
Posted at 26/11/2022 07:35 by tim000 I’m more hopeful than you Andy on the share price. As a small cap with no liquidity, the share price will ultimately be determined by a few private investors’ judgement of fair value. Those few don’t care about esg, but do care about dividend yield etc. It would only take the Directors to declare a generous final dividend to see a large rerating imo. Other small coal stocks have seen dramatic price increases based on far less. |
Posted at 05/11/2022 18:00 by tim000 MT has some friends who were professionals in the O&G industry, hence his interest in the sector. I’ve said this before, but I don’t understand why shrewd O&G investors such as MT haven’t realised that coal is at least the equal of O&G as a long-term investment. I agree, Andy, there’s no reason to believe that BISI is just a special situations, short-term investment. |
Posted at 05/11/2022 08:05 by andydaf The green energy revolution doesnt add up.I believe as i have said before private investors are being given the chance of a lifetime to buy energy companies at stupid prices.Whilst institutions are ploughing their money into esg i am busy ploughing mine into coal,oil and gas.Time will tell who is right and who is wrong.The investors in fossil fuels rightly expect fat dividends and very little capex.When Bisi made a couple of million a year Las would not be bothered so much by capital allocation,now it looks like 30/40 million my best guess is that they will want their share.I fully expect coal prices to be good going forwards and Bisi to make handsome profits.Time will tell but i fully expect another profit warning and a major dividend increase.As always good luck to all. |
Posted at 12/8/2022 00:26 by tim000 Andy, me too, I’ve reconfigured my portfolio into high yielding fossil fuel shares, on the same reasoning as yourself. I guess most investors experience the thrill now and then of uncovering a new share which they think will multi-bag, and then for one reason or another things don’t turn out as expected and the share is a disappointment. I have quite a few holdings like that. But I’ve never come across a company like BISI where the company announces it’s made a fortune in profits already and the market still ignores that info!! I suspect this is nearly unique in the history of the stock market. I’m baffled why all the coal investors on ADVFN turn to stocks like BEN but ignore BISI. So I’ve invested an amount in BISI which is far more than I’ve ever invested before in a single stock. Now we just wait for the interims…. |
Posted at 26/6/2022 08:29 by e43 Tim,it is v strange why many/most O&G investors don't seem to have any exposure to coal.As mentioned before there does seem an incredible bias against it or just plain lack of knowledge by many investors . Many investors will have looked and thought they've missed the rise,without actually studying the figures i.e TGA/BISI forward p/e multiple's some of the lowest of any listed company. Hoping last weeks BISI rise looks similar to when TGA broke out of the £4-6 range earlier this year. |
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