Bisichi Share Discussion Threads

[bozzy_s] 09/6/2020 15:22

Agree that cancelling dividend and taking reduced salaries was necessary. But they forgot to do the 2nd part. So for the 2019 year, shareholders received 1p in dividends, while total salaries were 73p per share, including 20p paid to directors. Therefore, with a 20% cut in director's salaries (in line with reputable listed companies), they could've saved a further 4p per share in cash. But it's only shareholders who pay for the current situation.

[callumross] 09/6/2020 07:45

Cancelling the dividend entirely appropriate in the circumstances, given the uncertainty. I have been, and will continue to, top up at these levels.

[bozzy_s] 26/5/2020 19:33

Net cash and property £2+ per share. Someone selling at 45p today. History says about £1.95 per share of that will go to directors, and 5-15p to shareholders. Scandalous.

[its the oxman] 01/5/2020 17:04

Read annual report, could be a decent story but agree key directors are using it to pay themselves , not the shareholders. Spread is a killer. If it hits 50p may be buy just for the div.

[bisiboy] 28/2/2020 12:21

does anyone have an idea why this is moving?

[bozzy_s] 20/2/2020 14:26

I sold at the end of last year, taking a loss. Decided (finally) that BISI isn't for shareholders. It's a value trap. The directors get a far bigger share of profits than the owners. Pointless being a plc as the market hates the company - same as LAS. If they just reduced director earnings by 30% and paid that as a dividend, the shares would be £2.50+ and the directors wealthier due to their shareholdings.

[my retirement fund] 24/1/2020 18:10

Anyway good luck to them.

[my retirement fund] 24/1/2020 18:03

In relation to what? They could afford to return about 80 pence to shareholders tomorrow if they were running this in shareholders interested as a guess.

[callumross] 24/1/2020 17:28

The dividend yield in recent years has been pretty generous

[callumross] 24/1/2020 15:56

https://simplywall.st/stocks/gb/energy/lse-bisi/bisichi-mining-shares/news/does-bisichi-mining-plc-lonbisi-have-a-good-p-e-ratio/

[callumross] 13/1/2020 10:01

Richards Bay coal price up nearly 50% since last summer so tucked a few more away. https://www.barchart.com/futures/quotes/LV*0/interactive-chart

[bozzy_s] 28/8/2019 14:50

Those results are fantastic. Far better than I expected. Net tangible assets up to £22m, nearly double current share price, of which roughly £10m is cash. Hoped for more than 1p interim divi. As long as final divi is increased from 5p I'm happy.

[bisiboy] 24/8/2019 18:18

it would be so nice to get a rise In the interim dividend say to 1.5p please always a bit light in february

[bozzy_s] 22/8/2019 23:43

Ta for that link Callumross. Looks like H1 coal prices down around 20 - 25% from last year (very roughly $100 v $75-$80).

[callumross] 22/8/2019 22:40

This chart may give you the reason for the lack of interest; https://www.barchart.com/futures/quotes/LV*0/technical-chart

[bozzy_s] 22/8/2019 10:21

Interim results normally published in August. Clearly no-one's interested in BISI (or LAS). Roughly £3k of BISI shares traded this month!

[bozzy_s] 01/7/2019 15:45

Interesting. These are worth 400p a share with better management. Edit 10th July: Bit disappointing to see recent selling. With an obvious buyer in the background it would've been fun seeing how high they were willing to go. BISI now ex-div, so today's 118p seller actually gets 123p.

[ntv] 01/7/2019 15:26

big bidder in auction today wanted 35k well big for BISI next years AGM will be interesting to watch

[bozzy_s] 01/7/2019 15:04

I'm being offered 120p online for my small shareholding. Looks like someone's buying in the background.

[topvest] 12/6/2019 19:54

The annual vote...and c30% of holders (i.e. most of the free float) vote again...the Heller family are greedy!