Bisichi Share Chat (BISI)

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Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Bisichi Mining	LSE:BISI	London	Ordinary Share	GB0001012045	ORD 10P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	+0.00p	+0.00%	85.00p	80.00p	90.00p	85.00p	85.00p	85.00p	10,933	05:00:01

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Mining	37.5	1.5	7.0	12.1	8.93

Bisichi Share Discussion Threads

Showing 726 to 748 of 750 messages

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Date	Subject	Author	Discuss
31/12/2018 14:47	Think at price you have paid you will make a decent return if you tuck this one away rather than seek to trade it. Guess the rating is so low due to family control and fact that their property investments are mainly retail sector which is not exactly flavour of the month	callumross	Read Full Thread Reply
31/12/2018 12:53	Thanks again - I know DYOR prevails - but useful if someones read it before	whentobuy	Read Full Thread Reply
31/12/2018 12:18	These are the relevant sections in terms of life of reserves "The permanent infrastructure improvements at Black Wattle will have a positive impact on the returns achievable from our existing coal reserves and should open up new opportunities to mine similar coal reserves in the surrounding area. Accordingly, we remain confident about the ability of our South African coal mining operations to continue to contribute to our group earnings and cash generation for the foreseeable future.” AND "Looking forward to the rest of this year, management will continue to focus on increasing our life of mine at Black Wattle, through the acquisition of additional coal reserves, as well as maintaining levels of production in order to benefit from the higher prices achievable for our coal."	callumross	Read Full Thread Reply
31/12/2018 11:31	Thanks for the heads up on reserves. Got in this morning at 87p and 89p just before the bounce. With a spread of 12% this is likely to be a slow mover until any news hits.	whentobuy	Read Full Thread Reply
30/12/2018 15:58	Last statement said they had many years left to mine exhaustion and were actively seeking fresh reserves	callumross	Read Full Thread Reply
30/12/2018 12:10	Profitability increase Y-O-Y looks like circa 12% on the price (straight to the bottom line) and 17% on volume up to 670k tonnes. The price seems to have roughly held at an average $98/tonne 2nd half. Did the volume hold at 670k tonnes? More importantly are there sufficient accessible reserves for this to continue/increase?	whentobuy	Read Full Thread Reply
22/12/2018 09:59	price coming down means another share option award soon?	ntv	Read Full Thread Reply
22/11/2018 09:52	they should take a leaf out of AAZ book and see the benefit on mkt valuation	ntv	Read Full Thread Reply
13/11/2018 14:30	Strangely, those 3 transactions today are incorrectly marked as sales when in fact they are £15000 worth of buys.	callumross	Read Full Thread Reply
07/11/2018 17:08	my partner bought a few more yesterday but it still worries me how they give someone £1.8m and not protect the company against loses school boy stuff Now I have got this coal mine in SA that I would like to sell. £1.8m deposit is all I want paid into my swiss bank account number 456.....	ntv	Read Full Thread Reply
05/11/2018 19:49	Well, they are trying to recover some of it; During the year the group wrote off its £1.8million investment in Ezimbokodweni Mining (Pty) Limited (“Ezimbokodweni”) made up of a £1.4million loan (2016: £1.4million) and a £0.4million (2016: £0.4million) joint venture investment. The carrying value of the investment was dependent upon the completion of the acquisition of the Pegasus coal project (“the project”) in South Africa. Although a proposed sale and purchase agreement had been negotiated and a deposit paid for the project, the conclusion of the transaction had been delayed pending the commercial transfer of the prospecting right from the current owners of the project to Ezimbokodweni. Although the group has always remained committed to completing the transaction, previous negotiations to complete the commercial acquisition of the project had been beset by various delays outside of its control and at the beginning of 2017, the current owners of the project notified Ezimbokodweni that they no longer wished to divest the project. More recently, the group was notified that an agreement was reached between the current owners of the project and the directors of Ezimbokodweni for the deposit for the project to be returned and any further negotiations with Ezimbokodweni to acquire the project to be terminated. Although, a legal claim by the group has been issued against Ezimbokodweni and its representatives, in order for the group to recover some of the investment, the Board has considered it to be appropriate to write off the investment in full in the 2017 year end.	callumross	Read Full Thread Reply
24/10/2018 16:48	callumross Unreal value to be fair considering the profits they should be making but someone wants the price lower I wonder who has got the £1.8m that disappeared	ntv	Read Full Thread Reply
30/9/2018 12:04	maxk they are lowly rated as well got a small position there as well	ntv	Read Full Thread Reply
15/9/2018 22:29	https://uk.advfn.com/cmn/fbb/thread.php3?id=948862&from=866	maxk	Read Full Thread Reply
15/9/2018 22:18	Maybe the interim dividend wasn't increased because they need to conserve cash for the redevelopment of the recently acquired property joint venture?	callumross	Read Full Thread Reply
15/9/2018 18:49	a higher rating would come if more of the profit was returned to shareholders i.e regular dividend increases. I cant understand why the interim wasn't raised from 1p. the management simply have no need to care about the shareprice so it is probably priced at us getting 4p a share forever with the odd special.	bisiboy	Read Full Thread Reply
10/9/2018 12:53	The £1.8m has been written off in last years accounts, NTV, as a prudent accounting measure. It is quite possible that some of this will come back as exceptional profit in the future but I agree that regardless, this share is a steal. You have correctly identified the reasons why it is so cheap i.e majority control and excessive directors costs. Another reason is that the mine earnings can be lumpy, in contrast to the steady income stream from the property business. What exactly the catalyst for a rerating of the share to reflect the earnings and assets, I don't know, but the current rating is ridiculous.	callumross	Read Full Thread Reply
09/9/2018 16:26	so what is the catch? Poor PR, Management take large amount of fees every year and award themselves cheap options LAS owns 40%+ ( same family management team so they get paid twice to manage the properties etc) The cashflow comes from coal and £1.8m is still missing in South Africa from an aborted acquisition. Discount to nett assets is currently very large P/e ratio is very low and possibly the lowest on the market yield is approx 4% assuming no increase or special dividends in current year Surely in this day and age the market can't allow the management to run it like it is a private company	ntv	Read Full Thread Reply
09/9/2018 10:52	!FOLLOWFEED Principle investments are coal mining and property investments 24 August 2018 BISICHI MINING PLC Interim Results for the period ended 30 June 2018 For the six months ending 30th June 2018: * EBITDA [1]: GBP5.2 million (2017: GBP1.4million) * Adjusted EBITDA [2]: GBP5.3million (2017: GBP1.4million) * Profit before tax GBP4.0million (2017: GBP0.2million) * EPS (basic): 22.25p (2017: 2.37p) * Total production: 670,000 tonnes (2017: 582,000 tonnes) * Results reflect the stable production and the infrastructure improvements to the coal washing plant at Black Wattle. * Physical demand for Black Wattle coal remains strong, impacting positively on prices achievable for its coal in the international and domestic market. * UK property portfolio performing well with no further news to report on West Ealing development.	ntv	Read Full Thread Reply
31/8/2018 10:38	presume they are taking it back down to the low 90's again lol	ntv	Read Full Thread Reply
28/8/2018 08:43	Apparently "there has never been a formal price index for sized coal sold to domestic users in South Africa, miners have "generally taken their lead from each other and set their prices accordingly, with Glencore predominantly setting most prices."" www.spglobal.com/platts/en/market-insights/latest-news/coal/022017-south-african-coal-miners-look-to-domestic-market-for-higher-prices	sammu	Read Full Thread Reply
26/8/2018 16:53	That is the export price callumross. i was after the domestic price	ntv	Read Full Thread Reply
26/8/2018 14:53	Still at 98.5 NTV which is higher than the average price for the first half of BISI's financial year.	callumross	Read Full Thread Reply

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