Bisichi Share Discussion Threads

[callumross] 31/8/2021 12:03

If they can't make money at these elevated coal prices because of extraction difficulties due to the mine approaching end of life then when will they ever make profits again?

[callumross] 31/8/2021 10:43

Well that was unexpected and disappointing!

[bisiboy] 19/8/2021 22:46

Yes should be great news for directors bonuses!

[callumross] 09/8/2021 11:49

Now $135 for Richards Bay API4. Bisichi must be absolutely coining it in this year provided the access issues to the terminal have not prevented them benefiting in full from the export market. We will find out when interims released later this month I guess.

[callumross] 12/5/2021 16:09

Don't know why my link hasn't posted correctly

[callumross] 12/5/2021 16:09

Much of what you say in relation to corporate governance I agree with and my post is a bit academic anyway as it is really difficult to pick up stock in a decent quantity at the moment (I have tried!). As regards the coal price for export it has been over $90 all year and just broached $100 - [...]

[ntv] 12/5/2021 15:59

I doubt minority shareholders will ever do well here This is run for the Heller family only as can be seen in the past They will be stripping out loads of bonuses from the subsidiary company along with the cash they are stripping from Bisichi already So how much is the development site really worth above all the costs? Anyway I would say a more average Richards bay has been around $85 all pretty irrelevant as the most minority shareholders would see is a 1p interim dividend anyway !!!lol

[callumross] 12/5/2021 15:17

Company must be coining it in at the moment. First half has seen Richards Bay coal over $90 throughout and now over $100. Also selling down stockpile at the elevated prices and prospect of significant value uplift in the coming months from the grant of planning permission for the West Ealing project.

[bisiboy] 27/3/2021 19:32

coal price still going up if were treated kindly we might get a divi

[rightnellie] 02/3/2021 10:59

Low volume of trades. Maybe mms are playing catch up and recognising the hike in coal prices over the last couple of months

[bisiboy] 02/3/2021 09:59

bit of life this morning cant see any news has there been a tip?

[callumross] 02/1/2021 10:35

From the Financial Times; Neil Hume, Natural Resources Editor DECEMBER 22 2020 The world’s least-loved major commodity is burning brightly again. The price of thermal coal, used to generate electricity in power stations, has surged in the past two months as key consumers in China, India, South Korea and Japan rushed for supplies.  Since the start of November, high energy Australia coal — the benchmark for the vast Asian market — has climbed 45 per cent to $80 a tonne, according to a price assessment from Argus, while its South African equivalent is up 65 per cent to about $100 a tonne. The rally will be a relief for big Australian producers of the fossil fuel such as Glencore after prices traded below $50 a tonne in the second and third quarters due to a drop in industrial activity caused by coronavirus lockdowns. Traders say several factors are at play. First, the seaborne thermal coal market is tight. About 25m tonnes of Colombian production has been curtailed this year in response to weak prices and there is no fresh supply coming on stream as banks and investors refuse to finance new mines. At the same time, demand in Asia has started to pick up owing to the region’s economic recovery and more recently a cold snap. In China, where domestic production has not been able to match supply, that has led to soaring prices, a supply crunch and a search for imported coal. However, that has been complicated by an unofficial ban on Australia coal due to a diplomatic spat. As a result, Chinese buyers have turned to producers in Indonesia, Russia, and even South Africa, which they have not imported from since 2016 due to impurities in the coal. Traders reckon about 1m tonnes of South Africa coal is currently on its way to China, with possibly more to follow. “Thermal coal prices have risen extremely fast over the past few weeks, primarily driven by the developments in China,” said analysts at CRU in a report. “Very high domestic prices and their large premium compared to import prices will incentivise more buying in the seaborne market.”

[callumross] 16/12/2020 11:58

Richards Bay coal for export has been increasing sharply since June, haven risen from $50 to $90 today.

[bozzy_s] 09/6/2020 16:22

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 08:45

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 20:33

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 18:04

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